March to April results
Monday, May 2, 2011
April was especially nice if one was long Aussie, Euro or Cable to the USD. The USD took a beating everywhere. EURGBP went almost nowhere.
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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 ... -
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... -
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... -
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...
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The dip down to .9617 was below the short-term uptrend line but RSI has not yet broken below its uptrend line. I closed my long from .9490 ...
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On the weekly chart, Euro may be making another run for the long-term downward trend line at 1.4279. This downtrend line begins at the 1.604... -
EURJPY failed to form a base in the low 108 area and dropped further to a low of 106.95 on Friday, near a somewhat obscure fibo and of cours...
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People often try to explain changes in the short-term currency rates because of fundamental factors, i.e. the dollar is dead, everyone wants...
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On the daily and three-hour chart, one can observe an obvious triangle. From the Elliott perspective, price entered the triangle from an upt... -
On the hourly chart (not shown), there is positive divergence between price and RSI. In addition, the last closed hourly candle was a hammer...
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