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Yen to Claw Back Sone Ground

fxsurprise8 Publicado 31 Dic como análisis en USD/JPY, Objetivo: 116.2110, Fecha: 2 de Febrero, 12:00 GMT  en #Technical analysis #USD #Dollar #Yen #Japan #USD/JPY
The Japanese Yen got clobbered this year across the board as the Bank of Japan undertook a second round of unprecedented quantitative easing. The USD/JPY daily chart is massively overbought according to the Stoch at 84.
Of course one should not act on the Stochastic alone, this indicator often signals overbought condition during strong rallies. But looking at price action we can see that the USD/JPY peaked at 121.84 on December 8th and has been unable to move higher since then. A rally during th…
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Swissy to Break Parity

fxsurprise8 Publicado 31 Dic como análisis en USD/CHF, Objetivo: 1.0221, Fecha: 2 de Febrero, 12:00 GMT  en #Technical analysis #Dollar #USD/CHF #Swiss Franc
The Swissy had a remarkable move up this year. The pair is currently up by 890 pips since January 1st and the momentum, as can clearly be seen on the 4 Hour chart below, is on the upside.
The trend will continue into the New Year (happy new one by the way). The parity level (1.000) will be important resistance for USD/CHF, but if we break it (and I suspect we will) the door to 1.02 will be open. I'm betting on another 300 pips gain in January to match December's run of 285 pips.
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Pound to Stabilize around 1.5500

fxsurprise8 Publicado 31 Dic como análisis en GBP/USD, Objetivo: 1.5585, Fecha: 2 de Febrero, 12:00 GMT  en #Technical analysis #GBP #Dollar #GBP/USD #Pound
The Pound has declined by 1,580 pips since reaching a peak in July of this year. On the daily chart, the Stochastic has reached a low below 20 and has turned up, a potential reversal signal.
On closer inspection we can see that the GBP/USD spent the last two weeks basically flat. This was in an environment where the Euro's losses continued. This is another signal that indicates to me that we may be reaching an end to the losses. I'm betting on the Pound being supported by the 1.5000 figure and s…
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EURo to Decline Slightly

fxsurprise8 Publicado 31 Dic como análisis en EUR/USD, Objetivo: 1.2021, Fecha: 2 de Febrero, 12:00 GMT  en #Technical analysis #Dollar #Euro #EUR/USD
The Euro continued the downtrend in December. The pair lost a further 365 pips. We are now trading around 1,500 lower from the 1.3500 breakout point back in July.
While I think the losses are overdone, we can always go lower. Don't fight the trend! I think a good place for price to settle is around the 1.20 round figure. So I'm placing my target just above at 1.2021. Good luck and Happy New Year!
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Out of All Trades as Euro Breaks 1.2500

fxsurprise8 Actualizado 14 Nov  en #Trader's blog #Dollar #Euro #EUR/USD
The Euro spent most of the day on he defensive, declining to a low of 1.2398 few hours before the London close. Then at 10 AM EST, a major anti-USD rally started. The unexplained move was consistent across other asset classes, with stock markets and Gold gaining while Dollar denominated currency pairs got sold. Two stories have come out about the reasons behind the sudden Dollar reversal. Take your pick story one or story …
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FG_Trading avatar
FG_Trading 15 Nov

Here is above my point of view on this, See my post.....

JvdS87908 avatar
JvdS87908 15 Nov

Go back in history on EURCHF as I mention ........  when you have a FLOOR the purpose is not to drive the price higher  but to take up any attempt to drive lower than a price .......  that is to flood the market with enough supply for any BID below a certain price .......  but they will not interfere if the price rises again due to market drive .......  that any attempt to further reduce the value will be a all the liquidity required  to supply.

fxsurprise8 avatar
fxsurprise8 15 Nov

I'm aware of the floor at 1.2000. I traded it live when they instituted it few years ago. But the SNB hasn't intervened in years and like I said there are no signs of intervention yet.

JvdS87908 avatar
JvdS87908 15 Nov

Right, that because was not a threat to the FLOOR ........  but in the pass few months has been going down and threatening the FLOOR, quietly in small scale, I would image have been increasingly, take a look at volume increase ......  but the purpose of the FLOOR is not to interfere if is above, but rather any attempt to make it drop below a value ........ if above they leave alone ........  Jose

fxsurprise8 avatar
fxsurprise8 15 Nov

....what...

I was talking about the Euro move on Friday and how it is not connected in any way to the SNB. I have no doubt that they will intervene. There are rumors of 1 billion at 1.2010.

Personally I wouldn't get involved in the EUR/CHF, bank or no bank.

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EURo Stress Tests and FOMC Next Week

fxsurprise8 Publicado 25 Oct  en #Trader's blog #Dollar #Euro #EUR/USD #Fomc #USD/CHF
Like I mentioned in my yesterday blog post, I am currently flat. I mainly trade the Euro and with the single currency settling into a range, I would rather wait for a brakeout then risk getting whipsawed.
The two events next week that may act as a price catalyst are the ECB Bank Stress Tests and the FOMC meeting. The Stress Test results will be announced tomorrow on Sunday, although if a recent leak proves to be accurate, the effect on EUR/USD will likely be minor. A …
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fxsurprise8 avatar
fxsurprise8 25 Oct

I still can't figure out why whenever I type Euro in the title it gets messed up into EURo. Weird bug, also happens in the article contest. If anyone knows why, let me know!

JvdS87908 avatar
JvdS87908 25 Oct

Hi there

Excellent .....  your message is load and clear .....  well structure ..........  good for you.

"whipsawed" ....  I am sure what that is and possibly you trying to say  "whiplash"

Jose

fxsurprise8 avatar
fxsurprise8 25 Oct

hey Jvd :) Whipsawed is a term used when you get caught following the latest market move. For example, you go long and soon after the Euro falls. Then you go short and the Euro rallies. This type of market movement usually (although not always) happens during a consolidation market.

It's a common term used in trading :)

JvdS87908 avatar
JvdS87908 25 Oct

Point taken ......  I am not familiar with it .......  Thanks

JvdS87908 avatar
JvdS87908 25 Oct

call me Jose ...  will you?

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EURo Down as US Equities Retreat

fxsurprise8 Publicado 9 Oct  en #Trader's blog #EUR #USD #Dollar #Eurusd #Dow #Us Stock
After spiking at 1.2790 early in the Asian trading session, the Euro started a slow and prolonged decline that saw it move below 1.27. This hurt by Dollar longs and I fell from number 4 to number 7 in the rankings. The reason for the Dollar gains was the reversal in US equities. After gaining 1.9% yesterday, the Dow fell by 2.1% today.
I'm still up about 20-30 pips on my Euro long and I plan to keep this trade open. I will be looking for an exit above 1.2850, hopefully closer to 1.30. A move bel…
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VictoriaVika 10 Oct

Best of luck )

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Betting on Dollar Weakness Pays Off as Fed Agrees!

fxsurprise8 Publicado 8 Oct  en #Trader's blog #USD #Dollar #Fomc #Fed
Another great day for me. I've been betting that the gains seen in the US Dollar were overdone. I placed a EUR/USD long at 1.2655 and USD/DKK and USD/CHF shorts. All trades are now well in the green, with the Euro leading the pack at +79 pips.
The EUR/USD had an upward bias for most of the day but it wasn't until the release of the FOMC minutes that a major rally got underway. The minutes highlighted a growing concern among FOMC members that further gains in the dollar could hurt exports and dam…
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VictoriaVika avatar
VictoriaVika 9 Oct

Best of luck )

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