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The Daily Wave Analysis

The Daily Wave Analysis

Jul 30, 2014

A bearish momentum could be part of a bigger ABC (magenta) or a wave 3 (blue), which will depend on how slow or fast price retraces back up. In the 1st case a wave 3 is more likely; in the latter an ABC.

Euro At Eight Month Low Ahead Of FOMC Meeting

Euro At Eight Month Low Ahead Of FOMC Meeting

Jul 30, 2014

On Tuesday Euro/Dollar decreased with 40 pips. The European currency depreciated from 1.3445 to 1.3403 yesterday, matching the negative money flow sentiment at under -12%, closing the day at 1.3406. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for...

Foreign Exchange Market Commentary

Foreign Exchange Market Commentary

Jul 30, 2014

THE EURO closed lower on Tuesday. The lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the 50%...

Market Morning Briefing

Market Morning Briefing

Jul 30, 2014

Euro (1.3411) is testing the 200 week MA and the FOMC decision today may decide if it will hold or not right now though Euro looks ready for a journey to 1.33 or 1.31 in the next few days. Any attempt to bounce will face supply from 1.3475-1.3500.

One To Watch: NZDJPY Breaks Its Long-Term Upward Trend Line

One To Watch: NZDJPY Breaks Its Long-Term Upward Trend Line

Jul 30, 2014

The New Zealand dollar has had a terrible month and is the worst performing currency against the US dollar amongst its G10 counterparts. NZDUSD and NZDJPY have fallen around 3% and 2.5% in the last month respectively. A lot has been written about the spectacular fall of the kiwi...

Daily Technical Analysis

Daily Technical Analysis

Jul 30, 2014

The EURUSD continued its bearish momentum yesterday bottomed at 1.3403. The bias remains bearish in nearest term testing 1.3300. Immediate resistance is seen around 1.3440. A clear break above that area could lead price to neutral zone in nearest term testing 1.3480 but as long as stays inside the...