EURUSD Trading strategy: long at 1.4055, initial stop at 1.3995, objective at 1.4140. Adjust stop to breakeven on +30 pips (at 1.4085) if reached Upside is under renewed pressure due to yesterday’s 120 points rebound to as high as 1.4130 on today’s Asian session. The euro holds steady around the 1.4100 handle at the time Read More
Monday 06-29-2009
EURUSD Trading strategy: long at 1.3920, initial stop at 1.3870, objective at 1.3980. Adjust stop to breakeven on +30 pips (at 1.3950) if reached The upside has been limited by a falling trend-line around 1.4115 – extended from 1.4265 on June 5th though last week’s top at 1.4140. Current pullback may extend towards the support Read More
Friday 06-26-2009
EURUSD Trading strategy: long at 1.3980, initial stop at 1.3930, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4010) if reached The euro challenges the interim top side as it managed to breach above the 1.4 handle. Intra-day sentiment is bullish and won’t be affected as long as potential pullbacks won’t extend Read More
Thursday 06-25-2009
EURUSD Trading strategy: stand aside The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF. Short-term studies are showing indecision as the current uptrend is stalling within the 1.38-1.41 range. Intra-day sentiment is currently bearish due to Read More
Wednesday 06-24-2009
gy46a9vub3 EURUSD Trading strategy: long at 1.4000, initial stop at 1.3940, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4030) if reached. Alternative trading idea in case 1.4000 won’t be reached – long at 1.4145, initial stop at 1.4090, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4175) if Read More
Tuesday 06-23-2009
EURUSD Trading strategy: long at 1.3710, initial stop at 1.3660, objective at 1.3780. Adjust stop to breakeven on +30 pips (at 1.3740) if reached The euro dipped below the 1.3880 support on yesterday – the median retracement level of the 1.3455-1.4340 up leg, weakening the short-term sentiment which will remain bearish as long as the Read More
Monday 06-22-2009
EURUSD Trading strategy: long at 1.3760, initial stop at 1.3710, objective at 1.3830. Adjust stop to breakeven on +30 pips (at 1.3790) if reached Downside is under pressure today as Friday’s attempt on breaching above the 1.4000 mark has been rejected at 1.4010. Support at 1.3880 – 50% of 1.3425-1.4340 is on focus and abreach Read More
Friday 06-19-2009
EURUSD Trading strategy: long at 1.4010, initial stop at 1.3960, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4040) if reached The upside barrier on the 1.4000 handle has proven strong enough to resist on yesterday’s tests and the dollar recovered some lost ground but it is giving away gains, as the Read More
What is Technical Analysis?
Technical analysis is a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume. In its purest form, technical analysis considers only the actual price and volume behavior of the market or instrument. Technical analysts may employ models and trading rules based on price Read More
Thursday 06-18-2009
EURUSD Trading strategy: long at 1.3930, initial stop at 1.3870, objective at 1.4045. Adjust stop to breakeven on +30 pips (at 1.3965) if reached Intra-day support is now formed on the 1.3900/20 level as the euro managed to recover initial losses on yesterday. While holding above 1.3900, the upside will remain favored and the resistance Read More
Wednesday 06-17-2009
EURUSD Trading strategy: long at 1.3920, initial stop at 1.3870, objective at 1.4000. Adjust stop to breakeven on +30 pips (at 1.3950) if reached Yesterday’s top side into the 1.3930 zone is on focus as the euro recovers monday’s losses. A breach above the 1.4000 mark is needed to signal a resume of the uptrend. Read More
Tuesday 06-16-2009
EURUSD Trading strategy: stand aside Yesterday’s decline has extended into the 1.3750 region before initiating current recovery. Support at 1.3775 formed by the 61.8% retracement of the 1.3425-1.4340 move seem stable and while it holds, the recovery could extend towards yesterday’s open price at 1.3995/00, therefore erasing the 245 points losses. Downside bias remains valid Read More
Monday 06-15-2009
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3880. Adjust stop to breakeven on +30 pips (at 1.3810) if reached The euro trades lower on the beginning of this week, advancing lower towards the 1.3880 support – formed by the median retracement level of the 1.3425-1.4340 up leg. The mentioned level Read More
Friday 06-12-2009
EURUSD Trading strategy: long at 1.4140, initial stop at 1.4090, objective at 1.4240. Adjust stop to breakeven on +30 pips (at 1.4170) if reached Upside remains under pressure as the euro managed to re-test the 1.4150 zone on yesterday, reaching an intra-day high as 1.4175. Current 100 points pullback seem corrective as the pair is Read More
Thursday 06-11-2009
EURUSD Trading strategy: long at 1.4070, initial stop at 1.4020, objective at 1.4150. Adjust stop to breakeven on +25 pips (at 1.4095) if reached Intra-day support has been found on yesterday’s decline at 1.3920 – rising trend-line formed by last 3 days’ lows. The euro tries to recover yesterday’s losses and trades near the 1.4050 Read More
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