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
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 consolidate into a narrow range around the 1.300 level, therefore the upside remains favored for now but a bullish close above 1.3050 has yet to be Read More
- Continue reading: Daily analysis and trading strategies 7-29-10
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
EURUSD Trading strategy: small long at 1.2410, stop at 1.2340 (0.5% risk), 1st objective at 1.2460, 2nd objective at 1.2510 Euro’s attempt to break past 1.2600 on Friday was short-lived but upside pressure remains high as the euro is conserving momentum above the 1.2500 handle – formerly providing resistance. Short-term sentiment is bullish and will Read More
- Continue reading: Daily analysis and trading strategies 7-5-10
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
Quote of the day: If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours. — John Maynard Keynes EURUSD Trading strategy: small short at 1.2290, stop at 1.2360 (0.5% risk), 1st objective at 1.2230, 2nd objective at 1.2100 Support at 1.2150 came under pressure Read More
- Continue reading: Daily analysis and trading strategies 6-30-10
EURUSD Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200 Downside pressure is high again as the euro is falling across the board – printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP – testing support Read More
- Continue reading: Daily analysis and trading strategies 6-29-10
EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 The euro is little changed against the dollar since yesterday’s morning – holding gains above minor intra-day support at 1.2300 for now. Yesterday’s rally to 1.2390 was short-lived but on short-term basis, the upside remains slightly favored – important upside Read More
- Continue reading: Daily analysis and trading strategies 6-25-10
EURUSD Trading strategy: standing aside The euro recovered after diving to as low as 1.2205 yesterday as the Fed reiterated it plans to keep rates “exceptionally low” for an “extended period”, repeating the language used in previous statements. The central bank’s decision to keep rates unchanged was widely expected but analysts say that the language used Read More
- Continue reading: Daily analysis and trading strategies 6-24-10
EURUSD Trading strategy: small short at 1.2235, stop at 1.2305 (0.5% risk), 1st objective at 1.2155, 2nd objective at 1.2035 Intra-day support has been found around 1.2250, protecting the more notable downside barrier at 1.2150 which served as stable support for 3 weeks before breaking lower to 1.1875. Short-term sentiment will remain slightly positive as Read More
- Continue reading: Daily analysis and trading strategies 6-23-10
EURUSD – 1.2287 The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution is advised for those buying Read More
- Continue reading: EURUSD, GBPUSD, AUDUSD, EURGBP and Gold outlook 6/14/10
Quote of the day: Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows. — John Buchanan Robinson EURUSD Trading strategy: standing aside Large moves both ways have been seen yesterday as the euro re-tested the bottom into Read More
- Continue reading: Daily analysis and trading strategies 6-2-10
EURUSD Trading strategy: standing aside The euro continues to weaken against the dollar, slipping below 1.2300 in yesterday’s quiet sessions. Minor resistance is now formed around 1.2300, followed by 1.2340/50 and 1.2430/50 higher. Intra-day sentiment is bearish at the time of writing but a potential break above 1.2340 would signal the resume of last week’s Read More
- Continue reading: Daily analysis and trading strategies 6-1-10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week’s bottom at 1.2520. The said support holds for now and a correction might be underway, but playing from short side Read More
- Continue reading: Daily analysis and trading strategies 5-14-10
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
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
Weekly technical outlook, by Liviu Flesar EURUSDEuro reached key support in the 1.286/7 area, breaking the major support levels in the 1.29 area. After breaking 1.299 which acted as a key permited retracement before steping foward to 1.31/32, the bearish sentiment on both hourly and daily studies is now re-focused. Influenced by the losses versus the Read More
Added on 01.21.2005 at 06.40GMT EURUSDWe expect a drop below the first key support at 1.2920, but probably after a smallcorrection of the 1.3125-1.2919 move. Current exchange rate is 1.2949Trading strategies:Short at 1.2985, t/p @1.2890, s/l @1.3035USDJPYA rally towards the 104 area is possible. Current exchange rate is 103.51. Trading strategies:Long at 103.20, t/p @103.80, s/l Read More
USDJPY After a rise towards 108 area, the USD will probably fall again as we got used in the last days. We will hold a long position until any bearish signal will be confirmed (probably around 108.00/10 level). Current value is 107.68. Trading strategies: Short at 108.10, t/p @107.70 s/l @108.20 EURUSD A test at Read More
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