Trade suggestions for the next 24 hours New positions Medium term, sell USD/CAD at 1.2680 target 1.2210 with no stop loss for now Medium term, sell USD/CHF at 1.2060 target 1.1510 with no stop loss for now Medium term, buy AUD/USD at 0.6260 target 0.6690 with no stop loss for now Medium term, buy EUR/CHF [...] [...more]
2009-02-27: U.S. Budget Deficit Set to Hurt the DollarPresident Barack Obama’s announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments coming out of the U.S. economy, such [...] [...more]
2009-02-27: U.S. Budget Deficit Set to Hurt the DollarPresident Barack Obama’s announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments coming out of the U.S. economy, such [...] [...more]
EURUSD at this moment draw a triangle and logically should resume the trend up, but market does not always act by the laws of technical analysis and basically we must watch two levels: support at 1.2664 and resistance where the triangle’s line is. Breach of any of them could give a base for the new [...] [...more]
This week has been a tough one to forecast so I’m pretty glad the weekend has arrived to have a break. Having said that, while the bias calls have not been particularly good the break levels have provided a few good trades and when filtered with trade set ups as seen on http://www.fx-forecaster.com/DailyForecast.html the results [...] [...more]
DAILY FORECAST FOR USDCHF Bias: Slightly mixed but do still see a risk that price could try & retest the 1.1776-00 resistance. The gains I suspected yesterday didn’t occur and instead price drifted lower. It does leave the situation rather mixed but overall I can’t really see a strongly bullish structure now although I can’t [...] [...more]
Trade suggestions for the next 24 hours New positions Medium term, sell USD/CAD at 1.2680 target 1.2210 with no stop loss for now Medium term, sell USD/CHF at 1.1980 target 1.1380 with no stop loss for now Medium term, buy AUD/USD at 0.6260 target 0.6690 with no stop loss for now Medium term, buy EUR/CHF [...] [...more]
EURUSD stopped for a while a movement up and at this moment for the bulls support line at 1.2664 became important. While it is in place possibility to reach resistance at 1.3089 remains enough real. Below support line picture becomes negative. day.pdf [...more]
DAILY FORECAST FOR EURUSD Bias: While 1.2771 caps the downside could see extension to 1.2602-33 at least & max 1.2569 Losses pushed down to the 1.2700-20 area and just below to 1.2689. I don’t think this decline has finished and while 1.2771 caps (max 1.2794) I feel the downside has more chance of resuming. A [...] [...more]
It was another mixed day yesterday. The Dollar’s losses were mostly reversed and against the Pound in quite a substantial way and this impacted on GBPJPY which reversed perfectly from just above the 141.55 resistance I outlined yesterday. There were some decent set ups yesterday that did indicate a few decent trades with the only [...] [...more]
