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Fibonacci | Daily Forex Trading Edge

Fibonacci

EUR/USD: Above Average Trading Ranges Continue

Wednesday, Apr 17, 2013

Good Morning,

No fundamental until tomorrow, but keep an eye on claims - see the past few commentaries for more detail on fundamentals.

Technicals:

**IWM - will it close below Monday's low

**QQQ - same thing, going lower than Monday's low

**DIA - getting there

**SPY - currently below Monday's close

This is what we were looking for - a failure - otherwise known as a double top or a lower high and then a lower low. See the IWM for a double top and a lower low.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

USD Strengthens With Equity Rally

Tuesday, Apr 16, 2013

Good Afternoon,

This has been the pattern - the SPX rallies the day after an idiotic event. Traders in New York aren't going to let this type of cowardly action take the markets down. Regardless (bad choice of words), but despite the event, we still need to look at retracements in the SPX. Have we come off enough to sell the rallies? We saw the double top in IWM. Are retracements or possibly a double top lurking in the SPX?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Euro is in Harmony

Tuesday, Apr 16, 2013

The Euro completed a Harmonic pattern today after the huge rally after the Speech from President Drahgi. So far the bears are able to defend the 1.3200 psychological level while the bears have been unable to take prices higher. The US Dollar Index dipped below the 82.00 round number and if 81.80 can hold as support then the Euro could see 1.3050 again.

 

The Eur/Usd completed a 78.6%  Fibonacci retracement from A - B completing a Harmonic Pattern

Posted By: 

Skii Lodge

Skii Lodge is an experienced currency trader who provides unique insight into the currency market using a combination of technical and fundamental analysis, as well as harmonic moves. He uses equities and commodities (Dow, US Dollar, Gold and Crude Oil) for cross market analysis to come up with trading strategies on a daily basis. Skii Lodge uses this information along with market structure, major support and resistance levels to formulate trades during swings in the markets. Follow him at IBFXConnect: https://www.ibfxconnect.com/profile/skiilodge

Huge Trading Ranges in Commodity Currencies

Monday, Apr 15, 2013


Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

USD/CAD: 50% Retracement Level Holds

Thursday, Apr 11, 2013

Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Webinar Primer – USD/CAD Rangebound at 38.2% Retracement Level

Wednesday, Apr 10, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

NZD/USD: Will It Breakout?

Tuesday, Apr 9, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

GBP/USD Analysis: Above Average Trading Range

Thursday, Apr 4, 2013


Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Can You Sell Rallies in AUD/USD?

Wednesday, Apr 3, 2013

Good Afternoon,

Fundamentals came in a tad soft today. No, I am not talking about the ADP number as that is painfully bad at estimating the government number that will be released in 2 trading days. By the way, I am sticking with my 186k estimate with a chance at printing 200k or above.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

GBP/USD: Short Term and Long Term Analysis

Tuesday, Apr 2, 2013


Good Afternoon,

I took a few days off given it was Easter, which is a huge market holiday in many regions of the world. That being said, we are back at the beginning of the month/beginning of the quarter and the up-move in the equity markets continue.

But first, a busy economic calendar to review. Remember, if the event is specific to the internals of an economy, it is a "micro-fundamental" event. And for the USD, they are:

**much weaker than expected manufacturing data

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
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