Posts Tagged ‘Potential’
The EURUSD has fallen away from it’s potential bullish flag break at 1.4500 and is currently sitting at a junction where it could likely reverse or break.
A potential reverse could see the EURUSD reach previous support (now new resistance) at 1.4000, or break from the bullish flag and reach the base of the flag, being [...]
Quote of the day:“Train yourself to let go of the things you fear to lose.” ~ George Lucas Good morning. Yesterday I wrote an article on Breakout trading, so in case you missed it – you may want to check it out. There are some more things I’d like to add so I’ll continue the [...]
The EUR/USD has been forming a nice bullish flag over the past couple of months (since its highs back in May 2011 around 1.4900). While it didn’t quite “pop” through resistance at 1.5000 (a nice round number and an old peaking friend back in December 2009), it may indeed revisit in the medium term according [...]
Source: ForexYard
The rapid pace of growth seen in the Turkish economy lately has both generated remarks of applause and concern. On the one hand, the economy of Turkey, as reported by the agency TurkStat, has risen 11% year-on-year for the first quarter of 2011, outpacing the expectation for a 9.6% rise, and a prior 9.2% [...]
Quote of the day: “The determination to win is the better part of winning.” – Daisaku Ikeda
EURUSD – 1.3635 @07:45 GMT
Trading strategy: looking to sell at 1.3740, stop at 1.3790 (0.5% risk), 1st objective at 1.3690, 2nd objective at 1.3600
Good morning. Intra-day resistance zone near 1.3650 is on the radar screen as the euro recovered [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (1/17/2011) has consolidated into a flag-like retracement consolidation that ultimately should be bullish on an upside breakout of the pattern. After price action hit a high around 83.70 in the first week of 2011, the pair has consolidated and retraced within [...]
Bank of Italy head Mario Draghi says that to preserve financial stability, Italy must grow faster.
It is tough to repay debt without growth, Draghi warns.
Bond prices before the crisis did not reflect reality (too high) and they do not reflect reality now (too low) he says. ECB actions are designed to ensure there is no [...]
Price action on USD/CHF (a daily chart of which is shown) as of Tuesday (11/16/2010) has formed the beginnings of a parallel uptrend channel after having recently broken out above a steep, long-term downtrend extending back to the June high, and then dropping down to an all-time low around 0.9463 in mid-October. While the previous [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/09/2010) has consolidated near the multi-decade highs just below key 1.0200 resistance, and appears poised for a potential breakout to the upside. In this event, the key level to watch is 1.0200, a breakout above which price action will have confirmed [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/19/2010) has broken down below multiple static and dynamic support levels, and has gone on to breakdown below key support in the 1.3800 price region. This places the currency pair at a critical juncture, as price action below this level could [...]
