Home » Archives
Gbp Follows Equity Momentum Up and Down
Written on 27 Apr, 2010 at 22:39 in Forex | viewed 77 times | 0 Comments
Apr.27.2010 After being the bullish solo star of the show on Monday, it was the turn of Gbp to move lower against the Usd on Tuesday, and pull the rest of the major currencies lower in its wake. There was no major reasons behind the moves seen overnight, outside of realignment ahead of the upcoming [...]... (Continue reading)
Major Pairs At Major Swing Points
Written on 23 Mar, 2010 at 22:59 in Forex news | viewed 59 times | 0 Comments
Mar.23.2010 Euro: Price action bounced off the 1.3450 area in Monday trade, but the daily trend and momentum reads remain in short mode. This near-term retracement is positive for the current downtrend, since it will reveal the strength of selling resolve in holding the trend. A break below the 1.3450 area will probably send the [...]... (Continue reading)
Gbp/Usd Bearish view
Written on 23 Mar, 2010 at 22:51 in Forex technicals | viewed 73 times | 0 Comments
Mar.23.2010 Elliott Wave Charting: Gbp/Usd The Gbp has been one of the weakest currencies over the past few days, after the pair fell by more than 440 pips. The move was very sharp and extended, and was reversed by upward price action that is still developing. We are looking for a higher red wave 2)/B) to complete somewhere [...]... (Continue reading)
Euro and Cable Looking To Separate
Written on 18 Mar, 2010 at 23:11 in Forex news | viewed 47 times | 0 Comments
Mar.18.2010 Euro: Price action is currently in a near-term downtrend, after it failed for four consecutive days to break above the 1.3800 area. In intra-day trade, the Eur/Usd might find some support in the 1.3600 area, near the 20-day moving average. Additionally, the 1.3600 area was the main swing point of the last few weeks [...]... (Continue reading)
Cable Outlook- Post Rating Downgrade Threat
Written on 15 Mar, 2010 at 20:07 in Forex technicals | viewed 54 times | 0 Comments
Mar.15.2010 Cable: The pound was, again, the weakest currency overnight, following a pattern recently that has sustained itself well. Gbp/Usd plunged +100 pips during the European session after Moody’s issued a report saying that the U.K. AAA rating is safe for now, but things might change in the future. The U.K. is currently running a huge current [...]... (Continue reading)
Cable Snaps On Credit Rating Threat- Who Next?
Written on 15 Mar, 2010 at 18:55 in Forex news | viewed 42 times | 0 Comments
Mar.15.2010 The major currencies have shown some signs of weakness against the U.S. dollar overnight, but the pound is the only one that posted substantial declines. The other major currencies have posted only limited declines that could be easily turned around later in the session The current episode of dollar strength/major weakness comes after the [...]... (Continue reading)
Cable Bulls Get Momentum Without Price Action
Written on 11 Mar, 2010 at 22:54 in Forex technicals | viewed 46 times | 0 Comments
Mar.11.2010 Price action on cable has been the weakest of any pair over the last few weeks of trading, but right now, it appears that has formed a swing point low in the 1.4900 area. This should support the pound over the upcoming sessions, and could allow it to test the 1.5450 area. A break [...]... (Continue reading)
Risk Bets Are On- Again
Written on 3 Mar, 2010 at 1:55 in Forex news | viewed 70 times | 0 Comments
Mar.02.2010 Investor optimism over a resolution to the sovereign debt problem in Greece and improvements in the U.S. economy are helping to boost U.S. equity markets following a change in trend to the upside on Monday, says Brewer Futures Group. Catch Brewer Futures, and TheLFB trade team on ForexTV Live. Traders expect the trend to continue [...]... (Continue reading)
Euro Bulls Head Higher
Written on 3 Mar, 2010 at 1:52 in Featured Article | viewed 67 times | 0 Comments
Mar.02.2010 Aggressive buyers stepped in and shorts covered some of their positions to stop a potential acceleration to the downside after the Euro briefly pierced its recent main bottom at 1.3443, says Brewer Futures Group. Catch Brewer Futures, and TheLFB trade team on ForexTV Live. The strong recovery took the EUR USD higher, putting it in [...]... (Continue reading)
European Pairs Suffer Wall Street Worry
Written on 3 Mar, 2010 at 1:41 in Forex news | viewed 59 times | 0 Comments
Euro: The four hour trend is Short. Price action is stuck ahead of the ECB Thursday rate decision on Thursday. The 1.3460 and the 1.3650 areas are important swing points, with 1.3750 the upside target. News that the EU are tangibly addressing the Greek debt issue should help the pair. Momentum is weak. Daily Chart: [...]... (Continue reading)
