The New Zealand Dollar is wedged in an increasingly narrow range below a trend line capping gains against its US namesake since late October. A daily close above 0.7595 (38.2% Fibonacci expansion, trend line) exposes the 50% level at 0.7658. Alternatively, a turn below trend line support at 0...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, and NZD/USD. EUR/USD: tested above 1.1000 a few times and are is now back at the very low end of the recent range. We expect the heavy tone to remain intact and will keep playing this accordingly...
The British pound was seen trading lower against the Japanese yen, as the latter one was bid across the board. Plus, the British also weakened in the short term igniting downside reaction in GBPUSD, GBPJPY...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 1.4634 support level on W1 timeframe with good signal for the downtrend to be continuing...
The U.S. Dollar Index measuring the greenback's performance against its counterparts has risen about 25 percent from a May 6, 2014, low as investors expect the U.S. will outpace its trading partners and the Fed soon will raise interest rates while other countries retain an easy stance...
- Eurogroup disappointed with progress in Greece. The last meeting of the Eurogroup has been called "shocking", Greece asked for money "as a taxi driver," according to FAS with reference to resources. Greek Finance Ministry claims that this message is not true...
EURUSD rolled over at slope resistance but several longer term technical observations are worthy of note; the rate found low at an important long term level (line off of 2008 and 2010 lows). The speculative crowd has never been more bearish…ever...
D1 price is on primary bearish with secondary breakdown for trying to cross 1...
US Dollar - "Patience may wear thin for those holding USD-long positions rather quickly; recent CFTC Commitment of Traders data showed large speculators were their most net-long US Dollar versus the Euro (short EUR/USD) on record...
Former Federal Reserve Chairman Ben Bernanke has taken to blogging and has already caused quite a splash tackling some of the crucial economic questions facing the world today. Last week he attempted to tackle the issue of the significant German trade surplus...
Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner...
The US Dollar continued to move higher against the Japanese Yen as expected after taking out the top of a Flag chart pattern. A daily close above the 38.2% Fibonacci expansion at 120.68 exposes the 50% level at 121.41...
In this article I will provide my view on the EUR/NZD, AUD/CHF and the GBP/USD. These are the pairs that I am currently interested in or was interested in last week for trading with the FxTaTrader weekly strategy...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.7189 support level and 0.7695 resistance level on W1 timeframe. AbsoluteStrength indicator and TrendStrength indicators are indicating the ranging market condition. “NZDUSD traded to the 61...
Regarding the last week’s forecast, we ought to admit that the Forex market cannot succumb to panic...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week which is then followed by my Review on the Hybrid Grid strategy...
Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists? (EconoMonitor) How tech billionaires are using money and data to solve for death (Washington Post) The Secret Sauce: How Buffalo Wild Wings Turned the Sports Bar Into a $1...
Let's get to some good old fashioned wave counting. The EURUSD is in a clear downtrend, however the 15min chart suggests modestly higher levels when the session starts Sunday afternoon (US). This should bring about a good opportunity to sell. Look for Fibonacci and wave iv resistance at 1...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 0.7532 support level on W1 timeframe. W1 price is ranging between 0.7532 support and 0.7937 resistance levels. AbsoluteStrength indicator and TrendStrength indicators are indicating the ranging bearish market condition...
