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25 July 2014 | Free Forex Analysis | EURUSD : SEA IS CALM

G’day Surfers – The pip drought continues.

Yesterday’s Report

This time last week I was cruising off the east Coast of Australia, with a swell running at 8mtrs. That produces massive waves (though a little big to ride). The FX Market I returned to find, was the complete reverse – Flat City! This week we have seen ranges of 36pips, 70pips (1 News move), 19 pips and yesterdays perfect doji day of just 47! It is virtually impossible to make money when the market is such and despite six attempts to enter, PA (or lack thereof) was insufficient to take us in. That we have a strategy that prevents us LOSING money during these calm waters – is something for which we should be very grateful.

Technical Analysis

Next week?

The Day Ahead

Lunch of the Month for me, thinking how lucky I am to live in a peaceful part of a world that has witnessed much suffering these past couple of weeks. May god bless those who have not been as fortunate as myself.

” I am above the weakness of seeking to establish a sequence of cause and effect, between the disaster and the atrocity” Edgar Allan Poe
Enjoy your weekend.
Geoff Pyne  


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