By admin on 13/06/2010
Price action on USD/CHF, a daily chart of which is shown, has just bounced up off support in the key 1.1400 price region after consolidating for the past several weeks between 1.1400 and 1.1700. This bounce occurs within the context of a strong and steep overall uptrend. With continued bullish momentum off this bounce, price [...]
Posted in Forex Master | Tagged bounce, in, key, off, support, uptrend, usdchf
By admin on 11/06/2010
Price action on EUR/GBP, a daily chart of which is shown, dropped down to key support in the important 0.8200 price region, a new 18-month low, before making a bounce as of Tuesday (6/08/2010) morning New York session. This occurs within the context of a steep and accelerated overall downtrend extending from the March highs. [...]
Posted in Forex Master | Tagged bounce, downtrend, eurgbp, off, strong, support, within
By admin on 20/03/2010
Continued bearish price action on EUR/USD, a daily chart of which is shown, has broken down cleanly below the rising wedge pattern (a bearish formation) as noted yesterday. This breakdown follows on the heels of price being rejected by key resistance in the 1.3800 price region, and indicates that the overall downtrend in the pair [...]
Posted in Forex Master | Tagged bearishness, breakdown, continues, eurusd, off, wedge
By admin on 17/03/2010
Price action on spot gold, a daily chart of which is shown, has made a swift and pronounced bounce off a long-term uptrend support line. This long-term trendline was falsely breached in early February, but has subsequently been respected since then. Most recently, price action descended back down to the trendline last week before making [...]
Posted in Forex Master | Tagged bounce, bullish, gold, longterm, off, trendline
By admin on 25/01/2010
Positioning for the commodity (AUD, NZD, CAD) currencies warns of big declines and a big rally in the Yen.
Read More Sell off in Risk Just Beginning
Related PostWhy Didnt the Strong Sell Off in Stocks Translate Directly into Currencies Forex VideoCrude Closes the Week Deep in the Red as Risk Aversion Picks up SteamCurrency Markets [...]
Posted in Forex Master | Tagged beginning, in, just, off, risk, sell
By admin on 23/01/2010
Price action on USD/JPY, a daily chart of which is shown, has displayed marked bearishness for more than a week, since the top of a parallel downtrend channel was reached and respected in early January. In the course of this bearishness, price broke down below a key intra-channel uptrend support line extending from the late [...]
Posted in Forex Master | Tagged bearishness, bounces, key, off, support, usdjpy
By admin on 21/12/2009
Trading activity is sure to lighten up significantly from here until after New Years, with a good chunk of market participants now officially on vacation. While the highly illiquid trade over the next two weeks is sure to produce some intense whipsaw price action, we highly recommend that traders proceed with caution and upgrade risk [...]
Posted in Forex Master | Tagged action, holiday, kicks, off, price, sideways, trade, with
By admin on 18/12/2009
Price action on AUD/USD, a daily chart of which is shown, has dropped to around the 0.8800 support level after having broken down below a significant triangle pattern consolidation. This occurs in the midst of a potential bearish reversal of the long-term uptrend that has been in place since the March lows. Displaying evidence of [...]
Posted in Forex Master | Tagged audusd, bearishness, breakdown, continued, off, trend
