Showing posts with label market trends. Show all posts

Monday, 5 September 2011

Trend for 5th of September 2011

Hello, followers of market trends and independent analysts of financial markets. Markets have been in their ugly ranges for a long time without many opportunities for big moves. However, eur/gbp pair finally took a nice dive on Friday and it looks as if the pair will continue its down trend for the whole coming week. The strategy is simple: just sell rallies.

There is also some important news coming in a few hours from Australia (Reserve Bank of Australia Rate Decision). This could push commodity currencies up. As you may see they have been falling for two days. I guess the news could stop them from falling. I keep to my position about selling eur/aud, eur/cad and etc (on rallies).

We are going to have data from Europe coming during European session (Euro-Zone Gross Domestic Product) at 9:00 GMT. This could cause a collapse of Euro too. Anyway, we have to wait and see what happens without too much speculation. If you are intending to trade news I would recommend reading my article about forex news trading and be careful not to overexpose to the market too much during these fundamental events. Good luck.

Tuesday, 9 August 2011

Market trend analysis for 9th of August 2011

Hi everyone. I hope you were not very much worried by what you saw happening in the markets in the last few days. You cannot expect not to fall from the branch you are cutting. That�s what world governments have been doing all across the board and now they are scared by seeing what is going on in the financial markets. I do not think you should be scared. At least I am not. This is due to the fact that I am not afraid of the financial collapse that is coming. This is unavoidable for the world and by fearing it you will not change anything. Better find a stable psychological foundation for yourself. I see it in the Bible. Hope you will see it there too.

So, dollar started falling today and I think that is the way should be. You cannot just borrow hard earned money from across the world and expect that everybody would accept the printed debt back. There are fewer fools nowadays as there used to be. Dollar will collapse and so will all European currencies. Hope you will be smart to invest elsewhere. The best strategy is to sell the greenback against commodity currencies.

I do not have any charts for you today. I hope to give some tomorrow. I came back home from holidays only yesterday and hope to come back to my post writing quite soon. I believe I will give more insights for you this week regarding direction of the financial market trends. Don�t invest too much in shaky markets. Good luck.

Wednesday, 29 June 2011

Trend for 29th of June 2011

Oil trends up

Hi, everyone. Let us look at market trends today. As I am not able to show you oil charts today, I can simply state that it has been going up after it has found support at 89.50. It is at resistance now and we have to look at price action now. Although it is above 200 sma on 1 hour chart, it is well under 200 sma on 4 hour chart. I am neutral on the commodity and wait for European session to see what opportunities are there for the security.

Silver follows oil

Silver broke up together with oil and as far as I see oil was the leader in this move that commodities have experienced today. I do not think we have seen the real bottom yet, but simply looking at the technical picture I get the feeling that the bottom is very near. So, I am getting ready for a real bullish move in precious metals. And oil, of course!

Strong up trend for Canadian dollar when news is released

I hope you have seen how Canadian dollar reigned today against all currencies. Eur/cad was especially weak collapsing from 1.4068 to 1.3950 level in two hours. It was very easy to trade the pair this time. 1.4068 level was visited 6 times in these two days, but not broken. So, you could place a sell stop below the level just before the news release with a stop loss order at 1.4110 level and go with the flow down when the news was released. Exit could have been at even number of 1.4000 or other important previous support at 1.3960.

Usd/cad would not have been so easy to trade for the pair was moving down before the news and it would have been difficult to find a proper place to enter the market. So, if you see situation like that, it is better to search for the best pair to trade the news. In this case eur/cad was the best (at least I think so).

Pound is bullish again

British pound, as I expected strengthened today. It has just broken resistance which I mentioned yesterday (gbp/usd) and it looks like the pair is willing to go up. One thing that I do not like is that the pair broke up not long ago and the volume is not very strong, so I am not sure if it will really go up through Asian session. However, if you are in doubt, it is better to have a smaller position (in case the pair does go up) rather than not having any position at all.

As pound is strengthening, other pound pairs can be traded from the long side too. In my opinion gbp/jpy is the best (my favorite pair). At 13:30 GMT it fell to support, formed 123 pattern and moved back in the direction of the trend (upwards). So, at the break of point 2 you could have gone upwards.

Let�s hope tomorrow bring more trading opportunities.