Although we have a white Star, which is likely to be resistance, notice the Blue line, Above the Red Line, Above the Green line.
With a strong uptrend line....NO resistance above 7450 :) No Target
GET THE NZD/JPY SIGNALS HERE
Sunday, 17 February 2013
NZD/JPY Trend continues...
NZD/JPY Trend is still in tact, despite a slight pull back the price has held, an important fact, which confirms another leg up is highly likely
Although we have a white Star, which is likely to be resistance, notice the Blue line, Above the Red Line, Above the Green line.
With a strong uptrend line....NO resistance above 7450 :) No Target
GET THE NZD/JPY SIGNALS HERE
Although we have a white Star, which is likely to be resistance, notice the Blue line, Above the Red Line, Above the Green line.
With a strong uptrend line....NO resistance above 7450 :) No Target
GET THE NZD/JPY SIGNALS HERE
Thursday, 14 February 2013
GBP/USD
The GBP/USD is showing signs of a possible reversal, by the time you read this we may have gone long....
Notice the White Star a great reversal Indicator, the strongest sign you can get..!
CCI divergence agrees with the White Star
Explosion Indicator also confirms, what are you waiting for!
MOUSE HERE GET THE SIGNAL SENT TO YOUR MOBILE PHONE NOW!
Notice the White Star a great reversal Indicator, the strongest sign you can get..!
CCI divergence agrees with the White Star
Explosion Indicator also confirms, what are you waiting for!
MOUSE HERE GET THE SIGNAL SENT TO YOUR MOBILE PHONE NOW!
Wednesday, 13 February 2013
MARKET UPDATE
EUR/USD
In spite of reports by Bild that the ECB are worried that the EUR strength will hurt recovery in crisis states, the pair settled the session higher, supported by a weaker GBP after BoE’s King hinted that near-term upside inflationary risks may be temporary ignored. Until recently the ECB rarely commented on exchange rates and therefore this comment from the ECB, which hints that Euro is too strong, has caused weakness in the EUR currency. Elsewhere, it was reported citing G7 official, the G7 are less concerned about current level of JPY. Furthermore, officials noted that statement aimed at speed of JPY depreciation and seeks to avoid overshoot and that all G7 members accept no currency war right now and Japan policy to fix domestic economy. In terms of technical levels, supports are seen at 1.3364/25 and then at 1.3300. On the other hand, resistance levels are seen at 1.3577/98 and then at 1.3660.GBP/USD
GBP underperformed its peers on Wednesday as market participants digested comments from BoE's King who said the BoE will look through CPI to support recovery. King also added that while the BoE is ready to provide more stimulus, there are limits to what monetary policy can do and that more targeted measures must complement monetary policy. GBP also came under pressure in reaction to comments from the governor who said that investors view GBP depreciation as more likely than appreciation. The Q&A by King following the release of the Quarterly Inflation Report indicated that the central bank is becoming more flexible on inflation targeting and in turn puts emphasis on growth. In turn, this implies that the central bank will not hesitate to ease further, although it remains to be seen whether more Gilt purchases will be carried out or a more creative program will be introduced. In terms of technical levels, supports are seen at 1.5490/58 and then at 1.5414. On the other hand, resistance levels are seen at 1.5700, the 10DMA line at 1.5712 and then at 1.5810.USD/JPY
The pair settled the session little changed and Japan/US 2y yield spread extended further into negative territory, which points to further JPY weakness. Nevertheless, the price action was somewhat choppy after it was reported citing G7 official, the G7 are less concerned about current level of JPY. Furthermore, officials noted that statement aimed at speed of JPY depreciation and seeks to avoid overshoot and that all G7 members accept no currency war right now and Japan policy to fix domestic economy. In terms of technical levels, supports are seen at 92.36/17 and then at 91.96. On the other hand, resistance levels are seen at 94.46 which is the Feb-11 th high and then at 94.99 which is the May 4 th 2010 high, as well as the August 24 th 2009 high at 95.10.
Tuesday, 12 February 2013
EUR/CHF A Big Move coming...
EUR/CHF be patient with this one, although we are in profit the target of 12500 may take a while...
Yellow Star, not as strong as a White Star, but notice the Trend, BLUE line above RED......the price should continue nicely into more profits
Divergence as well on the CCI, a great set up....:)
AUD/USD gone too far?
AUD/USD looks oversold, especially if EUR/USD continues higher above 13400
A white Star has appeared, a strong indicator confirming Support
CCI divergence also a clue, whilst everyone is looking to SELL, we will look to BUY
Friday, 8 February 2013
USD/JPY continues into profit...
Comments by Japanese Finance Minister Taro Aso sparked a fast and furious sell off in USD/JPY and yen crosses as traders booked their profits and dumped the pair ahead of the long Tokyo weekend. Speaking in Japanese Parliament Mr. Aso said, “The yen’s sudden move from 78 or 79 to 90 was not something we anticipated.”
