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Day 12/09/2016

The pair finished last week on a bearish note, dropping through 1.1240 support and touching the 50 period Exponential Moving Average. This type of movement will likely trigger an extended fall after a bullish correction.
After the failed attempt to reach 1.1340 resistance, the bears took over and managed to establish their control over the pair. If they manage to close a full candle below the 50 period Exponential Moving Average, we expect the pair to head into 1.1185 but a break of this level i…
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EURo

Technical
Monthly
Reversal candle that we've discussed last time has become even greater and has increased its reversal quality. As we have said previously - EUR right now shows many bearish signs, as mentioned reversal candle, inability to reach YPR1 etc.
Now short-term sentiment shows that US rate hike expectation has dropped, but not drastically and summer rate change is possible. Impact of previos poor NFP was mild and many analysts expect high NFP data on June.
Currently EUR stands at ra…
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yaritza2 27 June

thank you!!!

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yaritza2 28 June

Of all the characteristics a good trader may have, patience is at the top of the list. Alongside prudent money management, in-depth analysis and discipline, the exercise of patience can make or break your trading results.

So what specifically do I mean by ‘patience’? I mean both the patience to wait for high probability, ‘easy’ trades, and also the patience to let them run to target provided you still have high conviction in the trade (see the article I wrote on beliefs in trading).

Let’s start with the patience to wait for good trades. Trading opportunities do not arrive in a consistent

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I make my suggestions every day based on where I

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the mark
Overall there is minor strength in the NZD, USD and CHF
Overall there is minor weakness in the EUR, JPY and GBP

Trading Directions I am favouring for the next 24 hours
Buy Trades – USD/JPY, NZD/JPY, CHF/JPY
Sell Trades – EUR/USD, EUR/AUD, EUR/NZD, EUR/CAD, EUR/CHF
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Trading Directions I am favouring for the next 24 hours

Trading Directions I am favouring for the next 24 hours
IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between…
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yaritza2 20 June

ok..thank you!!!

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