The last time the Fed announced a large expansion of its balance sheet, back on March 18, 2009, the euro peaked over several days and then declined about 700 pips before going on a run which would last until investors first became nervous about Greece in December. I?ve been thinking for a while about why [...]
This daily overview video features a technical analysis of the major currency pairs following the excess volatility demonstrated by the Forex market yesterday. Posted on Forex Video Zone.
EURJPY Forecast The EURJPY continued its bullish momentum yesterday, topped at 114.89 and closed at 114.51. The bias remains bullish in nearest term testing 115.65. Immediate support at 113.75. Break below that area could lead us to neutral zone in nearest term but I think we are in a new bullish phase here. GBPJPY Forecast [...]
EURUSD Forecast The EURUSD continued its bullish momentum yesterday, topped at 1.4151 and closed at 1.4125. The bias remains bullish in nearest term testing 1.4158. Clear break above that area could trigger further bullish momentum testing 1.4220/50 before targeting 1.4375 ? 1.4400 region. Immediate support at 1.4060. Break below that area could trigger further bearish [...]
?YOU are the most important factor in your trading success! You create the results you want.? ? Dr. Van K. Tharp Hello: This is an update on some of the movements on the markets and what I?m doing about them, plus my losses and profits. The analyses are based on daily charts, looking at the [...]
GBPUSD Forecast The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could [...]
USDCHF Forecast The USDCHF continued its bearish momentum yesterday. As you can see on my h4 below price slipped below the bullish channel indicates a serious threat to the bullish outlook testing 0.9650 ? 0.9600 support area. Immediate resistance at 0.9800. Break above that area would keep the bullish scenario intact testing 0.9877 ? 0.9928 [...]
USDJPY Forecast The USDJPY still trapped inside a range area without a clear direction and consistent momentum so far. The bias remains neutral in nearest term. Expected range at 81.95 ? 80.24, but still with more downside bias. 81.95 level could be a good place for a short position. Good downside target (80.24 ? 79.70) [...]
www.ForexCoachingPros.com http Stephen Story (Forex Trader, Coach, Author) discusses some useful tactics in dealing with some of the unpredictable anomalies of the Forex market.
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