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David Rodriguez, Quantitative Strategist — Wed, 22 Feb 2012 22:21:00 GMT

Guest Commentary: MarketVisionTV - Potential Downside Correction is Finally Over

Don Haines at www.MarketVisionTV.com, — Wed, 22 Feb 2012 20:15:00 GMT

Following the aggressive rally to 1.0845 we have entered a messy downside correction that thus far has lasted 10 days. The first leg of this dip finished with the 3 wave decline to 1.0640 before developing a complex interim upside B wave with an irregular pattern to marginal new lows and culminating with the gap higher to 1.0815. This set an ideal C equals A decline of 210 points to the downside target of 1.0610. Although somewhat complex we suspect this 5 wave C may well have ended with the dip to 1.0605. Thus look for an upside break of the channel structure and more importantly the 1.0700 pivot point to confirm the end of the move and the resumption of the uptrend to the next 1.0920 trend target. Failure to clear this down channel and a break to new lows should find support at the ideal 38.2 percent of the third wave retracement target of 1.0570 before higher.

Trading the U.S. Existing Home Sales Report With David Song

David Song, Currency Analyst — Wed, 22 Feb 2012 16:45:00 GMT

Join DailyFX Currency Analyst David Song to cover the U.S. Existing Home Sales report for January.

Scalping with Michael Boutros

Michael Boutros, Currency Strategist — Wed, 22 Feb 2012 16:11:00 GMT

Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of scalping in the FX market.

Technical Outlook for Major Currencies - February 22, 2012

Joel Kruger, Technical Strategist — Wed, 22 Feb 2012 08:14:00 GMT

USD/JPY has bbecome the market to watch with the pair breaking out from a multi-month tight consolidation to show signs of a major structural shift. The daily RSi is now at its highest levels in over 10 years.

Why Hasn’t EURUSD and S&P 500 Rallied with Greek Bailout Approval?

John Kicklighter, Currency Strategist — Tue, 21 Feb 2012 23:53:00 GMT

For months, both the Euro and global capital markets have been following the Greek financial crisis for cues on positioning. However, on a day where the situation seems to find tangible relief, EURUSD and equities fail to follow up with meaningful relief rally.

Guest Commentary: MarketVisionTV - Is History repeats itself on $ Swiss Then...

@EdMatts on www.MarketVisionTV.com, — Tue, 21 Feb 2012 17:40:00 GMT

$ Swiss is repeating itself...over and over and over again. Take the three rallies from the 70.85 August 2011 low. Starting with the first rally from the 70.85 a seemingly complete trend sequence that is consolidated broken retraced and ended.. with a consolidation top..then a sharp three legged decline a correction retracing 45.6& of the rally before... The second rally Swiss national bank inspired rally.. a seemingly complete trend sequence that is consolidated broken retraced and ended.. with a consolidation top..then a sharp three legged decline a correction retracing 46.6% of the rally before The third rally.. is it different? a seemingly complete trend sequence that is consolidated broken retraced and ended.. with a consolidation top..then I should say a sharp three legged decline a correction retracing 45.6& of the rally but what rally....
To find out what rally and what this could all mean.. then check out the Daily Perspective by my colleague Don Haines on Tuesday on www.marketvisiontv.com

Scalping with Michael Boutros

Michael Boutros, Currency Strategist — Tue, 21 Feb 2012 17:25:00 GMT

Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of scalping in the FX market.

Technical Outlook for Major Currencies - February 21, 2012

Joel Kruger, Technical Strategist — Tue, 21 Feb 2012 07:04:00 GMT

Euro now considering the establishment back above key short-term resistance by 1.3325. A daily close above the level will open a push towards 1.3500 further up.

EURUSD Gaps Higher On Hopes for Greece, But Where’s the Confirmation?

John Kicklighter, Currency Strategist — Tue, 21 Feb 2012 00:42:00 GMT

Expectations and speculation are still the primary catalyst for risk-sensitive markets. That was confirmed with the week's open as EURUSD, AUDUSD, equity futures and everything tethered to risk gapped higher as hope was riding high that the EU Ministers would finally reach a definitive conclusion on Greece's second rescue package.

Weekly Market Conditions Webinar with David Rodriguez

David Rodriguez, Quantitative Strategist — Mon, 20 Feb 2012 17:07:00 GMT

Technical Outlook for Major Currencies - February 20, 2012

Joel Kruger, Technical Strategist — Mon, 20 Feb 2012 07:58:00 GMT

Euro remains locked in consolidation while Cable well bid but holding below the 200-Day SMA. The yen continues to show signs of major reversal after breaking October intervention lows.

Guest Commentary: MarketVisionTV - Simple or Complex Targets Should be the Same!

Don Haines at www.MarketVisionTV.com, — Fri, 17 Feb 2012 18:00:00 GMT

While we remain quite comfortable with the fact that the decline from the third wave peak of 1.0845 is corrective and will eventually break higher, we are still wrestling with the structure of the pattern. Were if not for this particular wave sequence in a 3 wave format where we should have seen a 5 wave pattern, we could just label the drop to 1.0625 an A wave and the rally to 1.0800 a B wave. This would project a C wave decline equal to the A wave of 1.0580. However, from a timing standpoint, this three wave decline to 1.0625 may be an interim B wave low in a more complex double flat pattern that could still force an interim drop to 1.0640 and a final attempt at 1.0775 to 1.0800 before the second and final decline to an ideal 1.0575-1.0580 target zone. This lower level represents a full 38.2 percent correction to the entire rally from 1.0140 and should set a base for the next leg of uptrend to 1.0920 and probably a rally to test the 1.1080 medium term peak.
By Don Haines, MarketVisionTV.com

Technical Outlook for Major Currencies - February 17, 2012

Joel Kruger, Technical Strategist — Fri, 17 Feb 2012 08:08:00 GMT

Euro fails to show follow through after breaking below 1.3025. Now it is a game of wait and see and we remain sidelined until clearer directional bias presents.

