Greetings. Here’s a quick update on yesterday’s charts and some new charts worth a look: GBPUSD: the declined has continued continued for 100 points today, as yesterday’s close confirmed a pinbar. However, support at 62% fib retrace value of the move from 1.5930 to 1.6740 is intact, as dollar lost ground across the board. I Read More
Daily Charts to Watch 5/11/11
Some interesting daily charts & potential setups: GBPUSD GBPUSD daily chart 5-11-2011 NZDUSD NZDUSD daily chart 5-11-2011 GBPJPY GBPJPY daily chart 5-11-2011 EURGBP EURGBP daily chart 5-11-2011 USDNOK USDNOK daily chart 5-11-2011 What other setups are you watching?
JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Quote of the day: “Endless money forms the sinews of war.” - Marcus Tullius Cicero EURUSD – 1.4086 @08:00 GMT Good morning. The euro is trading comfortably into the 1.4 region but the real show takes place elsewhere: the JPY charts on news that G-7 is intervening to weaken the Japanese yen. The EURJPY is up Read More
- Continue reading: JPY Intervention is the Main Theme Today; EURUSD Breaking Above 1.40
Charting the Disaster
Recent trading sessions were crazy. Here’s the JPY blood bath: USDJPY USDJPY daily chart 3-17-2011 AUDJPY AUDJPY weekly chart 3-17-2011 GBPJPY GBPJPY daily chart 3-17-2011 USDCHF CHF is very interesting too USDCHF daily chart 3-17-2011 There are several months now since everyone and his dog ”buys the dip” at any level – and yesterday was Read More
Wednesday 08.10.2005
EURUSD The Euro reached highs above 1.2400 on yesterday but failed to establish a support there so it declined towards 1.2330 and remained in the 1.2330-1.2380 range until the time of this writing. A new 1.2400 test may be seen today, so far the Eur remains bullish and ready to set fresh highs versus the Read More
A week ahead (05/30-06/03)
Weekly technical outlook, by Liviu Flesar EURUSDAfter a minor retracement in the 1.26 area, the dollar continued its path bringing the psychological level of 1.2500 in focus, with a test which established a record low of this year at 1.2495. Despite the Euro strong bearish sentiment, the greenback was pulled North in a trend corrective Read More
Wednesday 05.18.2005
Added on 05/18 at 05:41GMTEURUSD After several tests of the resistance level at 1.2650 on yesterday, the Euro failed and returned in the critical area at 1.2585 where the support seems quite strong. All the weak tests at 1.2650 gave more and more clues that it is possible to see the dollar reaching 1.2550 before Read More
A week ahead(05/09-05/13)
Weekly technical outlook, by Liviu FlesarEURUSDThe Euro rose to the 50% retracement of 1.3121-1.2832 which is the key level of 1.2990 and as we expected one week ago, it was not able to break through 1.2990, reversing there and getting back in the deeps of the 1.28 area. The narrow range of 1.2930-1.2990 was suggesting Read More
A week ahead (04/25-04/29)
Weekly technical outlook, by Liviu FlesarEURUSD Even if both currencies were quite weak during the previous days, losing ground versus the other currencies, the Euro managed to rise above the key level at 1.306. The week also closed above 1.306, therefore it is now possible to see more aggressive tests on the 1.31 area and Read More
A week ahead (04/18-04/22)
Weekly technical outlook, by Liviu Flesar EURUSDThe dollar fell back on Friday against the major currencies despite a stronger-than-expected report from the Treasury Department on US capital flows. After testing the major barier at 1.277, the greenback is now back in the 1.29 area, asking again for the patience of those waiting to see Read More
UPDATE: A week ahead (04/11-04/15)
Weekly technical outlook, by Liviu Flesar EURUSD The pair consolidated for a while during the Asian session, trying to break 1.3 in the London trading and falling for 150 points in the US trading session after the US trade deficit which widened to record $61 bln in February (consensus -$59 bln. / previous -$58.3 bln).The Read More
A week ahead(03/14-03/18)
EURUSDThe rally started at 1.308 and paused around 1.346 on Friday, arrived to a decisive point. For the week ahead we have a potential 1.36 test on one side, and a retracement or reverse back, on the other side. The pair found strong support in the 1.338/1.34 area, and these levels will probably be Read More
A week ahead (03/07-03/11)
EURUSD We had a triple top formed in the 1.327-1.328 resistance zone during the last week and also a double bottom on the 1.309 support area. The last two 1.328 resistance tests also made a Momentum divergence. The support breakout at 1.318 was quite tricky because I expected the next support at 1.3085 to be Read More
A week ahead(02/28-03/04)
EURUSDLooks like the retracement of the 1.301-1.328 is over and the pair is now ready to test the major resistance level at 1.3295 again. Additional gains will target the second resistance at 1.334 and 1.3385 later. We also have a bullish momentum developed after the last retracement at 50 fib level at 1.3145. Support Read More
A week ahead(02/21-02/25)
EURUSDThe dollar was unexpectedly weak during the last week, even if many traders thought that there will be seen fresh lows in the 1.26area. Strong support was found in the 1.2730/40 region, also the 38.2 retracement of the 1.212-1.366 move. Therefore, the entire move toward the 1.273 area could be only a retracement and now Read More
Thursday 02.17.2005
Added on 02.17.2005 at 06.41GMT EURUSDSupport starts at 1.3025 followed by 1.2998 and 1.2976. Resistance is seen at 1.3066 followed by 1.3085 and 1.3131. Current exchange rate 1.3043.Trading strategies: Long at 1.3015/25, t/p @1.3060, s/l @1.3USDJPYSupport was found at 104.80 during the yesterday rally and resistance is seen at 105.7 followed by 106.12. Current exchange rate Read More
Tuesday 10.19.2004 (+bonus signals)
Added on 10.19.2004 at 04.52 GMT USDJPY We expect a hit of the 109.65 res level during the next trading hours. A reverse will probably occur on the 109.70/80 area.Current value is 109.42 Trading strategies: Long at 109.35, t/p @109.65, s/l @109.10 EURUSD A new rise towards 1.250 area is expected but we don’t think Read More
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