EURUSD Trading strategy: short at 1.5180, stop at 1.5240 (1% risk), 1st objective at 1.5120, 2nd objective at 1.5060 The euro opened higher today and climbed higher during the Asian session, recovering most of Thursday’s and Friday’s losses which were quite high (to as low as 1.4828) due to lower liquidity. Now that the upside Read More
- Continue reading: Daily analysis and trading strategies 11-30-09
Quote of the day: A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power. — Brian Tracy EURUSD Trading strategy: stand aside Yesterday’s rally above the 1.5000/60 region looks good to me as I’ve been calling for euro’s break higher quite a few times lately. Also, according to Read More
Quote of the day: Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — Charlie Munger EURUSD Trading strategy: stand aside Upside pressure is high as the euro trades near the 1.50 handle. Both short-term and intra-day charts call for higher highs. Watch the 1.5050/60 region for a potential Read More
Quote of the day: Investors have very short memories. — Roman Abramovich EURUSD Trading strategy: stand aside Range-bound trading below the 1.5000 handle, supported by 1.4850 bottom, continues – the euro facing a strong resistance into the 1.5000 region once again, on yesterday. Intra-day sentiment is bearish as price pulls back from the higher half Read More
- Continue reading: Daily analysis and trading strategies 11-24-09
EURUSD Today’s rebound against the buck provides a clue about a potential resume of longer term uptrend. We’ll see if the euro will manage to hold gains above the fresh breached barrier into the 1.4950 region (which is currently under minor pressure) – formed by the falling trend line coming from 1.5045 over the previous Read More
Quote of the day: A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. — Ben Bernanke EURUSD Trading strategy: small long at 1.4890, stop at 1.4830 Read More
- Continue reading: Daily analysis and trading strategies 11-23-09
As an iPhone user myself, I’ve been looking all over the Internet for decent iPhone apps to provide real-time currency charts, news and quotes. Most of them have failed to impress me as they were either buggy, lagging, full of ads, lacking features etc Two days ago I found the iPhone Forex app of Dukascopy Read More
- Continue reading: Finally a decent iPhone Forex application
Quote of the day: A penny saved is a penny earned. – Benjamin Franklin EURUSD Trading strategy: stand aside The bottom into the 1.4850 area has been challenged once again and provided a stable barrier – the euro recovering to as high as 1.4935 at the time of writing this. Not far away to the Read More
- Continue reading: Daily analysis and trading strategies 11-20-09
Quote of the day: Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. — Peter Lynch EURUSD Trading strategy: stand aside The euro trades higher today as it managed to return into the mid 1.49 region on yesterday but gains have been Read More
- Continue reading: Daily analysis and trading strategies 11-19-09
Quote of the day: No one can earn a million dollars honestly. — William Jennings Bryan EURUSD Trading strategy: stand aside A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, Read More
- Continue reading: Daily analysis and trading strategies 11-18-09
Quote of the day: So you think that money is the root of all evil. Have you ever asked what is the root of all money? – Ayn Rand EURUSD Trading strategy: holding the 2nd half of yesterday’s long with stop at break-even (1.4930) – objective at 1.5030. Intra-day lows have been reached on yesterday’s Read More
- Continue reading: Daily analysis and trading strategies 11-17-09
Quote of the day: Every once in a while, the market does something so stupid it takes your breath away. – Jim Cramer EURUSD Trading strategy: long at 1.4930, stop at 1.4870 (1% risk), 1st objective at 1.4980, 2nd objective at 1.5030. The euro is grinding higher today, extending Friday’s gains into the 2nd half Read More
- Continue reading: Daily analysis and trading strategies 11-16-09
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the Read More
EURUSD Trading strategy: stand aside Downside pressure intensifies after the weak attempt to recover into the 1.49 territory and the 1.4850 support zone is being tested once again while writing these lines. In case of a break down below 1.4850, bearish objectives may be set into the lower half of 1.47. On the upside, a Read More
- Continue reading: Intra-day update on EURUSD and GBPUSD 11-13-09
Quote of the day: Wide diversification is only required when investors do not understand what they are doing. — Warren Buffett EURUSD Trading strategy: short at 1.4965, initial stop at 1.5025 (risk 1%), objective at 1.4865. Adjust stop to breakeven on +30 pips (at 1.4935) if reached. The euro pulled back on yesterday but remains Read More
- Continue reading: Daily analysis and trading strategies 11-13-09
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