… or autumn vacation because summer is gone already: Tomorrow I will leave country for two weeks on my annual holiday, until October 05. I will most likely check back on the site from time to time, depending on Internet connectivity, and post my thoughts on some currency pairs. That will happen on a non-regular Read More
US session update on EURUSD 09-18-09
EURUSD Trading strategy: stand aside The euro retraced to 1.4650 earlier today, closing below the trend line support mentioned on the morning’s report and seen on the chart attached below. Intra-day sentiment is slightly bullish due to current recovery back above 1.4700 but bias still points to the downside as long as 1.4730 will provide Read More
Daily analysis and trading strategies 09-18-09
EURUSD Trading strategy: stand aside A fresh ytd high has been reached on yesterday at 1.4765 and the euro holds steady above the 1.4700 handle, being well supported by the rising trend line seen on the 4-hrs chart attached below. While above the said support, intra-day sentiment will remain positive, favoring further upside action towards Read More
- Continue reading: Daily analysis and trading strategies 09-18-09
Daily analysis and trading strategies 09-17-09
EURUSD Trading strategy: short at 1.4845, initial stop at 1.4905, objective 1.4760. Adjust stop to breakeven on +30 pips (at 1.4815) if reached Support has been found at 1.4650 on yesterday’s minor pullback and upside is under renewed pressure, the euro trading around 1.4730 while writing this report. Uptrend is very strong and the daily Read More
- Continue reading: Daily analysis and trading strategies 09-17-09
Daily analysis and trading strategies 09-16-09
EURUSD Trading strategy: stand aside The euro maintains its bid tone against the dollar, orbiting around the recent multi-month high reached on yesterday at 1.4685. First resistance is emerging at 1.4720 – the top of December 2008, and a break above that level will open 1.5. Both short-term and intra-day studies are positive and the Read More
- Continue reading: Daily analysis and trading strategies 09-16-09
Daily analysis and trading strategies 09-15-09
EURUSD Trading strategy: stand aside Yesterday’s recovery from 1.4515 renews upside pressure as the euro has reached a fresh ytd high at 1.4650. Although I am bullish on EUR, I believe that current uptrend is due for correction. However, yesterday’s recovery confirms how strong current uptrend is therefore each minor pullback could be a fresh Read More
- Continue reading: Daily analysis and trading strategies 09-15-09
Daily analysis and trading strategies 09-14-09
EURUSD Trading strategy: stand aside The potential retreat from 1.4620 I noted on last report is currently in progress, the euro testing bids near the 1.4500 mark at the time of writing this. Intra-day sentiment is bearish and the downside seem favored for now, important support emerging at 1.4450/65 and 1.4400. Short-term sentiment is likely Read More
- Continue reading: Daily analysis and trading strategies 09-14-09
Intra-day update on EURUSD 09-11-09
EURUSD Trading strategy: stand aside European trading has been quiet, the euro holding gains a few points below 1.4620 which is quite an important resistance on both medium and long term charts. If the euro takes out 1.4620 on a stronger move, then it is likely to take out some of the conservative stop-loss orders Read More
Daily analysis and trading strategies 09-11-09
EURUSD Trading strategy: stand aside Key resistance at 1.4620 formed by the 61.8% of the decline from 1.6035 is under pressure at the time of writing this as the dollar continued to weaken across the board throughout the Asian session. In case this resistance region will provide a reversal point, a correction may extend towards Read More
- Continue reading: Daily analysis and trading strategies 09-11-09
Daily analysis and trading strategies 09-10-09
EURUSD Trading strategy: stand aside The euro holds gains against the dollar not far below the 1.4600 handle, the new YTD high which has been reached on yesterday. Upside remains favored and potential pullbacks should face support into the 1.4500/30 region then lower, at 1.4430/50 where a more notable support is formed. On the upside, Read More
- Continue reading: Daily analysis and trading strategies 09-10-09
Medium term outlook on EUR, AUD and Gold
EURUSD Upside action extends towards 1.4600, fresh yearly top which has been reached earlier today, before initiating the current pullback. Current pullback seem corrective and yesterday’s top at 1.4535 is the nearest intra-day support. Hourly sentiment becomes negative and a break down below 1.4535 will most likely bring some more bears back into the market, Read More
- Continue reading: Medium term outlook on EUR, AUD and Gold
Daily analysis and trading strategies 09-09-09
EURUSD Trading strategy: stand aside Upside is under renewed pressure as the euro managed to break out of its recent range which has been limited on the upside by the 1.4400-1.4450. A fresh YTD high has been reached on yesterday’s rally at 1.4535 and the euro holds steady against the dollar near the 1.4500 handle, Read More
- Continue reading: Daily analysis and trading strategies 09-09-09
Daily analysis and trading strategies 09-08-09
EURUSD Trading strategy: stand aside The euro maintains a bid tone against the dollar and trades into a narrow range above the 1.4300 mark at the time of this report. Short term sentiment is positive and will remain intact while trading above 1.4200/30. Intra-day momentum is neutral since yesterday’s European session due to the U.S. Read More
- Continue reading: Daily analysis and trading strategies 09-08-09
Daily analysis and trading strategies 09-07-09
EURUSD Trading strategy: stand aside 1.4200 provided a good turning point once again on Friday’s test and the euro bounced, returning into the upside zone. Today’s trading is expected to be quiet due to the Labor Day holiday in the U.S. Both intra-day and short term studies are positive and won’t be affected on pullbacks Read More
- Continue reading: Daily analysis and trading strategies 09-07-09
Useful tips for traders – Part II
I continue the educational articles’ series by adding some more tips. In case you have missed the first part, here it is: useful tips for traders,1′st part 6. Never use: “I am sure” the market will reverse / retrace / rally / fall / [insert whatever action here]. Same for “it has to” Trading is Read More
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