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Friday, June 24, 2011
I'm implementing my summer Friday's off rule effective today. I'll see you Monday.
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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... -
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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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... -
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...
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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... -
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 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 ... -
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... -
See you Monday
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