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Break of 1.34 resistance area is of a very high importance, just as 1.1850 is for EURUSD and maybe even more. It has been a resistance area keeping USD from further appreciation for over 5 months now. There are good indication that this time we may retest it for break, but will we break it is...

Well, I see while I was away, watchdog was here to protect my reputation. Well, every bug has its place and role in this life, so there should be all kind of creatures :D Good Dog :)

Hi all. Been away. Had some personal problems, that I had to take care of, but everything is ok now. Seems like we are finally seeing some action, but after almost 1.5 months of choppy market, this is still very little to say that we are finally moving anywhere. More action and more...

sell $/Yen now at 104.16 stop 35 tgt 55

Little different but still a breakpoint situation may be observed on USDCHF pair. we are not in a minor but still a channel on daily chart. Even if not looking at it as a channel and look at support-line-part of it as one line created by 2 recent bottoms, its still important to see whether...

Hi All. New month started and I am holding an open position: sold USDCAD at 1.3124 with stop at 1.3235 and initial target 1.27. I would like to focus on 2 pairs (I will not talk about EURUSD - I spoke about it a lot lately and it can be found in last month thread with charts - we bounced...

While Euro and other majors (except for JPY) are in mixed picture, Canadian is showing a very nice picture of strengthening and the move is confident enough to start seeking for an entry. I don't remember exactly if it was a week or 2 ago when we discussed this, but USDCAD was at the time...

Good one indeed :D

Hey, thats the market - one trades one way and other - different. If we all traded the same there would be no market ;) Nice swings BTW ! Good Luck!

Hi everyone. Well, I was short EURUSd over the weekend, but the price just bounced back closing me for zero. I was hoping to see that trend line on daily chart being broken, but it didnt happen (there is still achance, but its getting smaller - it was nessesary to happen in the begining of...

well, it failed to break the support area and now it bounced to above my stop order at 1.2160. Trade was closed for zero result. I am not considering to reenter this trade. Good Luck everyone!

Couldnt agree more Mike, but sometimes, market moves strongly even without any catalisys such as global news or fundamentals. Of course such thing doesnt happen much, but ... once again, I couldnt agree more. Indications are down, and if there will be any news to support move down, it will be...

There are 2 fibo levels that we may look at for the last half a year - 8 months. Both have same top at 1.29 high, but first is starting in August (gray lines) and the shorter is from November (blue - line). If we look at the blue levels, we see that the 50% was already broken at around 1.2170...

Another indication is that we indeed broke the triangle. And even though its not that good of a triangle, it is still a good sign. I am saying that about the triangle, because if we zoom into the 4 hour chart, we see that triangle was formed, made a false break up, came back, forming another...

Hello Everyone, its a fine Sunday, 28 of March afternoon CET, and lets take a look at where market is standing right now after its close last week and before its opening for the next one. [b]EURUSD[b/] Lets take a look at the updated daily chart that I posted couple days ago. As we see, the...

Hello Mike. I trade only spot. Broker: RefcoFX Charting: Metatrader and Metastock Regards, Rezo

short term trade just booked 50 pips of profit at 1.2112. Long term trade still open - move stops to entry level now when its more than 50 pips in our favor.

25 pps in our favor already - moved stop on short term trade to entry level.

sold also for longer term target at 1.2160 with 60 pips stop at 1.2220 and target at 1.1870 Good Luck!

Sell EURUSD now at 1.2162 50 pip target and 30 pip stop