I took the 39 pips thanks very much :)
Now looking for a sell...
Notice the White Star...again :) ( am I getting boring yet?)
Divergence on CCI, hello look to sell soon (unless EUR/USD breaks 13120 ans stays above)
Wednesday, 12 December 2012
GBP/USD reversal at 16120
Just when I thought things were going well, we were + 39 pips in profit and a white Star appeared!!
I took the 39 pips thanks very much :)
Now looking for a sell...
I took the 39 pips thanks very much :)
Now looking for a sell...
Tuesday, 11 December 2012
EUR/USD moves into profits
EUR/USD bounces off the 200 EMA
Notice the red line (200 ema), this should be on your charts, once you have downloaded the software.
Notice the Yellow Star (you should have this as well). If not why not??
Notice also how the bars have gone Green, the Explosion indicator now confirm (Green) we can expect a very large move higher.
Wednesday, 7 November 2012
EUR/JPY HOLDS ON
Eur/Jpy is holding onto it's support lines at 10200..all depends on the next few days
Markets were unanimous to conceive Barack Obama's re-election as risk positive, with the US Dollar dumped across the board in a lively Asian session, while the Euro turned into the strongest currency.
The Euro now displays constructive technical projections vs a rattled US Dollar, which finds in the figure of re-elected US President Barack Obama a handicap to regain much ground, as expectations re-focus on the Fed keeping easing policies as aggressive as they been for the foreseeable future - unless noticeable improvement in the US labour market -, equating to short-term headwinds for the USD.
Overall short-term market positioning would seem to be at very neutral levels which again should suggest moderate volatility,” says Sean Lee, founder at FXWW, “although EUR shorts are again the exception,” the analyst adds, referring to increasing short interest from professional traders.
The biggest position amongst professional players at the moment is short EUR, Sean says. “EUR/USD is in a short-term downtrend but seems to have found a temporary base at 1.2765,” Mr Lee expands, adding: “Given recent range-trading history, confidence will not be high amongst the bears that a trend is about to develop and the possibility of a double-bottom on the short-term charts will also be unsettling them."
Sean finds “there is room for further retracements towards more solid resistance 1.2880/1.2920,” the analyst concludes. Meanwhile, Valeria Bednarik, Chief Analyst at FXstreet.com, also notes that "price needs to extend beyond the 1.2880 level to be able to extend its recovery today."
In a more complete analysis, immediate resistance to the upside for EUR/USD comes at recent session highs/200 day EMA at 1.2873, followed by Oct 26/29/30 lows at 1.2885, and Oct 24 lows at 1.2920. To the downside, closest support lies at previous weekly high Monday 1.2842, followed by yesterday's NY session high at 1.2826, and recent session lows at 1.2784.
One day ahead of the ECB rate call, the next London session will deliver Spanish industrial production at 08:00 GMT, EU retail sales and Autumn economic forecasts at 10:00 GMT, and Germany industrial production 1 hour later. Also German PM Merkel will address European Parliament in Brussels at 15:15 GMT, while Greek Parliament will vote on new austerity measures plan during the day. In the sovereign EZ debt auctions front Germany will try to sell up to € 4B in short term bills at 07:00 GMT, with US 10 year yields having a beat following Obama's win, and German 10y at 1.46% yield near 2-month lows.
The Euro now displays constructive technical projections vs a rattled US Dollar, which finds in the figure of re-elected US President Barack Obama a handicap to regain much ground, as expectations re-focus on the Fed keeping easing policies as aggressive as they been for the foreseeable future - unless noticeable improvement in the US labour market -, equating to short-term headwinds for the USD.
Overall short-term market positioning would seem to be at very neutral levels which again should suggest moderate volatility,” says Sean Lee, founder at FXWW, “although EUR shorts are again the exception,” the analyst adds, referring to increasing short interest from professional traders.
The biggest position amongst professional players at the moment is short EUR, Sean says. “EUR/USD is in a short-term downtrend but seems to have found a temporary base at 1.2765,” Mr Lee expands, adding: “Given recent range-trading history, confidence will not be high amongst the bears that a trend is about to develop and the possibility of a double-bottom on the short-term charts will also be unsettling them."
Sean finds “there is room for further retracements towards more solid resistance 1.2880/1.2920,” the analyst concludes. Meanwhile, Valeria Bednarik, Chief Analyst at FXstreet.com, also notes that "price needs to extend beyond the 1.2880 level to be able to extend its recovery today."
In a more complete analysis, immediate resistance to the upside for EUR/USD comes at recent session highs/200 day EMA at 1.2873, followed by Oct 26/29/30 lows at 1.2885, and Oct 24 lows at 1.2920. To the downside, closest support lies at previous weekly high Monday 1.2842, followed by yesterday's NY session high at 1.2826, and recent session lows at 1.2784.
One day ahead of the ECB rate call, the next London session will deliver Spanish industrial production at 08:00 GMT, EU retail sales and Autumn economic forecasts at 10:00 GMT, and Germany industrial production 1 hour later. Also German PM Merkel will address European Parliament in Brussels at 15:15 GMT, while Greek Parliament will vote on new austerity measures plan during the day. In the sovereign EZ debt auctions front Germany will try to sell up to € 4B in short term bills at 07:00 GMT, with US 10 year yields having a beat following Obama's win, and German 10y at 1.46% yield near 2-month lows.
Tuesday, 6 November 2012
US Presedential Elections
Eur/Usd flat ahead of the US elections tonight.
EURUSD - The pair has broken and held below its key support at the 1.2822 level. You will recall we have been watching that level for a long time. We see two things happening. One, EUR will have to hold below this support to validate its break and second, a failure to hold below here could mean further upside offensive could follow.
If the former plays out, expect further declines towards the 1.2755 level. We expect a cap to occur here and possibly turn the pair higher again. But if broken, expect further declines to develop towards the 1.2625 level. Its daily RSI is supportive of this view. On the upside, resistance resides at the 1.2822 level where a reversal of roles could occur.
However, if this fails, further upside should build up towards the 1.3000 followed by the 1.3171 level. A breach of here will resume its broader uptrend towards the 1.3282 level with a cut through here calling for a move further higher towards its weekly ema at 1.3415 level. All in all, EUR faces further downside threats.
EURUSD - The pair has broken and held below its key support at the 1.2822 level. You will recall we have been watching that level for a long time. We see two things happening. One, EUR will have to hold below this support to validate its break and second, a failure to hold below here could mean further upside offensive could follow.
If the former plays out, expect further declines towards the 1.2755 level. We expect a cap to occur here and possibly turn the pair higher again. But if broken, expect further declines to develop towards the 1.2625 level. Its daily RSI is supportive of this view. On the upside, resistance resides at the 1.2822 level where a reversal of roles could occur.
However, if this fails, further upside should build up towards the 1.3000 followed by the 1.3171 level. A breach of here will resume its broader uptrend towards the 1.3282 level with a cut through here calling for a move further higher towards its weekly ema at 1.3415 level. All in all, EUR faces further downside threats.
Friday, 18 May 2012
LATEST TRADES
CAD/JPY going well, sold at 7950, currently 7750 + 200 pips so far look to move stop to 7950
Bought USD/CHF 9450, currently + 39 pips so far
Bought USD/CHF 9450, currently + 39 pips so far
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