Posts Tagged ‘between’
It’s not a matter of “top picking” as I am not in the least interested in getting short.
I’m certainly not looking for a near-term fade either since the short-term time frame that I could consider are still in roaring mark up trends.
With solid green GRaB candles on the daily and a “twelve to two o’clock” [...]
USDJPY traded in a range between 81.62 and 82.23. The price action in the trading range is treated as consolidation of downtrend from 83.96. As long as 82.23 resistance holds, another fall towards 81.13 support is possible after consolidation. However, a break above 82.23 will indicate that the fall from 83.96 had completed at 81.62 [...]
View the original post at http://blog.currensee.com/2011/01/has-the-relationship-between-stocks-and-the-dollar-broken-down/
By John Forman
There’s been loads of talk this week about the correlation between stocks and the dollar thanks to an article in the Wall Street Journal and the reactions to it from folks on CNBC and in the blogosphere. The driving idea is that the relationship has broken down [...]
When the market is volatile and/or the Directional Bias of the daily is sideways (in accumulation or distribution) I will rely on my Between the Greens (BTG) set up that uses Fibonacci-based exponential moving averages to gauge corrections in the (very) short-term trend.
Notice that the upper chart has the 34EMA Wave to confirm that the [...]
Left unsaid is the fear that German growth will fall to the sub-par levels of the rest of the euro zone…
He also says the statement but out by Germany, France the UK, Italy and Spain today( that bond-holders will only take haircuts on soured sovereign debt issued after 2013) is “full of sense”.
USDCAD moves sideways in a range between 0.9979 and 1.0093. Now the price action in the trading range is more likely consolidation of downtrend from 1.0372. Another fall to test 0.9979 support is expected later today, a breakdown below this level could trigger another fall towards 0.9500 area. Resistance is at 1.0093, only break above [...]
USDJPY moved sideways in a range between 80.30 and 81.98. The price action in the trading range is more likely consolidation of downtrend from 85.92, another fall towards 79.75 (1995 low) is expected. Support is at 80.30, a breakdown below this level could signal resumption of downtrend. Key resistance is at 81.98, only break above [...]
EURUSD traded in a range between 1.3698 and 1.4152. Initial support is at 1.3860, as long as this level holds, another rise towards 1.4152 key resistance is expected later today, a break above this level could indicate that the uptrend from 1.2587 (Aug 24 low) has resumed, then further rise 1.4500 is possible. However, below [...]
GBPUSD stays in a trading range between 1.5535 and 1.5712. Another rise towards 1.5712 key resistance would more likely be seen later today, a break above this level will confirm that a cycle bottom has been formed at 1.5535 level on 4-hour chart, then another rise towards 1.5997 previous high could be seen. On the [...]
USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key resistance is still possible, a break above this level will indicate that the fall from 1.1730 (Jun 1 high) had completed at 1.0331 already. On the other side, a [...]
