Tag Archives: USD

USDJPY : Correction Within Uptrend

Gregor Horvat

USDJPY has turned sharply lower in the last few weeks which now looks like a new leg within ongoing complex correction. We are tracking red wave 4) which can be a triangle or even a flat, but for now we will focus on a triangle which means that current leg down can be limited around 118.00 area. We would not be surprised by a bullish turn up into wave D later this month. more…

USD/JPY: 2016 A Year For The Bulls Or Bears?

Fawad Razaqzada

It is already the end of 2015 and what a year it has been for the financial markets. US equity markets took investors for a wild ride only to end almost where they started; oil was on a slippery slope as it plummeted to multi-year lows as OPEC decided to keep its taps open, adding more crude to an already-saturated market due to the shale revolution; the Swiss franc soared in January but bled lower for much of the year after the SNB more…

GBPUSD : Downtrend Continuation

Gregor Horvat

GBPUSD has turned bearish in the last two weeks after only three wave bounce from 1.4893 to 1.5240 which was a corrective move; a zigzag. As such, we are bearish on GBPUSD and will expect more weakness after any pullback. At the moment trend is still down but wave 1 appears complete so be aware of a corrective bounce up into wave 2 that can be looking for a resistance near 1.5000 next week. more…

GBP/USD: Traders Take A Dark View Of Black Friday Sales

Matt Weller

Despite some permabears’ fears, the sun did indeed rise this morning and the world most certainly didn’t end after the first interest rate hike from the Federal Reserve in nearly a decade. As we noted in our instant analysis, the decision was far from the “dovish hike” that many traders had been expecting; for what it’s worth, the median FOMC policymaker still anticipates increasing interest rates four times, or at every other meeting next year, though Fed Funds futures traders are more skeptical, only pricing in a total of two rate hikes, to around 1.0% by end-2016. more…

EURUSD PRE FOMC Bi-Directional Channel

Nenad Kerkez

As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone. Today we will witness a historical FOMC meeting where we could see the first change of rates since the end of 2008 and the first increase in official rates since mid 2006. more…