All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Squawk / Thursday at 8:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    A Bearish Continuation Pattern on USD Index Points Lower; Ideally towards the 88.40 Region
    by Gregor Horvat

    Daily chart of USD Index shows us a five-wave bearish impulse in the making within higher degree wave C of IV. We see choppy and slow price movement for the last three months as part of a pullback, that can unfold as a Elliott Wave triangle correction. Wave 4) is usually more complex, then wave 2) and can take longer to fully develop, so weakness can still be put on hold for awhile. A break above the trend line would suggest a change in trend.

    See full article and analysis here:
    https://www.fxexplained.co.uk/forex-articles/technical-analysis/bearish-continuation-pattern-usd-index-points-lower-ideally-towards-88-4-region/
    Read the Squawk
  • Squawk / 11 December 2017 at 10:11 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    A negative EURUSD outlook, but GBPUSD is indecisive (with a downside bias)

    A restoration of a US$ Dollar strength from late November and into early December against many of the Major currencies.
    This has been driven by progress of US tax reform legislation and a broader “risk on” outlook on markets in to year-end.
    For EURUSD, we see a broader range environment, defined by 1.1553 and 1.2089, but with the asymmetrical bias to the downside.
    GBPUSD is also in a wider, non-trend range, seen as 1.3026 and 1,3658. Despite recent gains into Brexit negotiations and progress, more recent price action switches the immediate bias back to the downside.
    Read the Squawk
  • Squawk / 11 December 2017 at 10:06 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDJPY and USDCAD aiming higher

    A renewal of a positive US$ Dollar tone into early December against most G10 currencies, with US tax reform legislation moving forward and with a general “risk on” trading environment resuming.
    The US Dollar rallied into the November US Employment data release at the start of December (on the 8th) and stayed resilient through the posting of this data.
    For both USDCAD and USDJPY this sets the bias for further upside challenges to resistance into mid-December and through the holiday season into year-end.
    USDCAD aims above the key peaks at 1.2909/15/17 towards 1.3347 and 1.3550.
    USDJPY targets the key 114.73 peak, possibly for 115.50/63 and maybe 118.65, the late 2016 cycle peak.

    See the full analysis with video here: https://www.forexfraud.com/forex-articles/usdjpy-and-usdcad-aiming-higher.html
    Read the Squawk
  • Squawk / 06 December 2017 at 14:11 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Intra-day updates: Silver and German DAX by Gregor Horvat

    Silver is trading within wave v), specifically within sub-wave iv, that can see intra-day resistance at 16.18 level and push price lower. Former wave of higher degree wave iv) at 16.45 level indicates an extension of price towards the 15.86 region, where Fibonacci ratio of 61.8 can offer support and turn price higher, into a three-wave recovery.

    For the FULL report with analysis on the DAX, please go here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/intra-day-updates-silver-german-dax/
    Read the Squawk
  • Squawk / 06 December 2017 at 7:04 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USD/JPY has it finally made it’s mind up?
    by David Newman

    Technically:
    After remaining it its 500 pip range for most of the year, is it time for the pair to move up and break above 114.00?
    Additional to the range, we have also seen a downwards channel from late 2016 to September 2017. The price broke above this channel in September and has pulled back to the top of the channel.

    For full analysis and fundamentals, go here:
    https://www.fxexplained.co.uk/forex-articles/technical-analysis/usd-jpy-finally-made-mind/
    Read the Squawk
  • Squawk / 05 December 2017 at 16:16 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD Looking For A New Bounce Higher; 1.26 region Can Offer Support
    By Gregor Horvat

    USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded and found a base at the 1.2058 level.
    From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur after current wave B is finished, which can look for a base around 1.2600 and also complete a bullish H&S pattern.

    See full article qbs analysis here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/usdcad-looking-new-bounce-higher-1-26-region-can-offer-support/
    Read the Squawk
    05 December
    Morris Morris
    Good EW count on H4!
    05 December
    John Shaw John  Shaw
    Thanks very much for sharing Steve. Have a great day my friend.
  • Squawk / 27 November 2017 at 9:18 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD and GBPUSD upside bias

    The US Dollar has broadly weakened since mid-November, with the US$ particularly surrendering support versus the Euro and against the GB Pound.
    EURUSD has neutralised the bear trend with a push above 1.1880, but with the bias got a push higher through late November.
    For GBPUSD, although the market remains within a broader non-trend environment, recent pushes above resistances leaves the bias to the upside into month-end and potentially into early December.

    See our full analysis plus video here:
    https://www.forexfraud.com/forex-articles/eurusd-and-gbpusd-upside-bias.html
    Read the Squawk