Forex Crunch Eur/Usd Oversold – Looking For Recovery – Elliot Wave

Forex Crunch Eur/Usd Oversold – Looking For Recovery – Elliot Wave


Eur/Usd Oversold – Looking For Recovery – Elliot Wave

Posted: 11 Nov 2010 01:05 AM PST

Eur/Usd is down already more than 500 pips since past weeks high, established at 1.4278 region. The pair is extremely oversold, and a five wave structure from the most recent highs suggests that Euro should recover in the very near future.  Elliott wave theory says that trend always change a direction after every five waves, [...]

AUD/USD Nov. 11 – Rocking on Job Figures

Posted: 10 Nov 2010 11:49 PM PST

AUD/USD rocked on the mixed job figures and is back to the range as G-20 meetings begin. Will the Aussie fall from the high range or is it pausing before the next move?  Here's a quick update on technicals, fundamentals and community trends.

EUR/USD Nov. 11 – Settling in Lower Range

Posted: 10 Nov 2010 11:10 PM PST

EUR/USD manages to stabilize in lower ground as the G-20 summit begins and many markets are on holiday. Will G-20 statements rock the pair? Here's a quick update on technicals, fundamentals and community trends. Euro/Dollar approachin

Currency War Song

Posted: 10 Nov 2010 02:18 PM PST

Relations between the US and China are heating on the currency front. Here's an amusing rap song about currency wars: Thanks to Jamie for the tip. The low value of the Chinese yuan is on the agenda for a long time. China is enjoying strong growth

Forex Daily Outlook – November 11 2010

Posted: 10 Nov 2010 02:00 PM PST

G20 Meetings (day I) focuses all the events on the upcoming outlook. Let's see what awaits us today.  Group of Twenty (G20); Meetings (Day 1) are attended by finance ministers and central bankers from 20 industrialized nations, about a range of g

Who Said Most Forex Traders Lose?

Posted: 10 Nov 2010 08:21 AM PST

The second part of the wide traders survey shows that only 27% lose. This is the total opposite of what we've seen in US brokers' reports. Here are a few speculations about this figure and more interesting numbers. See the first part of the forex

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