Possible HS forming on 1hr could be good buy zone - the only thing is the US fiscal cliff would be troublesome no? Also in relation to the EurUsd would that then dictate more bearish move. Edit: Checked Daily and other indicators and it would appear ...

EurAnalysis

Snorefest of a Monday... what are the odds of seeing new lows? Spanish yields risen to resistence... will we instead see a reversal for the euro? Would it be wise to hold onto shorts till 1.266 before entering longs or just let PA decde the move?

EurAnalysis

Just wondering if this is another bout of profit taking or just simply technicals are shifting towards longs?

EurAnalysis

Is 100.5 a reasonable target for the eujpy? That being the 38.2 ratracement on daily from the lowest to the recent high, or should a break below it be up for grabs for a further move down?

EurAnalysis

I fail to grasp it still, reverse bearish meaning its potentially bullish or just that it is bearish but opposite of what price is suggesting? Clarification would be much appreciated.

EurAnalysis

You have highlighted that the MACD was turning up even though price was going down, what is the interepration of this? Is this a bullish or bearish divergence in play?

EurAnalysis

I was looking into this too but 102.2 forms a new resistence which kind of makes the ej unclear. I would however prefer a small correction to the upside for a bigger move down on the daily below 101.

EurAnalysis

Well an eventful day ended - didn't manage to ride the Eujpy big one. Now that we have seen a leg lower and broken below 2 rising trendlines, could we be headed to the 200ma and the rising trendline from July low? Until a possible bounce at 101.1, ...

EurAnalysis

Feeling bearish on ej but will uj keep this floating?

EurAnalysis

Well, pity I couldn't ride my short from 103.68 as I intended to as I was stopped out with the volatility. Nonethless, I hope I am not in wrong in seeing what is a potential HS on eurjpy formed and a possible break below the rising channel along ...

EurAnalysis

What do you mean by unbreakable and why is this the case?

EurAnalysis

Possible HS on eurusd?

EurAnalysis

What is the likelyhood that we are heading towards the 38.2 in the long run for the Eur/Jpy? Would it be better taking longs now or when pa breaks above 104.5? I guess it is a squeeze or falling wedge eager to break to the upside.

EurAnalysis

There seems to be a double bottom on h1 and h4... based on would be wise to long here with a tight SL just below? Spain bank report supposedly out in an hour - could it possibly move what has otherwise been a stagnant day?

EurAnalysis

I am also thinking BOJ will start bemoaning (as they have for the past year or so) that the yen is too strong and needs to devalue. As the EJ is in an up channel, I am looking to enter longs at around 102 but the euro jitters scare me. Would it be ...

EurAnalysis

I am as much confused as the market seems to be right now. I look at the eur/jpy hourly and I wonder what is actually going on in the PA. It wouldn't be wise to hold onto any shorts would it - considering that there is a BOJ meet on Sunday and that ...

EurAnalysis

Number seems manufactured just for the election. Is it risk on or reactionary PA right now? I would believe the latter.

EurAnalysis

How would a potential poor GDP play out in relation to the yen pairs. For example with a strong GDP reading, I would think the dollar would rally vs the yen and also the euro. But then, would the euro also rally against the yen as a result? Awaiting ...

EurAnalysis

Dead market - no definitive movement as yet. Hope something get going soon. Hope the bearish sentiment on the euro pairs prevail.

EurAnalysis

Is this a true H&S forming on eu/jpy? It is tentative to speculate any positions on the pair but since usd/jpy might get pullback, could it be a good short?

EurAnalysis