|
<
Entries in category: 39 Shown entries: 33-39 |
Pages: « 1 2 3 4 5 |
Sort by:
Date
The pair is trading along the uptrend, which has a local growth target
at level 1.4635 (“F” trend line). In case that level is passed, the
next target level will be set to resistance 1.4719 (2008.12.18 high). |
he pair is trading along the uptrend, which has a growth target set to
a rather distant level 1.6900. Although that level is far away there
are no serious resistances on the way up, so reaching that level is
completely real. In order to continue the uptrend the pair needs to get
over resistance 1.6590, while the nearest support is found at level
1.6535. |
The gold is on the way up, and it is supposed to reach the local target
– resistance level 1025 (“K” trend line, see weekly graph). After
having a rest at the higher bound of broken “B-B+” daily uptrend, the
gold started some consolidation (a figure of trend continuation is
being formed). |
COT data is yet another piece of the puzzle that warns of a USD low.
EUR, AUD, NZD, CAD, and CHF long positions are at their highest levels
in year(s). Previous instances of one sided positioning led to
reversals. |
The following is our monthly correlations update for October. As we
have stated time and again, correlations between different currency
pairs will inevitably shift over time. |
Forex Options and Futures markets show
US Dollar sentiment at near-record bearish extremes against almost all
major counterparts, and one-sided positioning suggests that the USD is
near a major turning point. |
Correlations between currencies are not arbitrarily developed. They are
often born from fundamental commonalities between various pairs, shared
traits whose importance can wax or wane with time.
|
|
|
FOREX SEARCH
|