Euro resting liquidity chart is usually very noisy in the futures. Futures volume accounts for rather low percentage of all Euros traded worldwide. Order flow is not as good in this product. I prefer to look for larger layers of laying liquidity that are posted away from the market and persist for longer amount of…
Category: Currencies
Forex trading discussion
THE Dollar Bottom
UPDATE: WRONG by 0.005 ————————- From useless-guess-for-future-i-told-you-so purposes department. Calling the low from this morning THE low for the king … errr prince dollar …. Cheers p.s.
Precious, X-King and SP
Hey Traders, Dollar put in some new lows today coming within a dime of the bottom of the channel posted in last night’s update. Here are short term levels to watch to possibly start building bullish case: Both short dollar and long gold trades seem overcrowded, but not sure if its wise to chase either…
Euro, Dollar and Gold
Hey Traders, Lets take a long at whats going on with x-King Dollar, Euro and the oh-so-precious metal. Firstly, Dollar has been trading in the channel, and yesterday, after another round of rumors about replacement reserve currency, this time from UN , had made a new yearly low. It has also reached some very oversold…
Dollar, Gold and Euro
Hey Traders, While gold and currencies remain great scalping instruments, there haven’t really been many developments longer term picture wise. Firstly, the dollar, the following three trendlines on hourly chart seem to be very much respected over the past several weeks: break above higlighted resistance level would like take DX to the top of the…
No Technical Damage Done
Hey Traders, no technical developments today, choppy boring day, support levels remain the same as yesterday, see previous post. As far as intraday levels and internals will be posting them in the chat as well as twitter @esecfutures Cheers Vlad
Weekly Market Analysis
Hey Traders, After once-in-a-decade July lift off and continued momentum push through August, capped off by last week’s opex shakeout with a push to new highs, markets are now in the ignore zone, where good/bad news, earnings, currency events simply do not matter in the face of momentum and performance chasing funds. For a month…
EURUSD Support and Resistance Update
Hey Traders, if you haven’t had a chance yet, check out previous Dollar Analysis post levels on which will obviously be crucial as to how Euro plays out. Here are major s/r levels on the daily chart, pretty self explanatory, with red line being 50ema which kept euro in check today: here is hourly chart…
Dollar Resistance Levels
Hey Traders, while some people are calling for reversal in the dollar, lets take a look at key levels: Last week there were only 3% Dollar bulls, so sentiment was certainly at a very rare extreme. Today dollar put in a slightly higher high, next level to watch will be 50ema (red line), which also…
Bob Prechter’s 10-Page Market Letter
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