Some currency pairs just give you a headache: they take a slow walk through clear lines of support or resistance, make jumps when nobody’s looking and get traders to draw strange lines on the charts. These currencies are the least predictable ones. Here are my top 5 pairs that are most challenging for technical analysis: … “5 Most Unpredictable Currency Pairs”
Category: Opinions
USD/CHF Recovery Supported by Stock Market
Usd/Chf spiked higher on Friday and now we have five waves up from 0.8920 lows, which means that from an Elliott Wave perspective trend has changed from bearish to bullish, because impulsive structure always shows direction of a temporary trend. With this being said, we are expecting higher levels to be seen within larger three … “USD/CHF Recovery Supported by Stock Market”
EURUSD: Biased Towards The 1.4248/79 Levels
EURUSD: As a rally saw the pair wiping out almost all of its previous week losses, risk of a return above the 1.4248/79 zone is now building up. If this occurs, EUR will resume its long term uptrend and open the door for a move higher towards the 1.4411 level with a break targeting the … “EURUSD: Biased Towards The 1.4248/79 Levels”
GBPJPY – Bullishness To Extend Into The New Week
GBPJPY – A strong bullish momentum saw GBPJPY wiping out its two-week losses and breaking through the 132.905 level, its Mar 22’2011 high to close at 135.40 the past week. This rally is coming on the back of a loss of downside momentum at 122.40 and now leaves risk of further price extension towards the … “GBPJPY – Bullishness To Extend Into The New Week”
CAD/JPY Big Winner of Non-Farm Payrolls
CAD/JPY is the big winner of the American Non-Farm Payrolls. The cross broke above the uptrend channel to levels last seen in June 2010. Update on this cross, which is often overlooked. CAD/JPY Technicals At 87.40, the pair is around 140 pips higher today, after already reaching 87.70 earlier in the day. It’s the fifth … “CAD/JPY Big Winner of Non-Farm Payrolls”
5 Most Predictable Currency Pairs
Not all currency pairs were born equal regarding technical analysis. Some tend to slow down and halt when getting close to a distinctive line of support or resistance. And if the distinctive line is breached with strong momentum, the break is clear and convincing, with the pair leaving dust behind it and never looking back. … “5 Most Predictable Currency Pairs”
The worsening debt threat under the euro
Of course, one of the more remarkable aspects of the past week has been the resilience of the euro in the face of the underlying developments of the sovereign debt crisis. This could well be repeated later today when Ireland publishes the results of the latest stress tests on its banking sector, where nationalisation of … “The worsening debt threat under the euro”
Job Gains To Continue at Same Pace? Non-Farm Payrolls
The U.S. Bureau of Labor Statistics will release the famous Non-Farm Payrolls figure on Friday, April 1st. The numbers aren’t expected to be too amusing though. Despite another expected improvement in the American job market, the big picture isn’t too good. A big leap is necessary for boosting the greenback. Here’s a preview of this … “Job Gains To Continue at Same Pace? Non-Farm Payrolls”
FX Crosses Video: Is Euro headed lower against the
Hello traders! The FX market has seen some powerful moves over the past few days especially on Aud/Usd, which reached new highs around 1.0300. Well, Australian dollar has also strengthened against the other currencies as well, such as Eur per example, since Eur/Usd remained trapped in 220 pip range. The Eur/Aud lost 700 pips in … “FX Crosses Video: Is Euro headed lower against the”
AUD/USD At Resistance, Pull-back to come
AUD/USD reached new highs during Asian session, and now we have five waves up from the 0.9700 lows. We don’t know which degree this impulse is, maybe wave 1) of wave (5), or maybe the pair is already trading on the end of a bull market. However, what we want to point out is that … “AUD/USD At Resistance, Pull-back to come”