USDJPY Elliott Wave Analysis: Bearish Continuation
As expected, USDJPY extended its weakness and even accelerated to the downside in this week. A sharp move like this is personality of an impulsive price action so market should remain bearish for a decline back to 100.74 and probably even to 100 area afterwards, especially if we consider a completed corrective rally at 104.11. However, corrective moves and pullbacks will always occur, so be aware of short-term rally in the next few sessions before downtrend may resume
Going Long EURCHF As It Has Pulled Back to Support
EURCHF has pulled back to support -- a major support level established when the Swiss National Bank declared it would defend the 1.20 level on EURCHF back in
USDJPY Could Rally While 10 Year US Treasuries Are Moving Lower – Elliott Wave
USDJPY 4h Elliott Wave US Bonds were trading lower in the last two sessions after the minutes of the Federal Reserve showed that most policymakers still favor a tapering
Elliott Wave Forecast: US Bonds Could Turn Into A Correction
30Year US Bonds daily I hate to say this again, but major pairs on the FX market place still have a very unclear price action and no direction
The Pre-Trade Checklist
I believe all traders should create a trading plan, a document which lays out exactly how they will trade. The trading plan tells the trader what strategies to
The Dire Effects of an Obama Victory
Dollar Dollar to stay strong The win for Obama may increase the trader’s appetite to take risks for the short term but along with it will raise the risk
U.S. Dollar – Review and Outlook
We believe that continued U.S. dollar weakness may be a consequence of the diverging monetary approaches central banks are taking around the globe. While many international central banks
ECB Takes Away Punch Bowl
Today, the European Central Bank (ECB) raised its main refinancing rate by 0.25% to 1.25%. Today, the European Central Bank (ECB) raised its main refinancing rate by 0.25% to
Weekly review for 11.04 – 15.04, 2011
EURUSD The pair has broken channel line and risen to 1.44835. The pair may roll back to 1.42551 before continue rising. EURUSD The pair has broken channel line
Weekly review for 04.04 – 08.04, 2011
The beginning of the previous trading week saw the strong euro growth against the US dollar, which continued during the whole week. Reinforced expectations for
ForexHound Traders Corner
