Thu, 31 May 2012 20:05:27 GMT
Why is psychology the most important aspect of trading how to stay in the right frame of mind.
Thu, 31 May 2012 17:47:39 GMT
NZD/USD to Resume Downtrend at 0.7690? Published on 31/05/2012
Thu, 31 May 2012 16:56:20 GMT
There’s nothing more important to investors right now than Europe’s sovereign debt crisis. However over the next 24 hours, U.S.
Thu, 31 May 2012 08:57:10 GMT
Most of the major currencies are trading higher against the U.S. dollar this morning which suggests that investors have finally reached their pain threshold.
Thu, 31 May 2012 04:52:00 GMT
Risk FX staged a mild rebound in early European trade as equities stabilized and short covering kicked in after several relentless days of selling.
Thu, 31 May 2012 04:10:06 GMT
German Retail Sales hit a 9 month high rising by 0.6% versus 0.1% eyed helping the euro to recover from its lows in early European opening trade.
Wed, 30 May 2012 19:59:07 GMT
Several factors suggest that the GBP/AUD may face strong resistance at 1.6058.
Wed, 30 May 2012 18:11:58 GMT
The euro weakened against the U.S. dollar for the seventh consecutive trading day. Since the start of the month, the currency has lost more than 6.5 percent
Wed, 30 May 2012 17:58:29 GMT
Swing Technicals- EUR/USD Still Testing Support at 1.2467 as USD Surges Against Most Currencies Published on 30/05/2012
Wed, 30 May 2012 13:22:02 GMT
With the AUD/NZD price just below 1.2900, the original stop now entails nearly 200 pips of risk to 1.3070.
Wed, 30 May 2012 10:08:08 GMT
With U.S. 10 year Treasury yields falling to a record low and the dollar up against all of the major currencies, it is clear that the desire for safety c
Wed, 30 May 2012 07:47:15 GMT
Candlestick Daily: Bears Targeting EUR/USD 1.2400 and AUD/USD .9800 Published on 30/05/2012
Wed, 30 May 2012 06:04:41 GMT
Risk FX was under relentless assault in Asian and early European trade today as weak retail sales data from Australia, a denial of any fiscal stimulus plans fro
Wed, 30 May 2012 04:10:38 GMT
Australian Retail sales dropped for the first time in ten months sending the Aussie through the .
Tue, 29 May 2012 20:27:05 GMT
A second bearish trade idea is emerging on the USD/JPY.
Tue, 29 May 2012 17:58:06 GMT
Swing Technicals- EUR/USD Testing Critical Long Term Support at 1.2467 Published on 29/05/2012
Tue, 29 May 2012 17:58:06 GMT
Swing Technicals- EUR/USD Still Testing Support at 1.2467 as USD Surges Against Most Currencies Published on 29/05/2012
Tue, 29 May 2012 16:21:43 GMT
Despite today’s rally in U.S. equities, we know that investors remain nervous because the EUR/USD broke below 1.25 for the second time in 10 months.
Tue, 29 May 2012 14:02:53 GMT
Last week, we featured a trade idea to buy if the EUR/AUD bounced off of rising trend line support.
Tue, 29 May 2012 10:10:29 GMT
After a 3 day weekend for North American traders, we find ourselves in the same place as where we left off last week with the U.S.
Tue, 29 May 2012 07:42:02 GMT
Candlestick Daily: USD/CAD Bullish above 1.0200 Published on 29/05/2012
Tue, 29 May 2012 05:33:30 GMT
Risk currencies staged a small rally on the first full trading day of the week but the up move quickly fizzled as concerns over Spanish sovereign debt continue
Tue, 29 May 2012 03:53:11 GMT
German import price inflation printed much cooler than expected at -0.5% versus -0.2% eyed hitting a two year low as cheaper energy prices dampened gains.
Sun, 27 May 2012 12:32:46 GMT
See a technical preview into what this week's price action may bring for seven major currency pairs
Sat, 26 May 2012 15:15:28 GMT
A number of factors suggest that the GBP/CHF could rally at 1.4766.
