Forex Crunch » breakout

Trading in Range or Catching Breakouts?

Yohay — Mon, 29 Aug 2011 13:03:25 +0000

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 currency pair to get close to the bottom and buy, in order to sell when it bounces higher.

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EUR/USD Candle Breakout Update

Yohay — Fri, 14 May 2010 13:06:47 +0000

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

Yohay — Mon, 03 May 2010 22:08:56 +0000

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

Yohay — Sun, 11 Apr 2010 22:51:30 +0000

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 – an approval of a mechanism that will supply Greece a huge safety net for borrowing below market rates – 30 billion euros. Adding 10 billion euros of IMF money, Greece gets a big breather. Coordinations between the EU and the IMF will begin on Monday.

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Forex TV Weekly Outlook

Yohay — Mon, 25 Jan 2010 22:02:01 +0000

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 weak spot. Enjoy!

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EUR/USD Breaks Down amidst ZEW Economic Sentiment

Yohay — Tue, 15 Dec 2009 10:34:37 +0000

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.

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EUR/USD enjoys good figures. Where next?

Yohay — Tue, 01 Dec 2009 15:18:39 +0000

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 haven” dollar unnecessary. American Pending Home Sales rose by 3.7%, much better the 0.4% fall that was predicted.

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EUR/USD Outlook – September 14-18 2009

Yohay — Sun, 13 Sep 2009 08:40:10 +0000

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.

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Forex Reads for the Weekend – September 12 2009

Yohay — Fri, 11 Sep 2009 22:39:12 +0000

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 USD/JPY breakout.
Kathy Lien writes about how September’s trading could set the tone to the end of the year.
Casey Stubbs explains how to spot a forex scam. This is important for every trader seeking a broker.
James W dives into technicals and talks about why he doesn’t use the ADX indicator in his strategy.
Michael Greenberg reports about a new forex portal by eToro and elaborates on the trend of brokers having portals.
TheLFB look back at the wild days of October 2008, and show how the EUR/USD volatility is back to normal.

That’s it for this time. I’m waiting for Tim Barnby to return and post new stuff.

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Pound Still Behind – Bounces Off Resistance

Yohay — Thu, 10 Sep 2009 14:09:07 +0000

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 trip. The resistance line is amazing in its strength. While the EUR/USD, USD/CHF, AUD/USD and NZD/USD are in new ground, enjoying the dollar’s weakness, the Pound reached the resistance line just today. And it bounced.

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