AdamFx42's Blog

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EURUsd breaks back above 1.12

Bit of a surprise to me - but EurUsd recovers at the end of the week
I did not see this coming - but EurUsd breaks back above 1.12
just before market close and weekend
UsdJpy and GbpUsd have hardly moved today - but EurUsd did for some reason
It is not clear to me what the driver is here
If EurUsd can hold above 1.12 for the weekend it will look more bullish next week
have a great weekend all!
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Febuari Contest mainly about GBP/USD to me

In this contest my focus will be on Gbp longs
I have started off the contest with a long position Gbp/Aud, which I plan to ride to at least 2.05
and a Gbp/Usd long - smaller position - that I plan to TP around 1.44
I have buy stops waiting in Eur/Aud and Gbp/Nzd to add to profits
gl all
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GBP/USD testing support

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, and Eur/Usd is recovering as I type this
and Usd will weaken more, as is my prediction for this month
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Ending the week with long positions in EUR

Yesterday was a bit of a trading roller-coaster ride for me again
I do not seem to be able to break squarely above 300K yet
The Canadian data release went sour for me yesterday,
I was long Cad in different crosses but the data release disappointed and I lost close to 80K
With Eur/Usd holding above critical support around 1.1280,
I quickly switched to Eur longs -- and that started to pay off nicely,
the Greek deal seems to be in the making - maybe as soon as Monday
I was up to 300K + at the end o…
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Yen strength overnight, but recovery looms

Usd/Jpy started to fall overnight from resistance around 200 SMA on hourly chart,
but halted just below 104 and recovered back to just under 30 SMA where it holds now
It looks like a small push up from here will break both 30 SMA, and 200 SMA,
and lead the pair up to retest 105 level again
The Yen crosses are in unison with Usd/Jpy as usual, and a chance to buy after last nights recovery is good
It could well be that some news, or positive US data could trigger a nice move up for Usd/Jpy,
and I …
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