Picking profitable trades is only one half of the equation. Learn to manage your fund to minimise risk and maximise growth.
USD/JPY had a nice pop during the Thursday session as the Dollar was bought against most other currencies. The pair had reached the body of support yesterday, and as a result buyers stepped in. The Bank of Japan is certainly still watching, so selling is going to be difficult at these lower levels. USD/CHF soared during the Thursday session as the EUR/USD fell. The two pairs will typically move inversely, and the Thursday session was no different. If we can get just a bit higher - this pair becomes a longer-term trade... Play video >>
USD/JPY fell slightly during the Wednesday session, but is currently running into massive support. We think that the real support starts now, and it will be difficult to sell at this point now. Bank of Japan has been quiet lately, but one has to think they will be heard from soon. USD/CAD had a quiet day, even if it did form a bit of a shooting star. The candle suggests that the bearish pressure could continue. However, we are sitting right on support, and this pair looks sloppy to say the least. Play video >>
EUR/USD fell on Wednesday as the "risk off" trade came back. Of course it did - we rallied on Tuesday! This pair actually ran into a bit of a daily trend line, and the 1.3075 cluster, and area that had seen quite a bit of downward pressure in the recent past. The fall still hasn't got us below the 1.29 level however. The pair continues to offer selling opportunities in the shorter-term charts though. EUR/CHF rose on Wednesday as the bottom of the recent consolidation area continues to prove productive. The 1.21 area begins support, and we all know that the Swiss National Bank will make sure the 1.20 is! Could we be seeing a move to 1.24 over the next few weeks? History would suggest so. Play video >>
USD/CHF fell fairly hard on light volume on Tuesday, but managed to find support at the 0.93 level again. The pair has the benefit of being Dollar based, and the Dollar is well-loved. It is hard to believe this has changed over the weekend suddenly. Also, the Franc is being worked against and Switzerland could be going into recession as the EU can't afford to buy its exports. CHF/JPY rose a bit for the session, but is running into a bit of resistance. The pair in general has been in a nice steady downward grind. The pair should continue to be biased to the downside, but in the very short-term, it looks like a rise might be coming. Play video >>
EUR/USD saw a nice pop on Tuesday as the "risk on" trade came back into vogue. However, the volumes are still light, and it could simply be a matter of money managers putting money to work for the new year. EUR/JPY rose back above the all-important 100 level, but at this point in time we have to question this move. The next 24 hours should be vital for this pair. Play video >>
GBP/USD currently is sitting at the 1.55 handle, and area that starts massive support down to the 1.53 mark. If we can break a bit lower - look out below! Of course, this song has been played before, and recently for that matter. USD/CAD currently sits in the middle of a large consolidation zone. The parity level below is the start of a massive support zone, and the levels going down to it can create a bit of support as well. It is because of this that we prefer the upside in this pair - but only for scalping it. Play video >>
EUR/USD rose slightly during the Monday session, but fell later to give back the gains. The pair is currently stuck between the 1.30 and 1.29 levels, and looks like it is set to fall. A daily close below the 1.29 level has us selling hand over fist. In the mean time, we like selling rallies as it has shown a severe lack of enthusiasm to the upside. EUR/GBP rose during the session, but fell to form a shooting star at the bottom of the recent fall. The pair looks very vulnerable right now, and a break below the 0.83 level sends this one down to 0.80 or so. Bounces can be sold as well. Play video >>
GBP/USD rose during the Friday session as the Pound got a bid in general. The pair managed to break above the 1.55 mark, but did selloff a bit during the waning hours of the session. The move could have been exaggerated by the low volume, but we see the area that we are currently in as vital to the future direction of cable going forward. The GBP/JPY pair fell as the Yen got a bid against almost all currencies. The pair formed a doji at the 119.50 area though, suggesting a bounce is coming. Play video >>
USD/CHF fell during the session on Friday, but bounce at the 0.93 level to form a hammer. This is simply confirmation of the recent strength in the pair, and suggests that we may be ready to see a pop and breakout over the 0.95 level. EUR/CHF fell on Friday as the Euro gets whacked in general. The pair is getting close to the bottom of the recent range, so a bounce could be coming. The 1.20 level is just below here, and the SNB will act if it is violated. Play video >>
EUR/USD has had another rough week, but still remains above the 1.29 level. The market looks very heavy, and the entire world is against the Euro at the moment. It is being sold off against many different currencies, and the Dollar is being bid up in general overall. With this in mind, it looks like only a matter of time before we see 1.25 or so. USD/CAD formed a hammer for the week, right in the middle of the recent consolidation area. The pair has been grinding over the last several weeks, and the upside bias still seems somewhat intact going forward. USD/JPY continues to show bearish pressure, but there is a floor in this pair - somewhere.....the Bank of Japan doesn't tell us, but we do know that 75.50 attracts a lot of chatter out of them. Play video >>
Create a FREE account