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

Continue Reading...

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