June 2009 Archives - 2nd Skies Forex

Market Research June 9th

Posted on Jun 9, 2009 in Weekly Signals | 0 comments

Market Analysis June 9th 2009 EURUSD Anyone who doubts the power of the 20EMA, consider this, the EURUSD, GBPUSD, AUDUSD and USDCAD all touched the 20EMA on the daily charts, all bounced/rejected off of it, and none closed above it. The smallest rejection from it has been roughly 150pips so the pair is definitely respecting it. Although we wanted a close below it to start a nice round of...

Weekly Market Research June 1st

Posted on Jun 1, 2009 in Weekly Signals | 0 comments

Market Analysis June 1st 2009 EURUSD Swinging here and there, this pair is skipping the B-Line and heading upward in small waves. It suggests decent confidence but nothing overwhelming. Thus, instead of buying breaks or closes, we suggest waiting for the general expression to come in line which is wait for a pull back to the Tenkan (white line) while placing stops below the 20EMA. You could...