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Forex Market Commentary May 10th 2011

Forex Market Commentary---After significant correctional sell offs on most currency pairs, the Market tis in a small limbo waiting for breaks above an....

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Expand or grow your business with providing FX brokerage services from Lucror Capital Markets. We are striving to be the leading provider of foreign exchange services and one of the most recognized and trusted names in the industry.

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Forex Market Commentary May 03rd 2011

Date Posted: 2011-05-02

Source: http://

Forex Market Commentary---There is a common consolidation among most currency pairs waiting for a confirmation above previous highs for a wave 5 of to break below previous lows for a wave 3 of a wave C. Caution is advised in a potential Bull and Bear Trap market condition. Sideways ranging is due to barriers on upper time frames forcing lower time frame price action to range sideways for a longer period of time, also causing more challenging reading of Elliott Wave count alternates.