Picking profitable trades is only one half of the equation. Learn to manage your fund to minimise risk and maximise growth.
EUR/GBP fell hard on Tuesday, and the trend dictates that this could continue. The 0.84 level has held as resistance lately, and it appears this could be a top for the foreseeable future. A break below the Tuesday lows sends this pair looking for lower levels - perhaps 0.80 or so. EUR/JPY has broken below the 100 mark. The gap is in the neighborhood - so now we have to see if this area acts as support? A break below the gap is a horrible sign. Play video >>
USD/CAD saw an attempt at a rally for the session on Monday, but the end of the session saw something much different – a shooting star at the bottom of a downtrend…always a very negative sign. However, there is much to be concerned about on the sell side as well. USD/JPY fell below the 76.50 level that everyone in the world has been paying attention to recently. This makes us wonder where the Bank of Japan gets involved…..it’s about time. Play video >>
USD/CHF had a bullish day on Monday for the first time in several sessions. The 0.91 level held as support, and the candle bounced just as we thought it might. However, the later hours of the session saw it give back a bit of gains. AUD/USD pulled back, but formed a hammer above the 1.05 level on Monday. The recent breakout still has us thinking 1.12 before it is all said and done. Play video >>
EUR/CHF continues to fall over the course of several sessions, but it is just above the SNB's "floor" in the pair at the 1.20 level. The pair is going to be a target for intervention at this rate, and as a result - it could be a good place to sit in to the long side as you could have the ultimate stop loss... The EUR/GBP shot straight up and slammed into the 0.84 level. The area is massive resistance, and this next 100 pips could be a chore for it to get through. With this in mind, we will be looking for sell signals in the area. Play video >>
EUR/USD rose again during the Friday session as traders continued to punish the Dollar for a lengthened low rate policy by the Fed. The 1.32 level has been broken, and it now seems as if we are racing towards 1.35 or so. The EUR/JPY pair initially fell for the session, but bounced in order to form a beautiful hammer to suggest a run to 102, and then to 105 or so. Play video >>
USD/JPY is producing a massive sell signal as we got a shooting star at the bottom of a downtrend. The problem is the Bank of Japan sits just below. If the pair falls - the central bank will intervene again. USD/CHF has fallen quite a bit, but it closes at the bottom of the candle for the week - this shows that perhaps we are going to see even further weakness in this pair. Beware the EUR/CHF though. The EUR/GBP pair is banging against the 0.84 level, and is running into a 100 pip resistance area. This could provide a selling opportunity, but we may have to use the daily charts in order to take advantage of it. Play video >>
The USD/CHF pair fell during the session on Thursday as the Dollar selling continued. However, later in the session we saw the Dollar fight back, and now we have a beautiful hammer at the 0.92 handle - just where we would want to see it if we were to get long. USD/HUF isn't pair most people talk about. However, with Hungary being the epicenter of massive debt concerns in Europe as a whole - this pair is worth watching. By the way - the Dollar suddenly looks like it could be strong again. Play video >>
EUR/USD had a positive day originally on Thursday, but the pair pulled back in the later hours to form a shooting star. Even more interesting is the fact that it sits right at the top of the resistance area that the pair has been chewing through. EUR/JPY fell form the 102 area, which of course has been a bit of resistance in the recent past. It appears a pullback is in order as the Yen gained against almost everything on Thursday. Play video >>
AUD/USD initially fell during the Wednesday session, but bounced once the Fed announced a low interest rate until the end of 2014. The commodity markets should continue to get a boost because of the decision, and the triangle still looks strong. The NZD/USD got the same kind of boost, and has proven the 0.80 level to be very supportive. While there isn't a triangle like in the AUD/USD pair, it might actually be the stronger of the two pairs currently. Play video >>
USD/JPY initially shot straight up for the session on Wednesday as the Dollar was strong for the first part of the session. However, Mr. Bernanke continued his war on the USD and announced a continuation of the low interest rate policy until the end of 2014. The resulting candle is a perfect shooting star in resistance. USD/CHF is testing 0.92. This area is important, and as a result we are very interested in it. If we can get a supportive candle - it would be a great place to buy. However, the recent move has been strong. If we close below 0.92, it could signal a further fall - but beware the EUR/CHF. Play video >>
Create a FREE account