Monday, January 30, 2012

Gbp vs Jpy 1H


At the moment, I'm looking forward for a potential of bullish trend either refering to the alt counts in aqua or yellow. Otherwise, I believe market may perform another bearish continuation trend scenario in white. Good luck.

Sunday, January 29, 2012

Gbp vs Jpy 1H


At the moment, I'm looking forward for another bullish continuation trend scenario either to perform subwave 5 in aqua or major wave 3 in yellow. Otherwise, I believe we may see another bearish continuation trend scenario perhaps to perform the incomplete of subcorrective wave c in white. Good luck.

Tuesday, January 24, 2012

Gbp vs Jpy 1H


At the moment, I'm looking toward a potential of bearish retracement trend scenario either to perform subcorrective wave abc in yellow or subwave 4 in aqua. A "bull trap" pattern and a pullback from upper green channel would bolster to this scenario. Otherwise we may see an extension of subwave 3 in white. Good luck. Gong Xi Fa Cai.

Thursday, January 12, 2012

Weekly Forex News Reports by tfifx.com

In the post I want to share nice article that I found on tfifx.com site.
Weekly Forex News Reports
US payrolls surprise on the upside but USD lacks momentum

Monday, 09 January 2012 13:10 GMT+2

The December NFP (non-farm payrolls) report was the first big data release of the New Year. The above consensus (+200) outcome and the associated fall in US unemployment to 8.5% are supporting the latest string of positive data coming from the US which are in sharp contrast to the recent gloomy data coming from the Euro zone. On Friday the strong US labour market data initially pushed EUR-USD towards 1.2725 until a wave of selling shortly before close of trade sent the currency pair to 1.2697 – the lowest level since September 2010.

Although the EUR/USD managed to post new lows following the news, the modest reaction of the pair is not a surprise and indicates that the extreme short positioning is not lending any momentum on the downside. In spite the fact that fundamentally EUR/USD remains a sell, we are starting to see signs of an imminent short term rally that will shake out some of the weak longs before the downtrend resumes its descend again. Continue reading...

Tuesday, January 10, 2012

Gbp vs Jpy 1H


At the moment, I believe market will perform another bearish continuation trend scenario either to complete subcorrective wave b in aqua or the incomplete of subwave 5 in yellow. Preferably, I'm looking forward for a potential of bullish reversal trend scenario later once this complete. Good luck.

Thursday, January 5, 2012

British Pound Could Weaken Further

British Pound Could Weaken Further
By David Rodriguez,
05 January 2012 16:10 GMT
DailyFX Rss Feeds Share
ssi_gbp-usd_body_Picture_8.png, British Pound Could Weaken Further

GBPUSD – Forex trading crowds have gone from selling GBPUSD to swiftly turning net-long, giving contrarian signal that the British Pound could hit fresh lows against the US Dollar.

The ratio of long to short positions in the GBPUSD stands at a noteworthy 1.94 as nearly 66% of traders are long. Yesterday, the ratio was at -1.31 as 57% of open positions were short. In detail, long positions are 45.3% higher than yesterday while short positions fell 42.7% through the same stretch.

The dramatic shift towards crowd buying gives contrarian signal that the pair could continue lower.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Resource: http://www.dailyfx.com/forex/technical/ssi/gbp-usd/2012/01/05/ssi_gbp-usd.html

Monday, January 2, 2012

Gbp vs Jpy & Eur vs Jpy - Market Overview


Gbp vs Jpy (4H) - Preferably, I'm looking forward for a potential of bullish retracement trend scenario either to complete subwave iv in yellow or aqua. A strong bounce from the white critical line and follow by a pullback from either FR 50% or 61.8% would bolster to this scenario.


Eur vs Jpy (Weekly) - Favourably, I believe market in progress to complete the typical "Bear Trap" behaviour in the diagonal triangle pattern. Therefore, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. Happy New Year to all and good luck.