Блог jaytrader
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…
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…
Aussie to Slide Making New Lows
News
Australia’s dollar will fall to a six-month low should it drop past a key technical level as bets the Federal Reserve will raise interest rates next year boost demand for the greenback, according to IG Group Holdings Plc.
The Aussie will probably drop to 90 U.S. cents if it closes below 92 cents for the first time since March, said Chris Weston, chief market strategist in Melbourne at IG Australia, a unit of IG Group. The currency traded below its 200-day moving average today for the first…
Australia’s dollar will fall to a six-month low should it drop past a key technical level as bets the Federal Reserve will raise interest rates next year boost demand for the greenback, according to IG Group Holdings Plc.
The Aussie will probably drop to 90 U.S. cents if it closes below 92 cents for the first time since March, said Chris Weston, chief market strategist in Melbourne at IG Australia, a unit of IG Group. The currency traded below its 200-day moving average today for the first…
Priceline On the Move
Hello Traders,
I was checking out some recent earning news and this chart jumped out at me. Looks like a nice inverted head and shoulders (bullish signal) has formed and new highs for Priceline.com is looking strong. Notice the 200 SMA is pushing up the price. The only concern comes at the psychological and resistance price area of 1300. The bulls seems to be testing the 1300 area, and if that is cleared I am looking for 1400 to as a target.
Happy Trading,
Jay Trader
I was checking out some recent earning news and this chart jumped out at me. Looks like a nice inverted head and shoulders (bullish signal) has formed and new highs for Priceline.com is looking strong. Notice the 200 SMA is pushing up the price. The only concern comes at the psychological and resistance price area of 1300. The bulls seems to be testing the 1300 area, and if that is cleared I am looking for 1400 to as a target.
Happy Trading,
Jay Trader
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…
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…
The Art of Technical Analysis and Charting
Hello Traders,
How many times have you heard this question. What is Technical Analysis? Well technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Ok what is this definition really saying? In plain English it is saying, the most important elem…
How many times have you heard this question. What is Technical Analysis? Well technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Ok what is this definition really saying? In plain English it is saying, the most important elem…
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…
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…
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…
EUR / AUD OUTLOOK
One of the first things that most new traders learn is that currency values fluctuate based on a country’s interest rates, or more accurately, interest rate expectations.
While there are many other factors in play, a trader who can determine the path of global central bank interest rates is in a good position to predict the longer-term path of the underlying currencies. As any experienced trader knows, markets are rapidly evolving and rarely stick to a simple, straightforward narrative for long,…
While there are many other factors in play, a trader who can determine the path of global central bank interest rates is in a good position to predict the longer-term path of the underlying currencies. As any experienced trader knows, markets are rapidly evolving and rarely stick to a simple, straightforward narrative for long,…
USD/ CAD Outlook
The USD/CAD closed the week at 1.0740 up a few pips from its opening at 1.07299 after it touched a high of 1.0794 as the CAD eased as gold and oil traded in the red mid-week and the US dollar climbed on strong support from Janet Yellen. Canada’s dollar gained as the nation’s consumer price index increased 2.4 percent from a year earlier, the fastest in more than two years, the government reported July 18. The data came two days after the Bank of Canada said inflation gains are temporary and that…