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Some Midweek Charts to Watch

Posted by Liviu on February 15, 2012 – 8:22AM GMT - 16513Leave your thoughtsSome+Midweek+Charts+to+Watch2012-02-15+08%3A22%3A31Liviu

Be less curious about people and more curious about ideas. ~ Marie Curie

Good morning. Dollar climbs higher across the board as EUR declined below $1.3200 – a level which is currently providing first intra-day resistance.

USD Index

Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. We shall see within the next few trading sessions, so keep an eye on the highlighted level around 79.50

USD Index Chart Daily 2-15-2012

EURUSD

EURUSD is again looking heavier, forming lower lows and lower highs since the $1.3200 breakdown. I believe that EURJPY’s recovery is what keeps the EURUSD in the upper territory right now and there’s a good chance that EURJPY would continue to recover (more…)

- Continue reading: Some Midweek Charts to Watch

Dollar Down in Risk-On Trade Following Greece Austerity Vote

Posted by Liviu on February 13, 2012 – 8:27AM GMT - 164974 Comments2012-02-13+08%3A27%3A18Liviu

“Buy when there’s blood in the streets, even if the blood is your own.” ~ Baron Rothschild

Good morning. Euro recovered today as Greece passed austerity vote, at the cost of extreme violence and riots in Athens. Hence the dollar is trading lower, around Friday’s opening price.

USD Index

Dollar opened lower today, erasing Friday’s gains. Downside still in focus

USD Index Chart Daily 2-13-2012

EURUSD

Upside returns in focus after Asian recovery amid austerity vote. 1.3300 remains on the breakout watchlist (more…)

- Continue reading: Dollar Down in Risk-On Trade Following Greece Austerity Vote

Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows

Posted by Liviu on February 10, 2012 – 8:05AM GMT - 164864 Comments2012-02-10+08%3A05%3A29Liviu

While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link

Good morning. Euro pulls back again after yet another test of $1.3300 as Asian stocks declined today. US Trade balance and Bernanke’s speech are today’s most important events in the economic calendar

USD Index

it’s too early to call a bottom, ongoing recovery is probably corrective

USD Index Chart 2-10-2012

EURUSD

Support zone is back in focus after yet another failed attempt to break above $1.33. Bulls shouldn’t worry while EUR doesn’t drop decisively below 1.32 where first support is formed (more…)

- Continue reading: Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows

Dollar Continues Decline, EUR Up Ahead of ECB

Posted by Liviu on February 9, 2012 – 8:26AM GMT - 164761 Comment2012-02-09+08%3A26%3A04Liviu

We only do well the things we like doing. ~ Colette

Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today’s economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today

USD Index

It seems that a test of next support at 78 is just around the corner. So far there’s no clue that a bottom is in place, so it’s probably best to wait and see how things unfold after it tests 78

USD Index Chart 2-9-2012

EURUSD

and up it goes! the potential bull flag formation and the breakout above $1.3200 highlighted in my previous post are as valid as they can be. Now that the EUR is 1 big figure above former resistance at 1.3200, it’s clearer that the recovery is back on track and short-term sentiment will remain bullish as long as EUR holds above 1.32. Next potential target is 1.35 (more…)

- Continue reading: Dollar Continues Decline, EUR Up Ahead of ECB

Aussie Dollar Saves the Day

Posted by Liviu on February 7, 2012 – 8:18AM GMT - 164651 CommentAussie+Dollar+Saves+the+Day2012-02-07+08%3A18%3A11Liviu

Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery

Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surprised the markets by leaving interest rate unchanged at 4.25% instead of cutting to 4%.

USD Index

Resistance at 79.50 still holds and the buck pulled back after the test yesterday. Sentiment is still bearish while it holds below 79.50-80.

USD Index Chart Daily 2-7-2012

EURUSD

Currently following AUD higher; a test of 1.3200 is probably just around the corner. 1.3050 is intact, so short-term sentiment remains bullish. If you completely ignore the Greek headlines and look at both daily and 4-hrs EURUSD charts, you’ll probably agree that a potential breach of 1.3200 would provide a new buying opportunity. (more…)

- Continue reading: Aussie Dollar Saves the Day

Some Midweek Charts to Watch

Dollar Down in Risk-On Trade Following Greece Austerity Vote

Dollar Up in Asian Risk-Off Trade, Aussie Down, Euro Follows

Dollar Continues Decline, EUR Up Ahead of ECB

Aussie Dollar Saves the Day

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