Good morning everyone,
Again market proved me wrong. Yesterday, six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to ease Europe’s sovereign-debt crisis.
I personally felt that this is just a temporary boost to the eurusd. 1 reason is that this move is just going to increase the debts of Europe. If such is the case, they are very similar to US with so much debts. They will also wish to keep their currency low.
So I reckon that eurusd will form consolidation again at this current bottom. 1.3210 - 1.3530. Good to pick short around 1.3480 - 1.3500 with SL just slightly above 1.3530. Target exit is around 1.3280.
Eurusd update - 29 Nov 2011 Tues
Good morning everyone,
I still holding long views until 1.3350 - 1.3400. However there was no trade done yesterday for me. I will find top to sell. Now I just seat on the sideline and wait.
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Eurusd update - 28 Nov 2011 Mon
Good morning everyone,
Eurusd hit our exit on Friday. Got some good profit.
This week, I am looking at eurusd to turn up.
I favour picking long around 1.3250. SL around 1.3200. 1st target around 1.3350 - 1.3400.
Eurusd hit our exit on Friday. Got some good profit.
This week, I am looking at eurusd to turn up.
I favour picking long around 1.3250. SL around 1.3200. 1st target around 1.3350 - 1.3400.
Eurusd update - 25 Nov 2011 Fri
Hello everyone,
Yesterday the trade was on the dot.
Shift the SL to entry level and just let the market hit your exit target at 1.3250.
I strongly believe today will be quite a sideway market.
Happy trading!
Yesterday the trade was on the dot.
Shift the SL to entry level and just let the market hit your exit target at 1.3250.
I strongly believe today will be quite a sideway market.
Happy trading!
Eurusd update - 24 Nov 2011 Thu
Good morning everyone,
My view is right yesterday but eurusd is a bit short at the top on reaching my entry level.
Today, I hold a short view but I wish to caution everyone. At 5pm SG time, there is a report on Germany business confidence.
Eurusd may swing a bit. I reckon that it is good to pick short around 1.3400 with SL around 35 pips. Target exit is around 1.3250.
Be on alert when eurusd reach 1.3460, I don't expect eurusd to hit this top. However there is a possibility too. If it really reach this top, good to look out for reversal to short today before US market comes in.
My view is right yesterday but eurusd is a bit short at the top on reaching my entry level.
Today, I hold a short view but I wish to caution everyone. At 5pm SG time, there is a report on Germany business confidence.
Eurusd may swing a bit. I reckon that it is good to pick short around 1.3400 with SL around 35 pips. Target exit is around 1.3250.
Be on alert when eurusd reach 1.3460, I don't expect eurusd to hit this top. However there is a possibility too. If it really reach this top, good to look out for reversal to short today before US market comes in.
Eurusd update - 23 Nov 2011 Wed
Sorry guys
I keep falling sick lately. Don't really know if it is the weather. Pardon me for this.
Right now, eurusd is consolidating within EMA 200 in the 30mins timeframe.
Anyway, I favour picking short when eurusd retrace to 1.3550. SL around 25 pips. Breaking below 1.3420 will be our confirmation of eurusd going down further.
However, breaking above 1.3570 may be a sign of eurusd turning up, so be cautious of this resistance level.
I keep falling sick lately. Don't really know if it is the weather. Pardon me for this.
Right now, eurusd is consolidating within EMA 200 in the 30mins timeframe.
Anyway, I favour picking short when eurusd retrace to 1.3550. SL around 25 pips. Breaking below 1.3420 will be our confirmation of eurusd going down further.
However, breaking above 1.3570 may be a sign of eurusd turning up, so be cautious of this resistance level.
Eurusd update - 18 Nov 2011 Fri
Good morning everyone,
Eurusd is forming a flag right now and looks prone to climb higher.
Good to pick long if eurusd breaks above 1.3540 and stay above it. With SL around 50 pips. Target exit is around 1.3700.
However, abandon long views and turn short if eurusd breaks below support at 1.3420.
Eurusd is forming a flag right now and looks prone to climb higher.
