We have seen some range bound movement on this pair. Having studied it further, we think we have more reason to believe a downside potential is more likely than upside. This was the case shown on the my system (Metastock chart) and also with basic analysis (Advanced Get chart).
Both the charts are daily time frame and we are getting ready for short positioning on these currencies. What we would like is a candle reversal and one other reason to add to our confluence of events. This may come in the form on fundamental or technical.
At present the recent mini trend from the 6th December looks like a bearish flag. It is holding at the 50% level so that is good for a coninuation downtrend pattern. We have the first leg, currently in the pause and now waiting for the second leg. If it reverses and does not produce a second leg then stops will kill any major losses.
Our technical analysis provides enough information for readers to understand it. Our trading systems and technical logistics are not shown as it would generally confuse most new traders. That said, those trying to analyze our technical analysis will get reasonable answers enough to take a trade. So, dont over analyze the charts and if you did and by doing so missed out on the Euro Dollar trade we highlighted last week then you have also missed out on nearly £3000 profit.
Good luck with your trades this week and good dynamic trading.
Article Source: Http://EzineArticles.com/?expert=Javid_S…
Low Yields, Weak Oil, Bottoming Gold All Equal Choppy U.S. Stocks (The Street)
NEW YORK (TheStreet) — The U.S. Capital markets are entering 2015 with chart patterns that are surprising to some Wall Street economists and strategists. The markets have confounded strategists who told investors to avoid bonds, that gold was dead and that oil prices would stop declining when a barrel of crude went as low $80. Investors wondering what's going on and what the trends will be during the year. Monthly charts will help make some sense of this. A look at the charts for Treasuries, gold and the dollar suggests that U.S. Stocks will see choppy trading. U.S. Treasury Yields: U.S. Treasury yields will stay low even if the Federal Reserve's policy-setting Federal Open Market Committee begins to raise the federal funds rate between April and June. The yield on the two-year note bottomed at 0.149% in September 2011 and ended 2014 at 0.672%. This anticipates a federal funds rate at 0.5% at some point this year. Meanwhile the 10-year and 30-year yields should stay below their 120-month simple moving averages at 3.27% and 4.00%, respectively. These longer-term yields could retest their July 2012 lows at 1.38% and 2.44%, respectively. The German 10-year yield ended …
Euro slide vs dollar: What are the likely support levels until parity? – International Business Times UK
Euro slide vs dollar: What are the likely support levels until parity?International Business Times UKNow a close look at the big downward channel of EUR/USD since 2008 shows that although the pair is headed for parity, 1.1000 is likely to be a significant support among other levels on the way. The chart above shows other levels before and after 1.1000 …
Is Inflation Over Sold?
First, for all you right minded wording detectives out there, you are absolutely right… inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two measures of a heavily manipulated bond market (chart 1) dropping impulsively.