Sat, 26 May 2012 15:07:29 GMT
Swing Technicals- EUR/USD on the Verge of Testing Long Term Support at 1.2467 Published on 26/05/2012
Fri, 25 May 2012 16:29:12 GMT
U.S. markets are closed on Monday for Memorial Day which for most Americans means the unofficial beginning of summer.
Fri, 25 May 2012 12:49:49 GMT
See how one of Ben Franklin’s most famous proverbs is often misquoted, and how that applies to the concept of Loss Aversion and trading forex…
Fri, 25 May 2012 10:08:42 GMT
While most of the major currencies are unchanged against the U.S. dollar this morning, it is worth noting that the EUR/USD broke below 1.
Fri, 25 May 2012 07:45:55 GMT
Candlestick Daily: Buying USD/CAD Pullback to Bullish Trend Line Published on 25/05/2012
Thu, 24 May 2012 18:14:59 GMT
Swing Technicals- AUD/USD to Resume Downtrend at 0.9839? Published on 24/05/2012
Thu, 24 May 2012 16:46:15 GMT
Over the past month the euro lost more than 5 percent of its value against the U.S. dollar.
Thu, 24 May 2012 13:39:46 GMT
Since bottoming in early March, the EUR/AUD has formed a clear bullish trend line which has put a floor under five separate pullbacks in the pair, including ear
Thu, 24 May 2012 08:51:18 GMT
There has been no shortage of volatility in the currency market over the past 12 hours. The EUR/USD fell to a fresh 22 month low of 1.
Thu, 24 May 2012 07:54:41 GMT
Candlestick Daily: AUD/USD Bounce Through .9800 Suggests Rally Toward .9900 Published on 24/05/2012
Wed, 23 May 2012 20:23:51 GMT
Several factors suggest that the NZD/CHF may face strong resistance at 0.7232.
Wed, 23 May 2012 18:14:48 GMT
Swing Technicals- USD/JPY Short Opportunity at 80.38 Published on 23/05/2012
Wed, 23 May 2012 17:18:40 GMT
It has been an extremely volatile day in the financial markets.
Wed, 23 May 2012 13:01:56 GMT
With the confirmation that today’s EU Summit will not discuss any new policies, buyers have abandoned the euro en masse, causing the EUR/JPY to break below stro
Wed, 23 May 2012 08:40:42 GMT
Risk FX continues to perform poorly this morning with the euro, Australian and New Zealand dollars falling to new year to date lows against the greenback.
Wed, 23 May 2012 07:48:41 GMT
Candlestick Daily: Buying Shallow USD/CAD Retracement Toward 1.0160 Published on 23/05/2012
Tue, 22 May 2012 19:37:26 GMT
Several factors suggest that the NZD/JPY may face strong resistance at 61.65.
Tue, 22 May 2012 17:59:21 GMT
Swing Technicals- EUR/USD Bullish Entry at 1.2467 in Range After Today's Drop Published on 22/05/2012
Tue, 22 May 2012 16:59:16 GMT
Investors dumped euros ahead of Wednesday’s European Union summit.
Tue, 22 May 2012 13:20:16 GMT
Over the past few weeks, it seems that the fate of the global market has hinged on every new headline out of Greece and the rest of the periphery Eurozone.
Tue, 22 May 2012 08:20:00 GMT
With 24 hours to go before the EU Summit and headline risk to pressure currencies, the U.S. dollar is performing extremely well this morning.
Tue, 22 May 2012 07:41:24 GMT
Candlestick Daily: Deeper USD/CAD Pullback may Yield Potential Buy Trade Published on 22/05/2012
Mon, 21 May 2012 20:57:21 GMT
Don't let your opinions get in the way of your analysis.
Mon, 21 May 2012 18:05:42 GMT
Swing Technicals- NZD/USD Testing Bearish Trend Line Published on 21/05/2012
Mon, 21 May 2012 16:53:20 GMT
For the second time this month, the euro ended the North American trading session higher against the U.S. dollar.
