Posts Tagged ‘ 2009 ’

Hey everybody, for this presentation I expand on yesterdays Euro Pound analysis and then use this information to explore some trade opportunities for the Euro USD and Euro Yen. This is some very simple technical analysis to follow, basic price action, fibs and a trend following trade plan for both pairs. Good luck!! David...
Read more »

The US dollar had attempted, but failed, to make new gains against multiple currencies for a full round-the-clock cycle. During the final hour of European trading, the USD bulls seemed to give up, and the bears stepped in. Currency correlation, identification of basic support and resistance, and a Fibonacci study contributed to creation of...
Read more »

Pre-London today finally began the bullish British Pound/USD move off support that the 4hour MACD divergence had predicted over the last couple of days, breaking a very definable price trap. Following this break however, we did not enjoy a pullback to the breakout point like we usually do. This unfortunately left some of the...
Read more »

During Pre-London today the British Pound Sterling began showing signs of strength against all comers, and offered a nice higher low entry on GBP/USD that carried eventually all the way until the daily R2 reversal pivot point. Great trade, was very rewarding. However, should you have arrived into the market JUST AS London opened,...
Read more »

Hey everyone, this is my normal detailed market look but I wanted to get something to you in light of the significant currency moves we have seen over the last few days. I take a brief look at Cable and the Pound Yen and put together a few very conservative trend following trade plans....
Read more »

Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.
Read more »

As London opened today we bounced decisively off of the recent range high, which was also today’s M4 reversal pivot point in the 1.4770′s area, and found our way all the way to the bottom of the range in the 1.4640′s region, which has been clear support for days now. In this video I...
Read more »

As London opened today, the longer term 4 hour and Daily charts gave us every reason to believe it would likely be a difficult London session, since we were quite sandwiched between support/resistance on several pairings. As London was opening however, we were able to identify a price trap/triangle on the EUR/USD that looked...
Read more »

Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.
Read more »

Quite a pre-London move was in play to start today’s London session on the Japanese Yen pairings, and one could have found themselves up quite a nice amount of pips already to start the London morning. In this video however, we highlight how using primarily Fibonacci retracement levels, along with currency correlation (EUR/GBP, GBP/USD,...
Read more »

Hi everyone, for todays presentation I stick with the majors and analyze the Pound USD, Euro USD and Euro Pound. The Pound has hit some significant support on a weekly chart so the question for us over the next 48 hours is whether we are going to see a significant pullback or is price...
Read more »

The Eur/Jpy today finally reached it’s 200 day moving average along with an overall 38.2 Fibonacci level overlap in the same area, going back to last year’s highs around 170. Hitting this kind of overlapping resistance gave good reason to look for some nice decent quality short entries, taking advantage of some profit taking...
Read more »

In contrast to range-bound conditions seen in today’s previous sessions, a breakout move by the British pound at the New York open, a surprise rate cut by the Bank of Canada, and a rally in US stock indexes at the New York equity market open brought the foreign exchange market to life. Conservative trade...
Read more »

Hi everyone. This is not my typical intraday market look, in this video I respond to an email forwarded to me and take a look at some longer term analysis for the Pound. I take a detailed look at some key Euro Pound price action and try to predict the future for Cable over...
Read more »

After yesterday’s break on the GBP/USD of the Daily chart channel top, and subsequent hit of the Daily 200 ema, we were poised for possible short trade setups after a 15m lower high developed. We were anticipating a retest of the Daily 5ema zone, channel top retest, as well as the 4hr 21ema, and...
Read more »