Hi traders! Looking at the EURUSD pair on the daily time frame, we see the pair reacting to the 15 ema yesterday. Past price behaviour in the past have shown that the 15 ema provides some support and bounces to the upside have been observed. Since we are at the 15 ema right now, some
Good day traders! Lets go over the euro dollar chart and let the chart tell us the story.I will usually start from the bigger time frames and then go down to the smaller time frames. Below is the daily time frame for the euro dollar. euro dollar daily time frame On the daily
Good day traders! The euro dollar has ssen some bearishness since the beginning of the week. With the Greek crisis hitting the news again, risk aversion has entered the market again. From the euro dollar daily chart above, it seems that euro dollar is about to continue on its down trend. It has broken the
Good day traders! We have the euro dollar today dropping from 1.34209 in early Australian trade to 1.3247 as of now 11.56 Singapore time and also during the US open. The drop is nearly 200 pips and are we going to see the resumption of the risk aversion this week or better market sentiments that
Good day traders! Ahhh.. So the Irish banks got a bailout after all. There was a lot of drama before the bailout with the Irish pretending that they didn't need any help from anyone and that they can survive without any help from anyone. But what we know now is that they actually welcomed that
Good day traders! Euro took a deep correction from 1.428 region to correct all the way down to 1.38226, a drop of about 460 pips, enough to wipe out a trader's account if you are over leveraged. Nevertheless, the euro still offers us an opportunity for a swing trade. euro dollar elliot wave analysis
Good day traders! Trade Update: 5th November 2010 7.03 pm. No trades taken yet as there was no support at the level that I wanted to buy which is at 1.416. The pair however managed to go down all the way to the 21 ema on the 4 hour chart and that is acting as
Good day traders! Trade Update: Trade closed with an 80 pips profit. Opened a long trade at 1.392 and closed trade as limit was hit at 1.40. :p euro dollar trade closed with 80 pips profit euro dollar technical analysis Euro dollar trade taken. Went long at 1.392. Looking at TP
Good day Forex traders! Lets look at the chart below. euro dollar analysis Looking at the chart above, I believe that there is a possibility of a correction in this pair. 1.35 is proving to be quite a resistance and the pair should turn lower from here before it makes its next move
Price as a Derivative of People Yes, price is a derivative of human interactions and psychological outcome. As such, do not take price as a being that have its own characteristics and is departed from the human being. When you look at price, understand that price is an OUTCOME, a DERIVATIVE. It is
