Friday Charts

Good morning. I made a few changes to the site and it should load faster now.
Here are some charts worth a look today. Don’t forget it’s the NFP day (consensus: 184K)

EURUSD

Uptrend is losing steam after a good run started at $1.28. Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170.

Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to buy dips at 1.3150, stop below 1.3100, target at 1.3300

EURUSD 4hrs 8-2-2013

EURUSD 4hrs 8-2-2013

Continue reading

Monday Charts

Hello. The euro has climbed slowly against the dollar toward the 61.8% of 1.3415-1.2755 at 1.3160.A hint of current recovery was the two daily candles highlighted in my previous post and below. Buying on the breakout above this fib resistance is one thing to consider

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy on break of 1.3150, target at 1.3300, stop below 1.3080

EURUSD daily chart 7-22-2013

EURUSD daily chart 7-22-2013

USDJPY Continue reading

Tuesday Charts

Good morning.

EURUSD

Dollar pulled back against its major counter-parts, especially against the euro which is currently trading in the 50% retracement zone of the decline from 1.34 to 1.2750

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy on break of 1.3150, target at 1.3300, stop below 1.3080

EURUSD 4hrs 7-16-2013

EURUSD 4hrs 7-16-2013

It’s easier to see on the daily chart that previous daily candles are suggesting an extended recovery – as the sell-off initiated at the 61.8% retracement was limited Continue reading

Monday Charts

Good morning. Off-topic question: does this site load slow for you? I’ll make some changes in the coming days to make it run faster i.e. hosting location, disabling most plugins etc.

Back to our charts.

EURUSD

Euro keeps getting closer to recent lows in the 1.27 area and so there’s just no reason to expect seeing a strong recovery yet. Selling into minor rallies is probably the best bet for now. The upward trendline highlighted last week (and below) has been breached and is now providing resistance

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on pullback to 1.2900, stop above 1.2960, target at 1.2800 and lower

EURUSD daily 7-8-2013

EURUSD daily 7-8-2013

EURCAD Continue reading

Tuesday Charts

Good morning. Dollar remains strong across the board and more gains are in the cards. The setups posted last week were quite good to grab some pips.

EURUSD

Euro remains under pressure and it seems that there’s a good chance to see a test of the trendline highlighted in the daily chart below.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to hold short @1.3100 with stop above 1.3160+, target at 1.2900.

EURUSD daily 7-2-2013

EURUSD daily 7-2-2013

USDJPY Continue reading

Thursday Charts

Good morning. The dollar keeps rising against some of its counter parts like EUR and GBP, and there’s a good chance that it will continue to post gains. Here’s an update to the charts posted yesterday

EURUSD

61.8% fib support was breached and minor rallies toward $1.31 will provide more selling opportunities

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell at 1.3100, stop above 1.3160, target at 1.2900

EURUSD 4hrs 6-27-2013

EURUSD 4hrs 6-27-2013

AUDUSD Continue reading

Midweek Charts

I’ve taken another break from updating the blog due to limited time which caused a disconnect between me and the charts. Less time for trading means less time for writing, and I apologize to those readers who had a habit of checking this site on a regular basis. I’m going to make a few changes to see if a new schedule better fits with my day by day stuff (not trading related). For this reason, I might publish updates more often during the evening (European time).

This being said, let’s get straight to some charts.

EURUSD

Ongoing decline doesn’t seem to be over yet and there’s pressure on the 61.8% retracement value around 1.3060. That MA zone highlighted in the chart below was a good support during the uptrend and I believe that it’s still valid – but this time as a resistance layer. So either selling on a break below this 61.8% (the aggressive way) or on a pullback to 1.3100-50 area is the way to go.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell at 1.3100-50, stop above 1.3200, target at 1.2900.

EURUSD 4hrs 6-26-2013

AUDUSD Continue reading

Monday Charts

Good morning. Here’s a quick look at some of today’s charts

EURUSD

The euro slipped below 1.300 against the US dollar and the decline is likely to continue, providing a potential opportunity to sell into weak rallies toward resistance at 1.300

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on rally to 1.300, stop above 1.3060, target at 1.2800

EURUSD hourly 5-13-2013

EURUSD hourly 5-13-2013

Daily chart Continue reading

Thursday Charts

Good morning. The euro recovered across the board but pulled back against the dollar yesterday, so the question now is whether current decline is corrective or not. Let’s take a look at a few interesting charts

EURUSD

Yesterday’s decline suggests that Euro’s recovery is corrective. See the daily chart below.

Market sentiment: intraday – bearish, short-term – slightly bullish
Potential trade strategy: to sell on rally to 1.3100, stop above 1.3170, target at 1.2850

EURUSD daily 4-18-2013

EURUSD daily 4-18-2013

Here’s the 4-hrs chart, where I highlighted the dynamic resistance range formed by the moving average lines. As long as it holds below 1.31, downside is favored  Continue reading

Tuesday Charts

Good morning. Dollar is dropping across the board along with the Japanese yen. AUDJPY is now well over the 100 mark while the USDJPY is only 1 figure away from the psychological barrier of 100. Will it get there? yes, it is only a matter of time (a few days or less).

EURUSD

EUR recovered against the dollar since my previous post. It did, however, reached my target at 1.2750 from the selling zone of 1.2850. Now I’m looking to the other side: planning to buy it

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy on break above 1.3050, stop at 1.2980, target at 1.3220
EURUSD daily 04-09-2013

 

AUDUSD Continue reading