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Fibonacci | Daily Forex Trading Edge

Fibonacci

Forex Ranges Tighten Up as Q1 Comes To A Close

Thursday, Mar 28, 2013


Good Afternoon,

Shock! Surprise. Economic data comes in worse than expected and SPX rises to a record close. We are now 6 points below the all time high "print" of 1575.

So we had weekly claims come in a bit worse than expected, but overall still at/below the 350k level. As I mentioned in the past, how much better can things get when you drop very quickly from the 400k level to below the 350k level. There just aren't enough jobs out there to continue the move down to 300k - I don't think...

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.

EUR/USD: Approaching Major Support Level

Wednesday, Mar 27, 2013

Past performance is not indicative of future results

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

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.

Sell In May Go Away To Create Volatile Markets?

Wednesday, Mar 27, 2013


Good Afternoon,

Let's be clear, the SPX will hit a new record. It is just a matter of when. Before I get to technicals though, a quick fundamental update, very quick. Durable goods and weekly claims. That's about it. Durable goods already came out and weekly claims will be out tomrrow - I expect weekly claims to be supportive - showing a strenghtening labor market. BUT, watch out! Keep an eye on the 4 week moving average over the next few quarters. Will it start to flatten or maybe even start to rise?

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.

AUD/USD: Strengthening With Equity Market Weakness?

Thursday, Mar 21, 2013

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

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.

Inter-Market Relationships At Work:USD & Equities

Thursday, Mar 21, 2013


Good Morning,

A quick fundamental update as we had lots of data in the past few days.

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.

USD/JPY: Approaching Previous Resistance

Tuesday, Mar 19, 2013

Past performance is not indicative of future results

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

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.

GBP/USD: Buffalo Bounce As Buyers Dig In

Thursday, Mar 14, 2013


Good Afternoon,

The fundamentals keep on keeping on. See weekly claims for a dose of supportive data.

Technically, we have the SPX just below that all time high print of 1575. The question now seems to be how far will it go through it before retracing? Speaking of retracements, I will talk about those in tonight's IBFX webinar.

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.

EUR/GBP: At Resistance Yesterday; At Support Today

Thursday, Mar 14, 2013

Past performance is not indicative of future results

Remember how yesterday's post was about the EUR/GBP up at the resistance level. Can you buy the EUR now?

I will review Retracements in tonight's IBFX webinar.

Happy Trading and Be Environmentally Cool

Coach Brian

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.

EUR/GBP: At Resistance?

Wednesday, Mar 13, 2013

Past performance is not indicative of future results

I will review Retracements in tomorrow night's IBFX webinar.

Happy Trading and Be Environmentally Cool

Coach Brian

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.

EUR/USD: Fibonacci Retracements Act As Resistance

Wednesday, Mar 13, 2013


Good Afternoon,

The fundamental picture keeps on improving. Retail sales came in well above expectations. As I said earlier this week, if fundamentals come in as epected or better than expected, it should further support the equity rally. One "major" data set tomorrow in the form of claims. They should be flat to maybe a bit softer, but still trending in the right direction.

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.
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