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EUR/USD 200 Pips Decline, Profit from Breakout Signal

EUR/USD 200 Pips Decline, Profit from Breakout Signal

Posted by on December 14, 2011 · 0 Comment

EUR/USD tested the resistance level of yesterday’s pivot point at 1.3242 before falling down to the S2 pivot point for a 200 pips’ decline, hitting the low at 1.3009. The breakout pattern at the 15-minute forex chart was the signal that triggered my trading order and I was short EUR/USD in the middle of the day at 1.3158. Twenty minutes later I was scaling out 80% of my position buying 80,000 [...]
Filed in: Forex Signals
Forex technical analysis at EUR/USD Chart Predicts Downtrend

Forex technical analysis at EUR/USD Chart Predicts Downtrend

Posted by on December 5, 2011 · 0 Comment

Technical analysis in currency trading shows signals for downtrend at the EUR/USD chart. Interactive Brokers forex trading platform can draw daily bars at the EUR/USD chart back to 2 years and that is sufficient to point out the upwards trend line that was broken in September. Since the EUR/USD uptrend ended in summer 2011 and sellers took control of euro, trading currency with forex trading tools [...]
Filed in: Forex Charts
German bond flop rattles the markets

German bond flop rattles the markets

Posted by on November 23, 2011 · 0 Comment

A mixed reaction hit the markets on Wednesday as news that the underlying negative sentiment for almost everything European finally began to creep upon the largest economy in the region. Germany, who had seen a dismal uptake of under two thirds of its ten-year bonds earlier on Wednesday, was the latest victim of the negative investment contagion being spread over Europe. The bonds, normally in demand [...]
Filed in: Forex News
What makes the GBP/USD move?

What makes the GBP/USD move?

Posted by on November 22, 2011 · 1 Comment

The GBP/USD can be a particularly volatile and unpredictable currency pair. For this reason, the many trading opportunities that such a mobile currency can gift to traders makes it an incredibly popular pair. In terms of its relationship to other major currency pairs it tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD. This means that any significant [...]
Filed in: Forex Fundamentals
The non-political and the Euro

The non-political and the Euro

Posted by on November 17, 2011 · 0 Comment

The Euro had a confusing day today as the positive news that technocrat Mario Monti would lead the new Italian government was tempered by the surprise announcement that he too would be the new finance minister. Markets are generally fearful of anything which may be considered autocratic as it has previously been associated with market distortion and the stifling of free market economics. The news of [...]
Filed in: Forex News
Devalued Euro is not all bad news

Devalued Euro is not all bad news

Posted by on November 16, 2011 · 0 Comment

The Eurozone grew by only 0.2% in the third quarter, reaffirming the view that the region is potentially slipping towards recession. The omnipresent threat of debt is hanging like a grey cloud over many of the regions nations, exacerbated by low productivity and declining output. This news, however, is not all totally negative; the growth of France and Germany remains steady with only the troubled [...]
Filed in: Forex News
What moves the USD/CHF?

What moves the USD/CHF?

Posted by on November 11, 2011 · 0 Comment

Stock markets rallied today and inevitably pushed the USD down from its demand-driven rally as the safe-haven for traders. Although this may be short-lived, it is interesting to look away from the EUR/USD to its alternative dollar-pairing. The USD-CHF is the fifth most traded currency pair in the world and it sits in the interesting position of consisting of two of the three global reserve currencies, [...]
Filed in: Forex Fundamentals
Euro sinks despite Berlusconi departure

Euro sinks despite Berlusconi departure

Posted by on November 10, 2011 · 0 Comment

Even after today’s announcement of Silvio Berlusconi’s resignation, Euro markets moved considerable lower. This indicates that the market is still highly cautious of Europe’s precarious position and risk aversion still exists on a large scale. The higher yielding currencies made a considerable move lower and those positively correlated to the EUR/USD such as the AUD/USD took the majority of [...]
Filed in: Forex Charts
Wedges

Wedges

Posted by on November 9, 2011 · 0 Comment

Despite the news that Berlusconi may survive after today’s vote of support the Euro held reasonably steady. The vote, which he won albeit by losing a large margin of power, was less of a referendum on the single currency but more of refection of the emotional state of a nation staring over the cliff. The fact that the Euro has remained essentially range-bound over the past few days is the anticipation [...]
Filed in: Forex Signals
Decline and fall

Decline and fall

Posted by on November 1, 2011 · 0 Comment

One of the principle reasons why many traders refuse to get involved with the Japanese yen is because of situations such as today’s, where intervention by the Ministry of Finance manipulated the value and sent it spiralling in early Monday trading. The continuous habit of attempting to control the value of the Yen is seen as both a frustrating feature of the not-so-floating exchange rate and a good [...]
Filed in: Forex News
EUR/USD Reversal at Crucial 1.4250 Level

EUR/USD Reversal at Crucial 1.4250 Level

Posted by on October 31, 2011 · 0 Comment

EUR/USD is trading below 1.4250 today. Euro has met resistance during the recent uptrend at 1.4250, a major support and resistance level which has been a reference level for the most popular currency pair in the last 5 years. About 8 times EUR/USD has either found support or resistance at that specific level over that period, making it a very significant level to watch out for during forex trading. [...]
Filed in: Forex Charts
Will Risk-On Trend Spell Trouble For US Dollar?

Will Risk-On Trend Spell Trouble For US Dollar?

Posted by on October 29, 2011 · 0 Comment

The last minute deal in the Euro zone to contain the debt crisis led to a trouncing of the US dollar, and may have sealed the fate of the greenback.  The agreement made in Europe on Thursday involves a 50% write-down of  Greek debt and will boost the European bailout fund to as much as €1 trillion. This deal has served to avert a collapse in the Euro zone, and sparked a rush to riskier assets and [...]
Filed in: Forex News
US Posts Better Q3 Data

US Posts Better Q3 Data

Posted by on October 28, 2011 · 0 Comment

Figures released by the US Commerce Department show that the US economy grew at an annualised rate of 2.5% – nearly twice the figure for Q2 of 1.3%. The figures imply that demand and growth have picked up in the second half of the year within the US economy. A closer look at the figures shows that the better performance was buoyed by better consumer and business spending; I was also helped by [...]
Filed in: Forex Fundamentals
Markets Rally On News Of EU Deal

Markets Rally On News Of EU Deal

Posted by on October 27, 2011 · 0 Comment

Well, it has been a long time coming and, it could be argued, should have happened months ago, but a deal has been done which should put a bottom under the sovereign debt crisis in Europe – for a while at least. European Union leaders have agreed a deal where the EU bailout fund will be extended to €1 trillion. This should be enough to restore confidence to the markets that a “domino style” [...]
Filed in: Forex Fundamentals
US Consumer Confidence Takes Fresh Nose-dive

US Consumer Confidence Takes Fresh Nose-dive

Posted by on October 27, 2011 · 0 Comment

The value of the US Dollar against its major trading partner currencies is always in the news. Hawks in the US claim that the Chinese Yuan is artificially low against it which gives Chinese imports an unfair advantage in the US market. The Yen is near an all-time high against the Greenback despite the fact that Japan is in recession; reeling from a major natural disaster; struggling with deflation [...]
Filed in: Forex News
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