Archive for the ‘Technical Analysis’ Category
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s [...]
The outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things [...]
The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 [...]
Born in Dublin, Ireland, in 1856, George Bernard Shaw grew to become one of Great Britain’s greatest and most controversial playwrights. Shaw’s father, a corn merchant, was an alcoholic and therefore there was very little money to spend on George’s education. George went to local schools but never went to university and was largely self-taught. He was [...]
Believe those who are seeking the truth. Doubt those who find it. ~ Andre Gide Good morning. Dollar’s decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. Important events in today’s FX Calendar are: [...]
The safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around [...]
We don’t see things as they are, we see things as we are. ~ Anais Nin Good morning. Dollar’s decline continues as euro just popped through $1.300 yesterday, recovering from early bids around $1.2900. USD Index As seen in the daily chart below, key support level formed by the horizontal line which was a temporary top [...]
It’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: USD Index EURUSD 4hrs chart still looks bullish as current decline could be [...]
The man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today’s interesting charts USD Index Support around 79.50 is in focus as dollar’s decline continues. That is probably a [...]
The greatest pleasure in life is doing what people say you cannot do. ~ Walter Bagehot Good morning. Dollar keeps losing altitude as the correction continues, while risk-sensitive pairs follow stocks higher. Important releases today are the CPI and Initial Jobless Claims (See FX Calendar) USD Index Now that 81 has been breached, next downside barrier [...]
