Posts Tagged ‘european session’
EUR/USD – Wave Count and Zig Zag Projection
September 1st, 2010
Although the market was bearish for most of the first 2 sessions. The third session this week started pushing up the Euro in the Asian session. This accelerated in the European session. This is not surprise ahead of the Non-Farm payroll. We expect some lower volatility but after the current
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FX Thoughts for the Day
September 1st, 2010
Cable has moved up in the Asian and the European session and may see some more rise in the US session today. The upside may be Resisted in the region of 1.5440-65, followed by a dip towards 1.5400 or even 1.5350 over today and tomorrow. Going forward, we have a
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Eur/Usd Intra-Day Review
September 1st, 2010
Euro moved higher in the first part of the European session today, and broke through an important 1.2777 level, which puts now even higher levels in play. In fact, an impulsive upward move, wave C leg could be unfolding from 1.2625 zone, where wave B, sub-wave of a corrective wave
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EUR/USD – Sharp Correction Challenges the Bearish Outlook
August 31st, 2010
The EUR/USD started the week bearish and slid above 100 pips before sharply rallying in the European session. Yesterday’s video update and EUR/USD update anticipated a decline towards the 1.2450 area. The bullish swing brought the pairnear 1.2740/50, an important area. The break above 61.8% retracement is already a bad
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FX Thoughts for the Day
August 31st, 2010
Cable has come down further in the European session today and is currently trading below the 200 DMA (1.5440). While below 1.5450, the pair may move towards 1.5300-20 in a couple of days to test some very strong Supports between 1.5320 to 1.5300, followed by an upmove later in the
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EUR/USD – Negative Reversal Signals Bearish Swing
August 30th, 2010
The EUR/USD completed a negative reversal signal during the European session, ahead of the US session. The slow rally last week from near 1.26 to 1.28 stopped at resistance of 61.8% retracement. The market has been declining since starting this week and looks to continue towards 1.2440. This is a swing projection.
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FX Thoughts for the Day
August 30th, 2010
Cable has moved up to touch a high of 1.5576 in the European session today. In the US sessions today, we may see the pair move down towards 1.5500-450 before another rise towards 1.5500-50 tomorrow. Please note that 1.5447 is the 200 DMA Support and 1.5446 is the suggested max low for the day.
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USD/JPY – Stalking Pullback; Targeting 79.50
August 25th, 2010
The USD/JPY has been in correction mode over the Asian and European session so far. This comes after a break below the 85 support area. The price action is pressing against the 50-period moving average and the 61.8% retracement level at 84.65. The market should not break above 85 (78.6%
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The USD/CHF has so far behaved as anticipated throughout the Asian and European session. It is now at a swing projection that completes an ab=cd retracement pattern just below 1.0450. A swing projection was given in yesterday's post from this level if topping action occurs. The current 4H candle is
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FX Thoughts for the Day
August 13th, 2010
Cable touched a high of 1.5665 in the European session today but is currently trading below 1.5600. We see good chances of the pair coming down towards 1.5550-00 before an upmove in the coming days. Please note that the pair has some strong and important Supports in the 1.5500-50 region