AUD/USD See Chart

See Chart H4

USD/JPY has a lot of room for upside but!!

USD/JPY
Even the dollar lost its early gains against Yen the pair only retraced and came down to test some levels and since then it is holding a key level.

The pair has a lot of room towards upside but its is in a bearish trend. Any break below 50.0 retracment level (This level comes after the pair broke the inner bearish trend line).

The pair is still bearish but has a lot of room till the First long term resistance level that comes around 94.50.

See Chart H4

EUR/USD H4Technical Picture

See the H4 chat

EUR/USD New Development

The pair is developing a Twizzer top on a weekly chart.

EUR/USD

EUR/USD is again attracting Bulls to score one more time. The target is around 1.4874.
Daily chart shows bulls in control. Weekly chart: Beginning of the week showed the impression of an evening star but latest developments have shown that the bulls are still in control.

See Daily Chart.

AUD/USD Fresh High and Still bullish

The pair is still bullish with last C at 0.8873

There has to be an indication before Bears enter the market.

Strongly bullish

My trade
Long at 0.8900
Stop loss at 0.8870
Take Profit 0.8925

AUD/USD

The pair is strongly bullish with commodities gaining across the board is fueling the pair to target for another high for the year.
Oil above USD70 Gold above USD1010


My Trade

Entry: Long 0.8760
T/P 0.8820
T/L 0.8740

GreenBack and Recovery.

1: GreenBack Weakness.

USD weaker despite data out of US showing Positive signs of Economic Recovery (Slowing the pace of Negative Growth). Even though the US Treasury is working on Supporting a Stronger Dollar the weakness in GreenBack persists. Technically it is still holding a Floor with significant pressure.

Faith of Green Back lies in the question.

Will USA be the leader in Global Recovery?

I personally think, “YES", United States Economy will provide and lead the world towards a Stronger Growth. It is just that United States is going through a lot of Changes and is in the process of accepting the changes made and the ones being made. Realizing our global position and Greenback’s effect in the global market Dollar’s demand has a "Prolonged Projection". The times might change where weakness in the currency brings Strength in the Domestic Economy. Inside out Rule....which will bring greater opportunity of Investment and Development.

Answer leading to a second Question:

What Kind?

We don't want a Recovery that is based on sharp lifts in “Economic Data” showing Recovery and or “Gains”. Sharp jumps tend to increase risk of Sharp Dips leading to “A Unstable and A Weaker Growth”. The Strong and Stable Growth should always lead to “Equity” which is the key to establishing a stronger base. Compassion and Justice must be the leading Elements.

GreenBack might be moving in the opposite direction that of Recovery.


2: Rally in Equity Markets.
Equity Markets.. Mostly we have seen a stable 45 Degree Leaner Rise since we hit the bottom.

Market Recovery might be W Shaped. Double confirmation of the bottom. Double V: VV

3: Gold Strength.
While Dollar was Showing weakness GOLD prices were stable (Fluctuation in between a Range 930-960). Its Catching up with Dollar weakness. Which might lead to further Greenback Weakness?


I don’t see major Selling till 1010 - 1050 but if it dips below 976.25 (Support Level) we might see "Bearish Resistance"..

EUR/USD H1 Chart Bearish in a Bull trend.

See Chart