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gfscapital replied Apr 13, 2016I agree. I would be looking at this as a pullback for major resistance before breaking it in the long term. ( Currently unfolding) It doesnt look like there will be any hikes and speculators are piling on longs here.
EURUSD
- gfscapital replied Apr 13, 2016
I would be very worried if I was long term bull on US Dollar. After an excellent data coming out of US recently: Earnings, CPI, GDP or employment, we still see lack of Dollar strength. EURUSD has been slowly making a way up since the last FOMC ...
EURUSD
- Submitted Apr 12, 2016|From humbletraders.com|20 comments
Are you looking for a trading method that can help you look into the future! Stick around and I will show you how the Elliott Wave model proposes just that! And how to apply Elliott Wave to your trading, successfully and profitably. In the article ...
- Submitted Apr 9, 2016|From humbletraders.com|7 comments
Sometimes, Elliott wave theory can let you see into the future! This was one of those weeks for a few of the markets we analyse. we saw some price targets being met and some confirming action for our wave counts, which makes me feel a little more ...
- Submitted Apr 8, 2016|From humbletraders.com|1 comment
We always hear how important the inflation is. The higher inflation the better for us. I never liked this idea of higher prices being better for me. In this article I want to tell you what inflation does to the economy and you. In economics, ...
- gfscapital replied Apr 7, 2016
My outlook 7th April EURUSD - Short As indicated in last week's Weekly Chart Analysis the pair is within the major resistance zone, bears could look for the short reversal setup from the current levels. My preference would be to look at the ...
EURUSD
- gfscapital replied Apr 6, 2016
USDJPY at multi year lows. 105 in sight this summer. Just a reminder how the Commitments of Traders report had it spot on url
USD/JPY Discussion
- gfscapital replied Apr 5, 2016
My view on USDCAD 5th April - USDCAD - Long I have been trying to pinpoint USDCAD long for some time now. It kept printing lower. Looking at daily charts, USDCAD is sitting at a major support. The level marked at the chart below was pretty ...
USD/CAD
- gfscapital replied Apr 3, 2016
True. COT report is not designed as a market entry tool. The market can be short term bullish in a long term downtrend. COT report is designed to gauge supply and demand of important market participants. I use it to confirm mid/long term fundamental ...
Cable Update (GBPUSD)
- gfscapital replied Apr 3, 2016
My outlook on Cable for this week Cable, also as expected, reversed from the major support as indicated in the last week’s analysis. GBPUSD moved from 1.4050 towards 1.4450 and closed the week at 1.4222 giving up most of the gains. I managed to ...
Cable Update (GBPUSD)
- gfscapital commented Apr 3, 2016
It seems like there are less and less reasons to hold dollars this year. Traders drop probabilities of rate hikes according to url
EUR/USD bulls sets eyes on 1.15 amid receding Fed hike expectations
- Submitted Apr 2, 2016|From humbletraders.com|10 comments
This week saw some interesting developments across the markets. Near term confirmation targets are approaching and the coming week could bring some explosive action for certain markets. So let’s try and get in position for those moves. I will ...
- gfscapital replied Mar 30, 2016
I have updated my FED Watch. It is not a great picture for US Dollar bulls. After Yellens dovish comments yesterday, probabilities of FED raising interest rates this year had been diminished across the board. Market is now clearly not confident at ...
EURUSD
- gfscapital replied Mar 28, 2016
Its pending. Not in yet. Looking for pullback as screeenshot suggests
Cable Update (GBPUSD)
- Submitted Mar 28, 2016|From humbletraders.com|1 comment
We had a pretty quiet week in the markets. With Easter in the calendar, many exchanges were closed for business on Monday, Thursday and Friday. This kind of low liquidity environment supports technical patterns. The price tends to be more responsive ...
- gfscapital replied Mar 28, 2016
Happy Easter traders Some of us never get a break from the charts! Here is my weekly outlook for majors. See what you think. url
EURUSD
- gfscapital replied Mar 26, 2016
The medium term Elliott wave count views cable in a large C wave downward trend. The action over the last few months is the start of the 3rd wave down of 5 overall waves. Cable should keep moving lower and may pick up speed in the coming weeks ahead ...
Cable Update (GBPUSD)