CompassFX Webinar with Greg Michalowski Thursday 4:00PM

Written February 8, 2012 at 4:10 PM EST by  

CompassFX is having a special webinar with Greg Michalowski this Thursday 4:00PM

Archived in Forex Trading

EURUSD moves back above the weeks midpoint and buyers follow

Written February 3, 2012 at 12:43 PM EST by  

The EURUSD moved above the midpoint of the weeks range and has pushed higher.  The next target is the 1.3159 level and then 1.3184. The move higher in the dollar against the EURO on the better US data, has given way to “risk on”. Greece hope and stronger US help the flows.  The pair is still mired in the narrow trading range for the week. Perhaps next week the pair finds more of a direction.    In the meantime will be paying attention to the technicals for clues as to bias until the break occurs.

Archived in Forex Trading

GBPUSD expectations for additional QE revised lower

Written February 3, 2012 at 12:17 PM EST by  

The expectations for additional QE by the BOE at their interest rate meeting next week, has been racheted down to 50 B additional from 75 B which has been more of the concensus.  The better global tone is perhaps a contributing factor.  Besides, it is easier to add rather than subtract down the road.

Archived in Forex Trading

Swiss government spokesperson says Franc cap of at least 1.2000

Written February 3, 2012 at 11:37 AM EST by  

The EURCHF is above the 200 day MA a thte 1.2054 level. A close would be bullish from a technical perspective. The problem is the longs are likely overcrowding the shorts as the pair as inched lower and lower toward the 1.2000 floor.  In an overcrowded trade, the buyers need to continue to show up. If they don’t those buyers could become disenchanted and sell.   So barring intervention, the topside may be limited (reference USDJPY).

Archived in Forex Trading

EURUSD looking like a squeeze higher? Will be watching the 1.3126 level

Written February 3, 2012 at 11:27 AM EST by  

Although the midpoint of the week at 1.31267 level has yet to be breached, the sellers don’t seem to be in control. A move above the 1.31267 level should encourage buying/shorts covering as market struggles with dollar strength or is this a signal for “risk on” EURUSD buying.

Archived in Forex Trading

Gold sells off on relief from US data.

Written February 3, 2012 at 10:52 AM EST by  

Archived in Forex Trading

CompassFX Webinar with Greg Michalowski Thursday 4:00PM

Written February 8, 2012 at 4:10 PM EST by  

CompassFX is having a special webinar with Greg Michalowski this Thursday 4:00PM

Archived in Forex Trading

AUDUSD moves to 6 month high

Written February 3, 2012 at 10:46 AM EST by  

The AUDUSD moved to the highest level since August 2nd 2011 on the back of the “Risk On” trade from the better than expected US Employment report .  The new high overtook the September 2011 hight the 1.0762 level  On the daily the next targets are at the 1.0810 and 1.0835 level which are topside trend line targets.

Archived in Forex Trading

USDCAD dips below the 200 day MA

Written February 3, 2012 at 10:25 AM EST by  

Despite weaker than expected Canada Employment, the USDCAD is taking its clue from the “risk on” traders.  The 0.9960 level is the 200 day MA and the price has dipped below this level after surging on the Canada employment report which came out at 7 AM (before the US report). Closing below this level today would be bearish for the pair. The last time the price has closed below the 200 day MA was September 1st 2011.

Archived in Forex Trading

The EURUSD rebounds. No news seen

Written February 3, 2012 at 10:20 AM EST by  

Weeks midpoint is looking to be tested at the 1.31257 level. A move above will be a disappointment for the bears.

Archived in Forex Trading

A look at the EURUSD, GPDUSD, USDCHF and USDJPY

Written February 3, 2012 at 10:07 AM EST by  



This report is now viewable on the IPhone and IPad.

Archived in Video

ISM Non-Manufacturing Improves, Factory Orders Lower

Written February 3, 2012 at 10:03 AM EST by  

ISM Non-Manufacturing Composite

  • Survey: 53.2, Actual: 56.8, Prior: 52.6

Factory Orders

  • Survey: 1.5%, Actual: 1.1%, Prior: 1.0%, Revised: 2.2%

 

 

Archived in Forex Trading

EURUSD fall stalls. Correction will be eyed closely.

Written February 3, 2012 at 9:35 AM EST by  

The fall in the EURUSD has stalled and the correction will be eyed closely by traders. The 38.2% of the sharp move lower comes in at 1.3118. The low from the asian session comes in at 1.3114. The low at 1.3124 is another important level. Traders, looking for further downside momentum (dollar buying) would not want to see the pair move above this area. Staying below it, keeps the bears in charge intraday at least.

The weeks range of 201 pips in the EURUSD is still light.  There exists a chance for an extension.  The low came in at 1.3025.  It seems a long way off but keep in mind if the momentum continues.

Archived in Forex Trading

USDCHF tests topside trendline.

Written February 3, 2012 at 9:23 AM EST by  

The USDCHF moved above trendline resistance at the 0.9226 level but come off. This trendline is from the high on Jan 20 connecting to the high on Jan 25th. The price previously moved above 38.2% of the same move down at the 0.92139.  Traders will be watching this level for bullish clues. If support holds against this level, the upside should have further potential with a move toward the 0.9244 (50%) being the next target.  If the level is broken, traders will look for the underside of the  lower trendline in the chart above (currently at the 0.9203 level) to hold support.   This trendline was initial resistance on the first surge higher before breaking higher.

Archived in Forex Trading

GBPUSD falls below 100 hour MA but finds support at trendlines.

Written February 3, 2012 at 9:06 AM EST by  

The lower trendline comes in at 1.5745 area and is from the lows back on Jan 13th connecting to the low on January 18th.  The 100 hour MA come in at 1.5781 currently.  The 1.5760 level is  another key level off the daily chart. It is the 38.2% of the move down from the August high.  This was broken this week. A move back below is not welcomed.

Archived in Forex Trading

  1. Pages:
  3. 1
  4. ...
  5. 7
  6. 8
  7. 9
  8. 10
  9. 11
  10. 12
  11. 13
  12. ...
  13. 1000