Industry News
Forex Market Commentary April 27th 2011
Date Posted: 2011-04-26
Source: http://
Forex Market Commentary---All JPY currency pairs are still on their wave 5 upward, seen best on the 4 hour time frame. EUR/USD and GBP/USD along with most other currency pairs have had a new break out to a wave 5 or wave 1 of a wave 5. USD/CHF and USD/CAD are in opposite correlated positions, but also breaking out. Watch for the completion of the consolidation as the New York Market opens. All currency pairs seem to be in a similar consolidation, but ....
Forex Market Commentary April 26th 2011
Date Posted: 2011-04-25
Source: http://
Forex Market Commentary---All JPY currency pairs are still on their wave 5 up-ward, seen best on the 4 hour time frame. EUR/USD and GBP/USD along with most other currency pairs are in a bit of a limbo phase waiting to see if they are about to complete a B wave or have begun a wave 5 already, after rather a sideways ranging correction. Beware of Bear and Bull Traps in some of these more complex corrective patterns forming. This is not a high probability trading en....
Gold hits record highs on weak dollar
Date Posted: 2011-04-24
Source: http://www.reuters.com/article/2011/04/25/us-markets-precious-idUSTRE73786N20110425
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo. Credit: Reuters/Bobby Yip SINGAPORE | Sun Apr 24, 2011 8:00pm EDT SINGAPORE - Spot gold rose to a record of $1,513.70 an ounce on Monday, extending the record-breaking rally to the seventh consecutive session, as the dollar languished near its three-year low. U.S. gold futures also hit a record high, at $1,514.50 an ounce.....
Forex Market Commentary April 20th 2011
Date Posted: 2011-04-20
Source: http://
Forex Market Commentary---Almost all currency pairs are in a wave C of a 4 or a wave 3 of a wave 5 reversal. Even the EUR/USD and the USD/CHF have taken a temporary positive correlation to each other in the same a,b,c or 1,2,3 pattern (their only difference may be that EUR/USD is in a reversal back to the general trend while USD/CHF is in a correction. All JPY pairs are almost identical, but CHF/JPY is lagging behind the others for a change.....
