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Looking to buy retracements this month

AdamFx42 Опубликовано 2 Март в #Trader's blog #Majors #Daily Retracement

I will be waiting to buy retracement of the major pairs against Usd this month
I am looking at daily charts
and will be keeping an eye on Gbp, Eur, Nzd, Aud and Chf
After all Major pairs seem to have hit their highs against Usd last month
the retracement of most pairs is in full effect now
I will be looking for continuation of this trend

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Majors and yen pairs still hurting today

AdamFx42 Опубликовано 3 Янв. в #Trader's blog #Majors #Selling #Bounce #Yen Crosses #Buying The Dips

The Yen crosses are still hurting today after falling further overnight
Usd/Jpy fell quite a bit overnight too
and the majors are struggling with their supports
Eur/Usd struggled with 1.363 support and I decided to buy there - but that support is broken now
(or so it seems) next support will lie around 1.352
I expect Usd/Jpy to bounce back a bit before falling to 103.6,
and the Yen crosses should follow that lead:
Eur/Jpy, and Gbp/Jpy showed some bounce from their initial supports today,
and I a…

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Majors stronger, crosses weaker

AdamFx42 Опубликовано 8 Дек. в #Trader's blog #Majors #Crosses #Strong Data #No Tapering?

After seeing stronger data coming out of the US last week, and the government holding off tapering for now,
we saw the major currencies stronger, while the crosses were all hurting
Now I understand what happened to the crosses because they were in need - - technically -- of retracement
The JPY crosses are not going down yet, though, but I will be waiting for their retracement the coming weeks
USD/JPY is going up strongly at the moment, and EUR/JPY, GBP/JPY etc are following like puppies,
it is h…

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Looking to buy retracements this month

Majors and yen pairs still hurting today

Majors stronger, crosses weaker