The USDJPY failure to break below 89.00(which has been a strong support level) could be an opportunity to get long the pair. The potential for a Greece bailout could spark a bout of risk appetite leading to support for the pair. I wouldn’t bet on...
My last three trades have all been stopped out, and I’m obviously not in good sync with the market. I may just have to go back to basics entirely and rely 100% on my favored Systems Trading, refraining from discretionary trades until I get a better...
This week, the United States Bureau of Labor is likely to announce the U.S. economy probably lost more than 50K jobs in February. And even though the unemployment rate is expected to stay relatively unchanged, it’s now more than apparent that a model...
Unfortunately we were railroaded on our short EURGBP position from 0.9025 this morning. However, technical studies in Sterling on the crosses should not be ignored and we have now established a fresh long position on this cross with the market at multi-year...
The USDJPY halted the six-day decline, with the exchange rate rising to a high of 89.38 during the overnight trade, and I am certainly expecting to see a short-term correction over this week as the pair maintains the broad range carried over from January....
I initially sold GBPUSD at 1.5765. Last week, prices took out support at the bottom of a falling channel established from the swing high in mid-November and met my initial objective at 1.5291. Bearish momentum has since intensified and now the pair is...
In a fortunate turn (for the speculative crowd), the new trading week has started off with a bang. The broader currency market is showing considerable volatility; and to further add to the mix, there are stand out moves from a number of specific currencies....
I am extremely bullish against 10368. The rally from there is in 5 waves, which indicates, with a high degree of confidence, that the larger trend has turned up. 10480-10520 is short term support. The minimum objective is above 10875. Trading Forex...
The commodity currencies have suffered from the same volatility that has roiled the rest of the market; but the distinct correlation that these particular fiat units have to underlying sentiment trends has created ugly chart patterns. Many of the crosses...