Mon, 21 May 2012 13:28:14 GMT
Though an oversold bounce on the NZD/USD is possible, the U.S. Dollar is seen as a “safe haven” currency whose value depends heavily on investor risk sentiment.
Mon, 21 May 2012 08:32:36 GMT
After last week's blood bath in the currency and equity markets, the lack of high profile meetings or major event risk on the calendar this w
Mon, 21 May 2012 08:03:30 GMT
Candlestick Daily: Quick USD/JPY Short to 79.00 Support Published on 21/05/2012
Sun, 20 May 2012 16:01:51 GMT
A technical preview into what this week's price action may bring for 7 major currency pairs
Fri, 18 May 2012 19:34:44 GMT
A bearish pattern may allow us to go short near a key AUD/CAD bearish trend line.
Fri, 18 May 2012 16:48:41 GMT
It has been an extremely tough week for the EUR/USD. On Monday, one euro was worth 1.29 U.S.
Fri, 18 May 2012 15:32:55 GMT
Swing Technicals- USD/CHF Facing Critical Test of Bullish Trend Line Published on 18/05/2012
Fri, 18 May 2012 12:31:37 GMT
See what an extreme streak of roulette rolls 99 years ago can teach us about trading
Fri, 18 May 2012 09:28:08 GMT
The excitement of Facebook's IPO this morning overshadowed the market's ongoing concerns about Europe. The euro recovered all of its losses against the U.S.
Fri, 18 May 2012 08:45:27 GMT
Candlestick Daily: USD/JPY at 3-Month Lows, Next Support at .7900 Published on 18/05/2012
Thu, 17 May 2012 20:09:59 GMT
Our CAD/JPY bullish trade idea has entered, and we must update our profit target.
Thu, 17 May 2012 17:58:47 GMT
Swing Technicals- USD/JPY Plunges After Testing Bearish Trend Line Published on 17/05/2012
Thu, 17 May 2012 13:46:09 GMT
The CAD/JPY has fallen sharply over the past few weeks since peaking near 83.00 in late April.
Thu, 17 May 2012 07:38:51 GMT
Candlestick Daily: EUR/USD Hanging Near Stop, 1.2650 Next Support if Broken Published on 17/05/2012
Thu, 17 May 2012 06:21:55 GMT
A very quiet night of trade in the currency market due to Ascension day holiday in Continental Europe with EUR/USD consolidating its recent losses while cable s
Wed, 16 May 2012 21:00:30 GMT
Creating a trading plan is one thing; following it is another.
Wed, 16 May 2012 17:53:40 GMT
Swing Technicals- EUR/USD Closing in on Long Term Support at 1.2467 Published on 16/05/2012
Wed, 16 May 2012 13:21:40 GMT
Despite relatively a dovish inflation report out of the U.K.
Wed, 16 May 2012 08:27:15 GMT
Candlestick Daily: Aggressive EUR/USD Buy, Looking for Short Squeeze Toward 1.2800 Published on 16/05/2012
Wed, 16 May 2012 06:01:56 GMT
The selloff in risk FX continued in overnight European trade with EUR/USD plumbing fresh lows below the 1.2700 figure while cable dropped through the 1.
Wed, 16 May 2012 04:59:21 GMT
UK unemployment surprised to the upside with claimant count dropping by -13,700 versus forecasts of 4,900 gain. The unemployment rate dropped to 8.2% from 8.
Tue, 15 May 2012 20:27:05 GMT
A number of factors suggest that the CAD/JPY could rally at 78.48.
Tue, 15 May 2012 18:44:08 GMT
Swing Technicals- USD/CAD to Resume Downtrend at 1.0090? Published on 15/05/2012
Tue, 15 May 2012 13:23:47 GMT
With the AUD/JPY still struggling to break below the Monthly S2 pivot at 79.78, some traders may want to consider closing the trade at current market rates.
