Hello i'm back

Helloeveryone, i am back from my holidays and with it i have some more news, my blogging will change from now all, i'll be posting less frecuently but i'll be adding new graphics and technical analisys, this means i'll be giving information about US stocks (the most important only), some european, more pair of currency and world indexes, by doing all this analisys i'll try to post at the very best moment to trade. I hope this new system works and i'm free to read any comment or suggestiong to keep improving the blog, with no more to say i hope you have a nice trading day.

Thanks

Forex comentary

On todays session we can see, there's no much movement in the market, everyone is waiting to get the results of the stress test that are going to be announced by the end of the trading session. Markets are not moving much so here are a few pointers.

Silver is made a nice bullish rally helped by the bullish pin bar 3 days ago, it was helped with crossing moving averages, at the top of this rally we can see there is a bearish pin bar which is telling us a possible correction or turn is approaching.

Swiss franc is making historic lows nonstop, the currency is being trading in a channel foor the last 5 months, good trading opportunities in this channel for those who like to trade them.

Aussie dollar is trading on a lateral channel for the last 2 months with a swing of about 350 pips, bear in mind that the channel can break anytime, keep a close look at this market to spot some trading opportunities.

British pound is trading very similar to the euro, remember they are very well correlated, a clear downtrend domains the market, we want to see a bearish signal close to the trendline for a possible entrance to the trade.

Sugar has also made a bearish pin bar which is probably more a correction than a turn, target is at around 31.00, look for bullish set up to enter the market.

Thanks

Looking for the end.

Today we have another day with indecision in the market, it looks like fundamentals are going to take part in the last two trading days of the week, while in Europe debt crisis is still on goverments diary, US government is still looking for a solution for their debt problem, so all we can do now is wait for official numbers.

It looks like in the short term we can expect to reach the resistance at 1.4430, but to reach this area, we will have to see first the break of the EMA 8 and 21 with a strong signal. In other market news, gold made a historic max and silver rallied up yesterday, this is caused by all this indecision in the market which makes most investor to put their money on safe positions.

Thanks

Forex comentary

Debt crisis all over Europe has made the euro and most indexes accros the old continent to crash during yesterdays session, then the ECB had to take part during the session to give some stability to the markets by buying debt from Italy, all of this started last week when Moody´s lowered Portugal´s rating.

As we can see, a correction is due for todays sesion, for the euro to take some energy today, it will have to close at least above yesterdays high, thats to give some confidence to the markets, that would tell us that the next target will at 8 and 21 EMA, in contrary if it doesnt manage to do it, indecision will come back to the market and will probably trade without any clear trend until friday where the stress test become public.

Happy Trading

Forex comentary

Euro dropped yesterday breaking the 1.4000 support, still bad news coming from Italy which is making all major indexes in Europe to drop significantly, in other currencies, us dollar keeps on being "strong" and gaining some value against most major currencies.

Panic invaded the euro, its trading around the 1.3900 zone, if it keeps falling the target should be around the 1.3800 and below that, around 1.3430.

Note two more pages have been added to the blog as information services, will keep on posting more financial information.

Thanks

Forex comentary

Last week we could see how a single small candle like a spinning top helped a major turn for the euro, at the beginnning of the week we were talking about the possibilities of the currency to turn and confirm the downtrend, well as we can see the currency dropped to the 1.4125 zone and our strategy worked very well, first we spotted  the bearish signal (with the trend), then we had confirmation (where we should have entered), and then the crossing of moving averages (which helped the drop) gave some more bearish momentum. So far we have a drop of around 360 pips.

So the euro is attacking the 1.4125 support zone, lets remenber that a psicologic support at 1.4000 is very important. We want to see a big black candle today to confirm we are still in the downtrend, in contrary if a bullish signal shows up in our chart, we will wait for the next sesion to confirm or not the turn.

Thanks

Forex comentary

Yesterday the news about the ECB raising interest rates gave some value to the euro that closed yesterday near highs after massive falls during the day. 

As we can see a hammer formed yesterday during the sesion which means that we are close to a botton or near it, we will keep a close eye today at the 4H charts to try spot bullish patterns and hopefully we will see a close above yesterday highs to confirm the reversal pattern.

Soon i´ll have more information about candle patterns for those who want to know more (or interested), about the meanings of each candle.

Thanks

Forex comentary

Euro dropped yesterday massively for second day in a row, target around 1.4125 is what we expect in the short term, we should be cautious today as we will know the decisicion of the ECB about interest rates, which is expected to go up from 1.25 to 1.50 which means that the euro should get some value back (in theory).

Yesterday we had confirmation of the drop of the euro, a big black candle showed up crossing and breaking a small support and all M.A., in other currencies, USDCHF is still on this forever downtrend which is making new historic lows. Aussie dollar had a small correction the past sesions and is looking good to continue with the bulls.

Thanks

Forex comentary

Euro fell strongly yesterday after Moodys lowered Portugal debt to "garbage", what was supose to be a test of the support at around 1.4440 ended up in a broken support, today we will follow closely the market as all indicates that the euro is going to attack the support of 50 days MA. As i said in past post we had to be carefull as another retracement of the value would en up in confirming the downtrend, all of those who were on a long position, are probably losing money today as all stop losses are problably triggering and making the market more bearish.

What should we spect? well, we want the market to close on a strong bearish formation, a big black candle would confirm the down move, if the market closes with a reversal pattern, we will wait (as always) for confirmation. If the downtrend prevails our target will be around 1.4125, in contrary if we spot any signals of reversals the first target to attack would be around 1.4575.

Thanks

Forex comentary

The euro didnt do much yesterday forming an spinning top which brings uncertainty to the market, we are expecting a market correction and then another rally to target around the 1.4700 area, hopefully if this gets confirmed we will want to see some bullish candle set ups to get in the market. In contrary if support at 1.4440 gets broken we will wait for bearish confirmation.

The bullish rally its helped with the triple crossing of moving averages,  the uptrend is likely to keep on but we should be cautious in our market entry and place a stop loss in a safe area so you dont get too much leverage.

Thanks

Forex comentary

The euro keeps on with the uptrend, the news about the EU releasing the last bill for Greece's rescue, the amounts goes up to about 12000 million euros that will be paid on July 16th, meanwhile, Us government keeps on trying to get support from the democrats to avoid debt problems, its not looking good for the dollar.

Market tested the support around the zone of 1.4440 and its looking fine with crossing moving averages, target its around 1.4700 if the trendline is broken. In contrary if support is broken the downtrend will be confirmed and target would be around 1.4125

Thanks

Forex comentary

The euro has rose for the fourth day in a row fully energized due to all news about Greece's  parliament supporting the government to lead Greece out of disaster, the euro is now trading above the zone of 1.4440 and its attacking the trendline, we will expect to see down movement either to test the support or to keep going with the downtrend.

If the pair manages to stay above the new support we will expect to see it trying to attack the 1.4700 zone, on the other side if the pair doesnt stay above that level and breaks the support, we will keep a close eye for a bearish set up and analize to get in the trade.

Happy trading