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8-31-09 4:47a GMT – EUR/USD was able to break through support (and last week’s signals) of 1.4300 but has not managed to do much since then, only getting down to around 1.4280. It has since zig-zagged in a tight range between 1.4280-1.4315. In the short, short term I expect this range to continue (might [...] 8-28-09 3:26a GMT – It has been a fairly predictable week (knock on wood!) for the EUR/USD pair, with price action more or less mimicking signals. Yesterday we saw the major rise, as expected to a new high of 1.44050. Bears quickly stepped in at that point to temper the rally but not after [...] 8-27-09 4:38a GMT – Bears fought back today (on positive US data), driving down the EUR/USD almost 150 pips in just 6 hours. Pair did rise steadily for the first hours of the day but hit a wall of support at 1.4350 that sent exchange rates plummeting. There is currently disagreement among economists whether [...] 8-26-09 5:00a GMT – Good 100 pips off of yesterday’s signal as the pair bounced hard off of support just above 1.4250 and rallied for 100 pips to 1.4360. Momentum was not sustained however and the pair quickly fell back down to 1.4280 levels. Fundamentals are mixed (see my earlier post about how different [...] 8-25-09 18:12 GMT – Although my forex signals are 95% technically-based, like any good trader I also keep an eye on the underlying fundamentals as well. My philosophy is that the fundamentals will provide the trade direction while technical analysis will give you the specific entry and exit points. To that effect, I’ve talked [...] |
  
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