Category: Forex Trading
The analysis published under this category are as follows.
Tuesday, April 20, 2010
Dollar-Yen YCS ETF Heading Higher / Currencies / Forex Trading
By: Mike_Paulenoff
It is fascinating to me that USD/Yen (dollar up, yen down) hit its most recent rally peak at 94.80 on April 5 – two weeks ago – and looks like it completed a correction at yesterday’s low of 91.60. What is so fascinating about? In the financial world we currently find ourselves, equity weakness (i.e., certainly the type that was triggered last Friday by GS) and fear of the unknown still attracts money into yen (from dollars), which occurred only last Friday.
Friday, April 16, 2010
EUR/CHF Trying To Reverse / Currencies / Forex Trading
By: Seven_Days_Ahead
Earlier this year, following a clear break lower, it looked as though bears in the EUR/CHF cross rate were running out of steam. However, a second wind saw a fresh move south which does, in fact, look like a blow-off move, with recovery prospects improved.
Friday, April 09, 2010
The Yen and the Euro’s weakness / Currencies / Forex Trading
By: Seven_Days_Ahead
The Technical Trader’s view:
Thursday, April 01, 2010
EUR/JPY Base Now Complete / Currencies / Forex Trading
By: Seven_Days_Ahead
In a recent Update we noted that bears in the EURJPY cross rate were looking tired, although nothing bullish had been signaled at that stage. Latest action, however, has seen a short term base complete, with a bull signal now in place.
Tuesday, March 30, 2010
Forex Market Signals from Commodities and LIBOR / Currencies / Forex Trading
By: Ashraf_Laidi
The impact of interest rate differentials on FX is highlighted by the fact that the correlation between EURUSD and GE-US 10-year yields is now at +0.90, the highest since June 2007. Global bond yields may be rising across the board but the 10-year yield differential between Germany and the US continues to deteriorate for Germany, hitting 3-year lows at 0.73%.
Friday, March 26, 2010
USD/JPY Bulls Straining at Their Leash / Currencies / Forex Trading
By: Seven_Days_Ahead
Last November saw a bear break that, in the end, amounted to a type of blow-off move, with subsequent quick recovery putting the bulls in contention once more. However, there were key resistances to overcome, and one of which has just been violated…
Wednesday, March 24, 2010
CHF Remains Undervalued vs. Gold / Currencies / Forex Trading
By: Daniel_Bruno
Large specs bearishness oversold snb probably a currency manipulator.
Chart i correlation study decline from 95% to 62% since jan. 2009, franc lags gold rise positive correlation historically strong chart ii sentiment cot large speculators usually reverse direction from current levels 1% spikes in usdchf within a few hours such as the morning of march 24 probably snb anti-deflation intervention
Friday, March 19, 2010
EUR/USD Recovery Off 61.8% Support Feeble So Far / Currencies / Forex Trading
By: Seven_Days_Ahead
We last looked at EUR/USD when the downmove was approaching a 61.8% retracement/ support level. It has proved effective in halting the bears but there has so far been a lack of enthusiasm to push through first key resistance and set in motion a better recovery phase.
Friday, March 12, 2010
Potential Support in EUR/JPY Towards 76.4% / Currencies / Forex Trading
By: Seven_Days_Ahead
A bear move finally got going this year, after a prolonged choppy period in 2009. There are, though, signs that bears could be temporarily tiring now, so we begin to look closer for a recovery phase.
Friday, March 05, 2010
EUR/CHF Bulls Waiting in the Wings? / Currencies / Forex Trading
By: Seven_Days_Ahead
After a dramatic breakdown at the end of 2009 the move lower has notably slowed this year. Clear technical support has recently been found, but bulls so far remain reluctant to move from the shadows.
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Tuesday, March 02, 2010
Euro Dollar Cross Currency Analysis / Currencies / Forex Trading
By: INO
We ended 2009 with the overriding consensus that the dollar was going to be under pressure and keep moving lower against the euro. Well guess what, the euro proved to be even weaker than the US dollar as it moved to levels not seen since May of 2009.
Monday, March 01, 2010
The Crowd Is About to Get Destroyed in Currency Trading / Currencies / Forex Trading
By: DailyWealth
Porter Stansberry writes: Several weeks ago, I was invited to a client meeting in Miami held by the wealth-management firm AllianceBernstein.
Bernstein's investment research has long been regarded as the best on Wall Street.
Monday, February 15, 2010
USD/CAD Still Trying To Base / Currencies / Forex Trading
By: Seven_Days_Ahead
After the 2009 decline clear support has been emerging from above the 1.0200 level. The signs are promising for the bulls, but they still require an extra effort before a base can be said to be complete.
Thursday, February 11, 2010
Euro Bearish Congestion / Currencies / Forex Trading
By: Mike_Paulenoff
The headline in the WSJ (online) reads: "EU Leaders Agree on Support for Greece," but the sub-header tells us that "Euro-zone countries will provide coordinated action if needed to preserve stability." Ok, then... Let's look at the reaction of the Euro to this "agreement" to provide a financial assistance package to Greece: where IS the reaction? I certainly don't see one. Technically, EUR/USD remains in its 5-session range between Fri.'s low at 1.3585 and the high for the recovery rally at 1.3840, which right now has the look and feel of a sideways, bearish congestion area ahead of downside continuation.
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Friday, February 05, 2010
EUR/USD, What Moves You? / Currencies / Forex Trading
By: EWI
Vadim Pokhlebkin writes: It's not the news that creates forex market trends -- it's how traders interpret the news.
Friday, February 05, 2010
Forex Bulls Eye Next Target in US Dollar Index / Currencies / Forex Trading
By: Seven_Days_Ahead
The expected recovery in the US Dollar is now nicely underway. With a second upleg in process our focus is on the next target/resistance area, where the uptrend is likely to pause.
Wednesday, February 03, 2010
Forex Forecasts for Nine Currency Pairs / Currencies / Forex Trading
By: EWI
Elliott Wave International have made available FREE Access to their PREMIUM intraday and end-of-day Forex forecasts to the Market Oracle readership right now through next Wednesday, February 10.
Friday, January 29, 2010
Second Upleg in USD/CHF Well Underway / Currencies / Forex Trading
By: Seven_Days_Ahead
A recovery in USD/CHF in December provided an initial bull sign and current expectations are for a continuation higher, with some interesting resistance then likely to interrupt proceedings.
Wednesday, January 20, 2010
Euro's Bearish Dead Cross (or Achilles Heel) / Currencies / Forex Trading
By: Ashraf_Laidi
EURUSD's 50-day moving average has now fallen below its 100-day MA, which is referred to as a dead cross. As shorter duration moving averages (faster gauges of trend) move below their longer duration averages (slower gauges of trend), a downtrend is said to be confirmed. Momentum traders, trend-followers and black box programs will tend to trigger fresh moves as these major moving averages upon the trigger.
Monday, January 18, 2010
USD/JPY Bulls Pause for Thought / Currencies / Forex Trading
By: Seven_Days_Ahead
The downmove in 2009 culminated in an acceleration in November, below prior 87.11 Dec-08/Jan-09 lows, which seemed to justify a bearish stance. However, an equally rapid recovery led us to think that we might have seen a blow-off move, and subsequent action supports this view – s/term weakness may not, therefore, be long-lasting.