Ichimoku Report June 1st
EURUSD – After a Week of Gains…Losses This is to be expected and par for the course. Who really wants to be long Euros at this point? The pair has been losing ground against a huge basket of currencies and although the news and sensationalism has quieted a bit due to the holidays, we do not think things will change anytime soon for them. Spain just got downgraded and none of the...
Read MoreIchimoku Report May 24th
EURUSD – Headed Back Towards the Lows? Bolstered by last weeks central bank intervention with the SNB selling francs and buying euros bolstered this pair and possibly beyond its means. After launching up 500pips from the lows of 1.2150 to 1.2650, the pair could not sustain those levels and started off this week gapping down and not filling the gap, only to sell off pretty much from the...
Read MoreChart of the Week May 24th
After forming a triple top over an 8 month period at the .9350-9400 level, the pair has sold off aggressively in the last two weeks shedding 10cents off the highs. Although in the short term it looks a tad oversold and supported on the intraday charts, the pair had a weekly close below the bottom of the Triple Top formation at .8573, the all important .8500 and the major base of support at .8466....
Read MoreDollar-Cost Averaging
I was recently reading some article on a very popular finance site whereby the person was talking about the stock market and today’s 376pt crash. They were saying how it is not good for buy-and-hold investors, but it is good if you are dollar-cost-averaging. The funny thing is this term is totally misunderstood in context, history and is really used by rookies. You will never see a...
Read MoreIchimoku Report May 18th
EURUSD – Has some work to do After getting hammered for the last two weeks shedding over 9 cents, the pair has started the week optimistic forming a rejection shy of the all important lows at 1.2328 which is the low of the 2008 drop all the way from 1.6000. If the pair can manage some more gains and close with a similar formation than it has now, it might inspire some bravado from the...
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