FX Expo videos
Morning notes:
Markets are awaiting Bernanke testimony tomorrow. As a result, major movements are unlikely until tomorrow. Little has changed on the mode and the current trend.
EURUSD - Less Look to 12900 and support channel. Watch the string closely as a drop below would be a "say" that the decline of 13379 is a 3rd wave instead of a C wave. Resistance extends to 13250 and 13379 is the key level (below is downward).
GBPUSD - tests a huge level defined by the upper tracing and 61.8% 31/10/11 of the decline of the 2011 high. I would be surprised if this level gives way easily.
AUDUSD - ICC was good enough for a test of 10250 but not 10225. The volatility is low over the years is certainly not conducive to the workshops. 10464 rest level of the trend higher while exceeding 10390 would impoverish the confidence in the bearish bias.
USDJPY - the United States 10 years made a new high Monday to create a divergence with the Yen. This was the trigger, so I waited. Despite the actions that appear vulnerable, reward/risk here justify long. It can take several attempts to align with the bull USDJPY long-term trend.
Morning notes:
Markets are awaiting Bernanke testimony tomorrow. As a result, major movements are unlikely until tomorrow. Little has changed on the mode and the current trend.
EURUSD - Less Look to 12900 and support channel. Watch the string closely as a drop below would be a "say" that the decline of 13379 is a 3rd wave instead of a C wave. Resistance extends to 13250 and 13379 is the key level (below is downward).
GBPUSD - tests a huge level defined by the upper tracing and 61.8% 31/10/11 of the decline of the 2011 high. I would be surprised if this level gives way easily.
AUDUSD - ICC was good enough for a test of 10250 but not 10225. The volatility is low over the years is certainly not conducive to the workshops. 10464 rest level of the trend higher while exceeding 10390 would impoverish the confidence in the bearish bias.
USDJPY - the United States 10 years made a new high Monday to create a divergence with the Yen. This was the trigger, so I waited. Despite the actions that appear vulnerable, reward/risk here justify long. It can take several attempts to align with the bull USDJPY long-term trend.
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