Keep an eye on the USD.. In foreign currency markets people try to find a lead, something to indicate what may be coming up, from technical analysis to fundamental approaches; methods do vary in trying to decipher the FX markets. Read More…
Category : Currencies, EUR, Forex, Indicators, Opinion, USD
From the US the ADP Non-Farm Employment number did not give much joy, coming in at 170k versus expectations at 189k. The Manufacturing Purchasing Managers Index (PMI) showed continued expansion albeit below the expected figure. Read More…
Yesterday Germany released its Preliminary CPI, right on expectations. Overnight from the US Personal Spending and a measure of inflation did not surprise although spending did come at 0 versus expectations which was at 0.2% so not that far off. Read More…
All indications as of late point to EUR/PLN heading for a downtrend in the near future. The last three chart patterns manifested by this pair indicate that resistance will probably prove to be too strong as buying pressure has waned off and on over much of the last year. Read More…
Category : EUR, Forex, Pairs, Patterns, Technical Analysis
A Big W pattern is a chart formation consisting of several candlesticks over an extended period of time which resembles a W on a daily chart. The pattern features three troughs separated by two centre peaks which begin to trend toward the confirmation line at which the pattern began. It is considered to be a bullish reversal pattern. Read More…
Category : Charts, EUR, Forex, Patterns, Technical Analysis
