"The country is bankrupt. We have to face the truth," Hans-Werner Sinn, the president of a prominent Munich-based think tank, said in an interview with Deutsche Welle...
USD/JPY Technical Strategy: Flat Support: 118.62, 117.17, 115.48 Resistance: 120.82, 121.91, 123.88 The US dollar continues to stall, with prices oscillating in a narrow range below the 120.00 figure against the Japanese Yen. Near-term resistance is at 120...
EUR/JPYTechnical Strategy: SHORT AT 135.25 Support: 133.81, 132.04, 129.17 Resistance:135.86, 137.64, 139.95 The Euro appears to have resumed its decline against the Japanese Yen as expected having overturned rising trend support set from late January. A daily close below the 14...
AUD/USD Technical Strategy: Flat Support:0.7851, 0.7715, 0.7625 Resistance:0.7899, 0.8069, 0.8343 The Australian Dollar is attempting to break upward against its US namesake having languished in a narrow range for nearly a month...
NZD/USD Technical Strategy:Flat Support: 0.7514, 0.7479, 0.7421 Resistance:0.7573, 0.7619, 0.7666 The New Zealand Dollar looks to be resuming the advance against its US counterpart, clearing a formerly broken channel floor recast as resistance. A daily close above the 38...
EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern. A daily close above the February 3 high at 1...
The indicator of OsMA, marking the decline of activity ofparties, gives founding to priority of planning of tradeoperations of correction and to date...
The indicator of OsMA, marking divergence and tendency ofdecline of activity of parties, gives founding to priority of planning of trade operations of lateral correction with advantage of short positions to date...
Divergence is one of the trade setups used by Forex traders. It involves looking at a chart and one more indicator. For our example we shall use the RSI indicator...
AUD/USD: Short One short position with a trailing stop is still open for the last four weeks. See for more information my weekly reviews on my strategy lately. The AUD is having a currency a score of 4 and and the USD is down 1 point from 8 to a score of 7 compared to last weekend...
Another 10K contraction in German Unemployment may encourage a near-term rebound in EUR/USD as it raises the prospects for a stronger recovery in the euro-area...
It is hard to overestimate effect of austerity measures over Portugal. On the one hand, many economists, including authorities, are saying the worst is over...
The European currency fell against the US dollar after the weaker than expected German Ifo index report. Janet Yellen’s speech did not move the market. Janet Yellen announced that the rates would be at the current level for a while...
The Greek-EU standoff did not much influence European bond markets. Now that, Greece has formally obtained the extension, the country should fade from investors' focus. However, there are other risks emerging from the eurozone...
Looking at yesterdays Market Profile for EURUSD during the Wall Street session, things seemed in favour of buyers. Long buying tail early in the session and a close at the top part of the range, as well as the stacked up prints were all showing keen buyers...
EURUSD remains trapped between 1.1267 and 1.1450 - here are potential targets on a breakout...
EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro continues to stall having carved out a bottom against the US Dollar as expected after showing a bullish Morning Star candle pattern. Near-term resistance is at 1...
USD/CHF Technical Strategy: Flat Support:0.9343, 0.9076, 0.8793 Resistance: 0.9498, 0.9781, 1.0239 The US Dollar may be preparing to turn lower against the Swiss Franc after producing a Bearish Engulfing candlestick pattern. A daily close below resistance-turned-support at 0...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5322, 1.5194, 1.4950 Resistance: 1.5551, 1.5737, 1.5923 The British Pound paused to digest gains once again having fallen short of overcoming the 1.55 figure against the US Dollar. A daily close above the 38.2% Fibonacci retracement at 1...
