Forex Crunch Aud/Usd: Coming Weakness (Elliott Wave)

Forex Crunch Aud/Usd: Coming Weakness (Elliott Wave)

Aud/Usd: Coming Weakness (Elliott Wave)

Posted: 20 Jan 2011 12:07 AM PST

Aud/Usd reversed very nicely from the 1.0070 resistance region, exactly after the market tested 61.8% Fibonacci retracement area. Upward bounce from 0.9802 was clearly made in three wave formation, and current sharp 140 pips of decline suggests that top of a black wave 2/B is in. As such, traders should now focus on more bears

EUR/USD Jan. 20 – Temporarily Lost Support

Posted: 19 Jan 2011 11:42 PM PST

EUR/USD dipped below the  all-important line, bot now managed to get back above it. It’s quite a busy day today. Will it recover?   Here's a quick update on technicals, fundamentals and community trends. * Post updated 11:20 GMT. EUR/USD Technicals Asian session:  Gradually lost ground and got close to support – fell below in

Forex Daily Outlook – January 20 2010

Posted: 19 Jan 2011 02:00 PM PST

Unemployment Claims and Existing Home Sales in the US are only a few of the highlights events. Let’s see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week, is about to reduce by 23K. Important signal of overall economic health. Later

AUD/USD Jan.20 –Aussie Continues Rise Against US Dollar

Posted: 19 Jan 2011 12:17 PM PST

The Aussie was higher again Wednesday against the US Dollar as traders shunned the US Dollar in favor of other assets. The consensus is that the pair seems to be headed for lower territory. The pair was trading at 1.0018 (+0.43%) at the time of this writing. Here's a quick update on technicals, fundamentals and

Video – Key Events and Technical Levels

Posted: 19 Jan 2011 04:30 AM PST

In the weekly interview on Forex TV, I spoke with Julie Sinha about key events this week and technical level of three pairs – EUR/USD, GBP/USD and AUD/USD. This is an eventful week for the British pound in particular. Enjoy! British inflation is above target, but the labor market is also suffering. Will we see
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