Beware of potential bounce on the GBPUSD
Hitting the extension on the 240 chart at 1.5600 – Good day to go flat with NFP over. MINIMIZE your...
Read MoreAuthor: NULL
STSP Commentary 2/4/10
Hello Traders, The Euro has taken a beating today as more and more news hits the wires that several of the European Union member nations are having more severe fiscal issue. Before, it was just Greece in the news. Now,...
Read MoreEJ target is still 124.55
Nice follow through so far. Chart are showing perfect harmony to make the target. All indicators are showing momentum is sustainable down to the 124.55 ( S7) target. Watch for a bounce at the 125.00 and then a pierce...
Read More2 patterns on the AUDUSD
The Aussie December Trade Balance expected to come in down (2,400 M) came in better than expected at -2252M, with a prior month revision slightly lower. The AUD received a quick boost that has since subsided. We have conflicting...
Read MoreSTSP Commentary 2/2/10
Hello Traders, As the Euro is the most heavily traded currency against the USD in the USD Index, it is THE currency pair I focus most heavily each day as it helps point to the longer term direction of the Buck. This week, as...
Read MoreEURUSD at critical area 1.3950
This will be an important area for the rest of the week with NFP on Friday. We have had a nice pullback and should see sellers at this level. A breakout of the trendline would be a major deal and do not think that with NFP there...
Read MoreThis is what I see in the Forex starting the week of Jan 31, 2010
EURUSD, USDJPY, EURJPY -I do these three currency pairs because they represent a cross section of the market as a whole – all matching up to possible opportunities on Wild Card, 6 Aces and Royal Flushes...
Read MoreSTSP SMS Commentary
Next week, we’ll focus on the USDJPY as there appears to be a longer term reversal attempt from south to north in effect. If so, we have some nice targets to trade to. One was issued via the current SMS issue @...
Read MoreEURUSD still continues the journey next target 1.3849
So far we have hit every target – still bias to the downside and we are looking to take out the next target at 1.3849. A break of that could give us 1.3848, then 1.3731. See past posts. Watch for squaring up today.
Read MoreEURUSD still moving down
We got within 7 pips of our target from a previous post last night. Looking to take it our today and maybe break lower still. Our next target is 1.3849 if we get any continued...
Read MoreFree E-Book
TraderPlanet’s Quick Guide to Candlesticks
