Quote of the day: Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services. – Henry Ford EURUSD Trading strategy: long at 1.3960, stop at 1.3890(0.5% risk), 1st objective at 1.4010, 2nd objective at 1.4100 Although it managed to rally above the 1.4000 Read More
EUR ready to conquer 1.4
Quote of the day: Sometimes a man can meet his destiny on the road he took to avoid it. – Louis Salinger in The International EURUSD Trading strategy: long on pullback to 1.3950, stop at 1.3880(0.5% risk), 1st objective at 1.4000, 2nd objective at 1.4100 The euro holds gains above $1.39 against the dollar after Read More
U.S. dollar resumes slide – gold unstoppable
Quote of the day: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan EURUSD Trading strategy: long at 1.3800, stop at 1.3730 (0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3950 Euro’s correction is completed Read More
- Continue reading: U.S. dollar resumes slide – gold unstoppable
RBA surprises by leaving rates unchanged – dollar recovers
Quote of the day: Fortune favors the prepared mind. – Louis Pasteur EURUSD Trading strategy: standing aside The dollar recovered some losses and former resistance region at 1.3680 is still under pressure as the pair continues to orbit on a 80 pips range – around it. Current pullback is most likely corrective, but it is Read More
- Continue reading: RBA surprises by leaving rates unchanged – dollar recovers
Dollar remains under pressure
I am currently on a short holiday in Italy, until next week, therefore I might not be able to write my articles on a daily basis. Quote of the day: It does not matter how slowly you go as long as you do not stop. – Confucius EURUSD Trading strategy: standing aside The euro advanced Read More
Euro conserving gains near recent top
Quote of the day: The trees that are slow to grow bear the best fruit. – Moliere EURUSD Trading strategy: long at 1.3680, stop at 1.3620 (0.5% risk), 1st objective at 1.3730, 2nd objective at 1.3800. Other plan would be to look for buying opportunities on pullback to 1.3550, stop at 1.3480 (0.5% risk), 1st Read More
Correction likely?
Quote of the day: To avoid criticism do nothing, say nothing, be nothing. — Elbert Hubbard EURUSD Trading strategy: long at 1.3480, stop at 1.3410(0.5% risk), 1st objective at 1.3530, 2nd objective at 1.3640 Yesterday’s bottom around 1.3570 is under pressure at time of writing as the euro is pulling back from 5-month high reached Read More
The dollar continues to fall
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
Trading setups to consider next week
Quote of the day: As long as people believe in absurdities they will continue to commit atrocities. — Voltaire EURUSD The euro had a good run against the dollar in the last 2 weeks, gaining 450 pips per week – being up 6.4% this month. Or I rather say “the dollar is down 6.4% against Read More
Modest correction underway
Quote of the day: Fall seven times, stand up eight. — Japanese Proverb EURUSD Trading strategy: long at 1.3370, stop at 1.3310 (0.5% risk), 1st objective at 1.3420, 2nd objective at 1.3500 The euro is giving back some gains and reached a session low at 1.3285 in Asian session – downside being limited by former 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
Dollar under pressure ahead of FOMC
Quote of the day: I find that the harder I work, the more luck I seem to have. — Thomas Jefferson EURUSD Trading strategy: long at 1.3120, stop at 1.3060 (0.5% risk), 1st objective at 1.3170, 2nd objective at 1.3250 The dollar is weaker ahead of FOMC Interest Rate decision on concern the Fed will Read More
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
Some setups to consider next week
EURUSD The euro was one of the main pairs to benefit from dollar’s weakness across the board lately – so it is currently up 400 pips from the bottom reached two weeks ago – around 1.2645. Recent break above 1.2900 is suggesting further upside action as the short-term studies became bullish, hence the whole decline Read More
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: the consolidation continues
Quote of the day: The pure and simple truth is rarely pure and never simple. — Oscar Wilde EURUSD Trading strategy: long at 1.2930, stop at 1.2860 (0.5% risk), 1st objective at 1.2970, 2nd objective at 1.3080 The euro is consolidating into a tight range around 1.2990 – upside being capped by 1.3030. Upside is Read More
- Continue reading: Daily forex analysis: the consolidation continues
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 9-13-10
Quote of the day: There is no worse lie than a truth misunderstood by those who hear it. — William James EURUSD Trading strategy: long at 1.2750, stop at 1.2680 (0.5% risk), 1st objective at 1.2800, 2nd objective at 1.2900 Some more upside action is possible now that the consolidation between 1.2660 and 1.2760 is Read More
- Continue reading: Daily forex analysis and strategies 9-13-10
Daily forex analysis and strategies 9-10-10
Quote of the day: Good judgment comes from experience and experience comes from bad judgment. — Fred Brooks Are you on Facebook? If so, you can join innerfx there EURUSD Trading strategy: short at 1.2660, stop at 1.2720(0.5% risk), 1st objective at 1.2610, 2nd objective at 1.2560 The upside barrier around 1.2770 was retested yesterday Read More
- Continue reading: Daily forex analysis and strategies 9-10-10
Daily forex analysis and strategies 9-9-10
Quote of the day: It has become appallingly obvious that our technology has exceeded our humanity. — Albert Einstein EURUSD Trading strategy: short at 1.2675 on hourly close below 1.2670, stop at 1.2735(0.5% risk), 1st objective at 1.2625, 2nd objective at 1.2550 Former support around 1.2770 was tested and held, as I was expecting in Read More
- Continue reading: Daily forex analysis and strategies 9-9-10
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 9-6-10
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 9-3-10
EURUSD Trading strategy: small long at 1.2780, stop at 1.2720(0.5% risk), 1st objective at 1.2830, 2nd objective at 1.2900 The euro is relatively quiet since yesterday, trading in a narrow range of 70 points, but holding gains above 1.2800. Upside is slightly favored and a pullback may provide a buying opportunity if former resistance at Read More
- Continue reading: Daily analysis and trading strategies 9-3-10
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 9-1-10
EURUSD Trading strategy: standing aside Range-bound trading continues as the upside was capped by 1.2740 yesterday but support around 1.2650 was also stable. Recent euro’s losses against the Swiss franc and the yen are contributing to its weakness against the dollar, too – and current EURCHF and EURJPY studies don’t look too good to those Read More
- Continue reading: Daily analysis and trading strategies 9-1-10
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