Talking Points -Elliott Wave Theory can provide clues to our location within the EURUSD trend -EURUSD finished a proposed ending wave of an ending wave of an ending wave suggesting a multi-week low on December 8, 2014 -Initial target zone is as high as 1.2900 EUR/USD Daily Chart Fibonacci Wave Ratio Analysis ...
US Dollar Forecast– Dollar’s Six-Month Bull Trend Rides on FOMC The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped this past week for the first time since the mid-October, market-wide slump. British Pound Forecast – British Pound May Finally Mount a Sustained Recovery versus USD The British Pound finished the week modestly higher but continued to trade in a tight range versus the US Dollar. Japanese Yen Forecast – USD/JPY Outlookto Remain Bullish ...
-What Do Triangles Mean? -When Do Triangle Corrections Occur? -How to Trade the Following Breakout Have you ever felt like the market has no idea what it wants or where it wants to go? This is often seen on the chart as a trendless sideways move with a lot of overlap and no clear direction. However, if you step back, you begin to recognize a pattern that can provide clues as to the next possible move with a favorable risk reward ratio. What Do Triangles ...
US Dollar Forecast– Dollar on the Verge of Major EURUSD Break After NFP-Led Rally The US Dollar has dominated the FX market in the second half of 2014. Japanese Yen Forecast – Yen to Look Past Japan Election with US Policy, Seasonal Forces Key Domestic developments remain largely an afterthought for the Japanese Yen even as the December 14 snap election looms ahead. British Pound Forecast – GBP/USD Downside in Focus on Fed Expectations, Bearish RSI Momentum ...
Traders should look for biases (trends) in the effort of getting the probabilities of success on their side, if even just by a little bit.There is a massive difference between trading and analysis, and risk management can assist in bridging that gap.Price action can offer traders built-in methods for managing and setting risk based on the environment in which they’re trading. Technical analysis is to use what’s happened in the past in the effort to trade what may happen in the ...
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