Author: Ryan Best

For some reason this morning the market has taken to hating the EURO again. Though I have not had time to read the news yet, I suspect it has to do with Goldman Sachs helping the Greek government… Great week of trading...

It’s nice when you go on a run of great analysis. In yesterday’s post I mentioned that the pair was likely to head higher and the 1.3750 area was a likely target. This pull back is nowhere near a… Great week...

I will be maintaining my EURUSD short positions for the time being. Last week’s break of 1.3585 that set a new yearly low at 1.3531 keeps me optimistic about further losses. I t would be great to see… Great week of...

I mentioned in yesterdays post that I expected price to rise towards the 1.3750 area and that a short trade with a stop above 1.3800 would be prudent. That exact trade played out overnight. My… Great week of trading...

I would love to see the pair rise to the 1.3735/50 in the next few hours. I would strongly consider adding a short position at that point. As far as the Greece thing goes, I think anything short of… Great week of trading...

Ok, let’s hear from everyone that took small long positions last night on the break towards 1.3750. The target was reached in early US trade and after a messy beginning the pair took the target out… Great week of...

The EURUSD is finding balance after a big fall last week. In the last post I mentioned this level as a stopping point for this move lower. You can see in the image below that the pair is highly… Great week of trading...

The Euro was sold heavily this morning on news out of Lithuania and concern the Greece problem was spreading. This will have very little to do with my trading as I don’t trade news but the move… Great week of...

In today’s forex chart analysis I am looking at trading the descending channel seen on the EURUSD hourly chart. The channel has been broken once last week but for the most part has held up rather… Great week of...

I have been watching the GBPJPY to see if we will get a rise to the top side downward sloping trend line. The lower red trend line is rather new, so I put more stock in the top line. The lower green… Great week of trading...