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EURUSD—small dip
The Euro wobbled a bit this morning, dipping to 1.3573 but above yesterday's 1.3431 low and the pssychological 1.3500. I took advantage ...
GBPUSD—resistance
Can GBPUSD overcome its current resistance? On the weekly chart, there is a short-term downtrend line coming in from 1.6879 that had its sec...
USDCAD—stop and reverse
Finally, the pair managed to get above the 10 daily SMA yesterday. I did a stop and reverse at .9939 (-41 pips). This, by the way, gave back...
EURUSD—struggling with resistance
Euro is struggling just below 1.4145. As I noted earlier, there is some good resistance at 1.4165/75 and this is playing out. However, the p...
Currency market today
With the destructive earthquake and tsunami off Japan, the market is in a risk averse mood and prices are dropping in many pairs. In a recap...
EURUSD—three-hour channel
My short position was stopped out at 1.3514 (-14 pips). Euro is headed up again, possibly to the intersection of the upper boundary of the c...
EURUSD—new high
Euro has touched 1.4421 this morning. On the way, it broke the downtrend line on the weekly chart. This move up has triggered many stops. Th...
USDJPY—monthly chart
USDJPY fell to 83.47 over night but has since rallied a bit. On the monthly chart, the pair fell from a multi-year triangle in 2009. If one ...
EURUSD—three-hour chart
On the shorter-term 3-hour chart, one can trace five waves down and the a and b of an abc correction. If this interpretation is correct, the...
No posts today
See you Monday
Happy New Year
Thursday, December 30, 2010
This is my last post for 2010. I wish everyone a happy and healthy New Year. May your best trade from 2010 be your worst trade in 2011. See you January 3
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