Quote of the day: “Problems are not stop signs, they are guidelines.” - Robert Schuller EURUSD – 1.3974 @07:45 GMT Good morning. I hope you all had a nice weekend. The euro is little changed since Friday’s post-NFP – currently pushing on the 1.400 resistance level which will likely be breached in the coming trading Read More
Weekend Links 3/06/11
Hello. Here are some readings to browse this weekend Goldman’s FX Charts That Matter Next Week Investing in Silver Instead of Toilet Paper Currencies Key Trendline Price Level to Watch in US Dollar Index Euro and Yen – Surprising Developments From No 1 fan to critic-in-chief, Damon takes aim at Obama Unemployment Edges Lower as Job Growth Read More
Non-Farm Payrolls Day
Quote of the day: “Insanity in individuals is something rare – but in groups, parties, nations and epochs, it is the rule.” - Friedrich Nietzsche EURUSD – 1.3960 @08:00 Good morning. The euro is holding gains made yesterday on Trichet’s comments and currently hovers around 1.3960 – not far below the psychological barrier at 1.40. Charts Read More
Quick Short-Term Update 03/03/11
Hi. Just a quick update to yesterday’s thoughts & charts EURUSD The euro rallied well over 1.3850 today as Jean-Claude Trichet said that policy makers may soon hike interest rates to fight inflation. We are currently trading 40 points away from $1.40 and there’s no sign of exhaustion. However, I doubt we’ll see a break above Read More
EURUSD Breakout Underway Ahead of ECB Rate Decision
Quote of the day:“When you have faults, do not fear to abandon them.” – Confucius EURUSD – 1.3868 @07:35 GMT Good morning. The euro is orbiting around 1.3850 since yesterday afternoon, after recovering from intra-day lows at 1.3750. Upside is under pressure ahead of today’s ECB Interest Rate Decision and the press conference later today. Read More
- Continue reading: EURUSD Breakout Underway Ahead of ECB Rate Decision
Midweek Thoughts, Charts and Links
“Regulation of derivative transactions that are privately negotiated by professionals is unnecessary.” – Congressional Testimony of Alan Greenspan, July 1998 Hello folks. I’ve been quite busy lately but nonetheless, my phone is my companion and I had the charts & quotes with me all the time. I finally managed to buy a decent HD media player Read More
EURUSD Pulling Back From Resistance at 1.3850
Quote of the day:“Democracy don’t rule the world, You’d better get that in your head; This world is ruled by violence, But I guess that’s better left unsaid.” – Bob Dylan EURUSD – 1.3757 @07:30 GMT Hello. The euro pulled back from 1.3850 resistance level yesterday amid renewed Middle East concerns. Gold is trading at Read More
- Continue reading: EURUSD Pulling Back From Resistance at 1.3850
EURUSD Bullish Ahead of Bernanke’s Testimony
Quote of the day: “What people say you cannot do, you try and find that you can.” - Henry David Thoreau EURUSD – 1.3814 @06:23 GMT Hello. The euro recovered yesterday and is back around 1.3800 at time of writing. Resistance starts at 1.3850/60 – level that is still intact after several tests in February. Upside Read More
- Continue reading: EURUSD Bullish Ahead of Bernanke’s Testimony
FX Charts to Watch This Week
“The riskiest thing you can do is get greedy.” – Lance Armstrong Hello. This week will be quite busy, some of the key events in the Forex Calendar being the RBA Interest Rate Decision on Tuesday, Bernanke’s Testimony, Trichet’s speech, the ECB Interest Rate Decision, the US ADP Nonfarm Employment Change, the Initial Jobless Claims and, Read More
EURUSD Targeting 1.3860; Weekly Close Above 1.3750?
Quote of the day: “A complex system that works is invariably found to have evolved from a simple system that works.” - John Gaule EURUSD – 1.3824 @07:52 GMT Good morning. Upside is again under pressure as the euro rallied yesterday – recovering after testing intra-day support around 1.3700. Resistance at 1.3750 has been breached, so Read More
- Continue reading: EURUSD Targeting 1.3860; Weekly Close Above 1.3750?
