Posts Tagged ‘Lows’
Well it was only a matter of time before the Euro began to trade lower as hope that a solution to the debt crisis was replaced by reality of the difficulties such a task requires. The Euro is back close to near 6-month lows vs. USD and is fast approaching lows from the beginning of [...]
EUR/JPY is trading at 10-year lows as risk aversion coming from the Euro debt crisis has caused extreme Yen strength prompting the new Japanese Fianance Minister to call for the Greek Bailout to be “transparent”. While he might believe this to be a good thing, my own personal feelings are that transparency would not be [...]
Thanks to a dual downgrade of their credit rating in New Zealand, the Kiwi has fallen to 6-month lows vs. USD. Part of the reason is also because of the risk aversion in the markets due to the Euro debt crisis, which is seemingly a reason for just about everything being lower.
However, the Kiwi is [...]
USD/CHF (a daily chart of which is shown) as of Thursday (4/28/2011) has hit its downside support target just under 0.8700 and established yet a new all-time low yesterday at 0.8669. The 0.8700 target, in previously uncharted territory, was derived by projecting the 161.8% Fibonacci extension of the last major bullish correction within the overall long-term downtrend. For [...]
Price action on USD/CAD (a daily chart of which is shown) as of Friday (4/22/2011) has established yet a new 3+ year low at 0.9453 before bouncing back up above key 0.9500 support. This occurs within the context of a strong and well-formed parallel downtrend channel extending back to the October 2010 high. For more [...]
Price action on EUR/USD (a daily chart of which is shown) as of Monday (12/20/2010) has continued its bearish stance from last week that originated off a shooting star candle which reached up to the 1.3500 price region (a 38.2% Fibonacci level) and re-tested the underside of the broken uptrend line extending back to the [...]
By James Woolley – One of the most popular methods of trading when it comes to forex is to identify and trade overbought and oversold positions. However is this really the best way to trade the forex markets?
If you’ve been a trader for any period of time you will know that it is [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In the event of a strong [...]
By Fast Brokers – The Aussie got hit hard as the EUR/USD sank below 1.20 in the wake of news that Hungary’s fiscal deficit is actually much larger than reported by the previous government. Additionally, U.S. employment data disappointed analysts due to limited private sector hiring. Aussie investors have already been concerned about the impact [...]
It’s been a wild couple of weeks as the market retraced all of its “flash crash” losses and then proceeded to sink back down near the “flash crash” lows. As I suspected, the 50-day moving averages were the caps for the bounce. On the day of the flash crash I talked about how [...]
