Analysis Topic: Currency Market Analysis
The analysis published under this topic are as follows.
Thursday, July 31, 2014
The Cleanest Dirty Shirt / Currencies / Fiat Currency
By: Dr_Jeff_Lewis
All modern currencies are fiat. The numeraire of the moment floats in a cesspool of policy designed for management and intervention.Money and value become hollowed out concepts.
The eventual return to a sound relationship between human productivity and the value of money will be unloved, to say the least.
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Thursday, July 31, 2014
USDJPY Big Bear Market / Currencies / Forex Trading
By: Austin_Galt
The USDJPY has jumped higher recently so I decided to investigate and the findings are quite interesting. An opportunity may well be approaching. Let's take a look at the charts to find out more about it.
First, let's begin by looking at the big picture. The yearly chart no less.
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Wednesday, July 30, 2014
AUD-NZD Pullback Opportunity / Currencies / Forex Trading
By: Austin_Galt
Well, the AUDNZD absolutely exploded out of that false break low pattern identified a few weeks ago. I was hoping to add more long positions at the start of last week but wasn't nimble enough. I may just get another opportunity shortly albeit at higher prices but sometimes you just gotta roll with the punches. The market is the big boss and I am but its mere minion. Let's take a look at what's currently being offered up with the daily chart.
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Monday, July 28, 2014
AUD-JPY - Watching Commodity Currencies – What Can Be Learned / Currencies / Forex Trading
By: Submissions
ForexKong: It’s pretty common knowledge that the currencies of countries with “commodity related economies” such as Australia, New Zealand and Canada are seen as the “darlings of the currency markets” during times when investors feel safe.
Simply put, large institutional investors are able to borrow money such as U.S Dollars or Japanese Yen at extremely low rates of interest, then use these funds to invest in currencies / countries where higher yields and greater opportunities can be found. Australia with its mining / gold related businesses, as well Canada with its oil as a couple of good examples.
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Thursday, July 24, 2014
EUR-AUD Heads Into The Danger Zone / Currencies / Euro
By: Austin_Galt
I’ve been watching the EURAUD for quite a while and finally its next big play opportunity looks about to present itself. Let’s take a look at the charts to see what exactly that is. We’ll go with my top down approach beginning with the yearly chart.
Tuesday, July 22, 2014
Forex Multi-week Consolidation in EUR/USD Ended / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, official data showed that the annual rate of U.S. inflation was at 1.2% in the previous month, while core inflation (without food and energy costs) increased by just 0.1% month-on-month and U.S. consumer prices were up 0.3%. On top of that, U.S. existing home sales increased 2.6%, while analysts had expected an increase of 2%. Thanks to these bullish numbers, the common currency declined against the U.S dollar to a 8-month low. What are the implications of this event?
Monday, July 21, 2014
How to Find Trading Opportunities in the Currency Markets / Currencies / Forex Trading
By: EWI
Elliott Wave International's Senior Currency Strategist Jim Martens recorded this 18-minute interview on July 18. Jim, a conservative trader, likes to trade in the direction of the trend. In the interview, he uses an example in the Euro to explain how a trader can join the trend once a move has begun.
Join us July 23-30 as we "open the doors" to our entire line of Pro Services -- FREE. Our Pro Services offer intraday and daily coverage of 48 world markets, including currencies, stocks, metals, energy and interest rates.
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Monday, July 21, 2014
GBP/USD Elliott Wave Analysis: Reversal To Come!? / Currencies / British Pound
By: Gregor_Horvat
GBP/USD hit a new highs of the year last week week at 1.7190, but then turned back down through 1.7057. Notice that this was fourth wave low, so if this swing is broken, then we can assume that pair accomplished a five wave rise. As such, we expected weaker pound now, but from minimum point of view that would be with three legs down, so more weakness to come after a wave 2/B rally that may look for a resistance this week around 1.7140.
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Monday, July 21, 2014
EURUSD To Rally Or Not To Rally? / Currencies / Euro
By: Austin_Galt
The EURUSD has recently come down to test major support. So now it has to decide whether to bust on through that support or rally from here. Let's take a closer look to see what its decision will be.
