Dean’s FX 31st Dec.
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Stop Loss?? I Don’t Want To Use It Getting To Know The Majors |
Foreign Exchange Market Commentary
EUR/USD posted an inside day with a higher close on Tuesday due to short covering. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are neutral to bullish signalling that a low might be in or is near. Closes above the 20-day moving…
Technical Analysis for Crosses
Just as we expected yesterday, trading remained neutral as it lacked volume in the absence of the Asian session for the New Year’s Holiday. The EUR/GBP pair is still trading within the 127.05 support level and the 127.86 resistance where it is finding difficulties to build a solid base above…
Japanese Yen Crosses Suffer Congestion, But A Return To Liquidity Promises Volatility
Over the past few weeks, low liquidity has acted like an anchor for the Japanese yen - what was the most active currency just a month ago. Looking at this congestion however, it is clearly unnatural and could therefore end with large shifts in underlying volatility and long-term trends. Read…
Daily Forex Analysis
EUR/USD The hourlies are showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears…
Weekly Market Wrap Up
A holiday-shortened week found no Santa Claus rally this year, as equities slipped, treasury yields flattened further, and the US dollar resumed its weakening trend. Early surveys of Christmas sales from retailers were mixed but tended toward gloomy-SpendingPulse estimated that December retail sales through the 24th were down 4% versus…
Daily FX Report
Since the beginning of August, the EUR/CHF has been trading in Fibonacci retracement lines. After touching the 1.59 mark in the middle of December the market returned and crossed all the retrecement lines. Now the pair is trading in the near of the 23.6% support line. If the market breaks…
Euro, Pound And Yen On The Cusp Of Breakouts as Liquidity Fades
EURUSD volatility was stirred up through the early hours of Wednesday’s session - likely a reflection of waning liquidity. However, despite the pick up in price action, there was no real threat of a significant breakout due to the lack of momentum behind these leveraged swings. Congestion is likely to…
FX Thoughts for the Day
USD-CHF @ 1.0560/64… Resistance at 1.0640. The pair continues to vacillate between 1.0500 and 1.0650. It did dip marginally below the 1.0500 mark but found some buyers in the region. In line with our opinion in the morning, the pair seems set to rise towards 1.0640, 21-SMA on the 4-hrly,…
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