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 Read More
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, Read More
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 Read More
Thursday Charts
Good morning. The euro continues to decline as there are fears of Cyprus contagion and it’s quite obvious that the decline is far from over. Today’s important events in the FX calendar is the Initial Jobless Claims and GDP EURUSD Downtrend remains strong and all pullbacks are providing good selling opportunities. As a small update Read More
Charts to Start the Week
Good morning. The euro is getting a lift on news that finance ministers from Euro zone approved a bailout plan for Cyprus. Bernanke’s speech is today’s most important event EURUSD Resistance formed around 1.3050 is intact after today’s test, hence selling into current area is probably a good idea. Although buying on the potential breach Read More
Tuesday Charts to Watch
Good morning. The euro declined and remains under pressure amid fears over Cyprus bailout. EURUSD 1.3050 still provides a strong resistance and a potential recovery toward said level is likely to be short-lived. Selling into weak recoveries is probably the best bet for now Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: Read More
Tuesday Charts to Watch
Good morning. Dollar resumed rally after Friday’s NFP and the euro declined from 1.31 area to 1.2955. EURUSD It was a good plan to hold short ahead of Friday’s NFP, and I believe that current pullback is corrective, as EUR is showing signs of exhaustion after recovering from 1.2950 area to 1.3050 – currently trading Read More
NFP Day is Here: Friday Charts to Watch
Good morning. The euro had a good run yesterday after Draghi’s comments, who said that eurozone’s economy will stabilize this year. EUR holds onto gains ahead of today’s NFP data. EURUSD Yesterday I was rather expecting this former resistance range between 1.3050-1.3100 to hold, but after such strong declines – “more-than-modest” or even strong corrections Read More
Thursday Charts
Good morning. EUR continues to lose ground against the dollar and looks quite fragile ahead of today’s ECB decision. Other important events today: US Trade Balance, Initial Jobless Claims and BoE’s Interest Rate Decision. EURUSD Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell into rally in the 1.3070-1.3100 area, stop Read More
I’m back
Hello! I apologize for being away for so long. I appreciate the worried messages I received from some of you guys. Well, it’s been a while. My reason for the break was that I became really busy working on some non-trading related projects, which obviously resulted in very, very limited time to focus on trading Read More
Charts to End the Week
Good morning. Dollar weakened across the board against most counter-parts, except JPY, as the Fed announced a new round of quantitative easing. Here’s what’s worth a look today EURUSD Buying on break of 1.3015/30 was a good idea, as EUR keeps climbing and is now flirting with resistance around 1.3100. Upside remains favored for now Read More
Midweek Charts to Watch
Good morning. I’ve been away for a while, but looking at current charts, it doesn’t seem that I missed anything interesting. Let’s take a closer look at today’s charts to see if there are any good trading opportunities. EURUSD EUR looks bullish against the USD on both intraday and short-term basis, so buying dips in Read More
Tuesday Charts That Matter
Good morning. The euro keeps climbing higher, flirting with $1.300 on Greek optimism. Bernanke’s speech is today’s notable event EURUSD As seen on the chart below, there are no important barriers up to around 1.3130 which is the recent top. Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to buy dips at Read More
Midweek Charts to Watch
Good morning. EUR declined overnight on disappointing Greek aid-talk results. EURUSD EUR found temporary support between the two fib lines highlighted in the hourly chart below. However, it’s probably a safer trading plan to look for selling opportunities on rally to $1.2800 Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell Read More
Thursday Charts
Good morning. Euro recovered some ground across the board mainly due to EURJPY rallying on prospects Japanese elections next month will result in aggressive monetary easing. USDJPY also rallied well above 80.00 – reaching levels last seen in April. There are several important economic events today, such as the US CPI, initial jobless claims and Read More
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