Tue, 15 May 2012 08:37:47 GMT
Candlestick Daily: USD/CAD Short Remains Open, Kiwi at 2012 Lows Published on 15/05/2012
Tue, 15 May 2012 06:41:28 GMT
Risk FX was mildly firmer in overnight European trade today boosted by better than expected GDP data from Germany although investor sentiment in the region dete
Tue, 15 May 2012 02:25:31 GMT
German Q1 GDP surprised to the upside printing at 0.5% versus 0.1% eyed as it helped ot lift EUR/USD above the 1.2850 level in early morning European trade.
Mon, 14 May 2012 21:15:40 GMT
We will go over the basic steps and requirements for creating a complete trading plan.
Mon, 14 May 2012 18:13:49 GMT
Swing Technicals- USD Hammering Most Major Currencies Published on 14/05/2012
Mon, 14 May 2012 13:10:00 GMT
Despite the recent buying pressure, the EUR/AUD has failed to hold above the 1.
Mon, 14 May 2012 08:47:43 GMT
Candlestick Daily: AUD/USD below Parity, Looking to Short on Bounces Published on 14/05/2012
Mon, 14 May 2012 05:09:16 GMT
Risk FX currencies opened lower and continued to tumble at the start of week’s trade today as concerns over the prospect of Greek exit from the Eurozone mounted
Mon, 14 May 2012 03:23:57 GMT
Risk currencies opened lower in Asian session trade as concerns over possible exit of Greece intensified over the weekend.
Sun, 13 May 2012 10:42:51 GMT
A weekly preview into what this week's price action might bring for 7 major currency pairs
Fri, 11 May 2012 12:10:32 GMT
With strong selling pressure clashing against a key area of buying support at 79.
Fri, 11 May 2012 08:52:53 GMT
Over the past 12 hours, we have seen very little consistency in the performance of the U.S.
Fri, 11 May 2012 08:45:06 GMT
Candlestick Daily: USD/CAD Short Trade Dropping from 1.0050 Resistance Published on 11/05/2012
Fri, 11 May 2012 05:33:24 GMT
After plumbing fresh lows in Asian session trade risk FX bounced in midmorning European dealing on speculation that Greece may cobble together a working coaliti
Fri, 11 May 2012 03:48:50 GMT
Weak Chinese economic data and a massive unexpected loss from JP Morgan kept risk FX under pressure in Asian and early European trade with EUR/USD coming within
Thu, 10 May 2012 16:35:56 GMT
After obsessing about Greece for most of the week, there is finally some fresh and important data to draw our attention away from the country’s political drama.
Thu, 10 May 2012 13:18:51 GMT
Looking to the charts, we can see that last week’s gap lower took the EUR/GBP to new 3.5-year lows below .8070.
Thu, 10 May 2012 09:30:31 GMT
After eight straight days of weakness, the EUR/USD is finally getting some relief.
Thu, 10 May 2012 09:11:56 GMT
Candlestick Daily: Selling USD/CAD Bounce Toward Parity (1.00) Published on 10/05/2012
Thu, 10 May 2012 05:33:41 GMT
A quiet night of consolidation in the currency market today with EUR/USD steady at 1.
Thu, 10 May 2012 04:19:43 GMT
Australian employment hit its lowest level in a year sending Aussie above the 1.0100 level in Asian session trade.
Wed, 09 May 2012 19:58:20 GMT
We must slightly update this trade's profit target.
Wed, 09 May 2012 17:54:49 GMT
Swing Technicals- EUR/USD Breaks Below Key Support at 1.3000 Published on 09/05/2012
Wed, 09 May 2012 17:17:01 GMT
After four failed attempts over the past 3 months to close below 1.30, the EUR/USD finally did it.
Wed, 09 May 2012 13:48:31 GMT
After 7 days of anemic trading, the USD/JPY finally broke out of a near-term range earlier today.
Wed, 09 May 2012 09:10:24 GMT
Its been 8 days since the euro has rallied against the U.S. dollar.
