Quote of the day: Don’t gain the world and lose your soul, wisdom is better than silver or gold. — Bob Marley EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3650 The dollar stays weaker against its counterparts and the euro managed to break above 1.3500, Read More
Quiet consolidation
Quote of the day: An expert is a man who tells you a simple thing in a confused way in such a fashion as to make you think the confusion is your own fault. — William Castle EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3630 Read More
Euro threatens 1.35
Quote of the day: When a man tells you that he got rich through hard work, ask him: ‘Whose?’ — Don Marquis EURUSD Trading strategy: long at 1.3400, stop at 1.3330(0.5% risk), 1st objective at 1.3450, 2nd objective at 1.3550 It’s Monday again and the euro starts the week by conserving recent gains against the Read More
Dollar’s weakness continues
Quote of the day: A bank is a place that will lend you money if you prove that you don’t need it. — Bob Hope EURUSD Trading strategy: long at 1.3330, stop at 1.3260(0.5% risk), 1st objective at 1.3380, 2nd objective at 1.3460 Dollar’s weakness continues as the euro hits a 5-month top at 1.3440 Read More
Euro rallies to 1.330 and Gold approaches 1300
Quote of the day: Continuous effort, not strength or intelligence, is the key to unlocking our potential. — Winston Churchill EURUSD Trading strategy: long at 1.3200, stop at 1.3170(0.5% risk), 1st objective at 1.3250, 2nd objective at 1.3330 The greenback fell against its major counterparts after Fed said yesterday that it “will provide additional accommodation Read More
- Continue reading: Euro rallies to 1.330 and Gold approaches 1300
Euro consolidating above support at 1.3040
Quote of the day: If a man does his best, what else is there? — General George S. Patton EURUSD Trading strategy: standing aside The euro pulled back from recent top at 1.3160 on Friday but it found support around former resistance at 1.3040. Although it maintains gains, we should keep an eye on the Read More
- Continue reading: Euro consolidating above support at 1.3040
Dollar extending losses
Quote of the day: You don’t get anything clean without getting something else dirty. — Cecil Baxter EURUSD Trading strategy: standing aside Another week is almost over and the euro is up more than 3% against the U.S. dollar and it is currently flirting with 1.3150. The break above 1.2900 few days ago suggested further Read More
Daily forex analysis: EURUSD’s short-term bias turning bullish
Quote of the day: Enjoy your achievements as well as your plans. – Max Ehrmann EURUSD Trading strategy: long at 1.2940, stop at 1.2870 (0.5% risk), 1st objective at 1.32990, 2nd objective at 1.3080 The euro extended its gains and breached above 1.2900 — thus confirming uptrend’s continuation. Now that the short-term studies are bullish Read More
- Continue reading: Daily forex analysis: EURUSD’s short-term bias turning bullish
Daily analysis: Euro ready to break above 1.29
Quote of the day: In the beginner’s mind there are many possibilities, but in the expert’s mind there are few — Shunryu Suzuki EURUSD Trading strategy: long at 1.2905 on hourly bar closed above 1.2900, stop at 1.2830(0.5% risk), 1st objective at 1.2955, 2nd objective at 1.3005 The 1.2900 interim barrier comes under pressure as Read More
- Continue reading: Daily analysis: Euro ready to break above 1.29
Daily forex analysis and strategies 9-8-10
Quote of the day: Leadership is a privilege to better the lives of others. It is not an opportunity to satisfy personal greed. — Mwai Kibaki EURUSD Trading strategy: short at 1.2780, stop at 1.2850(0.5% risk), 1st objective at 1.2730, 2nd objective at 1.2650 The euro is approaching last week’s bottom as intra-day support failed Read More
- Continue reading: Daily forex analysis and strategies 9-8-10
Daily analysis and trading strategies 9-7-10
Quote of the day: Democracy is being allowed to vote for the candidate you dislike least. — Robert Byrne EURUSD Trading strategy: small short at 1.2850, stop at 1.2910(0.5% risk), 1st objective at 1.2800, 2nd objective at 1.2750 The euro changed direction, revisiting the downside near support at 1.2770 after an industry group said Germany’s Read More
- Continue reading: Daily analysis and trading strategies 9-7-10
Daily analysis and trading strategies 9-2-10
Quote of the day: A deception that elevates us is dearer than a host of low truths. — Marina Tsvetaeva EURUSD Trading strategy: small long at 1.2740, stop at 1.2680 (0.5% risk), objective at 1.2900 The euro recovered some losses, breaking above the 1.2750 resistance region, following the risk pairs which rallied yesterday. Euro’s recovery Read More
- Continue reading: Daily analysis and trading strategies 9-2-10
Daily analysis and trading strategies 8-31-10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week’s gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term studies are bearish Read More
- Continue reading: Daily analysis and trading strategies 8-31-10
Daily analysis and trading strategies 8-30-10
EURUSD Trading strategy: standing aside Euro’s consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 – following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim support is seen Read More
- Continue reading: Daily analysis and trading strategies 8-30-10
Daily analysis and trading strategies 8-26-10
Quote of the day: Success isn’t permanent, and failure isn’t fatal. — Mike Ditka EURUSD Trading strategy: small long at 1.2730 on hourly close above 1.2720, stop at 1.2660 (0.5% risk), objective at 1.2850 The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day. Although short-term Read More
