In my analysis, the Euro could further [Read more...]
The Euro vs US Dollar (EUR/USD) Weekly Outlook (October 10-15, 2011)
Opportunity To Short The British Pound Against The Japanese Yen
Hello FX friends! It’s been a while since my last forex trade. But don’t worry since I already have a [Read more...]
New All-Time High Likely For The Swiss Franc
Hey guys! I’ve been away for several days now for a business trip in the Asia-Pacific but I’m back in the Forex front! So in today’s feature, I present to you the USDCHF pair. [Read more...]
Earthquake And Tsunami Jolted The Japanese Yen
Last Friday, an 8.9 magnitude shocked the northeast coast in Japan which generated a gigantic tsunami that swept cities and killed thousands. We, at LaidTrades.com, offer our prayers to Japan especially those who are gravely affected by the disaster. [Read more...]
Bullish Setup In The Aussie Dollar (AUD/USD)!
Welcome to another day of forex trading my friends! My pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD) or the “Aussie” as many would call it. As you can see, [Read more...]
USD/CHF On The Verge Of Breaking Down
Hello everybody! My forex pick for the day is the the US dollar (USD) versus the Swiss Franc (CHF) currency pair. As you can see, there could be 2-month [Read more...]
Is USD/JPY’s Rally Over?
After hitting a low of 81.08 last February 4, the USD/JPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day. [Read more...]
The Aussie (AUD/USD) Setup In The 1-Hour Chart
Hello traders! My forex pick for the day is the [Read more...]
Euro Versus The US Dollar (EUR/USD) Could Drop Further
The Euro dropped almost 300 pips from 1.3859 to 1.3543 against the US dollar last week when European Central Bank President Jean-Claude Trichet said [Read more...]
Violent Clashes In Egypt Rocked The Dow And The Euro
The US stock market dropped sharply last Friday as violent clashes in Egypt rocked the global financial markets. [Read more...]
Weakness Seen In The US Dollar
Much attention was given to the stock market for the past couple of weeks. Today, however, I’d like to divert your minds for a while towards the almighty US dollar. [Read more...]
Easy 100 Pips In The Euro Against The US Dollar!
Good day forexers! In my technical analysis, there could be a symmetrical triangle forming in the [Read more...]
New Zealand Dollar Looking To Revisit Its All-Time High Against The Greenback
The New Zealand dollar versus the US dollar (NZD/USD) is currently at 0.7770. In simple terms, 0.7770 USD is equal to 1.00 NZD. [Read more...]
The Australian Dollar At A New All-time High!
The holiday season must have really great for those who are long on the Australian. The month of November was not particularly well since the AUDUSD pair has slid by 640 pips after marking a historical high at 1.0183 and [Read more...]
The New Zealand Dollar (Kiwi) Breaks Down!
Happy Holiday’s FX friends! Hope your trades are giving you dividends especially these days. Anyway, those who are long on the New Zealand dollar or the Kiwi as what investors call it in the street, should start thinking about lightening your positions. Why? Well, if you look at its daily chart, you will see that it has recently broken down from a head and shoulders pattern. In the process, it has also breached its uptrend line. As some of you might know, a break down from such pattern signals a bearish reversal. So if the NZDUSD pair fails to go over the formation’s neckline at 0.7400, it could fall all the way down to just above 0.6800 (computed by projecting the height of the pattern from the point of break down). On the flip side, a successful move above 0.7400 could send the pair at least back in sideways motion. [Read more...]
Bullishness Seen In The Aussie!
Hello guys! Welcome to another day of forex trading. My forex pick for the day is an update on the Australian dollar against the US dollar currency pair (AUDUSD) or as some may call it “Aussie”. During my last post on this (kindly check here), I mentioned it could head north once again after a possible rebound from its 7-month trend line seen in the daily chart. Gladly, as the AUDUSD touched the trend, [Read more...]
The New Zealand Dollar To Drop Against the US Dollar?
Hi guys, my forex pick is the NZDUSD pair (New Zealand dollar vs US dollar) or “kiwi” as some may call it. This currency had been going up since May of this year but after making a 2-year high of 0.7976 last November, it started dropping. Right now, I’m bearish on this currency pair as it could break down from a head and shoulders formation in the daily chart with the neckline at [Read more...]
The Aussie Could Head North Once Again
Hey guys, here’s my technical analysis update on the Australian dollar against the US dollar (AUD/USD) or the “Aussie” as some people call it. The Australian and US dollar were at par last month (kindly check this) then an all-time high of 1.0183 was made on November 5. However, the Aussie started declining by a thousand pips to an 8-week low of 0.9584 because of the Ireland banking crisis then followed up by the potential North-South Korea war last week. Fortunately for [Read more...]
EURO Still On An Uptrend Against The US Dollar
Hello traders from all parts of the world! My forex pick for the day is the EURUSD pair or “fiber” as many would call it. As you can see, the Euro has been strong against the greenback since it broke out from the cup and handle formation last September (kindly check here). Afterwards, a bullish symmetrical triangle formed, broke out to follow through the upward momentum and reach the 1.4282 9-month high last November 4 (kindly see it here). However, the Euro now sank against the US Dollar dropping by a thousand pips since the beginning of this Month. Key factors highly involved in demoting the pair’s value include the [Read more...]
The Geppy’s Bearish Setup
Hello forex friends! What I have here is the daily chart of the British Pound versus the Japanese Yen (GBP/JPY) or Geppy as its nickname). In my technical analysis, this currency pair is leaning towards the bearish side as it has been declining in a downward channel for a certain time now. Furthermore, there is a descending triangle formation setting up inside the channel and could be bound for a breakdown soon. If the Geppy breaks below the support of the said triangle, the pair could duck dive and tap my conservative target price of 120.00. If it further drops below 120.00, the next marker could be the downward channel’s support. On the bullish note, if the descending triangle seen on the Pound versus the Yen fails to breakdown but instead breaks out on the upside, it could rise and hit my target price of 140.00. This however is less likely to happen as the pattern is coming from a downtrend and descending triangles are naturally bearish. In any case 140.00 gets cleared out, the next resistance could be 145.00.
