USDJPY Daily Forecast: November 09
November 8, 2009 by FX Instructor · Leave a Comment
USDJPY Forecast: The USDJPY had a significant bearish momentum on Friday. On h4 chart below we can see that my new trendline support (red) has been violated to the downside indicating potential bearish view with 88.80 as potential technical target. However, CCI in oversold area and heading up on h4 chart so watch out for [...]
USDCHF Daily Forecast: November 09
November 8, 2009 by FX Instructor · Leave a Comment
USDCHF Forecast The USDCHF also made indecisive movement on Friday. On h4 chart below we can see that price still struggling around my lower line of range area around 1.0166. This fact indicating consolidation, but I still prefer bearish scenario. However we need a consistent move below 1.0166 and below my new trendline support area [...]
EURUSD Weekly Summary: Bullish paused after NFP and unemployment rate. Technically upside scenario remains intact.
November 6, 2009 by FX Instructor · Leave a Comment
The EURUSD bullish momentum was paused after worse than expected NFP and unemployment numbers. However, I think yesterday’s movement was indecisive. I am not sure whether that was caused by not enough surprise between expected and actual number or lower NFP and increasing unemployment rate already anticipated and priced in the market. Overall, I personally [...]
EUR/USD eases off
November 6, 2009 by FX Instructor · Leave a Comment
Simultaneous Release at www.thegeekknows.com Follow me on twitter A good day to you! How was your mambo jumbo NFP ride? It was almost hunred pips of whipsaw. The non farm payroll in US came out slightly worst than expected and with that, it pushes the unemployment rate in the US to 10.2% As we can [...]
What The Fed Said Will Help Your Trading
November 6, 2009 by FX Instructor · Leave a Comment
One of the big events for me this week was the alteration the Fed made in their statement from the September meeting, and I think it will help provide a huge advantage in trading. Unlike the single-mandate European Central Bank, which is responsible only for maintaining price stability (controlling inflation), the Fed has what’s called [...]
EURUSD Forecast: Indecisive after ECB, technical outlook remains bullish, potential scenarios on NFP
November 5, 2009 by FX Instructor · Leave a Comment
The EURUSD peaked at 1.4917 after an optimistic statement about Euro economy outlook from the ECB, but closed lower at 1.4871, formed a Doji on daily chart indicating indecisive movement. While my technical outlook remains bullish with 1.5060 and 1.5300 as potential target, I think the market is waiting for NFP and unemployment rate today, [...]
GBPUSD Daily Forecast: November 06
November 5, 2009 by FX Instructor · Leave a Comment
GBPUSD Forecast: The GBPUSD also indecisive yesterday. The BoE decided to increase the quantitative easing program by £25bn to £200bn. Although the QE program was expanded, the Sterling edges higher as market expected a £50bn expansion. On h4 chart below, we can see that the price still able to stay above my triangle indicating potential [...]
Daily Forecast for Crosses: November 06
November 5, 2009 by FX Instructor · Leave a Comment
EURJPY Forecast The EURJPY attempted to push lower, slipped below my trendline support, bottomed at 133.35 but whipsawed to the upside and closed higher at 134.95. Another technical mess Although this fact indicating potential upside scenario with 136.08 as potential target, I still prefer to stand aside for now until all these noises from important [...]
