Forex Crunch Usd/Jpy Triangle, bearish breakout to come!

Forex Crunch Usd/Jpy Triangle, bearish breakout to come!

Usd/Jpy Triangle, bearish breakout to come!

Posted: 07 Mar 2011 05:18 AM PST

Three-wave structures are shown on a daily chart, with the trapped price action between 80.30 support and 84.00/40 resistance region for some time now. We know that three-wave formations are corrective waves, and as such, the whole price structure since October 2010 must be a corrective pattern, that may finish soon. Wave E, final leg

EUR/USD Looks to Libya, Not Greece

Posted: 07 Mar 2011 03:26 AM PST

Credit rating agency Moody’s has downgraded the rating of Greece by a whopping 3 notches. Their official rating fell from Baa1 to Ba1. The outlook remained negative, meaning that Greece is likely to be hit again by Moody’s. EUR/USD is unaffected as the Middle East pushes sends the dollar down. Update. The BBC reports about

Saudi Arabia Day of Rage – on Monday – Oil Leaps

Posted: 07 Mar 2011 01:00 AM PST

The “day of rage” in Saudi Arabia will take place today, Monday, March 7th, instead of Friday. The organizers of demonstrations in the Saudi Kingdom have decided not to wait and to take to the streets in many Saudi cities – not only in the Shiite areas around the Persian gulf, but also in major

EUR/USD Mar. 7 – Capped by Strong Resistance

Posted: 06 Mar 2011 11:04 PM PST

EUR/USD is just below important resistance as a new week brings worries that push the Euro higher, and concerns that weigh against it. Will it manage to break higher? Or will it turn around? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Calm session. Euro/Dollar between 1.3950 to 1.40..

NZD/USD Outlook – March 7-11

Posted: 06 Mar 2011 10:16 PM PST

Building Consents, Rate Decision and RBNZ Monetary Policy Statement are the main events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for MZD/USD. Finance Minister Bill English said on March 5, the earthquake disaster in the city of Christchurch is estimated to cost NZ$15 billion ($11 billion) and

Forex Daily Outlook – March 7 2011

Posted: 06 Mar 2011 02:00 PM PST

We start the week with Building Permits in Canada and much more exciting events. Let’s see what awaits us today. In Canada, Building Permits, an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building; and is about to rise by 0.9%. In the US,

AUD/USD Mar.07–Aussie Closes Week Lower against US Dollar

Posted: 06 Mar 2011 12:12 PM PST

The Aussie closed the week slightly lower against the US Dollar Friday, following good US economic data. It closed the week at 1.0137, down 0.07% for the day and 0.11% for the week by the end of trading. Will the US open its oil reserves to ease the soaring price of oil? Here's a quick

Portugal Bailout – In A Few Weeks

Posted: 06 Mar 2011 10:19 AM PST

Portugal is likely to receive a bailout program in a few weeks. Yields on Portuguese yields refuse to drop from the 7.50%. Bonds on 10 year notes are a good benchmark of confidence that the market has. Ireland received its bailout when bond yields reached 7%. 7% marks the point of no return. April is

USD/JPY Outlook – March 7-11

Posted: 06 Mar 2011 10:03 AM PST

Governor Masaaki Shirakawa speech, Core Machinery Orders and Final GDP are the highlight of this week. Here is an outlook on the important events ahead and an updated technical analysis for USD/JPY. Bank of Japan board member Tadao Noda announced last week that Japan’s economy is beginning to emerge from a slowdown along with the

Canadian Dollar –March 7-11

Posted: 06 Mar 2011 06:22 AM PST

Housing and Employment Data are the major events this week. Here is an outlook to this week’s market movers, and an updated technical analysis for USD/CAD. The Bank of Canada left its key interest rate unchanged at 1 % last Tuesday and gave no signal of rate hikes in the near future. However, the BOC
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