Marc Chandler thinks the USD weakness is far from over. Dollar Outlook url

EurAnalysis

In line with what I have always claimed. In fact those who manage to double/triple their account in a month eventually will visit Mr. Margin call and then claim that the FX market is an unmitigated fraud. Read this post from June 2012...

EurAnalysis

You mean like "er kann mich am Arsche lecken" ?

The Club!

Yes that count looks valid also, but the result is the same as we still need to come down for wave c. You have just approached it from a higher degree. Mind you, a wave 2 is usually a very deep retrace. 61.8% to 88.6%

EurAnalysis

Red line if we get a taper Orange line if we don't image

The Club!

Combining Scenario 1 and 2 together, this is the most likely EW count, with the red path being more likely because wave e is usually 61.8% of wave d. image

EurAnalysis

These are the possibilities I see starting from the most likely to the least likely. Scenario 1 (Most likely with December taper) image Scenario 2 (Most likely without December taper) image Scenario 3 (Least likely) image

EurAnalysis

image

EurAnalysis

Yes you are correct. The market knows that tapering is not tightening. However, tapering will bring back USD strength until such time that the Eurozone starts to show strength in the "real" economy and not just the equity markets or ...

EurAnalysis

I believe FxEmpire is correct in their call, but you have to admit that their analysis was rather junior school.

EurAnalysis

Good day fellow traders. Here are my thoughts for next week... Regarding the overall market, after yesterday's BS, nothing is clear anymore on the fundamental side. This is clearly an extreme greed for yield campaign. The big players in the market ...

EurAnalysis

I'm always well... so far

Cable Update (GBPUSD)

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The Club!

Good one Spec. Have a great weekend.

Cable Update (GBPUSD)

SPX H4 Bearish Hidden Divergence... Signs of a B wave and will be followed by a C wave down. image

EurAnalysis

SP500 I see making a deeper correction (1720/30) before more up, but obviously not happening... at least not right now anyway. Might come later today, or next week.

EurAnalysis

That's what I said, but Speculator insists they are

Cable Update (GBPUSD)

Other than 2 US Dollar longs in the green which I have been nursing for a while now, I am completely flat. I was looking for the Euro to break and close below 1.3630 before making a decision to short, but as you all can see, this didn't happen. The ...

Cable Update (GBPUSD)

Well a break and hold below E/U 1.3630 was my signal to short E/U and G/U. I didn't get it, so I'm flat. I only have those two US Dollar longs which I'm not worried about. My account exposure is now almost nothing. We'll see what happens next week. ...

EurAnalysis

US Dollar fills the NFP gap. Now time to rally???? image

EurAnalysis