Yesterday was the most interesting class at the range in the last year and a half.  Not because it was the last class before I move to another country, but because of the exercise we practiced for an hour and a half. It required an absolute sense of awareness with one's technique, feeling and positioning, but it required something else.  It required one to go against temptation.



 

The Exercise

After…

One subject I never read a lot about on blogs is about charts and how they can play such an important part in how we perceive and follow the market. From what I gather most retail traders use the charts supplied by their broker and simply rely on them and as long as they offer all the main well known indicators that’s all that’s needed? Well is it ??

I am sure most traders have heard of MT4 platforms and Ninja charts and anyone who as been trading over the last five…

Currently the cross is @0.8621 after hitting our target yesterday.  The cross has built a bear flag and we should see an assault on the .786 Fib extension @ 0.8585  and then the 0.8551.  Further target is at the S6 @ 0.8459.…

The recent price action on EURUSD might be choppy and less predictable as usual, but on higher timeframes this pair remains quite "readable". …

Greetings.



Let's pull up the USD/JPY.



Look for the pair to potentially test the 75.00 area and then potentially bounce back up to test the 78.00 area and above.



Don't forget to check out top FX Street analysts technical forecasts on FX Street. Click here for the forex technical forecasts.



Good luck with trading.…

The euro after rallying in the Asian trading session and hitting a high of 1.3950, fell back into its trading range from the last two weeks, falling to intra-day short term …

Still it's not clear the percentage of the Greece's deficit to be removed from the assets of the EU banks (most of them French), banks have demanded not much as 40%, but the EU leaders wanted over 50%. At the same time Frence is facing a raiting decrease threat. Another 8 bln EUR for Greece,and Greek government may breathe again, when they finish the money again, stupid EU leaders will give more, who cares. I wonder for how much time Merkel and Sarkozy are going to continue that…

Lack of resolution out of Europe this weekend has created a 50 pip gap on the EUR/USD open today.  What the video on how to trade it, or do so live at http://wwwfxbootcamp.com

The British pound had an exciting week, with a final break higher. Many speeches and a few indicators are awaiting us in another busy week. Here is an outlook for the British events, and an updated technical analysis for GBP/USD.…

AUD:

Euro/dollar lost a lot of ground as serious doubts about European seriousness came to light. Apart from the all-important EU Summit during the weekend and the apparent follow up on Wednesday, we have quite a few important indicators, with PMI numbers in the limelight.Here is an outlook for the market moving events, and an updated technical analysis for EUR/USD.

The potential…

Next Monday early European opening breakouts based on the previous week data.

To view, click on the table below.

Flat consolidation still continues, and an inverted H&S model can be seen but form my experience i can say that this model won't come a reality. Negative Ichimoku will soon press the prices down to 1.3400. And now double joy for mr.Sarkozy - first his newborn daughter, and second - the Gadaffi's death - so now he has a child and enough cheap oil for his country and his beautiful wife too - what else he need's - maybe the french frank to be the first currency in the world,…

Greetings.



Let's pull up the EUR/JPY hourly chart.



The trend has been down for a while and it looks like the bearish trend has more potential downwards push to it in the longer term.



Look for more bearish movement as we head into the European and New York sessions, as we also have Trichet speaking near the open of the European markets. Look for a potential price area of 105.50 - 105.00.



After we see the downward action complete, look for a move up to…