Market Report for April 17th 2012

April 17, 2012

EURUSD surprised a little with a penetration of 306 support to aim straight to the next salient level (60p) i.e. 300 (March range lows) to bounce right up to 312. Fortunately, this happened on clean, easy to follow Kase swings. Having said that, volatility is high, and 306 must (on average) hold long enough to [...]

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Market report for April 16th 2012

April 15, 2012

EURUSD: Last report on Friday reminded us to remain cautious yet we hoped the mid range pivot on Kase (312) would maybe hold. It however failed to do so and let the Euro fall to near 306 strong support, fortunately on a clean Kase swing. Approaching a concurrence of support levels in this area, there [...]

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Market report for April 13th 2012

April 13, 2012

EURUSD climbed to Fib/Pivot area around 316-318 and surprisingly pushed even higher to 320 yesterday on an apparent volatility spike to reach the next Fib level. The resistance area is however too strong to be ignored hence profit taking made a lot of sense. As mentioned in recent reports, bearish pressure on longer (4H+) time [...]

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Market Report for April 12th 2012

April 12, 2012

EURUSD congested in a narrower range, first bumping on 312 pivot, then using it as a mid range level on 10p Kase (suggested time frame). A faster Kase like this is more sensitive to 30p levels compared to 60p on higher time frames. This type of bullish congestion should persist up to Fib/pivot area on [...]

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Market Report for April 11th 2012

April 11, 2012

EURUSD is still in hangover mode after last week’s fall, and the situation in Spain and possibly the uncertainty arising from elections in France are largely responsible for it. The Euro seems to want to hold 306 and congest somewhere close to bearish resilience level around 312 to range highs at best. Bearishness has subsided [...]

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Market Report for April 10th 2012

April 10, 2012

EURUSD hit a low below 306 on Friday to climb back on Monday to the next level around 312 (Kase pivot) where it more or less congested on low volumes. The next step is now to see wether the Euro can feel comfortable above 312. Most time frames seem to indicate the last wave of [...]

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Market Report for April 6th 2012

April 6, 2012

EURUSD did not even reach 318, sending the Euro down in force (bearish resilience was on 317. It then settled on the next level (306), now inches away from March lows. Dynamics have adapted to the new situation, endorsing bearishness, i.e. a return to the down trend seen on (D+). It is not clear whether [...]

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Market Report for April 5th 2012

April 5, 2012

Apologies: Yesterday’s report was not recorded properly and for some odd reason replaced by the previous one (????). Let’s hope this does not happen again today…   EURUSD: 318 broke to aim straight the the next level below ~312 where profit taking took place. This may indicate a test of former support for resistance, as [...]

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Market Report for April 4th 2012

April 4, 2012

EURUSD: Strong resistance on 3365 triggered some profit taking and as anticipated, even though 3305 is pretty strong we were prepared for a slightly deeper retracement to Fib. The Euro recovered to return to congestion zone. The upward bias is also weakening a bit and the next test of 3365 will certainly be crucial to [...]

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Market Report for April 3rd 2012

April 3, 2012

EURUSD: Strong resistance on 3365 triggered some profit taking and as anticipated, even though 3305 is pretty strong we were prepared for a slightly deeper retracement to Fib. The Euro recovered to return to congestion zone. The upward bias is also weakening a bit and the next test of 3365 will certainly be crucial to [...]

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