Greg Michalowski
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Greg Michalowski's Page

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Greg Michalowski posted a blog post

The Forex WInners and Losers for June 17th

The USD was the strongest currency for Tuesday's trading, rising by the most against the AUD. The move lower in the AUDUSD was ignited by a more dovish RBA meeting minutes. In the US, the higher than expected CPI gave the USD a bit of a bid today.  The FOMC meeting will end tomorrow with the Fed tapering by an additional…See More
Jun 17
Greg Michalowski posted a blog post

EURUSD continues the trend down

The EURUSD is maintaining the trend lower. The topside trendlined now has three points along the line. The bottom, less steep trendline has 3 points (and one failed break). The sellers are still in control with the 1.2775 level as the bottom target now.   I would look for buyers against this level as it also is near the…See More
Jan 5, 2012
Greg Michalowski's blog post was featured

It is the day after Christmas, and not a creature is stirring

The US dollar is down on the day against all the major currencies except the NZD which suffered continued earthquake tremors over the weekend (the above chart shows the dollars change agains the major currencies). The China/Japan pact over the weekend got the dollar off on the wrong foot and that has continued through the…See More
Dec 27, 2011
Greg Michalowski posted a blog post

It is the day after Christmas, and not a creature is stirring

The US dollar is down on the day against all the major currencies except the NZD which suffered continued earthquake tremors over the weekend (the above chart shows the dollars change agains the major currencies). The China/Japan pact over the weekend got the dollar off on the wrong foot and that has continued through the…See More
Dec 26, 2011
Greg Michalowski posted a blog post

Effects of ECB Loan Program. Why it is a good thing.

The ECB loan program whereby they will extend credit out to 3 years at the average of the ECB's benchmark rate (currently at 1%) was subscribed to the tune of $645 billion today.  This was much larger than expected but I am not surprised.  With the ECB likely to keep rates low for an "extended period of time" (the Feds chosen words, not the ECB's at least publically) now, the money represents virtually fixed liquidity at a low 1% yield or less if the ECB cuts more.  Banks decided to take the…See More
Dec 21, 2011
Greg Michalowski posted a blog post

EUR/USD bangs against key resistance level at 1.3131-37.

 The EURUSD has enjoyed a nice trend day to the upside today on the back of better German data and also better US housing data.  Stocks are up nicely as well which is contributing to the risk on trade and buying of the EURUSD.  However, the pair is currently testing key topside resistance at the 1.3131-37 level. The level is the underside of a broken trendline (1.3137), the 38.2% of the trend move down (at 1.31315) and the 200 hour MA (1.3134) . For a closer look at the resistance area see the…See More
Dec 20, 2011
Greg Michalowski posted a blog post

USDJPY supported but still has hurdles ahead

 The USDJPY has been showing signs of support in trading today but still has some hurdles to overcome.The pair corrected to the 38.2% of the move up from the Dec 8th low and bounced yesterday (see hourly chart below)The low today held above the trendline resistance line which was also broken today. Currently the trendline comes in at 77.91. Staying above this level is needed to keep the shorter term buyers happy today. A move below and the good times may be over for now.The price last week…See More
Dec 14, 2011
Greg Michalowski posted a blog post

EURUSD banging against the 1.3211 level

The 1.3211 level in the EURUSD, is where trendline connecting the January 10th low and the low from October 4th comes across (see daily chart above) . The price has banged against this level over the last hour or so of trading with good two-way flow. The low has come in at 1.3210 currently.  On the topside the price has been…See More
Dec 12, 2011
Greg Michalowski's blog post was featured

Italian Bond Yields and the EURUSD. Does one Zig when the other Zags?

 There is a lot of talk that as the Italian bond yields move, so does the EURUSD  – only in the opposite direction.   Today the yield of the Italian bond fell from above 6.80% to 6.62% at the start of the day, and then  rebounded back higher toward the 7% level. The current yield is at 6.922. Why the volatility? There are basically two forces at work. One is that there is the desire to lessen the number of bonds on the books of banks – especially of those who’s countries are deemed risky. Italy…See More
Nov 17, 2011
Greg Michalowski posted blog posts
Nov 16, 2011
Greg Michalowski's blog post was featured

EURUSD choppy trade takes price up and down. Bias still down.

