The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week. Price action was heavy, but the market bounced up from near a previous support pivot at 0.8280. Note that the 61.8% retracement of the wedge pattern was nearby at 0.8290. This pullback came up to test the 200 simple moving average in the 4H chart, cracked it, but then was rejected immediately…
The EUR/GBP is declining in the short-term falling from a wedge pattern resistance since Friday. The week started respecting the 1H 200 simple moving average as seen in the hourly chart, but is now cracking it heading into the 1/31 US trading session as well as making a new low for this week. A swing projection targets 0.8325 in the very short-term term (in the US session)…
The 4H EUR/GBP chart shows a strong start to this week, bouncing off a projected trendline support seen in the 4H chart. The RSI also bounced off of 40, and is pushing back above 60, a reflection of bullish momentum maintained in this time-frame. Price action has 0.8375 as a flat resistance of an ascending triangle pattern. A break above 0.8375 opens up the 0.8420 pivot…
The EUR/GBP has been recovering since finding support at 0.8220, below the 2011 low of 0.8280. The rally was rejected at 0.8370 (0.8364 is 23.6% retracement of 0.8830-0.8220 swing). That rejection resulted in a very strong bearish candle, reflecting the dominance of the bears in this market. However if the high of this bearish candle then gets taken out…
After breaking below the 2011 low at 0.8280, the EUR/GBP fell to 0.8220 before finding support for a recovery attempt. The corrective rally so far has tagged 38.2% retracement (of the 0.8370-0.8220 swing) at 0.8277. This basically coincides with the 0.8280 level, which is now looked at as resistance. The 1H chart shows a the RSI reading attempting to break 60…
After a few days of consolidation to start the new year, the EUR/GBP fell sharply, breaking below the 2011 low at 0.8280. The decline touched 0.8263 before we see a strong 1H candle suggest a pullback or at least a sideways consolidation, especially now, as we end the US trading session. The RSI reading in the 1H chart fell below 30, and price was trading at the bottom bollinger band…
The EUR/JPY has found support at about 101.00 after a recent decline that started 10/31 from about 111.65. The 4H chart shows the market in it’s consolidation from the latest swing from 105.67 down to 101.03. We don’t even have 38.2% retracement yet but the market is already struggling, failing to break the pivot at about 102.50 (established 11/25)…
By: Dima Chernovolov EUR/GBP is moving inside the high Quality Down Channel chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this Down Channel at the 8 bar level as a result of the high Initial Trend and Clarity (both measured at the near maximum 9 bar level) and…
The EUR/GBP has been persistently bearish since breaking below consolidation support near the 0.8495 level. The bearish signs in the daily chart include pushing the RSI below 30, and the moving averages spreading apart (this also reflects an acceleration in the downswing). This bear run has now entered a key support cluster. 1) 0.8280 is the 2011 low…
The EUR/GBP is consolidating above 0.8370. The 1H chart shows the market anchored into a channel with a subtle upside bias. However, the RSI has not been able to sustain a break above 60, suggesting maintenance of the bearish momentum. Still the RSI has been held above 40 as well, reflecting a sideways market. The 1H chart shows the market now trading near the channel support…
RT @MarvellousR8kie @alaidi Thank you very much for the valuable insights. Great seminar. Thks for coming ! #forex
A MUST For Anyone who Trades FX! Free e-book from BK -Don't Trade Like Tony Montana FX http://t.co/WTBAVCeZ .03
$GBPUSD 240-minute swing entry update video walk-thru http://t.co/Gd2ELB55 #forex $$ $GBPUSD Follows-Through as Greenback Slides Towards Psych Level http://t.co/wVNJGzNH #forex $$ Sandy kicking off the seminar, Ill take over at Noon http://t.co/xrZdNmNC #forex $SPX Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex
Thank you kindly! Have a great weekend. @SE1_Trading @LeeGrins @aussietorres @knmtechnology @esanchez81 (cont) http://t.co/mwArOhWy
Need to launch changes on DailyFX so US traders can watch videos. May take a few days. Meantime US viewers can go here: http://t.co/z54gnUQY Weekend Video (now available to US viewers): AUDUSD and Dow Clear Resistance Post NFPs, EURUSD Anchored http://t.co/eDfHlafs And, there were no fireworks in US crude positioning this past week. But then again, oil held congestion http://t.co/XOKxCq4l We had a notable jump in the net long interest in gold this past week. Feeding into the metal's upswing. http://t.co/9Q5FNffe We've noted the divergence between S&P 500 price and volume. Add to that net speculative positioning. http://t.co/PHLpdOMi We talk about the short-cover potential in EURUSD, but what about the unwinding of this big $AUDUSD long buildup. http://t.co/uHep6hbe In the meantime, here is the $EURUSD versus the net speculative Euro interest. A lot more room for covering here.. http://t.co/d7P0JHsa
weekly http://t.co/FjE1lFRL i WILL be online sunday night during the super bowl after I smoke my ribs on the grill #forex Yet another Friday where $EURUSD is rallying into the close on spec that Greek deal will be done. The US Dollar Index fell far behind this recent build up in net speculative positioning in dollars. http://t.co/vMcNiXT7 Here's the Dow Jones Industrial Average and its respective volume lull as well. http://t.co/e2X4CbFK Too much to expect a multi-month high close on the $S&P 500 to garner greater turnover. http://t.co/vnF8MqmY
Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed Best performing currency pair today is CADJPY +1.11%, Worst performing is EUR/CAD -0.60% RT @kathylienfx: @Fxflow Congrats on cracking above 8k// thanks K Flow Rules! :) crosses http://t.co/sTJIEdld better opportunities here (still) than in usd imo Awesome Timetable on Greece courtesy of WSJ. Print it out or save the link http://t.co/RnUs2EYX ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break EUR net short positions down 8 percent - confirming that shorts were "squeezed" over the past week That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble.
This is the stand out figure IMO RT @djfxtrader: Net Yen Long Position $9.3 Billion Increases 30%,according to analysis of CFTC data #forex Here's the risk-trend alternative to the cable channel: $AUDUSD blowing through the potential triple top at 1.0750 http://t.co/q4EgQK8n
#FF The young ones in FX @Hew_Dat @stephensimonis @Lawrence_Fayman @josephrichman @Rebelgt09 @jaredboydfx You can't use rate expectations for the BoE, so here is $GBPUSD versus the UK-US 10yr yield differential. http://t.co/0pq2FBfE We're talking the spread of a crisis state from Greece to Portugal, but Portuguese CDS have pulled back recently. http://t.co/KQ85ZFYl Fed ZIRP 'less' ZIRPy -time for ECB/BoE/BOJ/SNB to play catchup (mkt weighing adj in rate diffs w/risk app)..balance sheets ready to implode
@JamieSaettele thanks buddy!..yep 161.8% projection of wave 3 vs 1 - kiddie stuff :-) Can u believe I will ACTUALLY be watching the Superbowl Sun? Usually I'm at a rest bc its the BEST day of the yr to get those had reserv!
Do now that we're all on LinkedIn, what happens? Do we all get raises? Or do we all hire each other? An hour an change left for the official NY trading session. Looks like we will hold onto these breaks for next week. You can definitely tell those officials that are irked by the 2014 FOMC hold call. Bullard says it was wrong to link it to a specific time. Our clients at Aspen have 1.0820 limits to take profits in AUDUSD to go flat for +225 pip trade. Feds Bullard says Fed may have to raise rates before 2014 and strong data weakens case for QE. He is a non voter on FOMC
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