Archive for July, 2011

EUR/USD – Another strong bullish movement!

July 14 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
Referring to the above daily chart, I have noticed that the market bounced back upwards after hitting the strong orange support line. That was more than 200pips at the time of this writing. The earlier bearish movement was caused by the EU news after Italy’s debt crisis was announced. However as it looks like... Read more

EUR/USD – Profits taken!

July 12 | Posted by yeijen | Forex Trading Analysis and News, Forex Trading Report

Daily Chart
The buy entry order at 1.45000 was triggered last night and the market bounced back to estimated 1.40630 and therefore triggered the limit profit set at 1.40300 with a profit of +30pips. Will continue to watch out for opportunities! ... Read more

EUR/USD – Entry Order

July 11 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
An entry order for “buy”has been placed at 1.40000. A possible bounce back is highly at this area as strong support was shown around this area previously. Buy Order – 1.40000 Limit Profit – 30pips Stop Loss – 30pips. ... Read more

EUR/USD – Strong bearish!

July 11 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
I was away for a while after my last post dated 4th July 2011 and this pair has plunged downwards to 1.41800 area. As mentioned previously, the market has broken the 1.45000 and went up for another approximate 70pips before it all came down. However no order had been placed and let’s monitor the... Read more

EUR/USD – Resistance at 1.45000 broken.

July 4 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
Referring to my previous post, it has mentioned that the resistance at 1.45000 would eventually broken as this is the 2nd time it tried to break it. The crossing over the 1.45000 may not be significant at the moment. But the MACD is showing of an uptrend now. Hence, much monitoring would be needed. Will... Read more

EUR/USD – Updates

July 3 | Posted by yeijen | Forex Trading Analysis and News

Daily Chart
This pair just barely crossed the resistance at 1.45000. As mentioned in our previous post, this pair could be going upwards as per indicated by the MACD. However, it is still unsure as the market still hangs around this area till further indication. Will continue to monitor. ... Read more