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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Update Archive
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Trade Idea Update: EUR/USD – Buy at 1.2555
Posted on July 10, 2010 | No CommentsEuro’s retreat after intra-day marginal rise to 1.2723 suggests a minor top has been formed and consolidation below there would be seen with mild downside bias for retracement to 1.2600, however, renewed buying interest should emerge around previous support at 1.2553 and bring another upmove. View... -
Weekly Technical Update: Greenback Tries to Fight Back
Posted on July 10, 2010 | No CommentsThe USD was pressured to start the week, and continued further. However, it started to fight back against the JPY, and by Friday, it fought back across the board. The EUR/USD for example was projected to 1.2750 to start the week, and topped at 1.2720.... -
Trade Idea Update: GBP/USD – Sell at 1.5160
Posted on July 10, 2010 | No CommentsDespite intra-day bounce to 1.5205, current selloff signals temporary top has been formed at 1.5241 earlier and consolidation with downside bias is seen, break of 1.5081/82 support would confirm this view and bring correction to 1.5057 (50% Fibonacci retracement of 1.4873 to 1.5241), then 1.5014... -
Trade Idea Update: USD/CHF – Sell at 1.0610
Posted on July 8, 2010 | No CommentsDollar’s rebound after intra-day fall to 1.0481 suggests a temporary low has been formed there and consolidation with mild upside bias remains, break of minor resistance at 1.0564 would add credence to this view and bring retracement to the Ichimoku cloud area (now at 1.0614-18)... -
Trade Idea Update: EUR/USD – Buy at 1.2480
Posted on July 7, 2010 | No CommentsAlthough euro has recovered after holding above the Ichimoku cloud top, as the retreat from yesterday’s high of 1.2663 suggests a minor top has been formed, near term downside risk remains for correction to 1.2500/10, however, near term oversold condition should limit downside and renewed... -
Trade Idea Update: USD/CHF – Sell at 1.0650
Posted on July 6, 2010 | No CommentsDespite intra-day resumption of decline to 1.0564, lack of follow through after breaking support at 1.0579 and current rebound suggest consolidation would be seen, however, upside should be limited to the Ichimoku cloud bottom (now at 1.0642) and bring another decline. View full post on Forex... -
Trade Idea Update: USD/CHF – Sell at 1.0750
Posted on July 5, 2010 | No CommentsAs the greenback has remained confined within narrow range as expected in our previous update, we are keeping our view that further sideways trading would be seen and as long as last week’s low at 1.0579 holds, another corrective rebound to resistance at 1.0697 is... -
Trade Idea Update: GBP/USD – Buy at 1.5100
Posted on July 3, 2010 | No CommentsAs the British pound has maintained a firm undertone after breaking resistance at 1.5199, suggesting further gain to 1.5241 (38.2% Fibonacci retracement of 1.6879 to 1.4228) and then towards 1.5290 would be seen, however, loss of near term upward momentum should prevent sharp move beyond... -
Weekly Technical Update: Greenback Showing Weakness, Euro Hanging Tough
Posted on July 3, 2010 | No CommentsThere continues to be risk aversion, but the greenback is not benefiting. The greenback started the week gaining, but lost its appeal towards the end of the week. The EUR/USD reflects this volatility. The euro had some surprising strength and with broad USD weakness, the...