Asian Open / European Preview 11.21.2011   10:51 PM EDT Good Morning Fellow Traders! USDX spiked higher at London Open after prolonged consolidation during the Asian Session. USDX structure from Nov 16 high (78.46) looks corrective to the downside where it is showing 3 waves down to 77.56 and then 3 waves up to a marginal new high […]

Asian Open / European Preview 11.14.2011   10:12 PM EDT Good Morning Fellow Traders! USDX found strong support just above previous swing low (76.51) and rallied strongly posting big gains across the board. FX, Commodities & Equities all ended the day lower against USDX. As we have been mentioning for a while that Oil  was running into strong resistance and nearin an important top. Oil […]

Asian Open / European Preview 11.08.2011 10:49 PM EDT Good morning traders! It was a Risk On day in the markets and USDX ended the day lower. Equities, Oil and Gold were the best performers on the day whereas commodity currencies heavily underperformed ending the day with small gains. We mentioned yesterday that we expect […]

Asian Open / European Preview 11.03.2011 11:22 PM EDT Good morning traders! USDX was bought into London Open only to reverse direction within a couple of hours. In yesterday’s Asian Open/European preview we cautioned traders that Risk off cycle was coming to an end and a rebound was expected. That is exactly what happened. We […]

Asian Open/European Preview 11.01.2011 9:10 PM EDT Good morning!.The risk trade was sold again today, and we are suspecting the cycle is coming to the end , we believe Risk in general have one more low, before a recovery in risk will take place . We mention today at Forum that , if the Risk […]

We believe the Eurusd is doing a WXY structure or a Leading diagonal.