Post Tagged with: "uptrend"
Trade Responsibly Chapter 2: Trade With the Trend
You’ve probably heard the expression: “Make the trend your friend”. For many, this basic idea has already been forgotten and regarded as yet another cliché. Nevertheless, it is still very relevant. If your system involves looking at 1 hour charts, check out the 4 hours charts and the daily charts to get the bigger picture.
GBP/JPY at Crossroads
GBP/JPY is in a collision course between an uptrend and a downtrend. As both the pound and the yen are losing to the dollar due to each country’s internal problems, the technicals will speak. GBP/JPY uptrends and downtrends. Click to enlarge: GBP/JPY was trading in an uptrend during February and it traded around 143.50 at
EUR/USD – Edging Up Before the Plunge?
Looking at the hourly charts, EUR/USD is trading in an uptrend channel since the end of February. The near past tells us that the drop is near. The charts can speak for themselves
GBP/USD – Trend lines on a Collision Course
The Pound is trading in a narrow range, and it’s getting narrower. The trend lines are about to collide – meaning that an explosion is underway. There are a few upcoming events that will determine the direction of explosion. GBP/USD is bound by two trend lines that aren’t parallel. Using the hourly chart, I’ve drawn
Range Trading – Frustration and Opportunities
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this range signal that the long-term fall of the dollar is about to change? EUR/USD, the world’s favorite pair, is trading between 1.48
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
EUR/USD Outlook – September 7-11 2009
Range trading was the name of the game this week. EUR/USD that closed the week in the same place as last week. Here’s an outlook for this week’s events, and a technical analysis for EUR/USD. Will it break the range this week? EUR/USD forex graph with uptrend channels Last week’s rate decision didn’t surprise anybody.
EUR/USD Outlook – August 31 – September 4 2009
EUR/USD traded up and down this week, closing at the same place. This week’s rate decision is the peak of 11 important European releases. Here’s a review of the European indicators and an updated technical analysis for EUR/USD. EUR/USD forex chart with the uptrend channels marked: Last week’s consumer surveys showed strength, and the so
EUR/USD Outlook – August 24-28 2009
EUR/USD managed to close the week higher, sticking to the uptrend channel. This week’s German Ifo Business Climate as well as 8 other indicators will set the direction of the Euro. Here’s an outlook for the Euro zone’s important events and an updated technical analysis for EUR/USD. EUR/USD forex chart, with the uptrend channels marked: Friday’s
EUR/USD Outlook – August 17-21 2009
Growth in the continent’s largest economies didn’t help the Euro to make serious gains. It’s still trading in uptrend channels, but these are narrowing. 5 important events will determine EUR/USD’s direction this week. Here’s an outlook on the key events and a technical analysis for EUR/USD. EUR/USD Graph – with the uptrend channels highlighted: EUR/USD,