11Aug

Week of August 11, 2008-American Session

In our previous post we indicated that a close below 1.4970 at 14:00 GMT would confirm a sell for EURUSD, as 14:00 GMT has now arrived and prices are hovering around the figure. Intraday charts are a bit mixed while hourlies and dailies continue to consolidate recent US dollar gains. At this writing we do […]
11Aug

Week of August 11, 2008

EURUSD has just confirmed a sell with stop placed at 1.5025 for 1.4671 target. Look to establish short positions within the 1.4970-1.5010 sell zone.
10Aug

Week of August 10, 2008

EURUSD witnessed broad weakness in recent days as my forecast for a weaker Euro last week was spot on. A few weeks ago I had suggested a daily close below 1.5847 would see prices move lower with 1.5583 as the objective. The 1.5583 level was a very critical level of the short term rise as […]
10Aug

Week of August 10-15, 2008

EURUSD opened and closed lower for the fourth consecutive week last week as this was our forecast, while today prices have briefly probed below the 61.8% of the 1.4309-1.6037 rise at 1.4969, reaching 1.4905 in early Asian trade on Monday. The 1.4969 level is sort of the “line in the sand”, as this not only […]
08Aug

Week of August 8, 2008-European Session

Our forecast from Wednesday proved to be very accurate as EURUSD confirmed a sell at 10:00 GMT, while the other mentioned pairs all confirmed on the close of the 12:00 GMT prices, as our price targets were also achieved. As for today’s forecast, our outlook was for EURUSD to next target the 200 day EMA […]
07Aug

Week of August 7, 2008

Yesterday’s outlook forecasting EURUSD, GBPUSD and AUDUSD selling and USDCHF buying to occur between 10:00-12:00GMT was spot on as we sold EURUSD at 1.5476 at 10:03 GMT for a nice intraday gain with our MTD now at +251 pips. Today’s Asian session was very quiet and late in the session we bought GBPUSD at 1.9505 […]
06Aug

Week of August 6, 2008-European Session

Earlier in today’s session we had several profitable trades with our best trade a EURJPY buy for a nice intraday profit. Our August results already at +200 pips and we are beginning to see evidence of early trend develpoment much as we witnessed in May and June . The EURUSD has closed below the 100 […]
05Aug

Week of August 5, 2008

EURUSD daily chart is at a critical juncture, as today’s daily close will determine where the pair goes next in the days ahead. However, the medium term rise from the December 12, 2007 low at 1.4309 remains active, as only a daily open and close below 1.5377 will confirm this rise is complete at 1.6037. […]
04Aug

Week of August 4-8, 2008

EURUSD moved lower last week as our forecast for a 2 hour close below 1.5847 would see prices move lower was spot on, while for now, the 61.8% of the 1.5302-1.6037 at 1.5583 has essestially held. The EURUSD really needs to close and sustain below this level which will suggest prices will continue to move […]
01Aug

Week of August 1, 2008-European Session

The EURUSD saw whipsaw price action yesterday as weaker than exected US jobless claims sent the USD initially lower, but this was short lived as soon afterwards Eurozone economic outlook was released forecasting negative EZ GDP for Q3 which sent the Euro broadly lower and a stronger US dollar on the day. Today’s US non-farm […]

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