This could very well be a delayed reaction... Right now the number to look at is a 1.3820 close or lower. If we get it, the bears may party next week...

EURUSD

Its hard to say, but probably yes. You have a triple top with a triple divergence on the TSI. More than likely, EurUsd will test the Green 60 MA at around 135.50. If it breaks it, the final test would be the White 240 MA which should coincide with ...

EURUSD

The Blue ascending wedge held nicely on the breakout higher. All we need now is a weekly close inside the Orange channel once again (1.3828) and EurUsd is still a sell in my view...

EURUSD

Close enough... My target is 135.50 before moving higher again. Good job on your prediction once again...

EURUSD

When you speak, I pay attention. You have been right over and over again... For what it´s worth, I believe there is a big probability that EurUsd will end the week below 1.3825, rendering the famous 2008 down trendline still valid for next week.

EURUSD

We should follow what the market is telling us. Stocks way up but Eur and Gbp getting weaker... Not a good sign for longs at this point...

EURUSD

This weekly eu chart tells the whole story... The orange channel contains the weekly bars within going back to 2007. Price is now against the top channel line. A return to the bottom channel line brings eu to parity in 12 to 24 months. The Blue ...

EURUSD

Because they want you to follow them and thus support the direction of their bet.

EURUSD

Thanks, buddy. I am actually heavily short GBPJPY for a drop to test the Jan. low at 164. I expect a GBP drop to contribute to the fall.

Cable Update (GBPUSD)

Agree... 64-6450 is my target before reversal.

Cable Update (GBPUSD)

Bull trap... The high is still lower than yesterday´s high...

Cable Update (GBPUSD)

I would guess it would if Putin says something threatning. The Prime Minister of Ukraine is his puppet... On second thought, I don´t think he would while his Olympic Games are on.

EURUSD

1- Perfectly logical move to the top of the range since 2008, fundamentally due to a strong economy. Reversal at 1.68 also logical, due to very strong multi year resistance (Top of the range). 2- CPI lower than target of 2% was a big surprise and ...

EURUSD

I also agree... These people who think they know the intricacies of the market and attribute most of the big moves to manipulation by bankers are dangerous for less experienced traders.

EURUSD

I´m not so sure about the market going into a major bull move. Look at the unemployment claims today... Whatever Ben does, the economy will do what it will do. If employment continues to strengthen for whatever reasons, smaller participation or not, ...

EurAnalysis

You are so right. Bernanke giving so much importance to the lower participation rate is scary. It removes importance from the headline unemployment rate which he put at the center of the debate some months ago. All of a sudden he is becoming a ...

EurAnalysis

It also looks like a 50% Fib retracement may have started in Cable (Retail Sales as trigger). Target is around the Monthly Pivot at 1.5445. EurGbp could jump to 85.40 also and GbpJpy may drop to 1.54.

EurAnalysis

I agree. I see 1.33 by Monday (Maybe triggered by the German Election results?). That could be a good level to exit shorts and switch to the long side. Venzen says 1.60. That is possible but you have to believe the ECB knuckleheads will react before ...

EurAnalysis

The incredible aspect of what the FED did is that they spent weeks preparing the grounds for a taper. Emerging Markets and currencies tanked badly, interest on the 10 Yr rose hard and finally stabilized, the stock market absorbed it well and was ...

EurAnalysis

PT FOR FED CHAIRMAN !!!!!

EurAnalysis