Tag Archives: Forex Markets
Curency Traders…EUR/AUD
123.65-42 is near term support in this cross. Watch this area for clues to further Euro weakness. This is a big near term hold area.
A.M. Look 10/24/12
Welcome to the mid-week shuffle… The main feature of the board this A.M. is the correction in the Euro crosses off disappointing economic news out of Germany, in particular EUR/AUD,EUR/JPY,& EUR/GBP. Euro…128.90 ish seems to be the tipping level. Once … Continue reading
IEURUSD_-_DM-Euro_United_States_Index_Quarterly.gif
In case you just woke up,the Euro is running the board. The next set of monthly stops are under 123.65
General Comments
The Equities are trying to change direction, they’ve been trying for the past 2 weeks. This week is the first clear indication that it might actually be happening. This is conceptual work that is a lagging indicator. There will be … Continue reading
A.M. Look 5/21/12
Euro..put in an ORH day on Friday. It retested 127.52 last night. Holding this level can lead to 128.80 ish on an initial rebound. GBP/USD…sustaining over 158.40 will lead to an attempt at a figure rebound here as well. AUD/USD…This … Continue reading
A.M. Look 5/15/12
The technical trade continues. Last night brought another rebound from a very oversold condition. Given the way we closed, I think half my clientele were going to check into the local vet for a euthanizeation cocktail, after covering shorts earlier … Continue reading
A.M. Look 5/14/12
Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading
A.M. Look 5/9/12
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
AUDJPY Weekly Chart, Macro Stops Run
81.05 is the top of the cloud on the weekly 81.10 is the 200 day… I wouldn’t look for much more is this cross today, particularly in light of the Aussie hitting it’s first minor support after running the macro … Continue reading
A.M. Look 4/30/12
Today is all about not fighting the flow. It’s the last trading day of the month! Spu’s…Nasd & Gold are slightly lower on the month. USD/JPY…80.00 is 1/2 way back on the year…”125.20 is the June Futures #” EUR/JPY..105.55 is … Continue reading