cns

cns

The last few days price action looks to have completed a very nice fourth wave in an 5 wave impulse beginning from late August highs. Some of the key factors I would identify are 1) the scale of the moves, the first wave being similar in size and time is not surprising 2) the alternance principle in the retracement waves - 2 versus 4. Typically in a 5 wave set...

cns

The recent 1.0570-1.0640 ish trading range has to break at some stage, the longer we move3 sideways the more likely we continue downwards after this pattern, but in the mean time market sentiment and positioning feels like we could still get this squeeze up to the 1.09 area in the near term. On the 15 minute chart this latest dump off in EURUSD following the CPI...

cns

Looks like a decent shot at rising to 1.07 this morning on a break of the current levels 1.0645. Inverse Head & Shoulders #neckline break would point to there despite the prior trend not being huge.

cns

As dangerous it it might seem the long term #divergences seem to suggest that $CL1! might starting looking north towards the 50-60 area.

cns

As the day moves on (admitedly this is before the US numbers and all the noise that those can bring!), the daily $EURUSD charts are shaping up for a #bullish divergence (in my humble opinion).This kind of divergence when confirmed we would suggest would target a break of the recent 1.08+ highs and a move to 1.09/10. A healthy shake out if you will, something to...

cns

#Divergence this morning on the early charts (15mins) worth a look from the #buy side? The market has been feeling very oversold with almost every market participant calling for lower. To me this sounds like a time to look the other way for a #squeeze to 1.09-1.10 area. Anyone else?

cns

A divergence this morning on the short term chart (around 1.0765-70 might give a nice entry to a #long in $eurusd for a second phase of a squeeze targetting between 1.0850 and 1.09 (depending on the speed of the move. On the longer term charts it looks like a good #distribution area and a bounce to there would not damage the #medium #term #bearish move currently...

cns

Despite many market players calling for long $EURUSD positions and a recovery to 1.11/1.12, when we look at the hourly chart the recent trend remains downward with lower highs, but higher lows into this consolidation/wedge pattern. A continuation would be to be expected but should arrive soon and re-test the post #FOMC lows to confirm the the Medium Term downward...

cns

Over the last few days it's been a rocky road, but it looke like we might have seen a last spike to hit the top of a downward channel to keep the downward longterm $EURUSD move in play.

cns

Looks like this might be a decent spot to sell $eurusd after some morning profit taking on the short side. Lots of folks out there still talking about the market breaking up and trying to buy it back to last night's break but we'll see.

cns

Worth the morning wait $EURUSD, #divergence #halo, looks like a decent divergence squeeze to sell on this re-test of the morning's highs with a good divergence to boot

cns

It's kind of double edged in that if they (FOMC) raise it should strengthen the dollar directly in attracting short term flows, and in that they see a strong economy. If they don't it would allow the economy more time to grow and strengthen. Europe is still picking up the pieces and hasn't even got to the big problems in some countries like France you might say....

cns

A bit late in the office this morning but the HALO Cross Divergence kicked off it's sell signal on the failure from 1.1070+.

cns

HALO Cross (proprietary indicator) gives another strong divergence sell signal this morning off the 1.1050 level. Definitely wirth a short imo, to bring things under the 1.10 mark and slide through 1.0990 seems reasonable.