Archive for the ‘Technical Analysis’ Category
Small opportunities are often the beginning of great enterprises. ~ Demosthenes Good morning. Stocks recovered some of last week’s losses, hence the dollar is sold-off, facing resistance around 80 USD Index It’s still difficult for the dollar to break above resistance formed around 80 by the downward trendline, so I remain bearish while it holds below [...]
There’s only one corner of the universe you can be certain of improving, and that’s your own self. ~ Aldous Huxley Good morning. Stocks gained in the last two days, hence risk pairs are getting some relief and the dollar is weakening. USD Index Resistance around 80 stayed intact after a few tests and it seems [...]
Shallow men believe in luck. Strong men believe in cause and effect. ~ Ralph Waldo Emerson Good morning. Risk pairs continue to plunge following stock indices. The dollar index holds onto gains not far below interim resistance at 80 USD Index EURUSD Euro looks rather fragile on the daily chart, but maybe it’s worth looking for [...]
Efficiency is doing things right; effectiveness is doing the right things. ~ Peter Drucker Good morning. Dollar is up after yesterday’s FOMC meeting minutes and focus today is on the ECB rate decision (see economic calendar). Let’s see what are some of the charts worth your attention today USD Index yesterday’s strong recovery changes the short-term [...]
It’s not what happens to you that counts, but how you handle it. It’s not how far you fall, but how well you bounce. ~ Dan Zadra Good morning. Dollar remains under pressure as euro holds above $1.3300 and it seems that a test of $1.3480/00 is in the cards this week. USD Index EURUSD Support [...]
Good instincts usually tell you what to do long before your head has figured it out. ~ Michael Burke Good morning. Dollar remains under pressure while the euro managed to overcome resistance at $1.3300. USD Index No decisive break of interim support at 79 yet, but downside pressure remains high. In case of recovery, rallies would [...]
Trust yourself. You know more than you think you do. ~ Benjamin Spock Good morning. Dollar remains under pressure as euro is finding bids on pullbacks, pushing higher towards $1.3300 which is the 1st resistance level to keep an eye on. USD Index Not much changed since a week ago: rallies are being sold every time [...]
Trusting our intuition often saves us from disaster ~ Anne Wilson Schaef Good morning. Dollar continues to be sold into rallies as the euro finds intraday support at $1.3185/00 USD Index As seen below – dollar is losing ground on a short-term basis but it is still above recent corrective bottom at 79. EURUSD As noted [...]
Strong people make as many mistakes as weak people. Difference is that strong people admit their mistakes, laugh at them, learn from them. That is how they become strong. ~ Richard Needham Good morning. There’s pressure on the dollar these days, as the euro continues recovery bringing resistance around $1.33 back in focus. USD Index Next [...]
You may occasionally give out, but never give up. ~ Dan Zadra Good morning. The dollar trades lower after Friday’s decline, as the euro tested resistance near $1.3200. USD Index The dollar index looks quite bearish on intraday basis, now that support at 80 has been breached. However, there’s still a good chance that this movement [...]
