Industry News
Forex Market Commentary March 25th 2011
Date Posted: 2011-03-24
Forex Market Commentary---EUR/USD, GBP/USD and correlated pairs continue in the general up-trend opposite the USD/CHF and and USD/CAD, all of which are momentarily consolidating. All JPY pairs continue to consolidate nearing the end of their violent rebound from last weeks dramatic sell off. Volume is low as lower time frames reveal extended sideway ranging as the JPY markets struggle to hold on to a higher price after the a massive infusion of cash attempting to stabilize the Japanese economy....
Market Commentary March 22nd 2011
Date Posted: 2011-03-22
Forex Market Commentary--- Low volume price action continues to consolidate nearing the end of a wave 5 of a C in what appears to be a wave 4 in most of the JPY pairs and their correlated currency pairs, with the exception of the CHF/JPY which has reached new highs in a new five wave motive sequence. It still remains to be seen if some or all of these JPY pairs will also rech for new highs. Waiting for confirmations is the best policy before commiting to either BUY or SELL positions. The EUR....
Market Commentary March 21st 2011
Date Posted: 2011-03-22
Forex Market Commentary--- Market continues a dramatic 60% to 140% rebound after last weeks volatile sell off on all JPY currency pairs and other correlated pairs. In most cases a Zig-Zag correctional pattern seems to be forming that ideally aught to be followed by a 5th wave sell off along with the new general trends. In at least one case, however (CHF/JPY), the rebound has already exceeded the maximum height for a wave four retracement and has also surpassed previous March highs as the p....
