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- candlesticks replied May 15, 2009
EUR-USD seems to have made a H/S pattern. It it holds we could be going down. See Chart.
EURUSD
- candlesticks replied May 14, 2009
NEW NFA RULES....... my view: The new NFA rules that prohibit HEDGING go into effect starting next week. Some time back I had expressed my opinion on the impact auto-trading (see below). With the new NFA rules I have to say that one reason why they ...
Computers to replace Traders
- candlesticks replied May 14, 2009
EUR-USD retraced nicely. See 4 H Chart. Now the key is if we can stay above the up trendline. See 30 min Chart. We have US PPI and US unemployment claims coming out at 8:30 ET. That should move the market.
EURUSD
- candlesticks replied May 14, 2009
EUR-USD 4 H Chart closed bullish. Also almost hits 50% ret. IMO we should see some retracement before moving higher.
EURUSD
- candlesticks replied May 14, 2009
EUR-USD 4H chart shows that we may bounce here to make a h/s pattern. CCI is turning up at -100 level. Stochastics is getting ready to cross from oversold condition. We are at the lower Bollinger Band which is acting as a support. Also the last ...
EURUSD
- candlesticks replied May 13, 2009
EUR-USD seems to have made a divergence. see HOURLY CHART. We could have formed a top here and can see a decline in prices. Note that Stochastics is less than 20 and we can see a bounce before a brake to the downside.
EURUSD
- candlesticks replied May 4, 2009
EUR-USD fell after we got a 'shooting star' candle on 4HOUR Chart. With a "Evening Star" candlestick formation we are still bearish. On the HOURLY Chart we broke below the Up-trendline paving way for further decline.
EURUSD
- candlesticks replied May 3, 2009
EUR-USD DAILY update for 5-3-09 EUR-USD presents an interesting scenerio today. On the WEEKLY chart we have made a nice looking bullish flag. Positioning EUR-USD for another push to the upside. To do so we will have to break above last week's high ...
EURUSD
- candlesticks replied Apr 30, 2009
EUR-USD Monthly End Analysis: Today May begins. Looking at the Monthly chart of EUR-USD we see that we have a doji (indicision), which is also an inside candle. As long as the top of March candle (1.3738) remains intact we can see a decline in ...
EURUSD
- candlesticks replied Apr 14, 2009
EUR-USD moved well yesterday even though it was bank holiday in europe. On the daily chart we are in a triangle. A move breaking out of the triangle will set the tone for prices to move in that direction. Currently we are retracting yesterday's ...
EURUSD
- candlesticks replied Apr 13, 2009
BANK HOLIDAY: Banks from around the world are closed today (French, German, Italian, Canadian, British, Australian and New Zealand). There is going to be very little volume. Best not to trade today. Forex should pick up in Asian session on Monday. ...
EURUSD
- candlesticks replied Apr 2, 2009
EUR-USD moved higher on EUR 'minimum bid rate' and US 'unemployment claims' numbers. Looking at the DAILY chart we saw doji (indecision) candle on Wednesday gave us a nice clue to long the market. Today's move up is signifigant as it shows EUR-USD ...
EURUSD
- candlesticks replied Apr 2, 2009
DX DAILY and WEEKLY Charts... We saw DX drop today. There was EUR 'minimum bid rate' and US 'unemployment claims' out today that moved the market. On our DAILY chart it apprears that we have made a top and we can go down further. Only a move above ...
EURUSD
- candlesticks replied Apr 2, 2009
EUR-USD moved up nicely. Attached is a Daily chart showing S/R and Fibonacci levels. We could see a retracement now.
EURUSD
- candlesticks replied Apr 1, 2009
Far Fetched Scenerio: Looking at the HOURLY Chart it seems that we have made a Inverted H/S Pattern. (See Chart)
EURUSD
- candlesticks replied Apr 1, 2009
Bird's Eye View of DAILY Charts of EUR-USD, GBP-USD, AUD-USD and USD-CHF shows that USD may be falling. EUR-USD saw a Doji (indecision) candle made on Monday. On Tuesday the prices moved higher. On Wednesday we saw another doji (indicision) candle ...
EURUSD