Capital3x technical updates on EUR/JPY and ES (SPX Emini futures) It is incredible how Falconfx survived the post NFP noise to continue to be short. Look carefully and Falconfx was always short once it gatecrashed -1. Post NFP it did scrap 0 line but just about before reversing full speed. It is well short. The [...]
Traders and reporters are buzzing about the crude oil collapse. Since crude has been leading equities, don’t expect equities to hold their lows. The early week plan is to short a small AUDUSD bounce.
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386 , 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430 (published on 23.10.2008) . Support (daily close) [...]
Markets remain on the defensive with the low yielders outperforming in early US trade. Key levels we will be trading on USDJPY and NZDUSD.
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.0550 is still possible. However, a clear break below the trend line will indicate that a cycle top has been formed at 1.0474, and the [...]
Speculators have flipped to a long British Pound position. In a trending market this is bullish but the GBP has been in a range since the 2009 low.
EURUSD failed to break below 1.2975 key support, and traded in a range between 1.2975 and 1.3486 for several weeks. Lengthier sideways movement in the range could be expected next week. Another fall to re-test 1.2975 support would likely be seen after the sideways movement, a breakdown below this level could signal resumption of the [...]
A bottoming process in the US Dollar (topping process in credit inflation) is underway. The keyword is process, which connotes the passage of time. Being too early is as bad as being too late if you are trading FX. Keep this in mind as you study the charts
Today’s updates will focus on key charts and analysis from bond markets and over to forex setups and commodity markets. This is an exclusive update for fxstreet and hence will include *some* charts and analysis from the premium section. ES continues to find support at lower end of BB on the hourly at that crucial [...]
A review of trends and key levels is in order ahead of tonight’s Bank of Japan rate decision. Think like a trader, not a reporter. Don’t chase rumors or spikes and always determine your risk BEFORE acting on an idea.
