Elliott Wave analysis is very dependent on the time frame. I'd say in context of D1 we are in w5 up since early July. In context of H1, Wave 3 up since Tuesday evening and H4 I would say it's a wave 4 (and yes they are horrible and can be long and ...

Bloomberg/Trump gave it a severe hammering but it came back off the bottom Prior to this hit new high on the daily chart and today/s movement is still less than the average daily range. I think it is still resilient. But whereas the institutions ...

Dax seems to have got legs this morning If there's something to go by, the 25EMA has crossed up through the 100EMA on H1, (using 23hr/day price feed), and I would call that a reasonably bullish signal

Dax Mid morning Wednesday I have marked 11975 as an important level below which I'd say the recovery is in doubt for another day or two. It's fickle really. In the first part of the day it attained new heights not seen since last Thursday. RSI was ...

2159 BST close of Dax30 only 2 pips from where it started 2300 Monday night. Doji D1 candle. After a fairly deep excursion lower...... After all that it could well go up Wednesday. Dow was more jittery towards the close and finished about 20 pips ...

Unusual that we have had about 7 trading days on the losing side though. But there's no law to stop it. However in the last couple days it does show signs of levelling out

I would not put any trust in the extension of a couple points in time more than 2 years ago 4 months apart, the sensitivity to a few pips in the length of either wick has a massive effect on where the lines might fan out as of now. Difficult to see ...

The best thing to do is to devise a strategy and stick to it, and try and overcome emotions and ego. Accept small steady roll up rather than a flight to glory............. money management is key Accept a max loss of say 2% per trade and you can be ...

There are buyers every time at 1.2280 who have stopped the rot 3 times or more in the last hour. Whether they are going to keep at it or give up determines where this thing goes next

Broker comment; Potential market reaction: The dollar traded lower versus a basket of currencies, in the previous session and overnight, as investors look cautiously ahead to Powell’s appearance. Interestingly the dollar index has managed to stay ...

61.8 pc retracement taking the high point of Friday 10 days ago and the lowest point of last week would suggest for long holders a medium term target of 1.2450

Broker comment seen this morning: A widening trade deficit paired with 2.0% contraction in U.S. Durable Goods Orders may trigger a near-term rebound in EUR/USD as it dampens the outlook for growth and inflation.

I'm not an Ichimoku trader really but it is noteworthy that even up to H1 it has cleared the cloud and the passed other rules which look like a clear buy signal. weekly and monthly have been buys for long ages but d1 has said reduce since coming ...

Descending trend line from 1.6 in 2008 shown in that graph could put a limit on the price rising. Anyway trends are sometimes broken............

The bigger picture Yes I think many of us tried to convince ourselves all of this week this was an unbroken upwards trend and that the market would find support. This has not been confirmed, and perhaps we have to admit the upward moves in the Euro ...

Remarks made on Reuters website The euro edged lower against the dollar, pressured by the greenback’s stronger tone and by investor caution ahead of the outcome of the Italian general election on March 4. A German Social Democrats’ poll of its ...

Ah well, unless something happens in the next 30 minutes I can't see them chasing up the price in a thin market by 50 pips to achieve the 1.2350 Perhaps not everyone in the options business is too worried, they might have hedged against other stuff ...

Manipulating price to suit a few option expiries....... That's an interesting thought, but I'd say the EurUsd market is far far bigger than what a few market makers could manipulate to their benefit, unless they're huge. A few market makers ...