Differences challenge assumptions. ~ Anne Wilson Schaef Good morning folks. Not much is changed since yesterday across the charts, as EUR maintains a bid tone for now – but there’s a good change that current recovery is only a (much needed) correction. Hourly charts already show signs of exhaustion, but more notable resistance is a bit Read More
- Continue reading: Dollar Pulls Back After Strong Rally, Euro Recovers but Remains Under Pressure
Dictionary is the only place that success comes before work. ~ Vince Lombardi Good morning. Euro is pulling back after testing $1.3200 on Friday, and it looks bullish while interim support around $1.3150 holds. Risk currencies are under pressure as stock indices such as S&P500 failed to breach recent top side. Here’s a couple of charts Read More
Small opportunities are often the beginning of great enterprises. ~ Demosthenes Good morning. Stocks recovered some of last week’s losses, hence the dollar is sold-off, facing resistance around 80 USD Index It’s still difficult for the dollar to break above resistance formed around 80 by the downward trendline, so I remain bearish while it holds below Read More
Strong people make as many mistakes as weak people. Difference is that strong people admit their mistakes, laugh at them, learn from them. That is how they become strong. ~ Richard Needham Good morning. There’s pressure on the dollar these days, as the euro continues recovery bringing resistance around $1.33 back in focus. USD Index Next Read More
What we see depends mainly on what we look for. ~ John Lubbock Good morning. Dollar rallied across the board, breaking above recent top as Fed did not suggest further quantitative easing. Euro breached support at 1.3100, trading around 1.3040 at time of writing. USD Index The sign of a breakout was quite clear after Friday’s Read More
We fail far more often by timidity than by over daring. ~ David Gayson Good morning. The euro declined on Friday’s post NFP market reaction and Greek debt swap. Greece is again in focus as eurozone finance ministers meet today to discuss Greece’s second bailout final approval. Other important events on this week’s economic calendar are: Read More
First say to yourself what you would be; and then do what you have to do. ~ Epictetus Good morning. It seems that the euro is getting some relief on growing optimism about the Greece’s debt restructuring. But it’s that day of the month again and everyone is waiting for the NFP. USD Index Still in range Read More
- Continue reading: NFP Friday is Here: Dollar in Range, Euro and Risk Pairs Pull Back
Most of the basic truths of life sound absurd at first hearing. ~ Elizabeth Goudge Good morning. The yen continued to recover as Greece worries boost safety demand, while the dollar is up against most counterparts as EUR, metals and other risk pairs such as AUDUSD declined. Starting today I will use tradingview.com for dollar index charts mainly. Read More
There are two rules for success: 1) Never tell everything you know. ~ Roger H. Lincoln Good morning. Risk-off trade continues, therefore JPY is recovering across the board. Australian dollar drops as the RBA maintains interest rate at 4.25% as expected, but suggested that the door is open for further cuts. Let’s see what are Read More
- Continue reading: Dollar Approaching Resistance Zone; Risk Pairs Under Pressure
History is the version of past events that people have decided to agree upon. ~ Napoleon Bonaparte Good morning. Euro continues to weaken and so far there is no sign of relief. Some of the most important economic events this week are the interest rate decisions of RBA, RBNZ, BOC, BOE and ECB, the US Trade Read More
If you make people think they’re thinking, they’ll love you; But if you really make them think, they’ll hate you. ~ Don Marquis Good morning. Dollar resumed decline as EURUSD rallied above $1.3300 resistance level. USD Index Support around 78 is back in focus after dollar resumed decline yesterday EURUSD yesterday’s breakout suggests more upside and Read More
- Continue reading: Dollar Continues Decline; Charts to End the Week
Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first. ~ Ronald Reagan Good morning. Dollar continues to trade in a narrow range as EURUSD is still consolidating below $1.3300 which is the first resistance level to keep an eye on. German Read More
The best ideas come as jokes. Make your thinking as funny as possible. ~ David M. Ogilvy Good morning. Euro is little changed against the US dollar since yesterday, but upside remains favored while consolidation continues above $1.3200 which is the first intraday support zone. USD Index As seen below, not much happened since Monday’s opening, Read More
It takes too much energy to be against something unless it’s really important. ~ Madeleine L’Engle Good morning. The euro is strengthening across the board on Greece bailout news. USD Index Dollar’s decline continues after forming a reversal candle around 80. I guess it’s time to look at the range’s bottom where support is formed between Read More
- Continue reading: Greece Bailout Deal Sends EUR Higher Across the Board
The forceps of our minds are clumsy forceps, and crush the truth a little in taking hold of it. ~ H. G. Wells Good morning. Last two days have been a mix of good and bad for the risk-sensitive currency pairs as the Japanese yen recovered across the board on Wednesday, but switched direction yesterday, on Read More
Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. Read More
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s Read More
Quote of the day:“The beginning of knowledge is the discovery of something we do not understand.” ~ Frank Herbert Good morning. The euro backed away from a fresh multi-week top zone above $1.45 and has slipped back to support region formed by the rising trendline connecting recent higher lows – best seen in the 4-hrs chart Read More
Hello again. Here’s a couple of interesting setups brewing these days EURGBP EURGBP daily chart 6-28-2011 EURGBP 4hrs chart 6-28-2011 GBPUSD GBPUSD daily chart 6-28-2011 NZDUSD NZDUSD daily chart 6-28-2011 Will add more soon. Cheers!
Greetings. There are some setups worth watching in the coming days, such as the following: GBPUSD: recent sell-offs are suggesting that more pressure on the trendline around 1.6150 is likely, and current lower-highs formation is intact – therefore keep an eye on the highlighted resistance zone if current recovery continues. I think it’s worth looking Read More
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
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?
Here are some interesting charts to watch in the coming days. Less words, more charts! EURJPY EURJPY daily chart 5-3-2011 EURGBP EURGBP daily chart 5-3-2011 EURCHF EURCHF daily chart 5-3-2011
- Continue reading: Charts To Watch In The Coming Days 5/03/11
Hello. Here is a quick update to some of the short-term charts & setups I’ve posted 9 days ago but some new ones, too. EURJPY EURJPY daily chart 2-15-2011 EURJPY weekly chart 2-15-2011
- Continue reading: Short-term Charts Update and Interesting 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
“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
Good evening. As promised earlier today – I’m back, posting some interesting setups I’m watching lately. GBPUSD GBPUSD daily chart 1-31-2011 Silver Silver daily chart 1-31-2011
“I think that gravity sets into everything, including careers, but pendulums do swing and mountains do become valleys after a while… if you keep on walking.” – Sylvester Stallone Good evening. I hope everyone is fine today. It’s been an interesting day, so far, as the dollar continued to depreciate across the board and some Read More
Hello. As promised in my morning post, I’m back – posting some short-term charts, most of them being updates to those posted on Monday afternoon (and GBPUSD from Monday morning article) GBPUSD GBPUSD daily chart 1-13-2011
Quote of the day: History, in general, only informs us of what bad government is. – Thomas Jefferson EURUSD Trading strategy: looking to sell at 1.3260, stop at 1.3320, 1st objective at 1.3210, 2nd objective at 1.3110 1.3400 capped the upside yesterday and the euro is back below 1.33 and Monday’s bottom. The Irish government Read More
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