Posts Tagged ‘credence’
Trade Idea Wrap-up: GBP/USD – Buy again at 1.6175
Written by admin
Monday, 28 February 2011 15:26
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As the British pound has continued to edge higher after intra-day anticipated rally, adding credence to our bullish view that recent upmove has resumed and a retest of 1.6275-79 resistance area is underway, however, a sustained break there is needed to confirm and extend further gain to recent high at

 
Trade Idea Update: GBP/USD – Stand aside
Written by admin
Wednesday, 16 February 2011 12:52
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Despite intra-day brief rise to 1.6185, the subsequent sharp fall after faltering below previous resistance at 1.6186 signals the rebound from 1.5963 has ended there and consolidation with downside bias is seen for test of yesterday’s low at 1.6008, break there would add credence to this view and extend weakness

 
USD/JPY Elliott Wave Analysis
Written by admin
Monday, 14 February 2011 10:32
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We missed our long entry at 81.50 as the greenback only retreated to 81.77 last Tuesday and the greenback staged a sharp rebound last week to as high as 83.68, adding credence to our view that the wave iv correction is possibly unfolding as a triangle with only a leg