Posts Tagged by trend tv

EUR/USD: Bounces off Old Trendline

In yesterday’s analysis the old daily trendline was mentioned: 1.3420 was the approximate level of that trendline on Monday and the Euro pair bounced higher off of it after trading in that area for several hours. A short-term swing high is in place at 1.3500 a rise back above that indicates further stregnth in the…

EUR/USD-Possible Re-Test of Lows, Choppiness Continues

The broader perspective on this pair can be seen here: EUR/USD and Stock Market Weekend Briefing.  I will not post a lot in this daily outlook for March 22 since I continue to think there are better opportunities until a legitimate breakout occurs. As we begin trading this week, the pair continues to be weak after…

EUR/USD-Weekend Recap: Heading for Upper Target?

The following is the weekend recap and looks at a longer term analysis of the EUR/USD than what is covered in the analysis I post each day in the Daily Outlook. The pair made a definite effort to break to the upside.  Shorts in the EUR are very high and a “short squeeze” could occur…

EUR/USD Outlook for Feb 3

The EUR/USD did break above the short-term hourly trendline (1.3930) and that has resulted in resistance being tested currently.  The former swing high was at 1.3986 and so far that has not been reached as the pair has been stalled just below 1.3980. Above 1.3990 resistance comes in at 1.4025, 1.4050, 1.4070, 1.4085 and 1.4090-1.4110.…

Don’t Use Trading Stops!

So I saw  this article and knew it might draw some controversy, and thus I had to post it.  Do you think you need to place a stop?  Or does getting out have more to do with what is unfolding currently and the original stop is outdated (that stop was picked at the time of…

EUR/USD Forex Outlook for Jan 22

A more normalized day on Thursday with the EUR/USD stabilizing.  It moved lower in the early session but did recover to only finish down slightly.  The correction mentioned yesterday did occur; a new low was made first and then the EUR moved higher to test resistance which developed at 1.4140.  Now that the correction has…

New Trend TV Video – Applications of Candlestick Charting

Here is something all traders should have at least some skill in, and that is understanding candlesticks. Many investors attempt to incorporate candlestick charting into their trading plans, however few know why this tool has become so popular. Watch Now – http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16 In this complimentary video, “Advanced Applications of Candlestick Charting,” authors, software programmers, and…