Anyway, this AUDUSD short set up seems quite nice. We have a nice bearish divergence with my bbsqueeze and the pair nearing the upper part of a…Continue
The pair is currently @ 1.5674 and testing a corrective move. We should see a break to the R4 area @ 1.5624. We could see a bounce at that level back to the top or a corrective continuation to the R3/Trend line @ 1.5535. Wait until Cable proves its intentions.…Continue
Added by Scott Barkley on July 31, 2012 at 1:44pm — No Comments
After forming a new yearly low last week, the pair produced its strongest 3 day climb (from top to bottom) for the entire 2012 year which is impressive considering the economic situation is far worse than it was in 2011. I suspect this was more of a short squeeze than anything, and am really just waiting for the shoe to drop (any) which means either Spain asking for another bailout and admitting they are broke, Greece leaving the EZ, or Germany not…
Added by 2ndSkiesForex on July 31, 2012 at 2:55am — No Comments
Traders it's been a while but hopefully I can remain active in posting to my blog. I am looking at the AUD vs USD on a daily chart above. Based off of the Ichimoku signals this is a bullish market and we can see that just basically by looking at the trend. No indicators needed to see that! It's been…Continue
"Buy the dips." The old trader adage can be easily forgotten when one's mind is absorbed by a slew of chart indicators and/or an endless sea of economic data. Those three simple words arguably represent the best justification for hitting the buy button for an AUD/USD trade during the Wednesday 25 July Asian trading session. The mid-week Aussie long is my latest addition to the Trade of the Week (TOTW) series.
Last week, I highlighted multiple recent AUD-positive news events on…Continue
Added by Curt Wehrley on July 29, 2012 at 3:01pm — No Comments
Euro/dollar fell even further as the crisis deteriorated but recovered from the abyss as bold statements were made by Draghi and other figures. It is now delivery time in a very critical week for the euro. Apart from the highly anticipated rate decision, the calendar is packed with events . Here is an outlook for the upcoming events and an updated technical analysis for…Continue
Added by Yohay Elam on July 29, 2012 at 11:40am — No Comments
This is just the beginning of serious defending of Euro by the European officials as they will have to prove that they have enough ammunition in their sleeves to defend their currency. Previously, Angela Merkel made quite a few futile attempts to defend the European currency, but her sermons was not enough to give solace to ailing currency due to Euro region’s uncountable negative factor.
After Merkel’s failure to defend Euro-zone currency now it is Superman…
After posting a strong 3 day pullback, the Aussie found strong support at the kijun sen support forming an outside bar in the process. This also coincided with a short term channel support which has now played out 3x on both ends. Although the Kijun is currently flat, it held price and combined with the tenkan climbing, I am expecting more…
Comments by ECB Governing Council member Nowotny sparked a euro short-covering rally during today's London morning trading session. Starting at the US equity market open, the greenback staged a modest recovery against Europe's common currency before the London close.
Added by Curt Wehrley on July 25, 2012 at 9:31pm — No Comments
The price is currently around weekly support 1 pivot and monthly support 2 pivot level. 61.8 fib retrace somehow holding. Here's the trade plan ...
And here is another reason to look at some buy opportunities based on a daily chart (doji on daly and touch of fib extension):…Continue
After forming a corrective pullback last week comprised of an outside bar, a double pin bar and an inside bar, the Euro resumed its natural selling posture and rightfully so considering what is happening in the EZ. The financial cancer in Spain has been metastasizing and is entering what I feel is its terminal phase with every region starting to request bailout funding. The truth is there will not be enough for all of them so something has to…
Added by 2ndSkiesForex on July 23, 2012 at 3:54am — No Comments
GBP/USD moved upwards during the week, but gave up almost all of those gains, closing at 1.5615. The upcoming week is a quiet one, with just four releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
After showing some strength during the week, the pound was hobbled by some disappointing data at the end of the week,…Continue
EUR is now inside a wide negative Ichimoku cloud on H4, there we can see also a small upside channel is forming which also offers support @ 1.2245. We are very close to be rejected from the Ichimoku again. All this week we are testing continuously that small upside channel support, for now it holds - but how long is the question. On H4 we can see EUR is in a flat consolidation. 1.2330 on the upside seems unbreakable, but if we have any stronger upside impulse it will be broken at once and…Continue
By the beginning of the year, the euro crisis gathered all of the market attention, with Greece ready to leave the euro zone, Italy and Spain joining the club of the intolerable high yields and bailout needs, and European authorities lost without an answer. Crossing the ocean, US monthly employment readings surprise strongly up 3 months in a row, and market started screaming growth! The EUR/USD, fell as low as 1.2161 this July. However, while the EU crisis continues, at least the EU…Continue
Added by Valeria B Bednarik on July 19, 2012 at 9:42pm — No Comments
It was about time.... I just can applause the initiative that Attain Capital Management - a Forex and Futures firm approved by the NFA with the ID number 0322102 - has just launched at the…Continue
Added by Francesc Riverola on July 18, 2012 at 9:25pm — No Comments
These two topics are closely related but we will initially deal with them separately due to the subtle different ways they manifest themselves so need to be approached
This is one of the most important subjects regarding trading psychology. Once you get to really understand and accept this fact, you will start trading with ease and psychological factors will no longer obstruct your…