“Normal is nothing more than a cycle on a washing machine.” – Whoopi Goldberg Hello. As mentioned earlier today, I’m back to share some interesting charts. EURUSD As you all know – tomorrow is an important day, when the ECB is expected to raise rates for the first time since July 2008. The rate hike is Read More
No signs of euro recovery yet; Gold above 1400
Quote of the day: Sometimes it is better to lose and do the right thing than to win and do the wrong thing. – Tony Blair EURUSD Trading strategy: standing aside Euro’s sell-off continues amid European debt concerns which are worsening risk appetite in the market. The pair failed to hold recent gains above the $1.400 Read More
- Continue reading: No signs of euro recovery yet; Gold above 1400
Daily analysis and trading strategies 9-6-10
Quote of the day: If all economists were laid end to end, they would not reach a conclusion. – George Bernard EURUSD Trading strategy: standing aside The euro managed to reach 1.2900 on Friday’s NFP release which came at -54k. Although 1.2900 currently caps the upside, the euro is set to strengthen – breaking above Read More
- Continue reading: Daily analysis and trading strategies 9-6-10
Daily analysis and trading strategies 8-19-10
EURUSD Trading strategy: standing aside Another failed attempt to break above 1.2900 occurred yesterday although the euro rallied to as high as 1.2920 before weakening throughout the US trading session. The appreciation to 1.2920 was a result of following the Pound which rallied coming behind the BoE minutes. As I said yesterday – I’d prefer Read More
- Continue reading: Daily analysis and trading strategies 8-19-10
Daily analysis and trading strategies 8-13-10
Quote of the day: Money will come when you are doing the right thing. — Mike Phillips EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support at 1.3000 Read More
- Continue reading: Daily analysis and trading strategies 8-13-10
Daily analysis and trading strategies 8-12-10
EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 Euro’s decline accelerated after breaking below 1.3100 and 1.3000 yesterday, printing a session low at 1.2830 – which was 350 points down from the daily open. Dollar’s appreciation across the board comes after the Fed said that the U.S. economic Read More
- Continue reading: Daily analysis and trading strategies 8-12-10
Daily analysis and trading strategies 8-9-10
EURUSD Trading strategy: small long at 1.3210, stop at 1.3140(0.5% risk), objective at 1.3350 The dollar is weaker across the board after the Nonfarm payrolls shed 131,000 jobs last month, compared to a consensus of 70k. Dollar’s weakness is likely to continue as economic data shows that the U.S. recovery is stalling and may need Read More
- Continue reading: Daily analysis and trading strategies 8-9-10
Daily analysis and trading strategies 8-5-10
Quick note: Are you on Facebook? Join innerfx on Facebook by clicking the “Like” button and you’ll always be in the know about interesting Forex articles I read, write & share. So apart from the content I already have on the site, the Facebook page will have lots more, because I always share great articles when I Read More
- Continue reading: Daily analysis and trading strategies 8-5-10
Daily analysis and trading strategies 8-4-10
Quote of the day: He who moves not forward, goes backward. — Johann Wolfgang von Goethe EURUSD Trading strategy: small long at 1.3100, stop at 1.3030 (0.5% risk), 1st objective at 1.3150, 2nd objective at 1.3250 1.3250 has been reached yesterday as euro’s bullish trajectory remains firm but a pullback is likely ahead of tomorrow’s Read More
- Continue reading: Daily analysis and trading strategies 8-4-10
Daily analysis and trading strategies 8-3-10
EURUSD Trading strategy: small long at 1.3100, stop at 1.3030(0.5% risk), 1st objective at 1.3150, 2nd objective at 1.3250 1.3100 failed to hold and the euro rallied to as high as 1.3195 — on its way to the next important objective which is set into the 1.3250/90 region. Short-term sentiment is bullish and no technical Read More
- Continue reading: Daily analysis and trading strategies 8-3-10
Daily analysis and trading strategies 8-2-10
Quote of the day: The only sure thing about luck is that it will change. — Wilson Mizner EURUSD Trading strategy: standing aside Friday’s pullback towards the 1.2970 support zone was short-lived – once again confirming current uptrend’s strength on a short-term basis. More range-bound action is likely while 1.3100 caps the upside and potential Read More
- Continue reading: Daily analysis and trading strategies 8-2-10
Daily analysis and trading strategies 7-30-10
EURUSD Trading strategy: standing aside The euro holds steady above former intra-day resistance at 1.3050 after reaching a fresh multi-week high at 1.3105 yesterday. Current recovery is likely to continue and next upside objective is seen at 1.3250/90. Today’s most important event in the economic calendar is the US GDP data release at 13:30 GMT. Read More
