EUR/USD: Daily H&S pattern about to be triggered
The strong bearish momentum seen in EUR/USD this week, has put the pair under risk of massive selloff as price is approaching a key support level, the neckline of a H&S figure around 1.2750.
USD/JPY: Still well bid and looking for 105.00
Past week break above 100.00 was the trigger market was waiting for another round of USD/JPY gains...
An Aussie Spanking Is Preferred Over A Timid EURO
Yesterday's disappointing US data (weekly claims, Philly Fed and housing starts) are renewing the debate...
Next week economic releases you don't want to miss
This week has proved again that fundamental news are not even close to move the market, when sentiment leads: investors are turning towards the US and the possibility of tapering QE as soon as this summer...
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| Pair | Average levels | ||
|---|---|---|---|
| 1 Week | 1 Month | 1 Quarter | |
| EUR/USD | 1.2821 | 1.2898 | 1.2867 |
| GBP/USD | 1.5255 | 1.5185 | 1.4974 |
| USD/JPY | 102.53 | 101.21 | 102.98 |
| USD/CHF | 0.9675 | 0.9626 | 0.9733 |
EUR/USD: Long dollar bias pared for the second consecutive week in the euro.
GBP/USD: Adding credence to the cable’s bearish profile is the long-term forecast below 1.50.
USD/JPY: USDJPY aspirations of moving higher are capped in sentiment readings: 102.53 is next week's target. However, 101.21 is the monthly price.
USD/CHF: The persistent lack of faith in this $bull market is exactly what fuels the Swissy.
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Letting Go – Surfing The Markets
Steve Ward − In this months podcast I share some thoughts and insights from the excellent documentary 'Letting Go' about legendary pro surfer Kelly Slater's bid to win a world tour title after a seven year gap.
Carol Harmer
- How we can use diverging indicators to take advantage of volatile markets....
Steve Ruffley
- Theory is good, but practice is even better for a trader to learn. Join Steve Chief market strategist at Intertrader.com for some real time...
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CoT Report at FXstudies by Gonçalo Moreira
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#2 Brandon Wendell, CMT - Gap Play in Forex
#3 Andrei Knight - Institutional Trading Strategies
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