TMV Swing Trade report – Short June Australian dollar from 1.0120 – Hit the Target! – The short Aussie has reached the target objective one day before the projected May 15th reaction date. The short position closed at .9915. The confluence of support from the downward sloping parallel line and upward sloping reaction line could [...]
Market News – Pound Slumps to 15-Month Low Against Euro on BOE Minutes
The pound slumped to a 15-month low against the euro after Bank of England minutes showed more officials voted to expand asset purchases at this month’s meeting, a policy that that typically debases a currency. Sterling dropped to the lowest level since June versus the dollar after minutes of the central bank’s Feb. 7 meeting [...]
British Pound prediction using Action-Reaction and Market Timing Intelligence!
During the January 31st live webinar, I was asked about the March British pound futures. I said the three-day counter-trend rally had pushed higher, into the projected reversal date in conjunction with reaching the Red line resistance. Based on his Market Timing Intelligence methodology, I projected a reversal for the British pound and said it [...]
Market Alert! – Sharp price decline reaches median line target objective for short December Japanese yen
TMV – Swing Trade report – Short December Japanese yen – short from 1.2083 – last price @ 1.2024 – I have been waiting for the Yen to break out of the recent consolidation pattern. It finally happened this morning, so I recommend using the sharp price decline as an opportunity to cover the short [...]
Market alert! – Canadian dollar posted higher high on projected reversal date, time to exit!
TMV Swing Trade Report – December Canadian dollar from 1.0095 – last price @ 1.1027 – December Canadian dollar futures have traded above the previous day’s high on the projected reversal date, setting up a possible market reversal. The December contract it coming to an end soon, so lets take this opportunity to exit the [...]
Market Alert – Short Japanese yen has reached short-term target objective!
TMV Swing Trade report – Short September Japanese yen from 125.87 – last price at 1.2479 – The yen formed a short-term consolidation on the downward sloping median line before breaking lower. The market has reached the lower parallel line where it should bounce. I recommend covering the short position and waiting for a rebound [...]
Market Alert – Long March Eurocurrency reached target objective!
TMV Swing Trade report – Long March Eurocurrency from 1.3168 – Exit price @ 1.3220 – Hit the Target! I was looking for a short-term rally, based off the TR pattern on the 120-minute chart. The price advanced to the trigger price overnight and reached the target objective early this morning.
Market News -Canada Dollar Gains to Strongest Level Since September on Global Prospects
Canada’s dollar gained to a five- month high against its U.S. counterpart on optimism demand for raw materials will accelerate as the global economy expands. The currency advanced for a fourth day, the longest string of gains in more than a month, as jobless claims in the U.S., Canada’s biggest trade partner, fell to the lowest level [...]
Market news – Dollar Falls Versus Higher-Yield Currencies on Strong Manufacturing Data
The dollar depreciated against all but one of its most-traded counterparts as reports showed manufacturing from China to the U.S. expanded in February, increasing speculation that global growth is on the mend. Mexico’s peso and the Australian dollar were among the biggest winners of the 16 major currencies on demand for higher- yielding assets. Brazil’s real rebounded after [...]
Euro Declines to Three-Week Low on Greece Debt Concern; Dollar Strengthens
The euro declined to a three-week low against the dollar as European leaders struggled to reach agreement over a rescue for Greece, sapping demand for the region’s assets. The 17-nation currency fell for a fifth day versus the greenback after Luxembourg Prime Minister Jean-Claude Juncker said Europe’s creditor countries are seeking more control over how aid to Greece [...]