|
||||||
|
6-28-08 6:28a GMT – Shorts remain my favorites for the USD/CAD pair as it traces down from its 1.03 monthly high to its range bottom. Concerns are a possible bullish divergence in the 4 hour RSI charts. Trading Idea: In the short to mid-term shorts at 1.0125 should hold for a test of 1.0080 [...] 6-27-08 15:48 GMT – EUR/USD looks poised to make more gains, though I expect a slight dip to shake off the oversold levels on the houries and make room for another rally. Trading Idea: Look for support to hold around 1.5675 and enter long on a bullish reversal candlestick. If support is broken with [...] 6-27-08 5:50a GMT – USD/CHF gave a strong bullish reversal doji candlestick on the 4H charts last period indicating a possible reversal in the USD decline. The signal comes after a 200 pip decline over the day and near support at 1.0225. Trading Idea: To confirm the trade the next candlestick (ending at 08:00a [...] 6-26-08 6:51a GMT – EUR/USD is bouncing upward off a multiday trend support line despite hawkish comments from the Fed. The ECB’s actions are expected to favor the Euro more than the Fed’s words and we will look for candlestick entry points near support currently at 1.5585. Trading Idea: Look for a dip and [...] |
  
|
||||
|
Legal Risk Warning |
||||||
Recent Comments