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- Submitted Jul 14, 2014|From thinkforex.com|3 comments
Following poor jobs data from Canada and USDCAD's most single bullish close in over 4-months, it suggests the tide may be about to turn. We highlighted the COTS positioning, and made the argument for a 'sentiment extreme' which if correct, meant too ...
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ThinkForex_MS commented Jul 11, 2014I wouldn't say upset - that would require some sort of ego on my part. I used the word banter, as that is what I took it to be. Convoluted was referring to your response, not your technique, as you could say it in fewer words. But on that note, what ...
GOLD breaks its silence
- ThinkForex_MS commented Jul 11, 2014
I find it very fitting you sign off your own convoluted banter with a yawn. Matt
GOLD breaks its silence
- Submitted Jul 11, 2014|From thinkforex.com|6 comments
So the required catalyst to rudely awaken gold from its nap came from a Portuguese Bank. Now it is a question of how much of a concern investors take this to see Gold hit our next bullish target of $1355. With Gold ranging for so long I did wonder ...
- Submitted Jul 8, 2014|From thinkforex.com
EURGBP held resistance at 0.8033 to trade back below the 0.80 level and reach out 2nd target. Where to from here? Nothing new can be gleaned form the COTS positioning this week - as they both point to a continuation of their weekly downtrend for ...
- Submitted Jul 7, 2014|From thinkforex.com|2 comments
As of last Tuesday the Canadian Dollar finally saw Large Traders Net Long (as represented by the top indicator crossing above the zero line). So does this confirm a long-term buys signal? Not necessarily if we look at the indicator below. The bottom ...
- Submitted Jul 7, 2014|From thinkforex.com
The positive correlation between Nikkei and USDJPY has broken down, but with any luck this will return soon and for USDJPY to play catch-up with the Nikkei. Correlations between markets do break down, but then once they do we can be on guard to see ...
- ThinkForex_MS commented Jul 4, 2014
Caution is always wise - especially when EUR is concerned. Out of all the FX pairs I analyse, EURUSD Is one stroppy and confusing mistress. But then we have 2 countries talking their currency down whilst both bicker amongst themselves. We can see ...
NFP hands ECB a favour to see EURUSD down
- Submitted Jul 4, 2014|From thinkforex.com|6 comments
Near-term bias is for run down towards 1.350 (below 1.363), but may stall prior to this as I consider this an important low; COTS positioning suggest potential for a bullish retracement on W1 over the coming weeks; Despite recent warning form IMF to ...
- Submitted Jun 30, 2014|From thinkforex.com
The Aussie has continued to whipsaw around the 0.940 level after several failed attempts to hit out 0.945 targets, or remain below 0.940 for more than 1 session. Also rallies towards 0.945 have failed to close at the highs to suggest a weakness to ...
- Submitted Jun 25, 2014|From thinkforex.com|4 comments
The Kiwi Dollar was the strongest Major single currency yesterday across the board following yesterday’s final GDP coming in at -2.9% vs -1% expected. This saw NZDJPY produce a Bullish Engulfing Candle on D1 which had respected the previous breakout ...
- ThinkForex_MS commented Jun 18, 2014
All good comments above - only thing I wanted to add was the increased Foreign Investment in Austrlia's AAA bonds also supports AUDUSD. But as pointed out, we can see that in price anyway!
USD/JPY: Bull Vs Bear Cases; AUD/USD: Wave-5 Target - Nomura
- Submitted Jun 18, 2014|From thinkforex.com
With AUDNZD trading at a 4-week low (and back within a trading range it took 4-months to break out of) the medium-term bias favours further downside taking the technicals and rate differential into account. Whilst the overall bias is to trade lower, ...
- Submitted Jun 11, 2014|From thinkforex.com
EURNZD broke to a 1-year low following today's rate hike from RBNZ. But when you think about the cash rate between these two (and they have gone opposite ways) this shouldn’t come as too much of a surprise. With ECB paying 0.15% and RBNZ paying ...
- ThinkForex_MS commented Jun 11, 2014
The path of least resistance was apparent following this mornings release, with my target at 0.87 as long as we remain above 0.8570 url
NZDUSD - Sell the rumour, buy the fact?
- Submitted Jun 3, 2014|From thinkforex.com|1 comment
Since yesterday's video we have now seen a bullish engulfing candle to complete a Moring Star Reversal above the 1.08 support zone. This increases the odds of a higher low to form at 1.082 (Friday's Spinning Top) and for an upside break to confirm ...