AUDUSD Forecast – 5th January 2014

 AUDUSD Forex Blog Forecast 5th January 2014 The Aussie Dollar have been in a down trend in 2014 and the question is, will this Forex pair continue on its down trend? Looking at the current price levels, the AUDUSD is near the round number 0.80 and I believe that there could be some technical traders

EURUSD – Technical Analysis on the Daily TF on 31st October 2013

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

By |2016-05-12T01:04:37+08:00October 31st, 2013|Categories: Daily Technical Strategy|Tags: , , |0 Comments

EURUSD – Technical Analysis of Forex Pair on Weekly Time Frame

We are in the 4th week of October and with the debt ceiling issue resolved for the time being, I decided to take a look again at the weekly time frame of the Euro Dollar. Take note  that today, NFP figures will be released and it will have a effect on all US dollar currency

By |2017-01-01T13:01:17+08:00October 22nd, 2013|Categories: Daily Technical Strategy|Tags: , |0 Comments

EUR/USD Smack on the Bottom of the Channel. A good signal to buy? 28th Feb 2013

Good day traders! The pair is sitting at the bottom of the trend line on the daily time frame. Risk reward ratio is quite good buying at this level. Is there going to be a euro dollar reversal from current retracement and a continuation of the bullish trend? We will continue to wait for further

Euro Dollar Technical Analysis on 18th June 2012 (8.20 pm Singapore Time)

Good day traders! It seems that the sharply higher Spanish bond yields have quickly and swiftly become the driving force in the market as New York opens. Yield on the 10 year Spanish debt has pushed above 7% and that is causing the euro to sag after it initially rose on the session due to

By |2017-01-01T13:01:21+08:00June 18th, 2012|Categories: Daily Technical Strategy, EUR Crosses|Tags: |0 Comments

EUR/USD Technical Analysis on 7th March 2012

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

Forex Trading: Euro Dollar Falls on Monday in early Asian and European Trade

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

Forex Trading: Euro Dollar Analysis after the Irish Bailout

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

Is the EURUSD giving us a chance to enter on a long swing trade?

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

EURUSD Long Trade taken at 1.392 on 2nd Nov 2010 —> Trade Update. Trade Closed with 80 pips profit

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