ok fellas, i'm new to analysing bias change, but this is what i've been waiting for (and mentioning in the chat room) only i expected the final res point to be around the 5310 area.
if this in indeed a long bias change, then the strategy dictates that you would be a buyer of 50%-61% retracement lows (and the opposite of course, i.e. selling highs, for confirmed Short Bias Changes).
the chart is 1H TF, but i believe a 4H is… Continue
Added by Blixey on November 23, 2009 at 2:30pm —
Another Monday Rally in Equities at the Expense of USD & JPY Just as the last 4 Fridays have proven positive for the USD and JPY at the expense of equities and oil, today (as in the last 4 Mondays) proves negative for USD and JPY to the benefit of global equities and oil prices. Japan was closed, Dow futures +90 pts as markets await US Nov existing home sales (exp +2.3% to 5.7 mln) will likely reflect the rise in pending home sales released earlier this month. USDCAD await the 13:30 GMT… Continue
Added by Aadil (site owner) on November 23, 2009 at 1:38pm —
Added by Aadil (site owner) on November 23, 2009 at 1:03pm —
Added by Aadil (site owner) on November 23, 2009 at 1:00pm —
Added by SuperDriveGuy on November 23, 2009 at 11:15am —
The dollar continued to decline following dovish comments from the US Federal Reserve. St Louis Fed President James Bullard stated yesterday that the central bank should continue with their mortgage related asset purchase programme, as many analysts look for governments to start making clearer their exit… Continue
Added by Aadil (site owner) on November 23, 2009 at 10:00am —
I see resistance for Cable around 16000 and 16615-20 level. Looking at the 15m Chart i will be keeping an eye on MACD for any signs of divergence at these levels.
Added by Chelski on November 23, 2009 at 9:15am —
Added by Aadil (site owner) on November 23, 2009 at 8:54am —
Added by Aadil (site owner) on November 23, 2009 at 8:48am —
As gold continues to set daily record highs it is encountering a rising chorus of criticism from skeptics who view at as the latest asset bubble to burst soon. However, while the precious metal may be vulnerable to a near term pull back in order to consolidate its latest gains, we believe the long term case for gold remains bullish.
Contrary to popular perception gold is not a hedge against inflation. Most investors make that association because the last time the yellow metal… Continue
Added by Aadil (site owner) on November 23, 2009 at 8:17am —
A Thanksgiving-shortened week in the US will not prevent it from being a busy calendar week (US Exist/New home sales, Pers. pending, Q3 revised GDP, German Q3 GDP, German IFO, Canadian retail sales). CAN Sep retail sales 13:30 GMT expected to slow to 0.6% from 0.8% and core sales (ex autos) exp at 0.4% from 0.5%. USDCAD faces interim TL resistance at 1.0750, followed by 1.0795 (from Aug 17 high) with support starting at 1.0595. CATCH ASHRAF OM BLOOMBERG TV Monday 10:15 GMT (5:15… Continue
Added by Aadil (site owner) on November 23, 2009 at 1:00am —
Added by Aadil (site owner) on November 22, 2009 at 8:56pm —
LONDON (Reuters) - Trades betting on higher commodities and equities and a weak dollar may see a quick and sharp reversal if a renewed rise in oil prices fans inflation concerns and prompts early exit from ultra-easy monetary policy.
These trades exploiting high correlation between the dollar, dollar-priced commodity prices and related shares have been a key feature of the year-end rally as investors grow convinced that policymakers in the… Continue
Added by Aadil (site owner) on November 22, 2009 at 6:30pm —
chart is getting bullish
a long term chart.breaking out.about to break a trendline..i think
Added by dentist 007 on November 22, 2009 at 4:08pm —
The US Dollar finished the week higher against all major currencies except the Japanese Yen, but the downtrodden currency failed to break key range highs against the Euro and other important counterparts. Forex markets remained highly indecisive and traders were seemingly unwilling to bust the Euro/US Dollar exchange rate… Continue
Added by Aadil (site owner) on November 21, 2009 at 10:30pm —
Here is a chart showing how G7/G8 (which is now G20) finance ministers and central bankers meeting has coincided with major tops and bottoms in the EUR/USD.
Added by Aadil (site owner) on November 21, 2009 at 9:52pm —
Bernanke’s support for the U.S. dollar and Federal Reserve President Lacker’s comment this morning that the central bank is paying close attention to the value of the greenback has driven the buck higher against all major currencies. The last time Bernanke surprised the market with a comment on currencies was back in June 2008.… Continue
Added by Aadil (site owner) on November 21, 2009 at 9:00pm —
On this quiet trading day devoid of any market moving U.S. data, we take this opportunity to share some tips that we have to help you improve your forex trading. Regardless of whether you are learning to trade for the very first time or seasoned, we hope that you find these tips useful. Feel free to add your own tips in our comment section!
TIP #1 Buy High and Sell Higher
Believe it when they say that the trend is really your friend. When you trade currencies, you are… Continue
Added by Aadil (site owner) on November 21, 2009 at 7:09pm —
Added by Aadil (site owner) on November 20, 2009 at 6:07pm —
Here is my weekly chart. As you can see today looks like we are going to close with an outside bar. 16713 has been breached but failed to hold. I would expect some retracement next week but will be looking to short todays final close if we continue down.
Added by Chelski on November 20, 2009 at 5:43pm —