Forex Signals

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 [...]

EUR/USD – Weekly Analysis 22/5/11
Last week the EUR/USD bulls pushed price higher until a decisive 214 pip drop came on Friday and eclipsed most of the week’s gains.
Fridays drop has formed a BEB (bearish engulfing bar) which would typically have my attention, with a view to trading short, but the proximity with the highlighted swing [...]

Quote of the day: “Marriage is like a bank account.  You put it in, you take it out, you lose interest.” – Irwin Corey
EURUSD – 1.4835 @07:15 GMT
Good morning. Intraday resistance at 1.4850 is being tested at time of writing and there are no clues to point downwards yet. I don’t know if today’s Royal [...]

Price action on EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge extends and even accelerates the steep [...]

Price action on USD/JPY (a daily chart of which is shown) as of Thursday (2/10/2011) has tentatively broken out above a triangle consolidation pattern that has been in place since the 80.20 long-term low extreme hit in early November 2010. This break to the upside has hit and tentatively surpassed key resistance around 83.00. For [...]

Fil-Estate Land (LND) hit the stock market headlines once again yesterday when it surged by 9.63% from opening of PHP 2.23 to a closing of PHP 2.39. Now, a lot of you might be asking if there is still some more upside on this issue. remember that back in December 23, 2010, LND [...]

Quote of the day: “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr

EURUSD – 1.3503 @06:35
Trading strategy: long at 1.3530, stop at 1.3480 (0.5% risk), 1st objective at 1.3580, 2nd objective at at 1.3650
Good morning. The euro holds fairly well and continues the consolidation into the 1.34-1.35 range. Support into the [...]

Price action on EUR/USD (a daily chart of which is shown) as of Friday (1/21/2011) has made a significant upside push that has tentatively broken out above key resistance in the 1.3500 price region, establishing nearly a two-month high for the pair and capping off two weeks of bullish trending price action. For more technical [...]

Price action on AUD/USD (a daily chart of which is shown) as of Friday (1/14/2011) has once again resumed its bearish positioning after having broken down below a key parallel uptrend channel extending back to the June lows, and then retracing back up slightly above parity. For more technical analysis on this currency pair, please [...]

Quote of the day: “Debts are nowadays like children begot with pleasure, but brought forth in pain” – Moliere

EURUSD
Trading strategy: looking to sell a small size on rally to 1.3090, stop at 1.3140 (0.5% risk), 1st objective at 1.3040, 2nd objective at 1.2960
Good morning. The Euro rose to $1.3015 session high ahead of Portugal’s [...]