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Daily analysis and trading strategies 2-11-10
no responses - Posted 02.11.10
Quote of the day: The only summit meeting that can succeed is the one that does not take place. -- Barry M. Goldwater EURUSD Trading strategy: stand aside Yesterday's trading sessions have been mixed - euro falling after a failed attempt to breach above 1.3800, but found support on the 61.8% of the ...continue
no responses - Posted 02.11.10
Quote of the day: The only summit meeting that can succeed is the one that does not take place. -- Barry M. Goldwater EURUSD Trading strategy: stand aside Yesterday's trading sessions have been mixed - euro falling after a failed attempt to breach above 1.3800, but found support on the 61.8% of the ...continue
Daily analysis and trading strategies 01-29-10
no responses - Posted 01.29.10
Quote of the day: It is better to fail in originality than to succeed in imitation. -- Herman Melville EURUSD Trading strategy: small short at 1.4050, stop at 1.4110 (0.5% risk), 1st objective at 1.4000, 2nd objective at 1.3950 The euro remains under pressure since weak rallies are finding resistance and it couldn't ...continue
no responses - Posted 01.29.10
Quote of the day: It is better to fail in originality than to succeed in imitation. -- Herman Melville EURUSD Trading strategy: small short at 1.4050, stop at 1.4110 (0.5% risk), 1st objective at 1.4000, 2nd objective at 1.3950 The euro remains under pressure since weak rallies are finding resistance and it couldn't ...continue
NFP printing -85k, dollar bearish sentiment increased
1 response - Posted 01.08.10
Today's NFP data release printed -85k - a disappointing figure compared to the wide expectations of a positive (or neutral) one. Although it's been testing the lower territory during the European trading session, the euro recovered most of yesterday's losses which were likely influenced by a priced-in positive NFP figure. ...continue
1 response - Posted 01.08.10
Today's NFP data release printed -85k - a disappointing figure compared to the wide expectations of a positive (or neutral) one. Although it's been testing the lower territory during the European trading session, the euro recovered most of yesterday's losses which were likely influenced by a priced-in positive NFP figure. ...continue
Daily analysis and trading strategies 11-05-09
3 responses - Posted 11.05.09
EURUSD Trading strategy: long at 1.4760, initial stop at 1.4690, objective at 1.4900. Adjust stop to breakeven on +40 pips (at 1.4800) if reached The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for "an extended period" and kept trillion-dollar stimulus measures in place to support the ...continue
3 responses - Posted 11.05.09
EURUSD Trading strategy: long at 1.4760, initial stop at 1.4690, objective at 1.4900. Adjust stop to breakeven on +40 pips (at 1.4800) if reached The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for "an extended period" and kept trillion-dollar stimulus measures in place to support the ...continue
Daily analysis and trading strategies 11-03-09
1 response - Posted 11.03.09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as ...continue
1 response - Posted 11.03.09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as ...continue
Daily analysis and trading strategies 11-02-09
2 responses - Posted 11.02.09
EURUSD Trading strategy: stand aside The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at ...continue
2 responses - Posted 11.02.09
EURUSD Trading strategy: stand aside The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at ...continue
Daily analysis and trading strategies 10-09-09
1 response - Posted 10.09.09
EURUSD Trading strategy: stand aside Yesterday's gains against the dollar have been limited into the 1.4800/20 region and Bernanke's speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to ...continue
1 response - Posted 10.09.09
EURUSD Trading strategy: stand aside Yesterday's gains against the dollar have been limited into the 1.4800/20 region and Bernanke's speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to ...continue
Daily analysis and trading strategies 10-08-09
2 responses - Posted 10.08.09
EURUSD Trading strategy: long at 1.4710, initial stop at 1.4660, objective at 1.4810. Adjust stop to breakeven on +30 pips (at 1.4740) if reached Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which ...continue
2 responses - Posted 10.08.09
EURUSD Trading strategy: long at 1.4710, initial stop at 1.4660, objective at 1.4810. Adjust stop to breakeven on +30 pips (at 1.4740) if reached Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which ...continue
Daily analysis and trading strategies 10-07-09
1 response - Posted 10.07.09
EURUSD Trading strategy: stand aside The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight's low at 1.4683, look for ...continue
1 response - Posted 10.07.09
EURUSD Trading strategy: stand aside The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight's low at 1.4683, look for ...continue
Medium term outlook on EUR, AUD and Gold
1 response - Posted 09.09.09
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 ...continue
1 response - Posted 09.09.09
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 ...continue