AUDUSD and S&P 500 Sit at Serious Highs, Conviction Still Lacking

John Kicklighter, Currency Strategist — Fri, 17 Feb 2012 01:32:00 GMT

All things Euro and risk rallied through Thursday's trading session with another round of vows made to push forward the Greek rescue. Yet, these promises are still little more than words until action is taken.

Guest Commentary: MarketVisionTV - GBPJPY - The Transparent Trade...So Clear...

@EdMatts on www.MarketVisionTV.com, — Thu, 16 Feb 2012 15:40:00 GMT

Sterling Yen has maintained very clear and clean price action since the Spiral rally started from the 117.80 and 119.60 lows. So having held the 121.40 pivot it is now entering the last stages of at least the short term uptrend beyond the conservative 123.20 target to the ideal 124.20 target (C=A just beyond the 61.8% of A leg in a daily triangle and the 1.618 of 1 objective) to complete the three wave rally..perfectly. We are looking to sell further strength then in the next 48 hours for a loss of 122.65 to encourage 121.40-80 again but with potential clearly for at least 118.10 the 61.8% of the B leg in that Daily Triangle. A Very clear trade then. Our only problem is the stop as only a rally through projects a spike to a C=1.618 of A at 127.30 to end a larger correction.
Further Videos and Commentarieis are available from www.marketvisiontv.com or @EdMatts on Twitter

Scalping with Michael Boutros

Michael Boutros, Currency Strategist — Thu, 16 Feb 2012 15:32:00 GMT

Key breaks are now in view on multiple setups. Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of scalping in the FX market.

Technical Outlook for Major Currencies - February 16, 2012

Joel Kruger, Technical Strategist — Thu, 16 Feb 2012 07:43:00 GMT

The Euro has broken down below key short-term support at 1.3025 and the break could suggest that a medium-term lower top is now in place by 1.3325 ahead of the next major downside extension back into the 1.2000's. At this point we will wait for confirmation and look for a daily close below 1.3025.

Greece Uncertainty Remains, EURUSD and S&P 500 May not Wait for Resolution

John Kicklighter, Currency Strategist — Thu, 16 Feb 2012 02:50:00 GMT

Scalping with Michael Boutros

Michael Boutros, Currency Strategist — Wed, 15 Feb 2012 19:10:00 GMT

Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of scalping in the FX markets.

Guest Commentary: MarketVisionTV - EURGBP Expansion has Reached Breaking Point

@EdMatts, www.MarketVisionTV.com, — Wed, 15 Feb 2012 15:35:00 GMT

Euro Sterling continues to beg the question of a correction from the 98 high in time or distance.... The answer should be provided very soon with further erratic but bullish price action as opposed to clean bearish price action and by a Reverse (that is expanding) Mandelbrot analogy. The drop to 82.20 satisfied a three wave decline a complex double zig zag...the C and third leg of a bullish triangle and therefore a consolidation base. What we need now is overlap with the 85.15 pivot to confirm. And the price from the 82.20 low supports this as it is repeating itself on a larger scale projecting today as equivalent of January 11th and imminent break through 84.10 to confirm and accelerate an inverse head and shoulders to an analogy (a 2.5 multiple) target of 85.90 to end the first leg of a new triangle upswing to 88.85. Until then we must allow further consolidation with a loss of 83.50 retesting 82.70. Only a failure to sustain the break of 84.10 (or indeed a loss of 82.20) suggests clean trending price action within an initial retest of hte 80.65 low but an eventual final spike to 77.85.
Further Videos and Commentaries are available from www.marketvisiontv.com or @EdMatts on Twitter

Technical Outlook for Major Currencies - February 15, 2012

Joel Kruger, Technical Strategist — Wed, 15 Feb 2012 06:49:00 GMT

Nothing too exciting going on with the Euro locked in a choppy 300 point range at the moment. We will need to see a break above 1.3325 or below 1.3025 for a clearer directional bias.

EURUSD Threatens Collapse if Greek Deal Falls Through, S&P 500 Close Behind

John Kicklighter, Currency Strategist — Tue, 14 Feb 2012 23:21:00 GMT

Things were looking dangerous in the past trading session as proxies for the dominant fundamental themes (EURUSD for Greek, AUDUSD and S&P 500 for risk appetite) testing the fading confidence in the bullish, capital market drive.

Scalping with Michael Boutros

Michael Boutros, Currency Strategist — Tue, 14 Feb 2012 16:49:00 GMT

Join Currency Strategist Michael Boutros as he offers current setups and reviews the mechanics of scalping in the FX markets.

Live Coverage of U.S. Retail Sales With David Song

David Song, Currency Analyst — Tue, 14 Feb 2012 16:20:00 GMT

Join DailyFX Currency Analyst David Song as he covers the impact as well as the reaction of the U.S. Retail Sales report.