#Forex – Back to the All-Time Lows for the EURCHF?
After pretty much doing what we said it would last week bouncing to the 20ema and the look for sells after the price touches it, the pair sold off after retracing and rejecting off the 20ema and 50% fib of the last major down-move. The pair did not dis-appoint as it sold off 233pips from high to low and was selling from market open with not even a wink higher communicating the selling pressure...
Read MoreForex Trade Setups and Signals July 26th, 2011
EURCHF – Doesn’t Disappoint As the EURCHF started last week with a gap down, continuing with the long-standing trend, things were looking to continue as is. Then on Monday’s trading last week, the pair got really aggressive and climbed 4 of the next 5 days and added 400+pips which was impressive to say the least. The question then came to mind which was ‘what would...
Read MoreEURCHF Bounces Strongly After a Gap Down. A Real Bottom?
For the latter part of 2011, the CHF has been beating up any currency inside the G8 and taking absolutely no prisoners. Just look at these facts; -All time low printed in the last month for EURCHF -All time low printed against GBP in last 30 days -Clocked in an all time low against the USD (well – maybe this is not that special since even the Uruguayan Peso is gaining against the USD....
Read MoreForex Trading Setups and Signals July 13th
EURUSD – Has work to do As predicted in our webinar yesterday on Price Action Trading, we commented on how we thought the EU would gain short term and likely make its way up to the 20ema on the 4hr chart or 1.4100. This is exactly what happened but how its reacted to 1.4100 is interesting. The initial bounce off 1.4100 was decent and worthy of notice shedding 60+pips in a matter of a...
Read MoreGBPCHF Kijun Rejection Played Out Perfectly. Now what?
As we wrote in a previous post about the Sterling-Swiss; “From here, should it bounce back, expect the 20ema and Kijun to hold the lines. In fact, if you are looking for a pullback entry, you could use either with the stops just above the red-line and then target the last major swing low for a great R:R trade.” This is exactly what happened with the GBPCHF as it got within 6pips of...
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