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Daily analysis and trading strategies 3-11-10
4 responses - Posted 03.11.10
EURUSD Trading strategy: waiting for potential break above 1.3700 to consider a long position The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday's gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is ...continue
4 responses - Posted 03.11.10
EURUSD Trading strategy: waiting for potential break above 1.3700 to consider a long position The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday's gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is ...continue
Daily analysis and trading strategies 3-10-10
no responses - Posted 03.10.10
Quote of the day: Insanity is doing the same thing over and over again and expecting a different result. -- Albert Einstein EURUSD Trading strategy: waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro's ...continue
no responses - Posted 03.10.10
Quote of the day: Insanity is doing the same thing over and over again and expecting a different result. -- Albert Einstein EURUSD Trading strategy: waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro's ...continue
Daily analysis and trading strategies 3-9-10
2 responses - Posted 03.09.10
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. -- Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 - provided an intra-day reversal point again, limiting gains on last euro's attempt to climb higher. Support on the ...continue
2 responses - Posted 03.09.10
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. -- Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 - provided an intra-day reversal point again, limiting gains on last euro's attempt to climb higher. Support on the ...continue
Daily analysis and trading strategies 3-8-10
no responses - Posted 03.08.10
Quote of the day: We must believe in luck. For how else can we explain the success of those we don't like? -- Jean Cocteau EURUSD Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote ...continue
no responses - Posted 03.08.10
Quote of the day: We must believe in luck. For how else can we explain the success of those we don't like? -- Jean Cocteau EURUSD Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote ...continue
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 3-2-10
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 2-26-10
no responses - Posted 02.26.10
EURUSD Trading strategy: stand aside Yesterday's recovery continued through today's Asian session and 1.3600 is under pressure at the time of writing this article. My yesterday's small short at 1.3560 was triggered and is still in play. Short-term sentiment remains unchanged as there's enough room to the upside up to 1.3850/60, where a ...continue
no responses - Posted 02.26.10
EURUSD Trading strategy: stand aside Yesterday's recovery continued through today's Asian session and 1.3600 is under pressure at the time of writing this article. My yesterday's small short at 1.3560 was triggered and is still in play. Short-term sentiment remains unchanged as there's enough room to the upside up to 1.3850/60, where a ...continue
Daily analysis and trading strategies 2-24-10
2 responses - Posted 02.24.10
Quote of the day: A great truth is a truth whose opposite is also a truth. -- Thomas Mann EURUSD Trading strategy: small short at 1.3655, stop at 1.3695(0.5% risk), objective at 1.3575 Yesterday's rally went out of steam ahead of 1.3700 where resistance is formed by the downward trend line coming from ...continue
2 responses - Posted 02.24.10
Quote of the day: A great truth is a truth whose opposite is also a truth. -- Thomas Mann EURUSD Trading strategy: small short at 1.3655, stop at 1.3695(0.5% risk), objective at 1.3575 Yesterday's rally went out of steam ahead of 1.3700 where resistance is formed by the downward trend line coming from ...continue