Forex Crunch » Guest Post

Dollar Index: Weekly Spike Reversal

Yohay — Sun, 13 Feb 2011 16:53:04 +0000

After a significant five wave reversal on dollar index from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time the prices moved close to a trend line, a weekly spike occurred, which then sent the US dollar much higher. May reversal scenario repeat!?

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Trading System Pitfalls and How to Avoid Them

Yohay — Thu, 27 Jan 2011 15:42:38 +0000

Traders following a trading system need to be aware of some of the associated pitfalls that can seriously impact the profitability of their trading. One of the most important pitfalls to avoid consists in failing to follow the system properly under all optimum trading conditions.

Guest post by Forex News Now

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Reality Bites GB£

Yohay — Tue, 25 Jan 2011 11:45:38 +0000

Following the shocking news about British economy squeezing in Q4, here’s some advice on what needs to be done in Britain, and what this means for the British pound.

Guest post by Bob Nielsen

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Dollar Outlook For 2011

Yohay — Mon, 03 Jan 2011 12:30:36 +0000

Guest post by NewstraderFX

With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to improve.

However, one cannot simply employ a buy and hold strategy (buying meaning to buy these currencies against the USD); in order to be successful in this market, you will need to use more of a “buy on the dip” approach.

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+ 550 Pips On My Last Two Trades

Yohay — Fri, 31 Dec 2010 17:08:15 +0000

Guest post by NewstraderFX

Yes-you read that correctly. I’m currently up 550 pips on long EUR/USD and GBP/USD trades. Have a look at my twitter page http://twitter.com/NewstraderFX where I posted the charts.

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USD/JPY Elliott Wave

Yohay — Tue, 07 Dec 2010 20:48:52 +0000

Japanese Yen is showing a very weak picture today across the board, losing a lot of value against the other major currencies but the most against the British Pound (more than 1%). The main driver for lower Japanese Yen is higher stock market and raising yields.

Guest post by Gregor Horvat

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Elliott Wave Video Analysis: Aussie, Euro, Gold and S&P500

Yohay — Tue, 07 Dec 2010 12:00:14 +0000

European Stocks are higher today, pushing the US dollar lower across the board. One of the strongest currencies today is Australian dollar, which is up more than 0.50% today, threatening the parity level. We see even more upside for Aud/Usd confirmed by bullish Gold prices that reached new highs this morning around 1428.

Guest post by Gregor Horvat

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Forex Social Platforms Provide Transparency

Yohay — Mon, 06 Dec 2010 14:00:49 +0000

With the exploding popularity of the Forex market and its supporting industry, the daily turnover has now surpassed the wild number of $4 trillion. This presents a very profitable opportunity for traders but it also announces to the scammers of the Web that there is money to be made here. It is for this reason that the need for true Forex social platforms is also growing. The first two on the scene are Currensee and eToro OpenBook.

Guest post by dailyforex.com

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GBP/USD – Impulsive Decline Underway!? Elliot Wave Analysis

Yohay — Wed, 01 Dec 2010 13:40:45 +0000

Cable fell sharply in the past week when US dollar gained across the board. Price broke through the support channel line connected from 1.5299, September lows which was a key breakout for a change in trend. As such we believe that an impulse structure is unfolding from 1.6300 region with a red wave 3) in process.

Guest post by Gregor Horvat

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Gold: A Corrective Pull-back?!

Yohay — Wed, 01 Dec 2010 13:21:47 +0000

Gold is trading higher for the past few days, but an upward structure from 1329 lows is showing signs of a corrective recovery after the trend changed direction on 9th of November. Important resistance region that traders should pay attention on for a potential reversal from a wave 2 high, is between 1390-1400 zone. We will remain bearish on that one as long as the market trades below all time highs. Keep in mind that any sharp decline from wave 2 top will be a very strong signal that prices are headed much lower, but right now however this is not the case yet!

Guest post by Gregor Horvat

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