jaytrader's Blog

Avatar

EUR/USD (Update from Aug 10 post)

Hello Traders,
Here is an update from a post I put out on the EUR/USD on Aug 10, 2014. The EUR is still falling compared to the US dollar. As confirmed in the previous post there is really no reason to look for long opportunities in this chart pattern. Some would point out that there is a level of divergence because the RSI signal is showing oversold and this is a opportunity to buy. I definitely understand that sentiment but I have learned from experience to always follow the immediate trend an…
Read full story
Translate to English Show original
orto leave comments
Avatar

EUR/USD Week Ahead Report

Hello Traders,
The Euro gained back some ground against the dollar on Friday with investors after U.S. President Barack Obama approved air strikes in Iraq. Obama said in an address that he authorized targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help.
Currency markets in general have been resistant to alarms over Ukraine, Gaza or Iraq, but there is growing concern that a mix of growth-sapping sanctions and potentially h…
Read full story
Translate to English Show original
orto leave comments
Avatar

AUD/NZD BREAKING THRU THE CEILING (update)

This is the most recent update from my post of AUD/NZD a few weeks ago. The chart shows a strong double bottom. We will keep this chart on our radar for continued buying if the resistance area of 1.10 is broke. At the moment price is above the long term 200 moving average (red line) and the 20 moving average (blue line) looks to be pushing higher. As we all know after a resistance area is broken that same area becomes a area of support. If buying continues, the AUD/NZD might end pretty strong wi…
Read full story
Translate to English Show original
orto leave comments
Avatar

Aussie Double Bottom Signal New Highs in the Horizon

Hello Traders,
We all know that making informed decisions with a solid game plan is necessary to be successful in trading. In this blog I will share my outlook and the rules I follow to make informed trades related to Forex, Commodities, and Equities. Yes, I know that Dukascopy is primarily focused on Forex but in my opinion the other markets have an huge effect on Forex as well.
So my friends I hope you enough my blog, and feel free to add a comment or friend request. All are welcome. As always…
Read full story
Translate to English Show original
orto leave comments