Color Daily EURUSD Forex Chart Shows Lengthy Divergences
Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an Elliott Wave count. Sound complex? Let’s look at it step by step.
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Submitted ByMichael Michaud
On January 27, the EUR/USD (exchange rate between the euro and U.S. dollar and the most widely trade forex pair) slipped below $1.40 for the first time in six months.In other words, the dollar -- which most analysts considered all but doomed a short while ago -- now stands at a 6-month high against...
Submitted ByMichael Michaud
Think You're A Forex Genius?You know, being in this industry, you get used to alot of big egos.These 'so-called' experts, boast and brag about how big their accounts have grown, what big risks they've taken and how they've basically got the Forex know-how locked up.Most of the time, the only thing...
Submitted ByMichael Michaud
Flexible Forex Trading During BreakfastWe've just reviewed Part 3 of Bill Poulos's new Forex training video series. This one is very cool, and very unique. It shows a "live" recording of Bill trading during breakfast using his new "Flexible Forex" trading method...
Submitted ByShishir Nigam
The USD vs the JPY is weakest in years. Yes, the DXY dollar index has been hitting new lows around 74. Yes, US government debt and deficits (the 2 infamous “D”s) have been skyrocketing and are projected to keep on growing in the coming years. Yes, the printing presses started by Ben...
Submitted ByCorey Rosenbloom
Instead of looking at the Euro Index, let's take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current 'color chart' along with two sets of momentum divergences and an Elliott Wave count. Sound complex? Let's look at it step by step...
Submitted ByMichael Krause
Thoughts on yields and the dollar from here (from a forum post on a site called elitetrader.com I made this morning):They (US treasury bond investors) take 4.37% on the 30 yr treasury because both inflation expectation and the amount of money supply out there for 'investment' justifies it. As long...
Submitted ByCorey Rosenbloom
It's a "Tale of Two Moving Averages" - in that the daily S&P 500 broke beneath the rising 20 day EMA while the US Dollar Index broke above its falling 20 day EMA. Let's take a quick look at these structural developments...
Submitted ByTrader Mark
How sad - as we yell out for all to hear that "we are nothing like Japan" we are piece by piece taking the role - from zombie banks supported by government, stimulus out the rear end for pork projects, a lost decade in the market, long term stagnant economic growth despite government report "hocus...
Submitted ByJeff Pietsch
I am honored to feature this guest article by active currency trader and friend, Derek Ching. Derek maintains a Series 3 & 30 license as a registered CTA (commodity trade advisor) with the National Futures Association. As managing director for Hawaii Forex, he provides technical training and...
Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an Elliott Wave count. Sound complex? Let’s look at it step by step.
(Click for full-size image)
We... Continue Reading 
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