Wed, 09 May 2012 08:37:31 GMT
Candlestick Daily: GBP/USD Bearish Below 1.61 for Run to 1.60 Published on 09/05/2012
Wed, 09 May 2012 06:01:19 GMT
Risk FX remained under pressure in morning European trade today as yields on Spanish debt rose above the 6% and Greece saw no progress on creating a workable ma
Wed, 09 May 2012 03:09:39 GMT
German exports and imports rose in March to their highest levels on record, widening the country's current account surplus as the Trade Balance printed slightly
Tue, 08 May 2012 20:53:21 GMT
It is essential to adjust position sizes so that every trade risks roughly the same amount of equity.
Tue, 08 May 2012 18:23:42 GMT
Swing Technicals- NZD/USD Still Hovering Near Strong Support at 0.7909 Published on 08/05/2012
Tue, 08 May 2012 17:07:55 GMT
For the past 7 trading days, the euro either held steady or weakened against the U.S. dollar.
Tue, 08 May 2012 13:19:18 GMT
As we look to the daily chart of the GBP/NZD, we can put the recent rally in context.
Tue, 08 May 2012 09:24:33 GMT
There may be no U.S.
Tue, 08 May 2012 07:32:53 GMT
Candlestick Daily: AUD/USD Sell Reaches Target, NZD/USD at 4-Month Lows Published on 08/05/2012
Tue, 08 May 2012 05:25:42 GMT
Risk FX was under pressure in listless event free European trade as uncertainties surrounding both Greek and French election results weighed on investor sentime
Tue, 08 May 2012 02:37:23 GMT
Australian Trade deficit widened to its biggest level in more than 2 ½ years as a rise in imports overshadowed gains in exports primarily from the mining indust
Mon, 07 May 2012 20:07:21 GMT
Several factors suggest that the EUR/CAD may face strong resistance at 1.3116.
Mon, 07 May 2012 17:55:55 GMT
Swing Technicals- NZD/USD Currently Testing Strong Support at 0.7909 Published on 07/05/2012
Mon, 07 May 2012 16:31:12 GMT
The big focus today was on the euro and this weekend’s political developments which brought us more questions than answers.
Mon, 07 May 2012 13:34:12 GMT
The Euro gapped lower against all major currency pairs this weekend as elections in France and Greece showed political discontent with the recent austerity meas
Mon, 07 May 2012 09:24:03 GMT
With no U.S. economic data on the calendar and U.K. markets closed for a holiday, it was suppose to be a quiet trading day. Unfortunately over the weekend,
Mon, 07 May 2012 08:17:23 GMT
Candlestick Daily: Imminent Sell Trade in AUD/USD Published on 07/05/2012
Mon, 07 May 2012 05:21:41 GMT
Risk aversion fears swept the currency market at the start of week’s trade in the wake of French and Greek elections that signaled voters in EU are beginning to
Mon, 07 May 2012 03:41:17 GMT
Australian Retail Sales suprised to the upside rising at their best rate in nearly a year in March helping to stabilize the AUD/USD as expectation of another r
Sun, 06 May 2012 14:45:30 GMT
A technical preview into what this week's price action may bring for 7 major currency pairs...
Fri, 04 May 2012 17:44:16 GMT
A number of factors suggest that the GBP/JPY could rally at 128.07.
Fri, 04 May 2012 16:57:22 GMT
Swing Technicals- NZD/USD Nearly Reaches Long Entry at 0.7909 Published on 04/05/2012
Fri, 04 May 2012 16:40:16 GMT
Currencies and equities traded sharply lower today on the back of weaker non-farm payrolls. The U.S.
Fri, 04 May 2012 12:45:22 GMT
Two traditionally closely correlated commodity dollars, the Australian and Canadian Dollars, have been diverging lately.
Fri, 04 May 2012 09:03:10 GMT
According to the latest labor market report, job growth in the U.S. economy slowed materially last month.
Fri, 04 May 2012 08:17:09 GMT
Candlestick Daily: Calm Before the NFP Storm Published on 04/05/2012
Fri, 04 May 2012 05:30:07 GMT
Currencies were in their typical pre-NFP stall in quiet European trade with liquidity further hampered by the fact that today was the end of Golden Week holiday
Fri, 04 May 2012 04:31:31 GMT
Final EZ PMI services printed even worse than the original flash estimate at 46.9 versus 47.
