Posts Tagged ‘forex signal’

Jan
11/10

Currency May Take Front Seat to Government Debt or Commodities

Last Updated on Monday, 11 January 2010 07:22
Written by britt maras
Monday, January 11th, 2010

Forex 2010: Will FX Risk Correlate or Decouple?

If you read our last article you will see that our projection for ‘FX Imbalance’ was spot on. More important was the lack of high quality buying signals for the move upward versus better signals for exhaustion matched with risk. The final quarter of 2009 offered what I consider to be misplaced risk and a tremendous imbalance for risk as fundamentals worldwide take control.

Dollar centric focus across all markets places Forex Trading and FX Trading Signals along with Market Timing Alerts at center stage.

The shell game of government debt is now front and center. U.S Treasurys, JGB’s and GILT’s now take center stage.

Well, I now anticipate reality to grip risk. The first half of this year may see yields rise more aggressively with most fear of government debt placed in Japan (JGB’s) and the UK (GILT’s). I still believe fundamentals in the euro are misplaced but that’s for the fundamental crowd. I expect to see more aggressive USD/JPY strength as the Yen becomes weak.

The paragraph above is fundamental but we all know that forex markets are lead by technical’s and then matched with fundamentals. So let’s get ready for a great first half this year with more consistent regular forex market forecasting, market timing alerts and forex signals. I look forward to frequent activity in my blog.

I hope all of you are well and healthy and we look forward to a prosperous new year!

We should have some technical commentary soon. Stay tuned.

Kind regards,

Britt Maras – Senior Currency Strategist

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Sep
09/09

Forex Market: Upper Time Compression Technical Commentary

Last Updated on Wednesday, 9 September 2009 06:56
Written by britt maras
Wednesday, September 9th, 2009

European Fundamentals Not Supportive Versus US Dollar

I rarely trade the Week time compression but right now it is worth sharing some comments. Let’s start with today’s we have a Market Timing Alert forex signal:

Wed Sept. 9: 9:40-10:20 a.m. EDT start window for 3 hours duration with moderate to strong price action

Now onto the big picture view and forex trading: My week time compression offers a potential bullish thrust towards 1.5000 – which if it occurs may be extremely exhaustive and could lead to a collapse in the pair. Potential remains that key resistance at 1.4733-79 could offer a quick stall and any move above 1.4819 could lead to an exhaustive burst to 1.5007 – 1.5240.

Inasmuch I offer this comment, it is difficult for me immediately to find a bull entry here as I rarely if ever enter a horizontal breakout of key levels. Let me emphasize that I feel the EUR/USD is nearing the end of the recent bullish correction but often times a currency will fully retrace an extraordinary move such as occurred from the collapse last August from 1.5200; regardless of the amount of time it takes.

There are always various philosophical reasons for this notwithstanding technicals:

1. The move from 1.5300 downward was entirely technical and long overdue EVEN THOUGH coincidence appears that US Equity markets offered up Bear Stearns and then Lehman Brothers as the bride. The Dollar bull move was certainly technical, regardless!! 2. There may actually be savvy investors still holding euro long positions near and above 1.4700 OR on the other hand and of a better logic is – there may be prominent and savvy institutions STILL holding EUR/USD shorts from this level 1.4500 onward through to 1.5000 plus and as is typical in forex trading there is no free lunch.

Flying at 43,000 feet is a great view of nothing but blue sky but you cannot see dirt unless you have a telescope and a floor window in the cockpit. So much for the big picture view! There is plenty of sand in the euro sandbox right now so keep your goggles and your eyes free of the grit!

Daily Technical Outlook

Immediate Support is at 1.4455-31-13, 1.4373-59, 1.4277,1.4192/84, 1.4079 – 43

I feel there was an illegal (a technical violation) move from 1.4359-64 and then again down near 1.4280. Violations like this ALSO need to be revisited SOONER than later. I am in stand-down mode but I will remain focused on any type of impromptu news that may exacerbate exhaustion or reestablish the EUR/USD within some reasonable technical structure. Comments are appreciated! Thanks for reading!

Britt Maras – Senior Currency Strategist

Tags: forex market, forex signal, forex trading, market timing | Posted under Forex Market Updates |

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Jul
10/09

Forex Trading Market Timing Forex Signal Yields 50 pips Profit on GBP/USD

Last Updated on Friday, 10 July 2009 07:57
Written by britt maras
Friday, July 10th, 2009

Timing the Markets Trade Room offers Small Profit on GBP/USD Sell Signal

Currently we are in stand-down mode as the eur/usd appears oversold and the Cable (GBP/USD) is either in stall mode on the bear front with deeper targets at 1.6113 or it is setting up for a classic Friday stall or, it is forming a basic bull pattern to test 1.6260 -93, 1.6321-59 or up towards 1.6450.

I think we will move our focus to the EUR/USD for now or we may attempt a ‘half-margin’ bear breakout trade if it reloads. This being Friday, could be best to walk away soon as our Trading Room can settle on about net 7% profit on equity for in the week for what was sort of a slow week. We missed an overnight trade on Wednesday for about 70 additional pips – but that’s okay!

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Have a good weekend!

Britt Maras – Senior Currency Strategist

Tags: forex signal, Forex Trader, forex trading, market timing | Posted under Trading Signals & Strategies |

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