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USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

Sep 23, 2014 02:31
The USDJPY has rallied aggressively higher after breaking out of the long term consolidation pattern we witnessed for the first half of the year. It’s no surprise the breakout...

Majors»

GBP/USD Forecast Sep. 22-26

GBP/USD Forecast Sep. 22-26

Sep 21, 2014 19:31
The British pound displayed some late-week volatility, as GBP/USD posted sharp gains, albeit temporarily, as the pair was almost unchanged at the end of the week. GBP/USD...
  • USD/JPY Forecast Sep. 22-26
    USD/JPY Forecast Sep. 22-26
    The yen continues to drop, as USD/JPY gained about 160 points last week. The pair closed the week just shy of...
    on Sep 21, 2014 13:57
  • EUR/USD Forecast Sep. 22-26
    EUR/USD Forecast Sep. 22-26
    EUR/USD failed to recover, and eventually fell to a new 14 month low. Is this the pair set to continue declining?...
    on Sep 20, 2014 16:40
  • Forex Weekly Outlook Sep. 22-26
    Forex Weekly Outlook Sep. 22-26
    The dollar had another positive week, advancing against most currencies on the background of the the FOMC meeting....
    on Sep 19, 2014 17:44

Minors»

AUD/USD Forecast Sep. 22-26

AUD/USD Forecast Sep. 22-26

Sep 21, 2014 16:23
AUD/USD continued its losing ways last week, losing close to 100 points, as the pair closed at 0.8922. AUD/USD has now slipped to its lowest level since March. It’s...
  • USD/CAD Forecast Sep. 22-26
    USD/CAD Forecast Sep. 22-26
    The Canadian dollar rebounded last week, gaining over 100 cents against the US dollar. USD/CAD closed the week...
    on Sep 21, 2014 15:25
  • NZD/USD Forecast Sep. 22-26
    NZD/USD Forecast Sep. 22-26
    The New Zealand dollar dropped to new lows. Yes, once again. Can the bleeding stop now? Trade balance is the...
    on Sep 21, 2014 11:01
  • AUD/USD Forecast Sep. 15-19
    AUD/USD Forecast Sep. 15-19
    AUD/USD suffered its worst week in over a year, losing more than 300 points. The pair closed the week slightly...
    on Sep 14, 2014 16:05

Basics & Industry»

How to Use Parabolic SAR in Forex

How to Use Parabolic SAR in Forex

Sep 18, 2014 08:52
One of the most common strategies in forex trading is to follow trends. However, it is often difficult to know exactly when a trend has begun and – equally importantly –...

Recent Articles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

What is a risk-reward ratio and why is it important? We explain and also discuss the right and wrong way to incorporate the ratio in your system. Why did the dollar rally on the FOMC meeting? 5 reasons are provided and we look forward. Last but not least, we discuss the recent wobbles around China. Welcome

GOLD: Triggers Recovery, Eyes Further Upside

GOLD: Triggers Recovery, Eyes Further Upside

GOLD: With GOLD triggering a correction higher during Thursday trading, further bullishness is envisaged. Support stands at the 1,200.00 level. Below here could trigger further downside towards the 1,180.00 level where a break will aim at the 1,150.00 level. A break will target the 1,130.00 level with a violation turning attention to the 1,100.00 level.

NZD/USD drops to a new 7 month low on fresh USD buying

NZD/USD drops to a new 7 month low on fresh USD buying

A fresh wave of USD buying sends NZD/USD to new cycle lows, at 0.8072 at the time of writing. No major US or New Zealand related headline has hit the wires. The kiwi is just suffering more than others at the moment from a wave of USD buying. 0.8050 was the low point in February. If

Mixed Bag of PMIs Unable to Lift Equities

Mixed Bag of PMIs Unable to Lift Equities

Today’s PMI data deluge has thus far been unable to help investor sentiment rebound from yesterdays’ risk-off feel, with equity futures once again treading water. A mixed-bag of growth indicators in the Eurozone and a fresh set of airstrikes overnight from the US (and some of their Middle Eastern partner nations) against ISIS in Syria

US Dollar Index showing signs of a corrective pullback

US Dollar Index showing signs of a corrective pullback

In the previous article, it was noted that there were some risks building into the US Dollar Index as it approached the key resistance level of 84.3 – 85 ahead of the FOMC minutes. Despite the perceived hawkishness of the Fed, the Dollar Index was relatively unchanged at the resistance level. The weekly chart below

GBP/USD completing correction, USD/JPY could slide more before a new rally – Elliott Wave Analysis

GBP/USD completing correction, USD/JPY could slide more before a new rally – Elliott Wave Analysis

USD is showing some a picture on the FX board. We see going in different directions against EUR, AUD, and GBP. The most interesting pair today to track should be GBPUSD which made three legs of recovery from 1.6280 towards 1.6390 where the pair shows a first evidence of a completed correction. Sooner or later,

Temporary Aussie relief

Temporary Aussie relief

The main standout overnight is the recovery in the Aussie dollar, which has recovered back above the 0.89 level after the latest data from China brings at least some relief at the margins. The rise in the HSBC manufacturing series was marginal (from 50.2 to 50.5), but was sufficient to take away some of the

EUR/USD Sep. 23 – Moves higher in range as PMIs pour in

EUR/USD Sep. 23 – Moves higher in range as PMIs pour in

EUR/USD is trading steadily in the middle of the low range, between 1.2820 to 1.2870. This comes as purchasing managers’ indices begin pouring in and after Draghi managed not to rock the boat in his testimony yesterday. Apart from PMIs, we have quite a bit of Fed speak today. Here’s a quick update on technicals, fundamentals

French PMIs beat forecasts – EUR/USD edges higher

French PMIs beat forecasts – EUR/USD edges higher

French manufacturing PMI rose nearly two points to 48.8. Services PMI slipped nearly one point to 49.4. While both indicators are in contraction zone, the overall result is better than expected. EUR/USD is now rising above 1.2850, well within the range. Markit’s preliminary purchasing managers’ indicator for the manufacturing sector was expected to show a rise from

AUD/USD escapes the lows on upbeat Chinese manufacturing PMI

AUD/USD escapes the lows on upbeat Chinese manufacturing PMI

Chinese news continues to dominate the Aussie’s trading. The independent and highly regarded purchasing managers’ index from HSBC and Markit for China’s manufacturing sector surprised with a rise to 50.5 points, better than 50 points expected for the month of August. AUD/USD managed to ride on this and gradually rise above the 0.89 handle. Is this

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

USDJPY Upward Momentum Stalls – Getting Ready to Catch a Mean Reversion

The USDJPY has rallied aggressively higher after breaking out of the long term consolidation pattern we witnessed for the first half of the year. It’s no surprise the breakout out of such a long term churning pattern has been so explosive. The bullish momentum has now pushed price to an extended point relative to its