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Forex Commentaries

Showing Posts 1 - 5 out of 5 found.

I Don’t Have Anything To Say About The Market Today

I Don’t Have Anything To Say About The Market Today

Every work day, I read the news, watch the market, write what I write, and I generally do it with a dispassionate, objective view. Some days, though, my dispassionate view is challenged, but I get past it. Other days, such as yesterday, I read about an action so cold, I cannot put my compassion away; I cannot look the other way. My objectivity goes out the window and I just want to scream....

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Watch Falling Wedge in Euro Futures

Watch Falling Wedge in Euro Futures

The euro has been clobbered since May as the crowd positioned for economic weakness in the European Union, along with strength in the U.S. and the higher interest rates that will eventually come. I don't see anything in the headlines to suggest that story has changed. But short euro has been a crowded trade, and selling pressure has eased since the beginning of October. Be on the lookout for...

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Violation of Aussie Support Favors More Downside

Violation of Aussie Support Favors More Downside

The value of the Aussie dollar to the greenback is breaching a key chart support level this week. Concurrently, momentum is showing a bearish signal. Together, these conditions place odds on deeper losses to come. As the chart below shows, the Aussie has struggled with support at 0.866 - derived from the January low - since October. Price is falling below that threshold this week after three...

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US-Dollar Index Approaching Key Resistance

US-Dollar Index Approaching Key Resistance

The US-Dollar Index has surged over the past several weeks because the US Dollar has appreciated against most of the other major global currencies.  The US-Dollar Index is a basket of the six major world currencies, which are weighted against the US Dollar.  The monthly continuation chart of the US-Dollar Index below shows that price action has been in an uptrend for the better part of the...

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Trading Psychology: Stay Calm When The Fastballs Fly

Trading Psychology: Stay Calm When The Fastballs Fly

A client of mine sent me a bio yesterday on Rod Dedeaux, who was the baseball coach for USC for 45 seasons. Dedeaux was a legendary leader, chalking up more national titles and wins (1332) than any other coach of his day. 200 of his players went on to play professional ball. Dedeaux neither lost his temper nor disrespected or denigrated anyone. He cultivated the ability to befriend,...

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