EURUSD Pulling Back from 1.3750 Resistance Zone
Quote of the day: “The more alternatives, the more difficult the choice.” - Abbe’ D’Allanival EURUSD – 1.3711 @08:13 GMT Good morning. 1.3750 is still intact on the daily charts as price pulled back earlier today as German GDP came at 0.40% as widely expected. However, uptrend is intact and resistance at 1.3750 followed by 1.3860 Read More
- Continue reading: EURUSD Pulling Back from 1.3750 Resistance Zone
EURUSD Retesting Resistance at 1.3750
Quote of the day: “Experience is the name every one gives to their mistakes.” – Oscar Wilde EURUSD – 1.3722 @07:52 GMT Good morning. The recovery continues after yesterday’s wild movements and the euro is flirting with 1.3750 at time of writing. A break above the said upside barrier will be an important bullish confirmation Read More
Tuesday Thoughts, Charts and Links
Quote of the day: “Anger always comes from frustrated expectations” – Elliott Larson Hello. Crazy EURUSD chart today as it recovered from 1.3530 very fast, retesting 1.3700. Long tailed candle on the daily chart suggesting more upside action, so keep your eyes on 1.3750. Check my yesterday post for some observation on this level. As Read More
Monday Thoughts, Charts and Links
“Always do what you are afraid to do.” – Ralph Waldo Emerson Hello. I made a few changes to the site recently, so if you notice any errors or weird behavior please drop me a line. One of the changes is the IntenseDebate comment system which is very cool. You probably know it already from Read More
EURUSD Turns Bullish After Breaking Resistance
Quote of the day: “Believe you can and you’re halfway there.” – Theodore Roosevelt EURUSD – 1.3680 @07:53 GMT Good morning. Upside is back in focus as the euro rallied on Friday, reversing at 1.3550. My plan to sell at 1.3560 on the potential breakdown turned bad but the secondary plan – to switch direction Read More
- Continue reading: EURUSD Turns Bullish After Breaking Resistance
EURUSD Testing Resistance Zone
Quote of the day: “Every nation ridicules other nations, and all are right.” – Arthur Schopenhauer EURUSD – 1.3588 @07:35 GMT Good morning. Resistance at 1.3600/20 where 61% of 1.3750-1.3430 resides is still under pressure at time of writing, so the pair is not changed much since my yesterday evening article. While this resistance zone Read More
Quick EUR, USD Thoughts and Thursday Links
“Before the effect one believes in different causes than one does after the effect.” – Friedrich Nietzsche Good evening. Let’s take a quick look at some interesting euro, dollar and silver charts. EURUSD is little changed since yesterday but what’s important is that it trades higher for 3rd day in a row and notable short-term Read More
- Continue reading: Quick EUR, USD Thoughts and Thursday Links
Dollar Weaker after FOMC Minutes and ahead of Bernanke’s Testimony
Quote of the day: “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” – Theodore Roosevelt EURUSD – 1.3571 @07:55 GMT Good morning. The dollar is weaker against the EUR today after Read More
- Continue reading: Dollar Weaker after FOMC Minutes and ahead of Bernanke’s Testimony
EURUSD Slightly Higher Ahead of FOMC Minutes
Quote of the day: “Whenever you find that you are on the side of the majority, it is time to reform.” – Mark Twain EURUSD – 1.3545 @07:58 GMT Trading strategy: standing aside Good morning. I exited my short EURUSD position for a loss as the pair returned to 1.3550/60 where it is testing resistance Read More
- Continue reading: EURUSD Slightly Higher Ahead of FOMC Minutes
EURUSD Still Under Pressure
Quote of the day: “All human wisdom is summed up in two words – wait and hope” – Alexandre Dumas EURUSD – 1.3475 @07:38 GMT Trading strategy: holding short at 1.3500, initial stop at 1.3560 (0.5% risk), objective open. Good morning. The euro trades a bit higher against the greenback at time of writing, recovering Read More
Eurozone Debt Crisis – Again the Main Topic
