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Daily analysis and trading strategies 3-5-10
no responses - Posted 03.05.10
EURUSD Trading strategy: stand aside Downside comes under renewed pressure as support around 1.3650 formed by the descending trend line coming from 1.3840 along with last week's top side failed to hold. As the pair continues to bounce off support zone around 1.3450 but fall back from resistance region around 1.3700 too ...continue
no responses - Posted 03.05.10
EURUSD Trading strategy: stand aside Downside comes under renewed pressure as support around 1.3650 formed by the descending trend line coming from 1.3840 along with last week's top side failed to hold. As the pair continues to bounce off support zone around 1.3450 but fall back from resistance region around 1.3700 too ...continue
Daily analysis and trading strategies 3-4-10
2 responses - Posted 03.04.10
EURUSD Trading stratetgy: looking to sell at 1.3795, stop at 1.3855(1% risk), objective at 1.3675. Yesterday's close above last week's top and above the falling trend line coming from 1.3840 was an upside confirmation and support may be found now into the 1.3625/50 region. There are several important events today such as ...continue
2 responses - Posted 03.04.10
EURUSD Trading stratetgy: looking to sell at 1.3795, stop at 1.3855(1% risk), objective at 1.3675. Yesterday's close above last week's top and above the falling trend line coming from 1.3840 was an upside confirmation and support may be found now into the 1.3625/50 region. There are several important events today such as ...continue
Daily analysis and trading strategies 3-3-10
no responses - Posted 03.03.10
Quote of the day: The possession of facts is knowledge, the use of them is wisdom. -- Thomas Jefferson EURUSD Trading strategy: stand aside The euro is back into the 1.36 zone after the 4th rebound from the 1.3440 bottom, last week's top side along with the downward trend line resistance coming from ...continue
no responses - Posted 03.03.10
Quote of the day: The possession of facts is knowledge, the use of them is wisdom. -- Thomas Jefferson EURUSD Trading strategy: stand aside The euro is back into the 1.36 zone after the 4th rebound from the 1.3440 bottom, last week's top side along with the downward trend line resistance coming from ...continue
Daily analysis and trading strategies 3-2-10
2 responses - Posted 03.02.10
Quote of the day: Some rise by sin, and some by virtue fall. -- William Shakespeare EURUSD Trading strategy: stand aside Lower region of 1.3440-1.3500 is again under pressure as the euro couldn't hold gains above the 1.36 mark, being hit by cable's weakness. Resistance formed by the trend line joining recent weekly ...continue
2 responses - Posted 03.02.10
Quote of the day: Some rise by sin, and some by virtue fall. -- William Shakespeare EURUSD Trading strategy: stand aside Lower region of 1.3440-1.3500 is again under pressure as the euro couldn't hold gains above the 1.36 mark, being hit by cable's weakness. Resistance formed by the trend line joining recent weekly ...continue
Daily analysis and trading strategies 03-01-10
no responses - Posted 03.01.10
Quote of the day: Never confuse motion with action. -- Benjamin Franklin EURUSD Trading strategy: stand aside Despite recent selling pressure ahead of $1.37 - upside seems slightly favored and last recoveries from 1.3450 are suggesting that a temporary bottom has been formed, initiating a short-term trend reversal. A proper confirmation would occur ...continue
no responses - Posted 03.01.10
Quote of the day: Never confuse motion with action. -- Benjamin Franklin EURUSD Trading strategy: stand aside Despite recent selling pressure ahead of $1.37 - upside seems slightly favored and last recoveries from 1.3450 are suggesting that a temporary bottom has been formed, initiating a short-term trend reversal. A proper confirmation would occur ...continue
Daily analysis and trading strategies 2-25-10
no responses - Posted 02.25.10
Quote of the day: Nothing is as simple as we hope it will be. -- Jim Horning EURUSD Trading strategy: small short at 1.3560, stop at 1.3610(0.5% risk), 1st objective at 1.3510, 2nd objective at 1.3440 Fresh selling emerged and limited yesterday's rally to 1.3625 session high, downside pressure intensifying through the Asian ...continue
no responses - Posted 02.25.10
Quote of the day: Nothing is as simple as we hope it will be. -- Jim Horning EURUSD Trading strategy: small short at 1.3560, stop at 1.3610(0.5% risk), 1st objective at 1.3510, 2nd objective at 1.3440 Fresh selling emerged and limited yesterday's rally to 1.3625 session high, downside pressure intensifying through the Asian ...continue
Daily analysis and trading strategies 2-19-10
no responses - Posted 02.19.10
Quote of the day: Common sense ain't common. -- Will Rogers EURUSD Trading strategy: stand aside The euro comes under high pressure once again against the dollar, eroding the recent bottom into the 1.3530/50 region as the Fed chose to bump up the discount lending rate by one-quarter point to 0.75 percent. Yesterday's ...continue
no responses - Posted 02.19.10
Quote of the day: Common sense ain't common. -- Will Rogers EURUSD Trading strategy: stand aside The euro comes under high pressure once again against the dollar, eroding the recent bottom into the 1.3530/50 region as the Fed chose to bump up the discount lending rate by one-quarter point to 0.75 percent. Yesterday's ...continue
Daily analysis and trading strategies 2-3-10
2 responses - Posted 02.03.10
Quote of the day: Anticipation, I suppose, sometimes exceeds realization -- Amelia Earhart EURUSD Trading strategy: small short at 1.4030, stop at 1.4080(0.5% risk), 1st objective at 1.3980, 2nd objective at 1.3930. The euro maintains its bid tone, recovering some lost ground against the dollar but still holds below the 1.40 handle. Resistance ...continue
2 responses - Posted 02.03.10
Quote of the day: Anticipation, I suppose, sometimes exceeds realization -- Amelia Earhart EURUSD Trading strategy: small short at 1.4030, stop at 1.4080(0.5% risk), 1st objective at 1.3980, 2nd objective at 1.3930. The euro maintains its bid tone, recovering some lost ground against the dollar but still holds below the 1.40 handle. Resistance ...continue
Daily analysis and trading strategies 1-22-10
no responses - Posted 01.22.10
EURUSD Trading strategy: short at 1.4215, stop at 1.4265(1% risk), objective at 1.4175. Euro's comeback from the 1.4030 bottom is likely to extend further, towards resistance zone around 1.4250, where fresh selling will probably emerge. Short term sentiment remains bearish while below 1.4250-1.4300, so a daily close above the said range is ...continue
no responses - Posted 01.22.10
EURUSD Trading strategy: short at 1.4215, stop at 1.4265(1% risk), objective at 1.4175. Euro's comeback from the 1.4030 bottom is likely to extend further, towards resistance zone around 1.4250, where fresh selling will probably emerge. Short term sentiment remains bearish while below 1.4250-1.4300, so a daily close above the said range is ...continue
Short-term outlook (12/15-12/25)
2 responses - Posted 12.15.09
[polldaddy poll=2390846] EURUSD Euro's correlation to the S&P 500 has been lost since a few days ago when the S&P 500 reversed at 1086 but euro went the opposite way, not following to the upside. The correlation to gold remained higher, though - but since both gold and euro face downside pressure ...continue
2 responses - Posted 12.15.09
[polldaddy poll=2390846] EURUSD Euro's correlation to the S&P 500 has been lost since a few days ago when the S&P 500 reversed at 1086 but euro went the opposite way, not following to the upside. The correlation to gold remained higher, though - but since both gold and euro face downside pressure ...continue