Dear friends;

Let’s take a look at the market

How did it go yesterday:

Yesterday, the market continues its descent. Before  it went to test and then break the Daily trendline the price fell below 1.1300.

Technical analysis

We are seeing a further drop of EURUSD. Today is Friday so we do not care too much about technical analysis, but it will be interesting next week.

Plan of the day

Today is Friday so we will relax and enjoy the weekend.

Significant economic news

Not interested today

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear friends;

Let’s take a look at the market

How did it go yesterday:

Yesterday the market went straight to test the trendline resistance (now support) that was broken the day before. We have included two orders, the first expired and the other went to  profit in a short time just before the expected news.

Technical analysis

The price is doing what it wants, and today it  is a confirm. Indeed EURUSD seems to have returned, with all the honors, in the daily  channel that we mentioned in the past weeks. Fortunately, our strategy, gives us satisfaction. Today the DP has not been tested and it is located over the actual price. The triad DWM, meanwhile, continues to insist for further increases.

Plan of the day
Today is a special day because of the Jackson Hole Symposium, an event where the main bankers around the world gather to discuss the ‘future’ and to determine the performance of the economy. It is an event that will move the markets  so we pay attention.

Significant economic news

2:30pm  USD       Prelim GDP q/q
USD       Unemployment Claims
Day 1      ALL         Jackson Hole Symposium

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear friends;

Let’s take a look at the market

How did it go yesterday:
As we predicted, the market yesterday was unbalanced up and needed to retrace  provoking the test of the support trendline (previous resistance).Two signals for us yesterday, both expired.

Technical analysis

Today the price will  decide whether to bounce on the support or re-enter the channel. Our bias is still bullish considering the configuration of our beloved triad DWM. The DP has already been tested so it gives us more details.

Plan of the day

We have two trendline quite clear, a resistance and a support. The latter insist in a area close to the dailytrendline spotlighted in these days.The bias is bullish but we will eventually consider short position Today could be a special day because of the FOMC that brings our attention.

Significant economic news

2:30 pm USD Core Durable Goods Orders m / m

4:00 pm USD FOMC Member Dudley Speaks

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear friends;

Let’s take a look at the market

How did it go yesterday:
Yesterday  the day was completely unbalanced mainly because of the  trends in the Asian stock markets, EURUSD overcame the 1.1500 area, breaking a Daily  trendline that was there for months. No signal for us.

Technical analysis

Today the price seems to slow down. In fact, we can not rule out possible increases. The DP has been tested and the triad is in a bullish configuration.

Plan of the day

Although the price is still biased upward, the configuration of the triad  suggests further rises only in the case of breaking the resistance trendline which was earlier pinpointed. It seems more probable a retracement to the Daily Trendline.

Significant economic news

4:00 PM USD CB Consumer Confidence

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear friends;

After our vacation period, here we are again with our daily analysis.

How did it go yesterday:

Looks like the Asian stocks are gaining  spotlight in the world economy.Moreover, there is a negative  data regarding the manufacturing index which is literally collapsed and it’s driving the investors crazy .Both the European and the Asian market are going bad. The price of crude oil is undergoing further declined.

Technical analysis

We reopen daily analysis with a  difficult scenario: EURUSD is completely unbalanced upward, with the daily channel breaking. Currently the price is licking at 1.1500 area and it is difficult to find references in the short term.The DP is far from being tested and it doesnt seem it will be tested today. The configuration of the triad is clearly bullish.

Plan of the day

The price is really unbalanced upward. We expect a retracement. In any case, we will move only if we have strong signals. Otherwise we will remain quite.

Significant economic news

None

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear Surfers,

Let’s take a look at the market.

How did it go yesterday

Yesterday, the price has continued to follow the trend moderately bullish that started few days ago. The session was closed just above 1.0900. In the analysis of yesterday, we forgot to mention the intraday stoploss due to signal that, for a few pips, failed to reach the TP1 which would have triggered the Free Trade Tecnique.

Technical analysis

Today the price is holding above 1.0900 and has already tested the DP. Today is Friday so we always try not to analyse in deep. The configuration of the price could give interesting ideas.

Plan of the day

Today, as usual, we will not do anything.

Significant economic news

Like every Friday we do not worry about this aspect.

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear Surfers,

Let’s take a look at the market.

How did it go yesterdayironic

Yesterday the price swung to over 100 pips without  producing significant results. In fact, there was a real prevailing trend and an ironic up down . Our signal S & R is closed to breakeven but not before it took the TP1 home .

Technical analysis

EURUSD is moving just below the 1.0900 and probably being affected by the bearish configuration of the DWM triad  and the test of the DP has. We notice a support trend line  and a resistance where could have some oportunities.

Plan of the day

Our bias is moderately bearish for both the configuration of the triad and  the resistance exercised by the 1.0900 level . We’ll see if the price will go down to the support trendline  or not.

Significant economic news

2:30pm    USD        Unemployment Claims

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear Surfers,

Let’s take a look at the market.

How did it go yesterday

Yesterday, the price went down,  in a violent way, more than 100 pips. We sent a signal intraday, closed in free trade for a few tenths of a pip and one Swing & Relax with a TP1 that has been brought home. Moreover,  the stop-loss has been moved to Breakeven

Technical analysis

Today the price is indecised  ,concretely when  there are  intense reductions or increases . The DP has not been tested as the triad remains in its bearish configuration. For now the price is being held at the 1.0900 area.

Plan of the day

We will check whether the money will go to test the DP before falling back towards the hot area that we have identified. We need to keep an eye to the news from this afternoon because they could shake up the market  in a dangerous way

Significant economic news

2:15pm    USD        ADP Non-Farm Employment Change
2:30pm    USD       Trade Balance
4:00pm    USD       ISM Non-Manufacturing PMI

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear Surfers,

Let’s take a look at the market.

How did it go yesterday

Yesterday the price was pretty lazy, fluctuating between 1.0950 and 1.1000. Only one signal for us which  had good conditions but became a cost later on.

Technical analysis

Seems that today something is going to happen. This morning, we have sent two signals which we will discus tomorrow. The DP has already been tested. The configuration of the triad is bearish ,although W and M are very close together, almost overlapping, 

Plan of the day

We have a trend line support that could become a good area to assess any revenue. In the north we have no specific references. Attention to news of this afternoon.

Significant economic news

2:15pm    USD        ADP Non-Farm Employment Change
2:30pm    USD        Trade Balance
4:00pm    USD        ISM Non-Manufacturing PMI

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com

Dear Surfers, i hope you had a nice week end and you are ready for a profitable week.

Let’s take a look at the market.

How did it go yesterday

Friday the volatility has been high, in fact the price tested the 1.1150 level with a range of 200 pips. The most surprising thing is that EurUsd went back, in only two hour, from 1.1150 to 1.095.

Technical analysis

Today the prices are moving slowly, but we still need to remain on guard. Eur Usd is playing around  the 1.095 area, the DMW triad is pointing down and the DP has already been tested.

Plan of the day

We are slightly bearish, so we will prefer short trades, without discarding long opportunity.

Significant economic news

4:00pm    USD        ISM Manufacturing PMI

Surfingthepips staff wishes you all a good day.

 

Daniele Angellotti Certified Trader | SurfingThePips.com