Experienced traders know that the probabilities in picking a major top or bottom in markets are exceptionally low – and therefore, the pursuit of timing exact turns is foolhardy. That said, extremes cannot last. Read More Forex Japanese Yen Extremely Prone to Reversal With or Without Risk
Posted in FX News | Tagged extremely, forex, japanese, or, prone, reversal, risk, to, with, without, yen |
The US Dollar staged a recovery from support as the S&P 500 chart produced signs of coming bearish reversal, hinting the haven currency may continue higher. Read More Forex Analysis US Dollar Bounces as SdanP 500 Chart Points to Reversal
Posted in FX News | Tagged 500, analysis, as, bounces, chart, dollar, forex, points, reversal, sp, to, us |
The greenback continues to consolidate during the North American trade, with the Dow Jones-FXCM U.S. Dollar Index holding within Friday’s range, but we may see the reserve currency track higher ahead of December amid the shift in the policy outlook. Read More Forex USD To Rebound Ahead Of Fed Beige Book JPY Reversal Under Way
Posted in FX News | Tagged ahead, beige, book, fed, forex, jpy, of, rebound, reversal, to, under, usd, way |
The Japanese Yen finally showed signs of activity, posting its single-largest weekly move since setting a bottom versus the US Dollar (ticker: USDOLLAR) in August. A significant turn in retail forex trader sentiment suggests a larger reversal may be underway, but a key US Federal Reserve interest rate decision could force significant volatility out of [...]
Posted in FX News | Tagged be, decision, fed, japanese, on, put, rate, reversal, test, the, to, will, yen |
Picking tops and bottoms is always a risky venture. Yet, trends eventually end and reverse. And, so we have EURUSD which has retrated back below 1.3000 and GBPUSD which has driven an astounding seven-week consecutive rally. Are we at a turning point or merely pausing before continuing higher? We look at the backdrop market conditions [...]
Posted in FX News | Tagged and, eurusd, for, gbpusd, next, or, reversal, trend, week |
After a hearty round of selling, the dollar finally managed to bounce this past week. In fact, EURUSD closed out its first bearish week in six with the close below 1.3000. Yet, we need to look beyond the simple positive / negative performance and more to the character of the move. Read More Forex Dollar?s [...]
Posted in FX News | Tagged close, confirm, doesnt, dollars, first, forex, in, positive, reversal, six, weeks |
The weight of evidence remains bullish Yen crosses, probably through September. A bearish EURAUD reversal is probable. Read More Yen Crosses Still Bullish and EURAUD Reversal Risk is High
Posted in FX News | Tagged and, bullish, crosses, euraud, high, is, reversal, risk, still, yen |
With a significant upgrade to the Fed’s stimulus efforts (an effective means for devaluing currencies) and strong run in risk appetite trends this past week, the dollar suffered mightily. Yet, the experienced fundamental traders understand that trends cannot subsist on momentum itself. Read More FOREX Dollar Suffers Worst Week in 8 Months, Reversal Serious Possibility
Posted in FX News | Tagged 8, dollar, forex, in, months, possibility, reversal, serious, suffers, week, worst |
EURUSD and AUDUSD may have posted their biggest rallies since October and November respectively, but there is a heavy speculative concensus against this representing a new risk and euro-positive trend. Read More Are EURUSD and AUDUSD Reversal Candidates after Dubious EU Summit
Posted in FX News | Tagged after, and, are, audusd, candidates, dubious, eu, eurusd, reversal, summit |
Swiss Franc: Will the SNB Take Action Against CHF Strength? … For the metal, we can attribute much of the metal’s advance to the greenback’s struggle in … 35 Vote(s) Read More Dollar Rejects Another Dangerous Reversal Test
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