EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
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UBS
EURUSD 1.3818 Key
The Trend-Cycle model is far from perfect. Last week, it's negative readings (red bars) had me looking at the recovery from 1.3283 as a small wave .2 correction. It turned out to be much more.
Notice today that the model is turning neutral (black bar). It's the first cyclical evidence that the bear trend is indeed taking a notable breather, at a minimum. It also brings up the possibility of a rather bullish wave count. Note that the downswing from 1.5144 (November 25 high) to 1.3268 (March 25 low) now looks liked a completed five-wave move for wave ((i)). That means wave ((ii)) has been correcting higher from 1.3268.
It's maintaining the necessary three-leg path, but so far it's a bit stunted in relationship to wave ((i)). Normally, a correction of this degree would retrace 0.382 of wave (i) and/or reach the previous fourth wave of one lesser degree. In this case, those levels come in at 1.3818 and 1.3985, respectively.
Finally, and this is just one possibility, second waves often retrace 0.618 of the respective first waves. So in this case, if 1.3818/1.3985 cannot hold back this correction, 1.4427 (0.618 of 1.5144-1.3268 would certainly become a possibility.
do you think that risk appetite in equity markets may continue to pressure the dollar and provide EUR/USD support ?
I'm waiting a sharp rally on USD dispite Bernanke' fears on labour market and Us deficits
thanks
dj
I'm long short term and short long term here on eurusd stop loss 1.38
I know, as I said too, I'm waiting a better level to short EurChf again... 1.4580 will be an excellent level to enter short long term again
CAD and OIl are correlated ...
The ECB and the EU and IMF on the Greek case possible gap this weekend.