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9-12-08 3:26a GMT – AUD/USD has a nice bullish RSI divergence and the AUD received news today that indicated they might not have to lower interest rates as soon as previously thought. This points toward a possible further bounce in the pair and I see that extending as far as resistance between .8165-.8195. Trading [...] 9-11-08 3:26a GMT – The short trade continues to dominate as the downtrend strengthens in the EUR/USD with most technical levels of support breaking in the last few weeks. I’ve been advising to sell the EUR/USD for the past few months now and it has paid off nicely. Risk now is the oversold levels [...] 9-9-08 5:06a GMT – USD/JPY shows weakness on the 4 hour charts and mixed signals on the dailies, but the technical picture shows more losses in the short term. Resistance is at 108.00 with a downside return to 106.00 likely. Trading Idea: Shorts favored below 108.00 with targets down to 106.00. Above 108.00 look [...] 9-8-08 5:50a GMT – GBP/USD is approaching resistance at 1.8000 as the pair saw its first major corrective action in weeks. I will continue to sell the downtrend and will look for selling opportunities on this latest strength. Wait for candlestick confirmation or other technical indicators, however, as the pair is drastically oversold and [...] 9-5-08 3:26a GMT – As the EUR/USD broke through strong support once again, we need to back out all the way to a monthly chart to take a look at where this might go next. The answer: the EUR/USD has more room to fall with the next major support at 1.4000 at the intersection [...] |
 
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Risk Warning |
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