There is a lot of choppy action in the EURUSD.  The corrective move to the upside earlier in the NY session peaked nicely at the 1.3652 area (see chart above). This was a key target for the pair as it represented underside of trendline resistance and has also been a low area in mid October and in early November (see daily…See More
Nov 10, 2011
Greg Michalowski posted a blog post

EURUSD choppy trade takes price up and down. Bias still down.

There is a lot of choppy action in the EURUSD.  The corrective move to the upside earlier in the NY session peaked nicely at the 1.3652 area (see chart above). This was a key target for the pair as it represented underside of trendline resistance and has also been a low area in mid October and in early November (see daily…See More
Nov 10, 2011
Greg Michalowski's blog post was featured

EURUSD is scared to trend in skittish markets today.

The EURUSD continues to have its trouble maintaining a discernable trend as momentum traders get in, and then get out.  The moves lack a trend direction, and although clues can be found from some technical levels, the action suggests if there are clues that momentum is fading, traders GET OUT.In the 5 minute chart the initial…See More
Nov 7, 2011
Greg Michalowski posted a blog post

EURUSD is scared to trend in skittish markets today.

The EURUSD continues to have its trouble maintaining a discernable trend as momentum traders get in, and then get out.  The moves lack a trend direction, and although clues can be found from some technical levels, the action suggests if there are clues that momentum is fading, traders GET OUT.In the 5 minute chart the initial…See More
Nov 7, 2011
Greg Michalowski posted a blog post

EURUSD back higher on the day as momentum trading dominates

When I look at the market, I look for technical clues that support a trend direction and then keep that trend in place from a technical perspective.  This morning the EURUSD fell below intraday support levels (trendline , 100 bar and 200 bar MA, and close from yesterday) and the price fell.  The bias was down. To keep the…See More
Nov 3, 2011
Greg Michalowski posted blog posts
Oct 4, 2011

Profile Information

About Myself
Chief Currency Analyst for FXDD and author of "Attacking Currency Trends" (Wiley, April 2011) www.attackingcurrencytrends.ocm). I maintain blogs on FXStreet and for FXDD at http://forex.fxdd.com. I am honored to be a regular webinar presenter for FXStreet. My analysis is largely technical oriented as technical tools allow retail traders to define risk and therefore keep risk to a minimum.
Trading style
Trend
Current Broker
FXDD

Greg Michalowski's Blog

The Forex WInners and Losers for June 17th

Posted on June 17, 2014 at 11:05pm 0 Comments

The USD was the strongest currency for Tuesday's trading, rising by the most against the AUD. The move lower in the AUDUSD was ignited by a more dovish RBA meeting minutes. In the US, the higher than expected CPI gave the USD a bit of a bid today.  The FOMC meeting will end tomorrow with the…

Continue

EURUSD continues the trend down

Posted on January 5, 2012 at 4:22pm 0 Comments

The EURUSD is maintaining the trend lower. The topside trendlined now has three points along the line. The bottom, less steep trendline has 3 points (and one failed break). The sellers are still in control with the 1.2775 level as the bottom target now.   I would look for buyers against this level as it…

Continue

It is the day after Christmas, and not a creature is stirring

Posted on December 26, 2011 at 4:39pm 0 Comments

The US dollar is down on the day against all the major currencies except the NZD which suffered continued earthquake tremors over the weekend (the above chart shows the dollars change agains the major currencies). The China/Japan pact over the weekend got the dollar off on the wrong foot and that has…

Continue

Effects of ECB Loan Program. Why it is a good thing.

Posted on December 21, 2011 at 3:39pm 0 Comments

The ECB loan program whereby they will extend credit out to 3 years at the average of the ECB's benchmark rate (currently at 1%) was subscribed to the tune of $645 billion today.  This was much larger than expected but I am not surprised.  With the ECB likely to keep rates low for an "extended period of time" (the Feds chosen words, not the ECB's at least publically) now, the money represents virtually fixed liquidity at a low 1% yield or less if the ECB cuts more.  Banks decided to take the…

Continue

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