Happy New Week Surfers. Yesterday’s Report EUR/USD was unable to sustain life above the 1.2700 on Friday, returning to once again take up residence around DCZ 1.2645.. Technical Analysis The bounce on Thursday off Monthly Pivot and DCZ 1.2775 appears an ominous message to the Bulls from the Bears – “we’re baacck”! 1.2645’s tenuous hold […]
G’day Surfers – market mismatch! Yesterday’s Report The forex market is a glorious beast that, like all living organisms, goes through periods of vitality and sessions of non-activity. Most days, we see a mixture of both. Yesterday was just like that as we patiently waited for our Licorice Milkshake (something that sounds ridiculous but you […]
G’day Surfers – reversal gains momentum. Yesterday’s Report The market wasn’t prepared to wait for a right shoulder to form on the potential inverted Head & Shoulders I’ve been tracking – it rallied again. Albeit on the back of somewhat dovish Fed statement, EUR/USD appreciated for a third consecutive day – the first such occurrence, […]
G’day Surfers – one up, one down. Yesterday’s Report EUR/USD rejected a return to the deep yesterday as it failed to maintain the sub 1.2645 DCZ level. My bias was very much dependent on PA around DP and I entered Short below it, as soon as we opened for business. That trade gave me […]
G’day Surfers – you’ve gotta love the markets. Yesterday’s Report The power of our DCZ’a was underlined yesterday as finally, a decent pullback arrived for EUR/USD which bounced perfectly off DCZ 1.2510, straight to its northerly DCZ neighbour of 1.2645. The beautiful irony of that being that I was speculating about its Southern sibling being […]
Happy New Week everyone. Yesterday’s Report As if EUR/USD needed a reason to fall any further!! It certainly got one on Friday with a pretty decent NFP number and as you would expect from that result, EUR/USD crashed further – this time almost 160 pips on the day. DCZ 1.2510 ‘caught’ it beautifully and […]
G’day Surfers – a little relief. Yesterday’s Report Yesterday’s positive candle stands out like on sore thumb on my ‘riddled with negativity) trading charts. As sure as God made little green apples, so too the market must rest. At this stage, that’s all that has happened and to be Bullish EUR/USD is not on my […]
G’day Surfers – expectations met. Yesterday’s Report As we’ve come to expect from an NFP week Wednesday, EUR/USD kept a very low profile yesterday spending most of the day in a 30 pip range, under DP. A brief ‘rush of blood’ effected a DP Test but PA withdrew very quickly to resume its ‘post’. […]
G’day Surfers – they got another sniff. Yesterday’s Report Diametrically opposed to my analysis yesterday, EUR/USD crashed again, hitting mid 1.25’s before recovering slightly to close above the psychological 1.2600 level. It being NFP week and the last day of an over extended Month, I was expecting consolidation but that was put to bed […]
G’day Surfers – we had the right ideas. Yesterday’s Report EUR/USD’s reliability when it comes to testing the DP, is well documented and a fact to which we pay much attention. Yesterday was one of those days where it’s extremely difficult to trade the potential ‘routine’ visitation, due to the extremely strong trend in […]
