G’day Surfers – talk about delayed reaction!!!Yesterday’s Report In a trading era that has seen EUR/USD tumble hundreds of pips at the slightest hint of bad news, I would have expected an explosion when news broke of the 18 mth Eurozone recession sequence ending. What did we get? A 42 pip range that saw the […]
G’day Surfers – going, going……….. Yesterday’s Report NO – was the answer to yesterday’s question “would EUR/USD use 1.3285 and former Resistance Trendline as a springboard to continue the Bullish trend?”. We spotted an early opportunity Long and the order we placed gave us TP1, but we had to settle for Break Even. In similar […]
G’day Surfers – Swing to Cable proves a winner. Yesterday’s Report EUR/USD continued its retracement for much of yesterday, prior to finding support at our Key Level of Daily Critical Zone 1.3285. We expected the pullback and were looking for a bounce here. On the back of a favourite Surfing The Pips setup, we placed […]
Happy New Week SurfersYesterday’s Report Friday was pullback day as Price Action bounced beautifully off our Long term Resistance Trendline #1 & back toward the topside of our Medium term former Resistance Trendline #2. The week closed a modest 65 pips higher than it began, having conquered some decent along the way. Technical Analysis More […]
G’day Surfers, could it be true? Yesterday’s Report I hope I’m not speaking too soon but it would appear EUR/USD has been trending for a month! It seems ages since I remember that happening and it’s great to see. Despite that good news, the cross failed to test Daily Pivot (DP) yesterday and kept us […]
G’day Surfers – Euro survived the test. Yesterday’s Report It’s a painful journey but EUR/USD continues to make new Hi’s and played out our Play of the Day to perfection http://clip2net.com/s/5wPm5X .. We cashed in on our analysis as we played the Short which went to target. The opportunity to trade the Long came later […]
G’day Surfers – it took news but 1.3285 has been broken – just! Yesterday’s Report A surprising market reaction to pretty good US data initiated the break above 1.3285 (finally) but you would have to say, unconvincingly. We were looking for some pullback to a support Trendline prior to the Long and found a decent […]
G’day Surfers – DCZ holds again. Yesterday’s Report Despite another test of 1.3285 and indeed 1.3300, EUR/USD was again unable to sustain Price Action (PA), above those levels. We spotted an opportunity to go with the High test yesterday and were rewarded with TP1. The buying unsustainability prevented us taking full toll, as PA headed […]
Happy New Week Surfers – NFP restores week’s falls. Yesterday’s Report Thursday’s good USD news turned completely around as the “main event”, NFP data showed poor job creation in the States and the market reacted with a 100 pip spike. After a consolidating week, all roads led back to our 1.3285 Daily Critical Zone (DCZ). […]
G’day Surfers, EURO rally on hold. Yesterday’s Report USD strengthened during all sessions yesterday but predominantly through Asia & US. Our favourite London session failed to produce much action at all but any that did occur, was not Bullish. That was to our disappointment as we awaited a Long order to trigger – it didn’t. […]
