On January 6th I discussed government bonds for Germany & U.S. and drew attention to negative divergences on momentum indicators. U.S. 10 Year T-Notes and Euro Bund prices have generated negative divergences as they approached their previous high levels and both government bond prices tested their intermediate term resistance levels with negative divergences. The battle between bulls and […]
Strong rebound from a major support helped GBP to firm after falling from 1.6150 to 1.54 levels in the past 3 months. Rebound was timely as the cross rate was testing major support levels. First resistance for GBP/USD is at 1.584 level (200 day moving average). From a long-term perspective GBP/USD might be forming a 3 year-long symmetrical […]
From: Number Sleuth
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Gross domestic product in China, the world’s second-largest economy, rose 8.9 percent in the fourth quarter from a year earlier, the statistics bureau said in Beijing. With the latest data 2011 GDP growth slowed to 9.2%. The quarterly growth was the slowest in 10 quarters. China set its full-year growth target at 8 percent in early […]
When I’m analyzing the long-term charts I try to combine 200 day moving average with the RSI. When combined they are helpful in giving you the big picture and the overall trend. Though there could be minor violations of the support/resistance areas, they will always generate timely warning signals in the intermediate/long-term. RSI tends to move between 40 and 80 […]
Here is a valuable analysis that would mainly interest Canadian investors and traders. Throughout the 3 years I’ve spent in Canada I’ve realized how important the crossrate has been for the Canadian economy and its export/import business. Currency advantage (when I started my studies in 2004, 1 U.S. dollar equaled 1.4 Canadian dollar), better education and multicultural society were some of the reasons […]
Currency traders should pay attention to this pair in the next few weeks. Though not a widely traded crossrate, USD/SEK can offer great opportunity if dollar strength continues. I like to look at volatility on daily charts and when I see low volatility combined with beautiful chart patterns I start following them for possible breakouts. USD/SEK has […]
I wanted to share this analysis for some time. Perfect chart pattern (long-term symmetrical triangle) on GBP/USD has almost used the maximum space available in the contracting range. For the past 3 years the currency pair contracted in a range with its boundaries standing at 1.65 and 1.52 levels. The latest re-test of the lower boundary has generated positive divergences both […]
Spain sold 10 billion euros ($13 billion) of bonds, twice the target for the sale, while Italy placed 12 billion euros of bills, easing concerns the countries would struggle to finance their debts and sending bonds higher. Italy, with the euro region’s second-biggest debt at almost 1.9 trillion euros, faces more than 50 billion euros […]
