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  • EUR/USD Technical Views - Nomura, SocGen, Barclays

    From efxnews.com

    The technical strategy teams at Nomura, Barclays Capital, and SocGen provide their views on EUR/USD technical setting at current levels. Nomura: a-b-c correction complete. Extension target is 1.1098 "The rally from 1.1105 (9/22) looks like a complete a-b-c correction. The move lower from Friday is the early stages of a new decline. Expecting a break of 1.12 to be followed by a break of the channel too. Extension target is 1.1098. From an Elliott perspective, the decline from 1.1289 fits as wave-3 so a sharp move lower would be ideal," Nomura projects. Barclays: We are bearish and would fade upticks in range against ... (full story)

And then again, none of this may happen.
Nomura, Barclays Capital, and SocGen are the enemies of traders in the forex market. There is no reason to believe in them.
The analysts were all ex FF members and could not make it as a trader and all end up working as trade analysts, forex trainers or story tellers like it is happening right at this very moment....hehehe
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  • | IP XXX.XXX.215.126
D1.H4. Chart show eurousd turn bullish pettern. Eurousd will go up from today. My first short tetm short at 1.12890. According to my study...
Fed rate hike is delayed to Dec or next year. USA equity is peak. China off-load their US debt. So, $ is on down slip in near 3 months.
Quoting Jack168
Fed rate hike is delayed to Dec or next year. USA equity is peak. China off-load their US debt. So, $ is on down slip in near 3 months.
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  • | IP XX.XXX.56.185
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  • Story Stats
  • Posted: Oct 7, 2015 7:20pm
  • Submitted by:
     eFx Newz
    Category: Technical Analysis
    Comments: 6  /  Views: 2,346