Thu, 03 May 2012 20:19:28 GMT
A number of factors suggest that the EUR/AUD could rally at 1.2682.
Thu, 03 May 2012 18:10:49 GMT
Swing Technicals- NZD/USD to Resume Long Term Uptrend at 0.7909? Published on 03/05/2012
Thu, 03 May 2012 16:39:12 GMT
The U.S. dollar traded higher against most of the major currencies ahead of the monthly non-farm payrolls report.
Thu, 03 May 2012 13:25:13 GMT
We’ve had the opportunity to place trades on both the GBP/USD and GBP/JPY earlier this week; however, with these trades both consolidating near the entry, it wo
Thu, 03 May 2012 10:08:52 GMT
The European Central Bank’s monetary policy announcement was the main focus this morning and rightly so since the surprise lack of dovishness from Draghi sent t
Thu, 03 May 2012 09:52:02 GMT
Mario Draghi surprised the currency market by assuming a decidedly hawkish posture at the monthly ECB press conference dismissing any speculation of an imminent
Thu, 03 May 2012 08:42:26 GMT
Candlestick Daily: GBP/USD Short in Progress, Heavy Event Risk Upcoming Published on 03/05/2012
Thu, 03 May 2012 05:34:57 GMT
With Tokyo markets closed in continuation of Golden week, currencies were relatively quiet ahead in Asian and early European morning trade with EUR/USD slightly
Wed, 02 May 2012 20:02:33 GMT
Several factors suggest that the GBP/JPY may face strong resistance at 131.17.
Wed, 02 May 2012 17:54:16 GMT
Swing Technicals- USD/CHF to Face Strong Support at 0.8933? Published on 02/05/2012
Wed, 02 May 2012 16:37:03 GMT
Over the past month, many central banks around the world have taken fresh steps to ease monetary policy.
Wed, 02 May 2012 13:20:43 GMT
Over the past month, the EUR/GBP has repeatedly bounced to bearish trend line resistance before putting in a daily Bearish Pin Candle* and continuing down to ne
Wed, 02 May 2012 09:11:44 GMT
Currencies and equities are trading lower this morning following weaker data from the U.S. and Europe. The next
Wed, 02 May 2012 07:38:58 GMT
Candlestick Daily: GBP/USD Breaking Support, Potential Sell to Monthly Pivot Published on 02/05/2012
Wed, 02 May 2012 05:56:08 GMT
Euro was battered in early European dealing today as EZ unemployment hit its highest levels since the union was formed. The pair tumbled through the 1.
Wed, 02 May 2012 04:26:33 GMT
The euro tumbled to fresh session lows as economic data from the region continued to disappoint investors with PMI dropping further into the 40’s while German u
Tue, 01 May 2012 20:05:38 GMT
Several factors suggest that the EUR/JPY may face strong resistance at 108.82.
Tue, 01 May 2012 17:52:32 GMT
Swing Technicals- NZD/USD Short Opportunity at 0.8268 Published on 01/05/2012
Tue, 01 May 2012 16:58:20 GMT
It is not often that we see a simultaneous rally in the U.S. dollar and U.S. stocks.
Tue, 01 May 2012 13:48:16 GMT
The GBP/JPY has bounced from multi-week lows and is currently forming a Bullish Pin Candle*, or Hammer, formation on the daily chart; this candlestick pattern i
Tue, 01 May 2012 10:17:50 GMT
Surprising strong U.S. manufacturing data drove the dollar sharply higher against all of the major currencies.
Tue, 01 May 2012 07:46:34 GMT
Candlestick Daily: EUR/USD Buy on Pullback toward 1.3200 Offers Strong R/R Ratio Published on 01/05/2012
Tue, 01 May 2012 05:43:28 GMT
Risk FX was mixed in early European trade with many of the markets on the Continent closed for May day holiday with biggest news of the day coming from Australi
Tue, 01 May 2012 01:05:06 GMT
The Reserve Bank of Australia shocked the currency market by slashing rates by 50 basis points versus 25bp eyed as it cut its benchmark rate to 3.