Forex Trading Today
  • Home
  • Join our trading community
  • Back to FXstreet.com

Forex Trading Today

A Blog of Commentary and Ideas from an FXstreet Premium Member by Tim Salem (CVJ)

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Commentary
  • FXstreet Premium Thoughts
  • Live Webinars
  • Market Analysis
  • Trading Ideas
  • Uncategorized

Archives

Recent Comments

  • Ramon Huss on A Fond Farewell Everyone!
  • ed ponsi on A Fond Farewell Everyone!
  • Goncalo moreira on A Fond Farewell Everyone!
  • Raghee Horner on A Fond Farewell Everyone!
  • Tim Salem (CVJ) on Ranges of Accumulation Seen Moving Forward

Tags

accumulation appreciation AUD/JPY AUD/USD Cable channel consolidation continuation correction correlation crude crude oil currency Data dollar Dow England equity EUR/JPY EUR/USD euro Europe exchange Fibonacci formation GBP/JPY GBP/USD gold interest rate Japan oil pattern pound Price range resistance retracement Risk Aversion S&P 500 sentiment support USD/CAD USD/CHF USD/JPY Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

Appreciation Takes Hold At Key Levels With InterMarket Relations

Posted on April 21, 2009 at 22:06 in Commentary, Market Analysis by Tim Salem

 

Greetings, Everyone and Welcome to Wednesday!

Key Levels are still being adhered to across the Currency Markets, despite high levels of “Rhetoric” out of the ECB, EuroZone Data Points, the surprise from the Bank of Canada and their Rate Cut, and the “Overall” Corrective nature of the Majors against the Dollar and Yen, respectively.

As is usually the case… Large Macro-Moves in Directionality bring Retracements and Corrections along the way… and Tuesday was no different concerning this Premise.

As we discussed with several instances lately… while we deal with the ”Macro-Consolidation of the Building”… the “Individual Artist Lofts” inside the Building  are giving substantial Variation with wide Swings in Price and Character.

 

“CVJ!… There you go again…some weird Art Analogy to Trading!…”,  the CVJ Guys say.

“Well… the Readers see my point!”, I say… hopefully… hee hee hee…     ;-)

 

We take a look at a Larger Scope with the EUR/USD,  Gold and Crude Oil where the InterMarket Relationships and Correlations are slightly evident with additional Dovish Sentiment affecting these Three in similar fashion…. meaning Fear-Based Uncertainty resulting in my Favorite Descriptor of the last couple of years…

Risk-Aversion!

All three Derivatives look at handling “Weight” in various ways… and despite this…still have plenty of “Structural Anchors” to Attract and Repel Price moving ahead…

Here are their Hourly Captures so give them a Click for Commentary, as always… and Post-Time is 3:00 GMT.

 

 

 

 

 

 

 

 

 

As always… more Updates to follow throughout the Day as we prepare for Data Points and the ECB tomorrow, among other Criteria for consideration.

Please join me around 7:00 GMT for the “Currency Majors Technical Perspective” under the Technical Tab of the FXstreet Homepage… as we get moving along with our Day !

:-)

 

 

Tags: AUD/JPY, causation, central bank, cointegration, commodity, continuation, correlation, crude oil, EUR/USD, gold, InterMarket, Reserve, resistance, support

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.