Category: Forex
Dow Jones Industrial Index – Interesting Fibonacci relationships
During the weekend I was playing around with some different ideas I had for the long term view of the Dow Jones Industrial Index and stumbled over some very interesting Fibonacci relationships.Beginning at the 1932 bottom the first important high was i…
Forex News – Euro jumps on improved German Ifo
Euro jumped against the dollar after the German Ifo index rose more unexpectedly in March.
Germany’s [...]
Elliott wave and technical analysis on EUR/USD; GBP/USD; USD/JPY and EUR/JPY
EUR/USD – The expended flat correction we have seen from 130.77 could be over with the slight false break above 132.91 (the new high was 132.93), which also means that my target-area between 132.92 – 133.22 was tested. However we need a break below 132…
Forex Asia Review – Yen weakens; USDJPY rebounds
Yen weakened against the dollar and most of its major counterparts ending its recent rise [...]
Forex Review – Dollar weakness lifts euro and commodities
Dollar showed weakness going into the U.S. trading session, declining against the euro and growth [...]
Forex News – U.S. new home sales unexpectedly decline in February
The dollar jumped against risk currencies like the euro immediately after weaker -than-expected new home [...]
Forex Market Review – Euro rises above $1.32
Euro climbed to a three-week high against the dollar during European trading hours to claw [...]
Contrarian Cover Indicator
Is this a Contrarian Cover Indicator? I don’t know, but The Atlantic calling Ben Bernanke “THE HERO” could well be a warning that FED is about to fail in a big way.
Elliott wave and technical analysis on EUR/USD; USD/JPY; EUR/JPY; USD/CAD; The VIX Index; DJI and SSEC
EUR/USD – We saw a clear break below 131.71 yesterday, but the decline from 132.84 has clearly been in three waves and the first and second declines where almost equal in length, which always raises the danger-flag. A break above minor resistance at 13…
Forex Asia Review – Yen ends rally, USDJPY rebounds
USDJPY trimmed losses from Thursday following a sharp decline due to flight to safety amid [...]