- Continue reading: Daily analysis and trading strategies 8-26-10
Daily analysis and trading strategies 8-23-10
Quote of the day: Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish. — John Quincy Adams EURUSD Trading strategy: small short at 1.2770, stop at 1.2840(0.5% risk), objective at 1.2650 The euro weakened across the board and breached below the bear flag formation against the dollar – printing a Read More
- Continue reading: Daily analysis and trading strategies 8-23-10
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 7-27-10
EURUSD Trading strategy: small long at 1.2960, stop at 1.2880(0.5% risk), 1st objective at 1.3010, 2nd objective at 1.3100 Fresh upside targets are in focus as the euro climbed higher yesterday and managed to stabilize around the $1.3 handle in overnight trading session. The full break above 1.3000 is in the cards and in case Read More
- Continue reading: Daily analysis and trading strategies 7-27-10
Daily analysis and trading strategies 7-19-10
EURUSD Trading strategy: standing aside Upside was capped by 1.3000 on Friday and the euro pulled back 100 points, but still holds gains above 1.2900. Short-term sentiment remains highly bearish and no signs of up trend exhaustion are seen yet. However, in case of extending current pullback below 1.29, we can look at 1.2700-1.2765 as Read More
- Continue reading: Daily analysis and trading strategies 7-19-10
Daily analysis and trading strategies 7-16-10
Quote of the day: Experienced traders control risk, inexperienced traders chase gains. — Alan Farley EURUSD Trading strategy: small long at 1.2820, stop at 1.2760 (0.5% risk), 1st objective at 1.2870, 2nd objective at 1.2920 $1.3 is getting closer as the euro rallied yesterday, overcoming the $1.2800 barrier. Even though there are no signs of Read More
- Continue reading: Daily analysis and trading strategies 7-16-10
Daily analysis and trading strategies 7-14-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro rallied to $1.2738, the strongest since May, confirming that the decline to $1.2520/50 was corrective. Short-term sentiment remains bullish even though it was unchanged while the pair tested the lower side below 1.2600. Read More
- Continue reading: Daily analysis and trading strategies 7-14-10
Daily analysis and trading strategies 7-1-10
EURUSD Trading strategy: standing aside The euro starts the new month under pressure, losing against its major counterparts. Support at 1.2150 held but so did the resistance at 1.2300 – formed by the 50% retracement of last down leg from 1.2465 to 1.2150. Lower highs and lower lows have been formed on the 4-hrs charts Read More
- Continue reading: Daily analysis and trading strategies 7-1-10
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 5-7-10
Quote of the day: The only hope is that our civilization will collapse at a certain point, as always happens in history. Then, out of barbarity, a renaissance. — Pierre Schaeffer EURUSD Trading strategy: standing aside It’s hard to describe yesterday’s markets disaster. The DJIA fell 1000 points erasing this year’s gains before recovering, EURJPY Read More
- Continue reading: Daily analysis and trading strategies 5-7-10
a week ahead (11/16-11/20)
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the Read More
Daily outlook and trading strategies 08-17-09
EURUSD Trading strategy: stand aside Last failed attempt against 1.4300 on Friday negates the end of the corrective phase and the euro is back into the lower side, testing bids into the 1.4130 region at the time of writing this. As seen on the chart below, trend line support into the 1.4125 zone is the Read More
- Continue reading: Daily outlook and trading strategies 08-17-09
Daily outlook and trading strategies 08-14-09
EURUSD Trading strategy: stand aside Yesterday’s rally has been limited into the 1.4325 region – 15 points below my 100 points target on the long position @1.4240 – I still hold the position with stop @breakeven / currently at +25 points, hoping that 1.4330 will be targeted again. Since the euro couldn’t hold gains above Read More
- Continue reading: Daily outlook and trading strategies 08-14-09
Daily outlook and trading strategies 08-13-09
EURUSD Trading strategy: long at 1.4240, initial stop at 1.4180, objective at 1.4340. Adjust stop to breakeven on +30 pips (at 1.4270) if reached Support mentioned on yesterday’s report into the 1.4080-1.4100 region formed by a rising trend line has provided a stable reversal point on last downside test, the euro’s recovery being fueled by Read More
- Continue reading: Daily outlook and trading strategies 08-13-09
Daily outlook and trading strategies 08-12-09
EURUSD Trading strategy: stand aside The pair trades quietly ahead of FOMC Interest Rate Decision later today, widely expected to remain unchanged at 0.25%. The euro has failed to advance higher on yesterday’s attempt and continues to trade around the 1.4150 level, being supported into the 1.4080-1.4110 region. A break above 1.4200 is needed to Read More
- Continue reading: Daily outlook and trading strategies 08-12-09
Daily outlook and trading strategies 08-11-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached Downside stays under pressure, the euro closing lower for the 5′th consecutive day. However, except Friday’s sell-off, the daily losses are relatively small, which is a sign that this could be Read More
- Continue reading: Daily outlook and trading strategies 08-11-09
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