News Out of Japan Continues to Dictate Market Movement
March 17, 2011 7:23 am by Anton EljwizatThe USD/JPY fell to a record low during the start of the overnight session, as the aftermath of last week's devastating earthquake and tsunami in Japan continue to generate extreme volatility in the marketplace. The pair dropped over 300 ...
USD/CHF Likely to Enter Upward Correction
March 16, 2011 8:51 am by Anton EljwizatThe USD has dropped significantly versus the CHF in the past few days, and it is currently traded around 0.9180. And now as evident in the data below, the 8-hour chart is giving bullish signals, indicating that USD/CHF pair might ...
Shifting Risk Sentiment Creates Volatile Trading Conditions
March 16, 2011 6:58 am by Anton EljwizatFollowing yesterday’s heavy news day, currency values appear to be experiencing wide swings in value. The US went bullish versus most of its currency rivals, while the euro experienced mixed results. As this week reaches its mid-point, the rest of ...
US, Euro-Zone News Set to Generate Volatility
March 15, 2011 6:48 am by Anton EljwizatWith an abnormal number of news events coming from the euro-zone and the United States today, forex traders have been in a frenzy to place their bets before the trading day gets underway. Trading during these news events, which typically ...
Buy Signals on Platinum
March 11, 2011 8:09 am by Anton EljwizatThe platinum prices are once again dropping, and it is currently traded around $1770 an ounce. However, there is much technical data that supports a bullish move for today as described below. Forex traders involved with commodities like this can ...
EUR/USD Pushed Lower by Euro Zone Downgrades
March 11, 2011 7:38 am by Anton EljwizatThe EUR/USD appears to be recovering mildly after yesterday’s sharp plummet. Moody’s downgraded Greece and Spain’s sovereign debt, pushing the euro to recent lows. The pair fell as low as 1.3780 yesterday before recovering back to the 1.3830 price level. ...
GBP/CAD- Technical Update
March 10, 2011 9:56 am by Anton EljwizatThis pair's indicators appear to be revealing an upward corrective signal. The 8 hour chart Stochastic (slow) show impending and fresh bullish crosses, respectively, which highlights the impending upward movement of this pair. The Relative Strength Index also show that ...
EUR/CAD May Rebound Today
March 10, 2011 8:10 am by Anton EljwizatThe pair has recorded much bearish behavior in the past several days. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 8-hour chart signals that a bullish reversal is imminent. ...
Pound Comes Into Focus Today
March 10, 2011 7:27 am by Anton EljwizatWith the release of British interest rates this morning, markets will be focusing on the BOE and how the bank addresses inflation.
USD/CAD Set for Bullish Correction
March 9, 2011 1:48 pm by Anton EljwizatThe USD has dropped significantly versus the CAD in the past few days, and it is currently traded around 0.9677. And now as evident in the data below, the 4-hour chart is giving bullish signals, indicating that USD/CAD pair might ...
