PipHut.com

9-23-09

6:09a GMT – I am about to break one of my personal rules of trading: I’m going to trade against the obvious trend. Let me explain: the EUR/USD is definitely in a bullish trend right now. Simply glance at any hourly or daily chart and the pair goes from the bottom left to [...]

9-22-09

4:26a GMT – Closed out the long position yesterday after 50 pips profit. Currently we are getting mixed signals from the EUR/USD. While the uptrend technically remains intact we had another day of lower lows and lower highs, and you can tell from looking at the chart below that the pair has been [...]

9-21-09

4:26a GMT – I am nervous about the long-term, overbought nature of the EUR/USD right now but technically speaking the hourly charts are offering very attractive bullish signals. As you can tell just at a glance on the 4-hour chart below the EUR/USD is in a strong uptrend, with little to no corrective [...]

9-18-09

4:45a GMT -  The USD took a beating this week though the EUR/USD pair finally seemed to find some firmer resistance around 1.4750. The pair is tied very closely with risk appetite right now. As risk appetite increases we see the EUR/USD increase along with US stocks. As risk aversion creeps in we [...]

9-17-09

4:52a GMT – Bulls kept charging ahead yesterday to just above my target of 1.4720 – unfortunately the pair never dipped low enough for my entry around 1.4620 to get triggered! I feel like a broken record with the signals for this week but here we go again: I think the pair is [...]