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Sunday, July 20, 2014
AUD NZD Taking The Forex Bull By The Horns / Currencies / Forex Trading
By: Austin_Galt
Since my last AUDNZD report, the false break low of 1.062 has been confirmed by a sharp move higher. The nature of the move looks very impulsive. As I have said in previous reports, I am very bullish about the long term prospects of the AUDNZD and so therefore will be on the lookout for opportunities to average up into my existing long position. One such opportunity may be about to present itself this week. Let’s take a look beginning with the daily chart.Read full article... Read full article...
Friday, July 18, 2014
Bitcoin Price Medium-term Trend Being Tested / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions, stop-loss at $550.
Bitcoin is still perceived by financial professionals as a possible bubble, a poll by Bloomberg has shown:
Bitcoins, which lost 45 percent of their value after skyrocketing to more than $1,100 last year, are poised to tumble further, according to the latest Bloomberg Global Poll of financial professionals.
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Friday, July 18, 2014
USD-JPY Rally Set To Fizzle / Currencies / Japanese Yen
By: Austin_Galt
In my last article on the USDJPY back in May, I identified a double bottom formation. Double bottoms in an uptrend are generally great buy opportunities and can leady to large move higher. However, the double bottom in the USDJPY at 100.76 has been quite flat. Let’s take a look at the daily chart to see what we’re dealing with.
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Wednesday, July 16, 2014
Can We Expect Further Rally in USD/CAD? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the U.S. dollar hit a three-week high against its Canadian counterpart after Federal Reserve Chair Janet Yellen testimony in Congress. Will the exchange rate climb above 1.0800?
In our opinion, the following forex trading positions are justified - summary:
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Tuesday, July 15, 2014
Bitcoin Price Strong Move Possibly Ahead / Currencies / Bitcoin
By: Mike_McAra
In short: we still support speculative long positions in the market, stop-loss at $550.
Reid Hoffman, LinkedIn co-founder, expressed his views on Bitcoin in a CNBC interview:
Another one that I've been paying a lot of attention to in the last 6 to 12 months has been Bitcoin. I think it's an incredible system that's created a ledger that is across -- a distributed ledger across the whole world for it can be money but it can also be other things. I think there's a lot of different things happening.
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Monday, July 14, 2014
EURUSD and AUDUSD Currency Market Updates / Currencies / Forex Trading
By: Austin_Galt
There has been some interesting action take place in both the Aussie Dollar and Euro recently so let’s take a look beginning with the EURUSD daily chart.
Monday, July 14, 2014
UDNZD Forex False Break Low? / Currencies / Forex Trading
By: Austin_Galt
In previous reports on the AUDNZD, I have stated that the longer term technicals appear bullish. Hence I have been looking for an opportunity to enter into long positions on this recent pullback. There was an aborted attempt around a month ago but there now appears another opportunity arising. Let's take a look at it using the daily chart.
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Monday, July 14, 2014
Prepare for This Seismic Currency Shift (and Profit) / Currencies / Forex Trading
By: Money_Morning
Peter Krauth writes: We all know the U.S. dollar is the de facto world reserve currency.
And if you've been reading my column for a while, you also know its status is being seriously challenged.
China and Russia have taken the biggest steps to that end so far.
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Sunday, July 13, 2014
US Dollar vs. Canada Dollar : Get ready to catch the next UP-trend move! / Currencies / Canadian $
By: Submissions
Mustafa Hindawi writes: USDCAD bounced back from1.0620 due to bad data releases from Canada and closed last Friday at 1.0736 .
This pair offers a high probability trading setup both fundamentally and technically.
Saturday, July 12, 2014
Bitcoin Price Sign of Reversal? / Currencies / Bitcoin
By: Mike_McAra
In short: we still support long speculative positions in the market, stop-loss at $550.
The long-spoken-about Bitcoin ETF is slowly nearing SEC approval, Bloomberg reported:
It looks increasingly that the Winklevoss Bitcoin Trust (COIN) will actually launch.
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Tuesday, July 08, 2014
Bitcoin Price Move Down Possibly Dying Out / Currencies / Bitcoin
By: Mike_McAra
In not too many words: we still think long speculative positions might become profitable, stop-loss at $550.
Tim Draper, founder of the venture capital firm Draper Fisher Jurvetson, and at the same time the person who bought bitcoins seized from Silk Row, spoke to CNBC on Monday and offered his views on the cryptocurrency:
“The bitcoin world is this new ecosystem where it doesn't cost that much to start a new bitcoin company, it doesn't cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world,” Draper said (…).
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