Forex Charts
FX Daily
Focus will continue to be on the geopolitical developments in Ukraine. In addition,the Q1 reporting season speeds up with among others Intel, Yahoo,
USDJPY – small bear triangle implies another new April low
Bear flag support is containing this decline just above the critical 101.21 support level. The level is key because it is a series of pivot lows and a Fib extension target,
EURUSD – sharp wave-(2) correction to .764 Fib still considered
The Euro rallied to the limits of a viable correction by reaching the 76.4% retrace; only because this is a proposed wave-(2) does it warrant the consideration of such a deep retrace.
FX Daily
The geopolitical situation in Ukraine will probably be the main focus after deadlyclashes on Sunday in eastern Ukraine and the Ukrainian government’s announcementthat it will move troops into
FX Daily
The main release will be US consumer confidence for April from University ofMichigan. We expect it to be unchanged at 80.0.
EURJPY – 3 extension targets suggest a wave-(c) decline to 138
Wave-(c) lower of a large triangle is targeting 138. At 138, two separate extension targets align; the first is the ideal wave-(a) x .618, the second is wave-w x 1.618.
FX Daily
Another day with few releases of interest on the global scene. French industrialproduction is expected to rise moderately by 0.2% m/m in February underlining aslow French recovery.
FX Daily
Another quiet day on the global agenda. FOMC minutes tonight might beinteresting given the upward adjustment to the Fed rate projections at the Marchmeeting.
FX Daily
There are no big market movers today. The UK releases industrial production forFebruary, which is expected to show a moderate rise of 0.3% m/m.
FX Daily
A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January.
USDJPY – bearish shooting star candle occurs at low end of target zone
Prices have so far stalled at the low end of the 104.07/45 target zone that we outlined over the past 2 days. This is the top of a bear flag and a series of extension/symmetry targets.
AUDUSD – wave-iv pullback reaches target zone; shift focus to .9385
Wave-iv reached our proposed pullback “…zone b/w .9227/9145”. In doing so prices not only held pivot support but a series of Fib retracements that clustered around .9207.