Recent content by coldrecs

From the technical view point, the move from Friday looks like a rejection from an important resistance level. This makes me think that perhaps on early Monday we might see a continuation of the profit taking and more weakness for EURUSD. Still, I see that most of the forecasters still...

Until now, Wednesday was very volatile. Thanks to a good ADP number, USD was up across the board. EURUSD plunged seriously during all day and touched 1.3125 before London close breaking an exotic option barrier rumored to be in placed at that level. Commodities managed an U turn after London...

Best wishes for 2011 to everybody! The forex market is slowly coming back to normal, after a period of low liquidity during Christmas and New Year’s Eve. The trend is up on the short term. The only significant resistance for the next couple of hours is near 1,3436. My feeling is that we are a...

Merry Christmas to everybody !

EURUSD - important res/supp levels for the next 24hours The forex market is preparing to close the books for this year, and so am I :) The euro continues to drift lower, and although the move from the last two weeks to me still doesn’t look impulsive enough to be considered a trend I must...

The stock markets continue to go up and EURUSD continues to go down. Still, the pace of the decline is doesn’t look very clearly impulsive. We could still be into a very complicated correction of the last move up from between 1-3 December. But this is just subjective observation. To be objective...

EURUSD - important res/supp levels for the next 24hours The pair ended the week on a bearish note, the reason being new fears related to the public debt of the countries situated at the periphery of the euro-zone. My expectation voiced in the morning (I had an upside bias) were negated. The...

EURUSD - important res/supp levels for the next 24hours For the short term I consider EURUSD a little overbought. This is why over the european trading time I don’t expect very much upside. Still, over medium term (4h and daily) I see neutral condition and this is why over the NY session and...

EURUSD - important res/supp levels for the next 24hours After FED the pair gained a few pips above its previous high but stalled immediately afterwards. Today it broke below the up-trend line that was in place since 30 Nov (more than 2 weeks ago). This is for me a good sign to expect more...

EURUSD - resistance and support levels for the next 24 hours My expectations voiced last Thu. were eventually confirmed by the market. EURUSD broke the minor negative trend line and is currently trading above it’s previous peak at 1,3420. This level was a significant resistance and it was...

EURUSD - important res/supp levels for the next 24hours The pair seems to be lacking direction on the short term. For me the behaviour from the last 24-48 hours looks rather like a mild correction or consolidation period. People are still worried about euro and euro-zone countries but somehow...

As expected EURUSD bounced from the lower band of support and is now trading around 1,3740. The tone remains bearish and the expectations are for further depreciation of the single currency. Still, this second part of the US session and perhaps even during the asian session I expect it to...

I'm a financial advisor (I own a small advisory company together with 4 friends) and I spend most of my day trading the markets and writing market reports.

1. yes, you can have price alerts. Just create an expert advisor and inside the "Alerts" section creaste a new alert which has as condition "C>35" for example. 2. Yes, you can have that too. And it is as simple as the firs one. The condition there must be "C>35 and Barssince(C<35)>20" lets say...

I also took that trade, long from 1.3160, not because of Mr. Wolfe but due to the fact that 1.3160 was the level of the daily pivot, a level which usualy provides support ...