ForexYell

ForexYell

* USD/JPY attempting to establish upward channel; orbiting 121.02 200-DMA * 3rd resistance: 121.75 Aug. 28-31 highs * 2nd resistance: 121.56 Oct. 26 high * 1st resistance: 121.26 Oct. 28 high * Spot: 121.10 * 1st support: 120.52 55-DMA * 2nd support: 120.07 Oct. 28 low * 3rd support: 119.62 Oct. 22 low

ForexYell

EURJPY Offers Attractive Risk: Reward Bias toward September 4th Lows Point to Establish Short Exposure: Close below 134.40 (Weekly Open Gap / TL Drawn on Closes) Target 1: 133.15 September 23rd, 2015 Low Target 2: 132.15 September 4th, 2015 Low Invalidation Level: 135.80 is 61.8% of 9/17-9/22 Range as Invalidation What happened to the JPY? After August 24th, it...

ForexYell

* 2nd resistance: 120.41 Sept. 18 high * 1st resistance: 120.09 21-DMA * Spot: 119.57 * 1st support: 119.26 Sept. 1 low * 2nd support: 119.06 Sept. 18 low

ForexYell

More INR Strength Ahead, The Bright Spot In EM Should Be In Focu

ForexYell

S&P Goldman Sachs Total Return Commodity Index

ForexYell

A significant push higher is likely as ECB QE 2.0 is floated around, which could push EUR lower a la late 2014 / early 2015. However, the DAX isn't rising like it once did, which speaks to the diminishing returns of CB support.

ForexYell

Break Above Falling Wedge Resistance Opens Up Next Leg Up on USD

ForexYell

Bounces sharply today from 21-DMA at 2.9890; lvl has served as an excellent springboard for past 3 days; 9- day RSI at ~64, turning higher; medium-term objective set at 3.1740 (161.8% Fibo extension of wave 1 projected from wave 4) located ~5% from current lvls; rising 21-DMA at 2.9888 defines uptrend

ForexYell

The larger uptrend looks set to resume now that price has broken above the corrective channel (Red)

ForexYell

Point to Establish Long Exposure: On Fib Based Retracement from 9/17 Low Target 1: 1.33520 2015 High Target 2: 1.3500 Fibonacci Target of 2002-2007 Range Invalidation Level: Daily Close below 9/17 Low, Significant CAD Strength on Close Below 1.2950

ForexYell

Point to Establish Long Exposure: On Fib Based Retracement from 9/17 Low Target 1: 1.33520 2015 High Target 2: 1.3500 Fibonacci Target of 2002-2007 Range Invalidation Level: Daily Close below 9/17 Low, Significant CAD Strength on Close Below 1.2950

ForexYell

EURGBP EYES BULL FLAG BREAKOUT TOWARD May 7th High

ForexYell

EURGBP has come into short-term resistance along a top of a bull-flag. Answering the question, ‘what is the market not doing’ shows that we’re not seeing an aggressive bid in cable or a willingness to aggressively sell the EUR vs. anything other than the USD. Additionally, the recent sideway move seems to favor a resumption of the two recent aggressive pushes...

ForexYell

Earlier this week , emerging market currencies whose prosperity is seen tide to global demand, which lately has been highly linked to China, caught a significant but short-lived bid. This came on the back of news out of China that the government would look to continue with large scale projects in order to prevent a worsening downturn in the global economy. The...

ForexYell

Brazil Credit Rating Cut to Junk by S&P adding to 2015's economic strain for EM FX

ForexYell

EURNZD DailyFX Analyst Pic Bias: Bullish EURNZD Tow I did that ard Aug 24th High Point to Establish Long Exposure: Pullback to Fib-Zone: 1.7575 Swing Target 1: 61.8% Fib Ext. & Aug. 24th High Swing Target 2: 100% Fib Ext. 1.92538 Invalidation Level: 1.73504 Internal Level (Triangle Wave E of 4: Elliott Wave Based) This Week’s Price Action Recap: EURNZD has...

ForexYell

Copper's Pop Aligning With EMFX

ForexYell

Oil Fib Symmetry