special reports
Article
Previous Articles
Print
- Friday, 16 October 2009 23:05:12 GMT Risk Appetite Stalls But the Dollar and Dow Maintain Trend Through Week's End
- Friday, 16 October 2009 21:47:18 GMT Market Volatility Consolidates following Disappointing Earnings (Forex Video)
- Friday, 16 October 2009 10:35:56 GMT British Pound Retraces, Euro Grapples with 1.50 Against US Dollar
- Friday, 16 October 2009 16:02:03 GMT Will A Pullback In Equities Sink The Euro?
- Friday, 16 October 2009 05:27:00 GMT Euro Down Ahead of Trade Data, Markets to Gauge Currency Impact on Exports (Euro Open)
- Friday, 16 October 2009 08:38:27 GMT Tech Talk 10.16.2009
- Thursday, 15 October 2009 22:59:48 GMT The Dollar and Dow See Little Follow Through, Yet Currencies Produce Extreme Volatility (Forex Video)
- Thursday, 15 October 2009 15:41:32 GMT GBP/USD Advance Slows at Staunch Resistance Creating Scalping Opportunity
- Thursday, 15 October 2009 14:30:15 GMT British Pound Forecast to Rally further on Forex Sentiment
- Thursday, 15 October 2009 06:51:38 GMT New Zealand Dollar Gains as Inflation Outperforms But Rate Hikes Look Suspect (Euro Open)
- Wednesday, 14 October 2009 22:24:51 GMT Dollar Follows the Dow's Push Above 10,000 Instead of Strong Retail Sales (Forex Video)
- Wednesday, 14 October 2009 18:24:03 GMT US Dollar Initially Drops on Indications the Fed Could Expand MBS Purchases
- Wednesday, 14 October 2009 05:36:26 GMT US Dollar Drops to New Low as Chinese Export Figures Boost Risk Appetite (Euro Open)
- Tuesday, 13 October 2009 21:55:42 GMT Dollar, Markets Maintain Their Sentiment-Based Momentum Despite Data (Forex Video)
- Tuesday, 13 October 2009 16:50:57 GMT Defined Trading Levels Makes USD/JPY Attractive For Scalpers
- Tuesday, 13 October 2009 04:22:35 GMT US Dollar Holds Up Despite Asian Stock Gains, UK CPI and German ZEW on Tap (Euro Open)
- Tuesday, 13 October 2009 05:28:14 GMT Risk Aversion and Geopolitical Tensions Creep In (Opening Comment)
- Tuesday, 13 October 2009 02:27:39 GMT Declining U.K. Consumer Prices Would Validate Bearish Pound Technical Outlook
- Monday, 12 October 2009 21:51:52 GMT Traders Leaning on the Dollar as its Dominance Continues to Falter (Forex Video)
- Monday, 12 October 2009 14:50:59 GMT Forex Strategy Outlook: US Dollar Range Likely to Hold on Low Volatility
**The Top/Bottom strategy is published every Wednesday on dailyfx.com. Updates and additional ideas are published everyday on FXCMTR, available to FXCM clients.
The advance from 1.1640 is either in the final stages of an extended 5th wave (from 1.2482) or has completed an a-b-c-X-a-b-c (labeled W-X-Y) correction at 1.3680. The reason that we favor the former interpretation is due to the 3 wave setback from 1.3680 to 1.3392. As long as 1.3392 remains intact, it is our view that the EURUSD will work higher (in a 5th of a 5th) to test trendline resistance just above 1.3680. We are confident enough in the pattern to get bullish now, against 1.3449 (just below the 61.8% of 1.3392-1.3552 at 1.3453), targeting 1.3680 (since we expect a reversal following a new high, we do not want to push our luck). Move to breakeven on a rally through 1.3552.
Resources
