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EUR/USD | Daily Forex Trading Edge

EUR/USD

EUR/USD: To trend follow or not to trend follow…

Tuesday, Dec 10, 2013

While I am gong to use a current example in the EUR/USD, this set up can apply to any intraday trend, especially one that may be closing in on significant support or resistance. In the case of the EUR/USD - it’s resistance.

 

It’s difficult to commit to a long euro position not in light of the news coming out of Europe but because of the inevitability the market puts on the Fed taper. Being short the dollar into late-December and into March of 2014 means that

 

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

EUR/USD: Trend Up Continues

Tuesday, Aug 20, 2013

Good Evening,

Another day that has the USD all over the place against its cross pairs. The USD is strong against the AUD, NZD, and CAD. Weak against the GBP, EUR and CHF. So weak against the EUR, that we saw a BUFFALO BOUNCE:

Past performance is not indicative of future results

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

A dovish ECB will prevent an uptrend

Thursday, Aug 1, 2013

The euro is trading lower against the dollar as Draghi reiterated that rates will remain low and that “The risks surrounding the economic outlook for the euro area continue to be on the downside.” 

This comes as the EUR/USD was beginning to show signs of a potential transition from chop to a fresh uptrend. However at this stage of the transition price action is vulnerable to the volatility of widely differing opinions. 

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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Q2 Earnings and The USD

Monday, Jul 22, 2013

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Trading Psychology 102

Friday, Jul 19, 2013

Good Afternoon,

A quiet week technically in forex. The biggest thing we saw was the USD hit resistance and the cross pairs gain some strength. Hard to say what that means for the near-term though as sideways markets could just be the ticket until we get a new geo-political event or new interest rate news, which seems to be further and further down the road as all central banks are all in.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Macro and Micro Fundamental Preview

Sunday, Jul 7, 2013

Good Afternoon,

It is summertime, so for the next 8 weeks (until Labor Day and schools are back in session), we have to be careful about lighter volumes. Lighter volumes can add to the volatility, if volatility continues to pick up due to geo-political events. Those geo-political events are what I now term "macro"-fundamentals. The macro-fundamentals for this week are:

**Draghi speaks

**Bernanke speaks

**BOJ Press conference

The "micro"-fundamentals that affect the central bankers' decisions are as follows:

**AUD emplooyment

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

A Look at Three Volatility Studies as a Gauge of Risk

Tuesday, Jul 2, 2013

One of my absolutely favorite tools is the PowerStats statistics on price that IBFX offers. It truly is a tool that I am passionate about and that I have a professional connection to. I have been a subscriber, an analyst, and an educator for Autochartist throughout the years and am close friends with the founders. It doesn’t seem like all that long ago that I was teaching how I get the most of the chart pattern studies when one of the founders told me about a new tool they were developing.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

EUR/USD Heading Towards Support?

Monday, Jul 1, 2013

Good Afternoon,

Fundamentally, the packed week started with ISM Manufacturing. The gauge of the nation's manufacturing sector came in flat. New orders were up a bit more than expected, but the employment component was below expectations. This is important as we have the monthly employment report on Friday. The data continues, so keep an eye on it and as always, keep an eye on any Central Bank speakers.

Technically, the SPX rallied hard today, but after all is said and done, closed where we closed on Friday. The 61.8 Fibo line is still holding as resistance:

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Weekly Fundamental Preview

Sunday, Jun 30, 2013

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

The “Art” of Pressing Validity: EUR/USD

Monday, Jun 24, 2013

A trend has a small window where pushing the validity of a trend-following entry can become a fade and that’s where the EUR/USD is today.

 The EUR/USD uptrend was cut short by the flight-to-safety in the U.S. dollar but has it lost validity? The initial trade entry was based on a swing buy set up and this set up is valid as log as prices remain (ideally) above the 34 period EMA low. The 200DMA and the 50DMA will have more widespread psychological and technical relevance.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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