EUR/USD: As our expected corrective weakness was triggered and sent the pair lower on Thursday, further downside risk is now building up towards its channel support at 1.4420. Guest post by www.fxtechstrategy.com We look for that level to provide a strong support and turn the pair higher in the direction of its long term uptrend. Further … “EUR/USD Eyes Channel Support”
Category: Opinions
Dollar And S&P Futures Outlook Ahead of the NFP
Traders, dollar is hanging quite well out there, so moves seen over the past few session could really be start of something bigger. However, we still need to keep an eye on some more important price actions and levels. Well, looking at this S&P unlabelled price structure from the 1372 high, a move can be … “Dollar And S&P Futures Outlook Ahead of the NFP”
AUD/USD Bears Looking Strong
With no RBA rate hike on Tuesday, with poor Retail Sales numbers and now also lower stocks and commodities, Aud/Usd does not have a chance for a rise.. Guest post by Gregor Horvat From an Elliott Wave perspective, Aud/Usd shows more and more powerful signs of a third wave, since price fell below the trading … “AUD/USD Bears Looking Strong”
4 Scenarios for the Non-Farm Payrolls
Official expectations remain rather high for the Non-Farm Payrolls. But the figures leading to the release lean lower. If the result is very low, the dollar bears might be disappointed as well. Here are 4 scenarios for the Non-Farm Payrolls. The past two months were quite good with job gains of around 200K each month. … “4 Scenarios for the Non-Farm Payrolls”
EUR/JPY Losing Downside Momentum
Although the EUR/JPY cross remains under pressure on correction, its present rejection of lower level prices in early trading today suggests an end to its corrective weakness may be developing. Guest post by www.fxtechstrategy.com However, the cross will have to climb above the 121.79 level, its April 28’2011 high and 123.29 level, its 2011 high … “EUR/JPY Losing Downside Momentum”
More Strong Vigilance? ECB Preview
The ECB is expected to leave the interest rate unchanged after the hike last month. The big question is which code words will Jean-Claude Trichet use at the press conference. Here are three factor pushing for a hawkish stance, and three factors pushing for a dovish one. ECB Preview. After two years, the European Central … “More Strong Vigilance? ECB Preview”
NZD/USD – Trading the New Zealand Employment Data
Did New Zealand recover from the earthquake? The upcoming employment figures will provide an answer and a direction for NZD/USD. Here are the details and 5 possible scenarios. Indicator background New Zealand is unique in publishing its employment data only once per quarter. These figures, important in any country, are magnified by the frequency. Q4 was … “NZD/USD – Trading the New Zealand Employment Data”
EUR/USD Faces Price Hesitation
EURUSD: Price hesitation has set in after EUR failed a test of the 1.4899 level on Monday. Though still holding on to its long term uptrend, it remains susceptible to the downside on a possible correction. Guest post by www.fxtechstrategy.com If this occurs, further declines should develop towards the 1.4629 level, its April 27’2011 low. On … “EUR/USD Faces Price Hesitation”
AUD/CAD, GBP/JPY and EUR/AUD – Elliott Wave Video
In the next video, Gregor Horvat will discuss about the FX crosses, such as Aud/Cad, Gbp/Jpy and Eur/Aud. He will point out some very important levels that traders need to pay attention on for a long-term and short-term period. Guest post by Gregor Horvat Pairs will be analyzed from an Elliott Wave perspective. If you … “AUD/CAD, GBP/JPY and EUR/AUD – Elliott Wave Video”
GBP/USD Bullish But Losing Upside Momentum
Pound/Dollar: Although the outlook for GBP remains higher in the long term, the possibility of a corrective pullback continues to increase as the pair is presently weakening following a turn ahead of its April 28’2011 high at 1.6743. This development could see the pair weaken further towards the 1.6598 level, its April 21’2011 low where … “GBP/USD Bullish But Losing Upside Momentum”