Thursday, January 31, 2013

Gbp vs Jpy (1H)


At the moment, the continued bullish rally indicate that market still in progress to consolidate which I believe to complete an exhausted of wave v/5 either referring to the alt counts in white or yellow. A valid diagonal triangle pattern later would bolster to this scenario. Good luck and happy weekend.

Euro rally based on nothing



Whatever you might think about Euro and its recent advance we can clearly state that this optimism of Euro bulls is built on nothing. Of course, I understand that strength of any currency always depends on trust of investors who are buying that currency. That is what ECB Draghi tried to do a few times in a matter of half a year. He said that ECB will do whatever it takes to provide stability and insure growth for failing European economies. However, these are only words. ECB actions will do no good neither for economy of the region, nor for its’ currency: Euro. 

I mean how you can take hard earned money of those who work and give it to those who only want to celebrate. By this I mean South European countries with the mentality that they have. Principles and interest continues compiling in a geometrical progression on those loans that none of the European countries will be able to pay. Investors will eventually come to their senses and drop their long Euro positions and start selling this flawed currency. It will drop like a rock and nobody will be able to stop it. So, be careful about being long in Euro. 



If you are ready to trade Forex, futures, indexes and stocks I recommend Etoro. 

Disclaimer
Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog http://forex-demo-account-fibo777.blogspot.com/ is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.

Wednesday, January 30, 2013

Gbp vs Jpy (1H)


At the moment, please be noted that yesterday alt count in white was already invalid. Favourably I am still looking toward for a potential of major bearish retracement trend scenario refering to the latest alt om white. Otherwise, I believe market will perform another bull trap pattern in yellow before start to bearish. Good luck.

Tuesday, January 29, 2013

Gbp vs Jpy (1H)


Preferably, I am looking for an opportunity of bearish continuation trend scenario to perform subwave iii, iv and v refering to the alt count in white. A breakout toward the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful since market also have potential to perform another bullish rally to complete a bull trap of wave v/5 in yellow. Good luck.

Sunday, January 27, 2013

Gbp vs Jpy (1H)


At the moment, I am looking toward a potential of bearish retracement trend scenario to perform major wave 4 in white. A breakout to the lower red trendline and bearish continuation critical line 1 would bolster to this scenario. Otherwise, I believe market may in progress to complete major wave 5 in yellow. Good luck.

Tuesday, January 22, 2013

Gbp vs Jpy (1H)

At the moment, I am looking toward a potential of bullish retracement trend scenario to perform a subwave ii before another bearish continuation trend scenario to complete major wave 4 refering to the alt count in yellow. Please monitor closely aqua and yellow critical line for further confirmation. Good luck.

Sunday, January 20, 2013

My expectations for Forex next week



It is good to do some analysis before the week starts so that one could be ready to actually take trades. I like doing that type of analysis on Saturdays and Sundays. So, when Monday comes I am often ready to make real trades. Since I am proactive I can wait patiently and select the best trades. It usually rounds up to about 2-3 trades per week. I hardly ever overtrade.

So, Looking at Euro pairs I see that we can expect recent ranges to remain with some bearishness coming at Euro in eur/aud and maybe eur/jpy pairs. eur/usd will probably try make new highs and get to 1.35 at last. My special focus will be eur/cad as we have rate decision from Canada this week. 

Pound will most likely find a bottom against US dollar. gbp/jpy will try to make new highs, but will have to get to new level of support. In the same fashion eur/gbp will definitely go down. Pound seems to be the biggest weakling. Well, Yen is, but you should not forget that what once is very weak will become very strong. 

Yen can rebound somewhat, but the downward trend will probably not be over yet. We need some fundamentals to confirm trend change. 

I bet on Euro weakness this week. However, buying near support after correction will take place is a good idea too. 



If you are ready to trade Forex, futures, indexes and stocks I recommend Etoro. 


Disclaimer
Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog http://forex-demo-account-fibo777.blogspot.com/ is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.
 

Wednesday, January 16, 2013

Gbp vs Jpy Daily


At the moment, I am looking toward a potential of bullish continuation trend scenario to complete subcorrective wave a,b and c either refering to the alt count in yellow (HNS) or white (double top). Otherwise, we may see another bullish rally in aqua. Good luck.

Tuesday, January 8, 2013

Gbp vs Jpy 1H & Daily

Gbp vs Jpy (1H) - At the moment, I believe market will perform another bullish continuation trend scenario either refering to the alt counts in yellow or aqua. Otherwise we may see another bearish continuation trend in white.

Gbp vs Jpy (Daily) - Preferably, I believe market in progress to complete a major wave 3. Therefore, I am looking forward to the potential of bearish retracement trend scenario to perform major wave 4 either in yellow or white. Otherwise, we may see an extension of major wave 3 in aqua. Good lucks.

Saturday, January 5, 2013

Do not forget Forex crosses



If you visit most of Forex forums and read Forex forums you will find out that most traders and analysts are interested in major currency pairs. The most popular of course is eur/usd pair. Unfortunately, most traders miss a lot of opportunities that other currency pairs and crosses present. Take variations of Canadian and Australian dollar pairs and see how big trends they develop. You might be surprised. One can get thousands pips in a few weeks when trends start in these crosses. And trends are often more usual than they are in major pairs. 

Last year was particularly good for eur/jpy, gbp/jpy, eur/aud and gbp/aud crosses. Just look at your charts to see what huge moves they had in 2012. Some expect these moves to continue in 2013. I have already said that I expect Yen to reverse and strengthen, possibly in the first quarter of this year. I also believe Australian dollar will continue strengthening particularly against European currencies: Euro, Pound and Swiss franc. 

You should remember that the key in Forex trading from fundamental point of view is monetary policy of Central banks and since commodity currencies have biggest interest rates and those will probably continue increasing than one can have very profitable long positions commodity crosses. 

Ok, that much about Forex crosses! See you soon. 



If you are ready to trade Forex, futures, indexes and stocks I recommend Etoro. 


Disclaimer
Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog http://forex-demo-account-fibo777.blogspot.com/ is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.