Posts filed under ‘eur/gbp’

The need to Automate

thinking…

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November 10, 2011 at 6:29 am Leave a comment

Euro/GBP Daily chart April 15, 2009

Ready for a rebound. Caveat.

eurogbp-daily-41509

April 15, 2009 at 5:02 am Leave a comment

Euro/GBP Daily Chart 01/27/09

eurgbp12709

January 27, 2009 at 6:06 am Leave a comment

Forex Activity for this week

I may refrain myself trading forex today or for the rest of the week. I may trade on a limited time window depending on my available time. i don’t feel comfortable looking at the charts for most majors. i got mixed signals, suggesting this week’s forex activity will be demoninated by emotional spikes and extreme volatility. I love trading the volatility but if i the charts doesnt give me a clue to its direction, i rather play it safe.

below is the aud/nz daily chart. this is indicator i use to determine the overall psychological perspective of the market and the behavior of the dollar. Last jan 9 (e.t. time) it turned bearish. usually this is a lead indicator (few days to a week) that something extreme may happen.

audnz011209

Here’s another mixed signal to the overall picture. EUR/USD daily made a bullish divergence few days back, that is price within the bollinger band yet rsi is below 50. It made a nice rebound after which. On jan 9 though it made another bullish divergence yet failed to mimic its previous signal. As of this writing, the pair is in the edge of a trend reversal.

eurousd11209

EUR/GBP

This one turned into a full blown parabolic burst with target of 0.82. However, the band is a little bit wide and the rsi is in a support level, it may bounce back inside the band yet the trend is now negative for the euro against the pound. A long euro/gbp may be considered though if the rsi held back from its support level, comparable to what happened last oct.31.

eurgbp11209

Here’s the chart of GBP/USD.

Promising but fragile.

gbpusd11209

USD/Yen

usdyen0112091

caveat

January 12, 2009 at 6:05 am Leave a comment

eur/gbp 1/07/09

eurgbp10709

January 7, 2009 at 6:14 am Leave a comment


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