Good morning. It’s pretty obvious that Hurricane Sandy has an impact on the currency markets, especially due to NY Stock Exchange being closed for two days. Let’s see what are some of today’s interesting charts EURUSD The euro found some bids at $1.29 upward trendline and managed to climb above the downward trendline which is…
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Charts to End the Week
Good morning. Euro continues to lose ground across the board while the dollar is strengthening, providing some good buying opportunities in several pairs. Let’s take a look at some of today’s interesting charts EURUSD The euro failed to hold above support region formed by the two fib lines, so it’s probably better to sell into…
Thursday Charts of Interest
Good morning. Not much happened across the charts after yesterday’s important events – such as Fed’s interest rate decision, Draghi’s speech etc. The euro continued to weaken against the US dollar but managed to find support in the fib range highlighted below. Should this be a simple corrective decline? we’ll find out very soon Market…
Tuesday Charts That Matter
Good morning. Euro failed to recover above $1.31 and resumed decline – testing the lower $1.30 zone at time of writing. Daily chart is bullish while it looks heavier on the intraday ones. EURUSD Market sentiment: intraday – bearish, short-term – bullish Potential trade strategy: to buy on retracement to 1.2970, target at 1.3070 USDCHF…
Thursday Charts That Matter
Good morning. The euro and other risk-sensitive currencies gained more ground since Tuesday and it’s likely that they would continue on the same path in the coming days. EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to buy either on break of 1.3150 or on a pullback to 1.3050, target at 1.3250+…
Some Tuesday Charts to Watch
Good morning. Euro seems to be getting some relief, retesting 1.300 at time of writing. A breach would open the door to 1.32-1.33. German Zew and US CPI are today’s most important events. Market sentiment: intraday – bullish, short-term – slightly bullish Potential trade strategy: none 4hrs chart: 1.3070 follows 1.300 as next upside barrier to…
Thursday Charts That Matter
Good morning. Euro continues to weaken after Spain’s downgrade by S&P and ahead of Italy’s bond auction later today. Other important economic events today are the US trade balance and initial jobless claims EURUSD already erased last week’s gains and it seems there’s much pressure on the $1.2800/25 support level. 1.26 is next floor to…
Charts to Start the Week
Good morning. Euro rallied but faced resistance after Friday’s NFP data release, which came at 114k vs. consensus of 113k. The unemployment rate dropped to 7.8%, fueling the conspiracy theories that the number was fake in order to aid President Obama’s re-election. EURUSD Market sentiment: intraday – bearish, short-term – slightly bullish Potential trade strategy:…
Charts to End the Week: NFP Day is Here
Good morning. Euro climbed higher against the US dollar after ECB’s Draghi comments on preserving euro. The market is currently quiet – awaiting NFP later today. EURUSD My previous plan to sell into rally to 1.29 wasn’t the best idea, so I’m rather looking for buying opportunities now that resistance at 1.2900 was breached Market…