Currency Trading, one pip at a time.
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The EURUSD [Euro-Dollar] bearish tape is playing out. We’ll take a look at the daily chart to see what has been happening. The first “bearish/over-extended” warning sign in the daily chart was the Bollinger Band breach. The pair had a candle trade completely above the band, which is extremely unusual. You can look back at [...]
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Today is t-2 (“t minus 2″), with t being Christmas for traders. On Wednesday, Santa Fed arrives at our chimney. Some people expect a big gift while others believe Santa Fed will disappoint. Speculation is all the rage and everyone has an opinion on what will happen. They all want to guess what’s in the [...]
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The US Dollar is killing it right now. Softer QE expectations + technicals (see Buy Dolla Dolla Biills) is giving some steam to the US Dollar. No dead cat bounce here. See my FX Alerts from this morning below. Additionally, don’t forget to check out my new post over at StockTwits FX (GBPUSD Analysis). Technorati [...]
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The sell list has a new friend: The Pound Sterling. The US Dollar was feeling awfully lonely in the list and had to call a buddy. Ever since the failure to hold 1.60 on Friday October 15th, 2010, Cable has been looking weak. The Oct. 15th daily doji was the first warning sign. The Pound [...]
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I have a new post up at StockTwits FX: Buy Dolla Dollar Bills Ya’ll. I talk about the long setup forming on the U.S. Dollar Index. A combination of technicals, sentiment, and signals in the Euro/USD and Pound/USD crosses. With more foreclosure news that just broke out, you have to read this intermediate long US [...]
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