GBP/JPY has developed wave C (or 3) of daily degree 129.82-134.19, now corrective wave 4 is developing. At the moment the corrective wave has 3 subwaves – A-B-C (colored red in the chart). The targets of the...
GBPJPY The GBPJPY continues to offer excellent trading opportunities within its well structured channels. Price has steadily risen in a price channel for the past month, offering several low risk trade entries. Traders should take note of...
USD/JPY: Since this resistance is some kind of barrier for the pair, an opportunity to go “Short” might be created. NZD/USD:It is important to notice the pair is still uptrend oriented. The bullish envelope template, which is...
The Irish banking and debt crisis took a turn for the worse and pushed the EUR lower on Monday against most currencies. The USD found itself back at highs against the EUR as Irish government officials started...
The Sterling lost ground to the USD on Monday under a EUR centric cloud certainly, but it must be pointed out that the U.K. has a large amount of exposure financially in Ireland through banking and this...
The JPY remains in a consolidated mode as of this morning. There have been initial reports from South Korea that there has been an escalation of troubles between the two Koreas. This situation will have to be...
The euro dropped on concern Ireland’s debt woes will spread to other euro-zone economies such as Portugal and Spain. The possibility of an election in Ireland also pressures the euro as it may hinder the nation’s aid...
Market Review – 22/11/2010 22:56 GMT Euro falls due to Irish uncertainty and contagion fears Euro fell on Monday as Moody’s said it might downgrade the credit rating of Ireland by more than one level. The single...
AUD/USD is moving within corrective wave against 1.0182-0.9727. Now subwave C (colored red) is developing. Its targets are Fibonacci retracements of 1.0182-0.9727, and expansions off 0.9727-0.9914-0.9815.
The European debt crises continued to influence the trading dynamics during almost the whole previous trading week. Mainly, concerns over the possibility that Ireland would ask the European community for immediate financial help, continued to pressure the...