- Continue reading: Daily analysis and trading strategies 7-30-10
Daily analysis and trading strategies 7-28-10
EURUSD Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200 The euro continues to orbit around 1.3000 and yesterday’s dip to 1.2950 was short-lived, therefore the upside remains in focus for now as most signs are pointing North. Potential pullbacks Read More
- Continue reading: Daily analysis and trading strategies 7-28-10
Daily analysis and trading strategies 7-26-10
EURUSD Trading strategy: standing aside Stress tests results released on Friday showed that 7 banks failed the health checks. The results appear to be good news but question is: how severe those tests were? The euro recovered after the dip to 1.2800 and currently trades into the 1.29 area, maintaining the bullish momentum intact. Even Read More
- Continue reading: Daily analysis and trading strategies 7-26-10
Daily analysis and trading strategies 7-21-10
Quote of the day: If you want to have a better performance than the crowd, you must do things differently from the crowd. — Sir John Templeton EURUSD Trading strategy: standing aside The euro pulled back once again after testing 1.3 but the upside remains favored, although current slide may extend lower towards 1.2770 where Read More
- Continue reading: Daily analysis and trading strategies 7-21-10
Daily analysis and trading strategies 7-13-10
EURUSD Trading strategy: standing aside Yesterday’s trading sessions have been rather quiet after the slide to as low as 1.2550 against the dollar. First intra-day resistance is currently limiting gains around 1.2615 but the short-term studies remain bullish as long as the euro doesn’t return below the 1.2300 handle. However, the 4 hrs charts are Read More
- Continue reading: Daily analysis and trading strategies 7-13-10
Daily analysis and trading strategies 7-12-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
Daily analysis and trading strategies 7-9-10
EURUSD Trading strategy: small long at 1.2640, stop at 1.2570 (0.5% risk), 1st objective at 1.2700, 2nd objective at 1.2760 The dollar continued to weaken across the board as equities are recovering – the S&P 500 closed up 1%. ECB President Trichet also helped the euro by saying that the economic activity in the Euro Read More
- Continue reading: Daily analysis and trading strategies 7-9-10
Daily analysis and trading strategies 5-25-10
Quote of the day: More things in politics happen by accident or exhaustion than happen by conspiracy. — Jeff Greenfield EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 Euro’s weakness continues on concerns that European debt crisis is spreading. Support levels established last week at 1.2440/50 and 1.2340 Read More
- Continue reading: Daily analysis and trading strategies 5-25-10
Daily analysis and trading strategies 5-24-10
Quote of the day: You cannot simultaneously prevent and prepare for war. — Albert Einstein EURUSD Trading strategy: standing aside The dollar recovered Friday’s losses against the euro after South Korea said it will halt trade with its northern neighbor and seek United Nations Security Council action over the sinking of a warship last month. Read More
- Continue reading: Daily analysis and trading strategies 5-24-10
Daily analysis and trading strategies 5-21-10
EURUSD Trading strategy: small long at 1.2465, stop at 1.2395 (0.5% risk), objective at 1.2620 The euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to 1.2145. Upside is Read More
- Continue reading: Daily analysis and trading strategies 5-21-10
Daily analysis and trading strategies 5-20-10
Quote of the day: Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over regulated or the burdens are too great they all start to roll their eyes, just like all of our children do when we talk about the good old days. — Read More
- Continue reading: Daily analysis and trading strategies 5-20-10
Daily analysis and trading strategies 5-19-10
Quote of the day: It takes as much imagination to create debt as to create income. — Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above support at Read More
- Continue reading: Daily analysis and trading strategies 5-19-10
Daily analysis and trading strategies 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 hold pullback Read More
- Continue reading: Daily analysis and trading strategies 01-29-10
Daily analysis and trading strategies 1-25-10
EURUSD Trading strategy: short at 1.4265, stop at 1.4325(1% risk), 1st objective at 1.4205, 2nd objective at 1.4145 The euro holds its modest gains around 1.4170, recovering from recent bottom at 1.4030. Short term sentiment remains bearish while below 1.4300 and extended gains from current market levels will probably be limited by facing resistance into Read More
- Continue reading: Daily analysis and trading strategies 1-25-10
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