Quote of the day: “Blessed are the young for they shall inherit the national debt.” – Herbert Hoover EURUSD – 1.3537 @05:40 GMT Trading strategy: looking to sell at 1.3500, initial stop at 1.3560 (0.5% risk), objective open. Support at 1.3500 still holds but the downside remains under pressure as the Euro-zone debt problem is Read More
- Continue reading: Eurozone Debt Crisis – Again the Main Topic
EURUSD seems ready to reach a lower low
Hello. This is a very quick post because I’m short of time – travelling today. However, in case you missed it – yesterday I posted a very interesting interview, so please check it and post your feedback. EURUSD – 1.3560 @07:10 GMT Trading strategy: looking to sell at 1.3600, stop at 1.3660 (0.5% risk), 1st Read More
Dollar Sold Off on Bernanke’s Speech but 1.3750 Resistance is Intact
Quote of the day: “Hypocrisy is the homage which vice pays to virtue” – François de La Rochefoucauld Quick notice: today I’m adding a new category to the site. It will contain interesting articles so stay tuned. EURUSD – 1.3681 @06:49 Trading strategy: looking to buy at 1.3730, stop at 1.3680 (0.5% risk), objective open. Read More
- Continue reading: Dollar Sold Off on Bernanke’s Speech but 1.3750 Resistance is Intact
EURUSD: Potential Selling Opportunity at Resistance Level
Quote of the day: “The determination to win is the better part of winning.” – Daisaku Ikeda EURUSD – 1.3635 @07:45 GMT Trading strategy: looking to sell at 1.3740, stop at 1.3790 (0.5% risk), 1st objective at 1.3690, 2nd objective at 1.3600 Good morning. Intra-day resistance zone near 1.3650 is on the radar screen as Read More
- Continue reading: EURUSD: Potential Selling Opportunity at Resistance Level
EURUSD Starts the Week Under Pressure
Quote of the day: “In ancient times they had no statistics so they had to fall back on lies.” – Stephen Leacock EURUSD – 1.3591 @07:55 Trading strategy: standing aside Good morning. Price is little changed since Friday’s pre-NFP levels as the euro recovered after declining to 1.3550. However, it’s a bit too early to Read More
Weekend Thoughts and Some Setups
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” - Paul Tudor Jones Hello. I hope you are having a great weekend. It’s been an interesting week in the Forex market, with some large movements on both sides across the board. Let’s look Read More
EURUSD Vulnerable after Trichet’s Speech, ahead of the NFP
Quote of the day: “We believe that if men have the talent to invent new machines that put men out of work, they have the talent to put those men back to work.” – John F. Kennedy EURUSD – 1.3630 @06:50 GMT Trading strategy: looking to sell at 1.3710, stop at 1.3770 (0.5% risk), 1st Read More
- Continue reading: EURUSD Vulnerable after Trichet’s Speech, ahead of the NFP
Some Thursday Reads
“The market is weird. Every time one guy sells, another one buys, and they both think they’re smart.” Hello. It’s been a wild day: the euro declined below support at 1.3750, retesting last week’s lower levels on Trichet’s less-hawkish statement. We’ll see tomorrow if this 200-pip decline ahead of NFP was corrective or not. Here Read More
EURUSD Holding Gains Ahead of ECB Rate Decision and Bernanke’s Speech
Quote of the day: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte EURUSD Read More
- Continue reading: EURUSD Holding Gains Ahead of ECB Rate Decision and Bernanke’s Speech
Evening thoughts, setups and links
“For a trader, winning is extremely dangerous if you haven’t learned how to monitor and control yourself.” – Mark Douglas Good evening. As promised yesterday, I’m back on my good old desktop PC to share some thoughts on charts and setups – including the ones I posted on Monday. Let’s start with EURUSD. As I Read More
Warning: All the information on this site is provided "as is" for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, not intended for trading purposes or advice.
Bear in mind that you are the only one responsible for your own trades. If you follow anyone else expecting to replicate his results, then you are doing something wrong.
Forex Trading is speculative, involves significant risk of loss and is not suitable for everyone (Full Disclaimer) - (Terms of Use)
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.