As far as the zone, I just threw that up there. However, in general I think the EUR is WAY WAY WAY undervalued at the moment. Take a look at 1.15 on your longer-term charts. I think that is a major breakout when it happens. Also, I like the ...

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Is the EUR/USD pair getting ready to bounce? Probably.....the buyers have been tenacious. 4 hour chart: image

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Meanwhile......GBP/CHF looks completely different. We have broken out of a significant rectangle. image

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Further update on the GBP..... Below is the GBP/USD pair. I think that as long as we can hold 1.57, things should still be good. However, I am not willing to sell until we get below the 1.55 level as marked on the chart. Looking at the way the ...

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Trade I will be initiating today in my longer-term account: EWI It is an ETF that follows Italy, and the MIB Index. please keep in mind that this is a "buy and hold" trade. I will being holding onto this for at least a year, and probably several. I ...

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The above post was in reference to the concerns about going long the EUR.....oops. Sorry, its been a minute. :-)

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I know exactly what you mean. But I will be honest here: I have been burned more than once by trying to think the Euro will go down for any real length of time. However, you bring up a great point in the sense that we shouldn't be leveraging the EUR ...

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Continuing with the last post, I think this will possibly lead to several things happening..... The WTI Crude Oil markets will go much higher. I think they are trying to break it out anyway, and this would be the excuse we have needed. The US Stock ...

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So it appears that the GBP is breaking out after all. This is now one of my favorite currencies, as I see it doing quite well against most other currencies in the world. GBP/JPY, GBP/AUD, etc.......love owning the Pound. With that being said, ...

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If we can close about 30 pips or more above 1.58, I will be buying this pair: GBP/USD. I already had my people buying GBP/AUD yesterday..... image

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At the end of the day, most currencies move in massive ranges that last years......the USD/SEK isn't going to be any different. The real question is whether or not you can handle the volatility, and be patient enough. THAT is why the larger funds ...

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With those AUD trades, I like the idea of shorting as it goes with the longer-term trend. I personally only trade counter trend about a handful of times in a year. I see why you did the trade based upon a bounce, but in general I don't do it. The ...

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USD/SEK.... Here is one I am watching at the moment, the US Dollar / Swedish Krona pair. I think that there are a lot of things worth noticing at the moment. The uptrend line has been broken on the daily chart, and the 8.15 support level has been ...

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Sorry mate, I meant to reply to this previously, but with full time school, full time work, and no raising my two boys a majority of the time on my own.....time is a precious commodity. Anyway, I find that the more I trade, the less I trade if that ...

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I think you are right about stock markets. I also agree on oil. However, as far as gold is concerned, I think that it will as well. It is going to have to finally break above the $1220 level (or so - from memory) in order to go higher. I am thinking ...

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Watching 10 year notes. Seems demand is dropping for US bonds. This can lead to a lack of demand for the Dollar. This can translate into the Forex markets as well.... Looking at the Forex markets, I think we are about to see a corresponding move in ...

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With it being Friday.....we didn't get that move higher that could have sent buyers into the market. We will see this coming week.

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With the Canadian GDP shrinking today....this could be a good set up waiting to happen: image

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