EUR/USD Trading Strategy

EUR/USD Weekly Outlook and Trading Idea

EUR rose ot 1.3320 last week only to touch the 100-day moving average and pulled back. The fact that the prices remain below the declining 100-day moving average is a sign that the weak downtrend on the daily chart is still intact. And since the market is overbought, the trending conditions do favor a short position here. On the other hand, our wave coung suggests a rally twd 1.3520/1.

By Alexander Nikolov | 9:48 pm | TrendRecognition

EURUSD trade setup for February 08, 2012

Here is our buy opportunity for today. Yesterday I published a trade opportunity to buy on the retrace of the break of the flag pattern. Well we got the break but price did not retrace to where we could of got in. So now I offer another opportunity. We have a few things we need to look for on the H1 charts. First I want to see a retrace to somewhere between 1.3205-1.

Feb 08 | FXEmpire

EURUSD trade setup February 07, 2012

We have two possible scenarios for this pair one is Bullish and one is Bearish. Lets take a look at the Bullsih opportunity first. We have a nice flag pattern that has formed on the H4 charts. If price manages to break up through the flag, look for the following. First we want to see the Bollinger bands start open and then we want price hold above the break of the flag.

Feb 07 | FXEmpire

EUR/USD Weekly Outlook and Trading Idea

EUR/USD has traded sideways for the past week or so between 1.30 and 1.32. The fact that the prices have remained abv the rising 21-day moving average is an encouraging sign that our bullish view here is correct. To remind you, we think that an important low was achived in January and a recovery twd 1.3520 and 1.3720 is now under way.

By Alexander Nikolov | Feb 05 | TrendRecognition

EUR/USD Weekly Outlook and Trading Idea

A week ago I favored longs on a small pullback against the 1.2670 level. Depending on your risk tolerance, you are either long already or have missed to enter long by a small margin. I will consider that we have a hypothetical long position. The daily chart now looks quite positive. The prices are above the rising 21-day MA and that's bullish.

By Alexander Nikolov | Jan 29 | TrendRecognition

Australian Dollar Outlook - 25 January 2012

Bell FX Currency Outlook: Having reached a 3 month high the previous evening, the Australian Dollar has retraced 1 US cent overnight as the markets reacted to ongoing negotiations between Greece and its private creditors as well as IMF warnings on the European crisis.

By Christine Gaylican | Jan 24 | IBTimes AU

EUR/USD Weekly Outlook and Trading Idea

Finally the prices have moved abv the declining 21-day moving average and the current downtrend has weakened. What's more the daily oscillators have moved on buy singlas, rising from previously oversold levels. Thus, the long side is favored now. To-recap, I turned bearish in December at 1.34/1.35 area and covered at the 1.2870 support.

By Alexander Nikolov | Jan 22 | TrendRecognition

EUR/USD Weekly Outlook and Trading Idea

Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of 2011, so we are now flat. The daily downtrend remains strong as so far there is no evidence of a major bottom. But we believe that a low will be found soon either near the 1.2870 level or near 1.2670 level. Then, a rally back twd 1.

By Alexander Nikolov | Jan 03 | TrendRecognition

Forex Signals - EURUSD Falling into 2012

Yesterday's short was triggered at 1.3048 on the break of rising trend support (email sent to subscribed pro members) and all targets were quickly hit for 80 pips profit. The pair actually continued to drop for nearly 170 pips but given the low end-of-year volume we were happy taking our 80 pips into 2012!.

By PipHut | Dec 29 | PipHut.com

Forex Signals - EURUSD Holiday Lull

Markets have been at a dead stop for the past several days as a very large chunk of traders, banks and funds are done trading for the year. In our little impromptu survey yesterday 50% of respondents said they were done trading for the year - and that is just of those still checking the analysis! We...

By PipHut | Dec 28 | PipHut.com

Forex Signals - EURUSD Thin Markets

For traders looking to brave it today we are tracking a rising trend support and a falling trend resistance (blue lines) that are converging together to form a giant pennant consolidation pattern. The preferred trade out of this setup is a short and we will look to sell on a downside break of the ri...

By PipHut | Dec 27 | PipHut.com

EUR/USD Weekly Outlook and Trading Idea

EUR traded sideways last week in a rather tight range between 1.3020 and 1.3195. The fact that the prices have remained below the important 1.3195 Fibonacci level is a sign that the current downtrend not only remains intact but it is still powerful enough. Thus, as I see no signs of a ST low, I expect weakness twd 1.2870 this week.

By Alexander Nikolov | Dec 26 | TrendRecognition