EURJPY Forecast The EURJPY had a significant bullish momentum yesterday, violated the bearish channel to the upside as you can see on my h4 chart below indicates a serious threat to the bearish scenario and potential bullish outlook testing 113.75 and 114.65 area. Immediate support at 112.25. Break below that area could trigger further bearish [...]
EURUSD Forecast The EURUSD had a bullish momentum yesterday, topped at 1.4057 and closed at 1.4032. On h4 chart below we can see that the major bearish channel has been violated to the upside indicates a serious threat to the bearish outlook and potential bullish continuation re-testing 1.4158 area. However we haven?t seen consistent momentum [...]
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Simultaneous Release at TheGeekKnows.com ? Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas! A tired koala i am. Sleepless night and i managed to clock only 4 hours. This is almost as bad as entering a position only to have it reverse on me immediately! Arrghh. Yesterday brought us better than [...]
G-20, Stocks, German Data Boost Higher Yielders Monday – November 9th, 2009 Recap: Following up on our Morning Brief, we go over the important data from Germany and look at the NY sessions changes in the Pound and Canadian Dollar against the US Dollar. News Provided by CMS Forex www.cmsfx.com Analyst Nick Nasad Open up [...]
Bernanke reiterated what we already know, that quantitative easing is coming, but he didn’t offer new specifics. The Dollar fell following his speech, but then rebounded in NY trading on profit taking and some risk aversion in US stocks. We leave this week with the Dollar near parity against the Australian and Canadian Dollars, and [...]
USDCHF Forecast The USDCHF continued its bullish momentum yesterday, topped at 0.9970 but closed lower at 0.9918 and keep moving lower around 0.9907 at the time I wrote this comment. The bias is bearish in nearest term testing 0.9877 and 0.9800 but as long as price moves inside the bullish channel the major bullish scenario [...]
USDJPY Forecast The USDJPY attempted to push higher yesterday, topped at 81.41 but closed lower at 80.57. The bias is neutral in nearest term but overall we are still in a strong bearish outlook at least testing 79.70/50 area. No significant new technical moves so far and the movement remains boring. Immediate resistance at 80.85 [...]
GBPUSD Forecast The GBPUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall we are still in a major bullish scenario re-testing 1.6105. Clear break above that area could trigger further bullish scenario testing 1.6230/50 area. Immediate support at 1.6000. Break below that area could trigger [...]
EURJPY Forecast The EURJPY slipped above the bearish channel yesterday, but so far still able to move inside the bearish channel indicates the major bearish scenario remains intact. I think we could still see further upside attempts re-testing the upper line of the bearish channel and 112.75 resistance area but only a clear break above [...]
