The 4H chart shows the GBP/JPY agreeing with an impulse wave development. The RSI broke above 70 a couple of times signaling a strong trend. There is also a break above 135.00 pivot which has an upside target of 138.00 as seen in the daily chart. The daily chart also shows a swing projection towards 140.30…
The EUR/JPY has been bullish and getting close to the anticipated target of 119.64. This 4H chart shows a swing projection without the long tail, towards 119.65. This is a key pivot seen in the daily chart and we can expect some resistance here. There is also a larger swing projection towards 122.20, but we should anticipate a correction before that as we are in the overbought zone in the RSI…
Since the last look at EUR/CHF the market did indeed complete an (a) wave and then a (b) wave, and is likely now on a (c) wave. If there is wave equality, we can have 2 targets, 1.3130 as the conservative and 1.3280 as a more aggressive one. Looking at the daily chart, we also see a pivot just above 1.30, and channel resistance at 1.32…
The GBP/USD can be seen in the 1H chart developing a bullish divergence as the market attempts to satisfy a negative reversal target. (swing projection to 1.6050.) The RSI in the 4H chart is below 40, but has not tagged 30 to show bearish momentum. Below 30, the RSI reflects medium term ranging action. If not, we have more bullish bias…
The AUD/USD is testing the 1.0255 record high. We are also completing an impulse wave as the RSI reaches above 70. At this level, we can expect some correction. The RSI breaking above 70 is a bullish sign for the medium term, but the near to short-term dynamic might be a correction to this overbought signal…
The bullish breakout is developing in further rally as anticipated yesterday. The first target between 1.4100 and 1.4130 has been reached. This rally has bullish momentum confirmation as the RSI in both the 4H and 1H charts broke above 70 although the 4H RSI is still just kissing it. The next target is the 1.4280-1.43 resistance area…
The USD/JPY has been building a base and did rally in an impulse wave manner from 81.60, breaking above a declining trendline and the SMA 200 in the 4H chart. The RSI reflects no more bearish momentum, but the bullish momentum is not there yet. Today’s decline can be part of a corrective decline, which should be 3 waves…
The EUR/USD in the lower time-frames are subject to noise around the Non-Farm Payroll. However the 1.40 level remains an important resistance. On the downside, a bearish scenario can be considered below 1.37 to go to 1.3550. Below that 1.3420 area is the target. The upside remains as previously stated. Above 1.40, we are looking at 1.4280.
We start in the 4H chart of AUD/CAD where we are seeing a descending triangle, which has a slightly bearish suggestion. Also the RSI has tagged below 30, and failed to kiss 70, and if it is returning below 40, it should reflect a bearish attempt in the short-term. Looking at the structure, we see that on the left side, we have…
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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