That one sentence was enough to trigger a massive selloff in USD/JPY which quickly tumbled more than 150 points off the session highs to hit a low of 92.16 before rebounding to 92.50 by mid-morning european trade. Mr. Aso’s comments seem disingenuous at best since Prime Minister Abe specifically campaigned on raising the USD/JPY rate to 90.00. However, now that the pair has exceeded that target and has weakened further to hit 94.00 this week, Japanese fiscal authorities are clearly concerned with the pace of depreciation.
While Japanese officials definitely want to see further yen depreciation, the runaway rally that we’ve seen over the past few weeks may be causing both political and economic risks as the country now comes under strong criticism from its Asian neighbors while the market volatility creates hedging problems for its export driven corporate sector.
Therefore today’s statement by Mr. Aso was a clear calculated move to temper some of the investor flows into USD/JPY and allow the pair to consolidate around the 90.00-94.00 region while the Abe administration looks for a BOJ nominee and continues to assert it power over the monetary policy making apparatus.
With the weekend ahead, and serious damage done on the technical level. USD/JPY may be vulnerable to further sell-off in North American trade as shorts try to target the 92.00 level.
That one sentence was enough to trigger a massive selloff in USD/JPY which quickly tumbled more than 150 points off the session highs to hit a low of 92.16 before rebounding to 92.50 by mid-morning european trade. Mr. Aso’s comments seem disingenuous at best since Prime Minister Abe specifically campaigned on raising the USD/JPY rate to 90.00. However, now that the pair has exceeded that target and has weakened further to hit 94.00 this week, Japanese fiscal authorities are clearly concerned with the pace of depreciation.
While Japanese officials definitely want to see further yen depreciation, the runaway rally that we’ve seen over the past few weeks may be causing both political and economic risks as the country now comes under strong criticism from its Asian neighbors while the market volatility creates hedging problems for its export driven corporate sector.
Therefore today’s statement by Mr. Aso was a clear calculated move to temper some of the investor flows into USD/JPY and allow the pair to consolidate around the 90.00-94.00 region while the Abe administration looks for a BOJ nominee and continues to assert it power over the monetary policy making apparatus.
With the weekend ahead, and serious damage done on the technical level. USD/JPY may be vulnerable to further sell-off in North American trade as shorts try to target the 92.00 level.
USD/JPY continues into profit...
Comments by Japanese Finance Minister Taro Aso sparked a fast and furious sell off in USD/JPY and yen crosses as traders booked their profits and dumped the pair ahead of the long Tokyo weekend. Speaking in Japanese Parliament Mr. Aso said, “The yen’s sudden move from 78 or 79 to 90 was not something we anticipated.”
That one sentence was enough to trigger a massive selloff in USD/JPY which quickly tumbled more than 150 points off the session highs to hit a low of 92.16 before rebounding to 92.50 by mid-morning european trade. Mr. Aso’s comments seem disingenuous at best since Prime Minister Abe specifically campaigned on raising the USD/JPY rate to 90.00. However, now that the pair has exceeded that target and has weakened further to hit 94.00 this week, Japanese fiscal authorities are clearly concerned with the pace of depreciation.
While Japanese officials definitely want to see further yen depreciation, the runaway rally that we’ve seen over the past few weeks may be causing both political and economic risks as the country now comes under strong criticism from its Asian neighbors while the market volatility creates hedging problems for its export driven corporate sector.
Therefore today’s statement by Mr. Aso was a clear calculated move to temper some of the investor flows into USD/JPY and allow the pair to consolidate around the 90.00-94.00 region while the Abe administration looks for a BOJ nominee and continues to assert it power over the monetary policy making apparatus.
With the weekend ahead, and serious damage done on the technical level. USD/JPY may be vulnerable to further sell-off in North American trade as shorts try to target the 92.00 level.
That one sentence was enough to trigger a massive selloff in USD/JPY which quickly tumbled more than 150 points off the session highs to hit a low of 92.16 before rebounding to 92.50 by mid-morning european trade. Mr. Aso’s comments seem disingenuous at best since Prime Minister Abe specifically campaigned on raising the USD/JPY rate to 90.00. However, now that the pair has exceeded that target and has weakened further to hit 94.00 this week, Japanese fiscal authorities are clearly concerned with the pace of depreciation.
While Japanese officials definitely want to see further yen depreciation, the runaway rally that we’ve seen over the past few weeks may be causing both political and economic risks as the country now comes under strong criticism from its Asian neighbors while the market volatility creates hedging problems for its export driven corporate sector.
Therefore today’s statement by Mr. Aso was a clear calculated move to temper some of the investor flows into USD/JPY and allow the pair to consolidate around the 90.00-94.00 region while the Abe administration looks for a BOJ nominee and continues to assert it power over the monetary policy making apparatus.
With the weekend ahead, and serious damage done on the technical level. USD/JPY may be vulnerable to further sell-off in North American trade as shorts try to target the 92.00 level.
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