Tanalys

Price & Time: Greenback Still Shines

Talking Points

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Foreign Exchange Price Time at a Glance:

Price Time Analysis: EUR/USD

Price amp; Time: Greenback Still Shines

Charts Created using Marketscope – Prepared by Kristian Kerr

USD/JPY Strategy: Like holding reduced long short positions while below 1.2705.

Price Time Analysis: GOLD

Price amp; Time: Greenback Still Shines

Charts Created using Marketscope – Prepared by Kristian Kerr

XAU/USD Strategy: Square

Focus Chart of the Day: EUR/AUD

Price amp; Time: Greenback Still Shines

EUR/AUD posted an “outside day” reversal yesterday near the 1.4580 38% retracement of the year’s range. A couple of near-term Fibonacci timing relationships are converging around this time which argue the cross is susceptible to a decent correction over the next few days. The 1.4410/20 area is a clear near-term pivot with weakness below needed to confirm that a more meaningful reversal is indeed underway. Any strength through 1.45850 would invalidate this burgeoning negative cyclical view and re-focus higher.

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This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.

Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

To contact Kristian, e-mail kkerr@fxcm.com. Follow me on Twitter @KKerrFX

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