Post Tagged with: "breakout"
Trading in Range or Catching Breakouts?
Do you prefer to range with the pair or await a breakout and ride on it? The answer to the question depends on quite a few factors, with the most important one being the trader’s own experience. Some pairs trade in a flat range for quite a long time. The trader can wait for the
EUR/USD Candle Breakout Update
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, I hope the forex markets have been treating you as well as they have been treating me and I hope you all have been using that technique I showed you to make lots of pips. Today we are going to take a look
EUR/USD Breakout Alert – Candle Breakout Technique
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, By now you all should be familiar with the inside candle breakout technique I showed you in my previous posts, and hopefully you have been making some pips with it. Today I am going to alert you to breakout that is going
Dramatic Weekend Gaps and Breakouts on Greek Bailout
The emergency announcement of a 30M euro mechanism to bail Greece out sent EUR/USD high above the close. Other currencies made significant leaps as well – some are big breakouts.Is it here to stay? We’ll know quite soon. The European finance ministers made an unusually timed teleconference on Sunday, and came out with a dramatic announcement –
Forex TV Weekly Outlook
In the weekly outlook interview on Forex TV, I spoke with Julie Sinha about this week’s busy calendar, current trading ranges and possible breakouts. There’s lots of action this week in the Euro, the Pound and also in New Zealand, a currency I don’t usually cover. The upcoming rate decision catches the kiwi in a
EUR/USD Breaks Down amidst ZEW Economic Sentiment
EUR/USD made a clear and strong break out and fell below the support line. This comes on the background of a drop in the ZEW Economic Sentiment among other concerns: the credit crunch is far from over. The more important support line is getting very close
EUR/USD enjoys good figures. Where next?
Contrary to last week’s behavior, the Euro rides higher on good figures, and says goodbye to the range once again. Is this another temporary swing? Or is the next target, of 1.5283 already marked? Also the rising Pending Home Sales in the US help the Euro, as the feeling of world recovery makes the “safe
EUR/USD Outlook – September 14-18 2009
It finally happened – EUR/USD broke out of range and closed the week significantly higher. This week’s German ZEW Economic Sentiment and 6 other figures will impact the Euro. Here’s an outlook for this week’s key events in Europe, and an updated technical analysis for EUR/USD. EUR/USD forex graph. Last week, the Euro moved mostly
Forex Reads for the Weekend – September 12 2009
Here’s a list of interesting fore-related articles after a busy week: Adam Kritzer’s post on Monday about the dollar being under pressure on all fronts foresaw its collapse later on in the week. The reasons are there. James Chen talks about the breakout of a somewhat overshadowed pair – USD/CHF. Mohammed Isah details on the
Pound Still Behind – Bounces Off Resistance
The British Pound doesn’t “use” the dollar weakness to reach new ground. 1.6660 is one of the strongest resistance lines seen in a long time. The rate statement didn’t include the spice to send the Pound higher. GBP/USD now trades at 1.6598 after making a trip to 1.6659 and back. Also NZD/USD made a similar round