Good to pick long if eurusd breaks above 1.3540 and stay above it. With SL around 50 pips. Target exit is around 1.3700.
However, abandon long views and turn short if eurusd breaks below support at 1.3420.
Eurusd update - 17 Nov 2011 Thurs
Good morning,
Eurusd will likely continue to drop further today.
Good to pick short around 1.3475 - 1.3485. SL around 50 pips. Target exit is around 1.3330 - 1.3350.
Eurusd will likely continue to drop further today.
Good to pick short around 1.3475 - 1.3485. SL around 50 pips. Target exit is around 1.3330 - 1.3350.
Eurusd update - 16 Nov 2011 Wed
Good morning,
Eurusd broke support level at 1.3480. I expect eurusd to do a retracement upwards first before breaking but it broke down first.
Right now I am looking at support levels at 1.3350 and 1.3150.
And immediate resistance now at 1.3480.
So I am staying out and waiting for new opportunities.
Eurusd broke support level at 1.3480. I expect eurusd to do a retracement upwards first before breaking but it broke down first.
Right now I am looking at support levels at 1.3350 and 1.3150.
And immediate resistance now at 1.3480.
So I am staying out and waiting for new opportunities.
Eurusd update - 15 Nov 2011 tues
Good morning
Sorry was down with a bad cold yesterday.
I think probably because of weather change. Singapore have been raining everyday for almost 2 weeks.
Anyway I favor picking around 1.3580 region. SL around 50 pips. Exit around 1.3700.
Sorry was down with a bad cold yesterday.
I think probably because of weather change. Singapore have been raining everyday for almost 2 weeks.
Anyway I favor picking around 1.3580 region. SL around 50 pips. Exit around 1.3700.
Eurusd update - 11 Nov 2011 Fri
Good morning everyone,
People asked me if it is difficult to trade right now. I said yes very difficult. Especially now where markets are do sensitive to fundamentals.
Eurusd again showed confusing trend. If it climbs above 1.3680 and stay well above this level, we are looking at eurusd to turn up. This is a good resistance level. If eurusd forms a reversal at this resistance level, good to pick short.
However, to confirm the downtrend, it must break below yesterday low 1.3480 and stay well below it.
Therefore, good to go for short trade, getting out with good profits.
I still favor shorting at the moment.
People asked me if it is difficult to trade right now. I said yes very difficult. Especially now where markets are do sensitive to fundamentals.
Eurusd again showed confusing trend. If it climbs above 1.3680 and stay well above this level, we are looking at eurusd to turn up. This is a good resistance level. If eurusd forms a reversal at this resistance level, good to pick short.
However, to confirm the downtrend, it must break below yesterday low 1.3480 and stay well below it.
Therefore, good to go for short trade, getting out with good profits.
I still favor shorting at the moment.
Eurusd update - 10 Nov 2011 Thurs
Good day,
Another fundamental news that drive eurusd down.
Right now, eurusd will go for another day drop. 1st resistance that eurusd may test is 1.3600. Good to pick short around that level. Or good to short if it breaks below yesterday low again at 1.3520.
Another fundamental news that drive eurusd down.
Right now, eurusd will go for another day drop. 1st resistance that eurusd may test is 1.3600. Good to pick short around that level. Or good to short if it breaks below yesterday low again at 1.3520.
Eurusd update - 9 Nov 2011 Wed
Today, I expect eurusd to retrace back to 1.3780. Resistance level is still strong round 1.3855.
I favor picking long around 1.3780 with SL around 50 pips. Target exit remains.
I favor picking long around 1.3780 with SL around 50 pips. Target exit remains.
Eurusd update - 8 Nov 2011 Tues
Good afternoon,
Sorry for the late update. Anyway my view is unchanged. Still holding yesterday view.
Happy Trading!!
Sorry for the late update. Anyway my view is unchanged. Still holding yesterday view.
Happy Trading!!
Eurusd update - 7 Nov 2011 Mon
Good morning,
I am back. Took some time studying the chart.
I expect eurusd to climb up to 1.3950 regions.
On the bottom, eurusd should reach 1.3710 - 1.3740.
I favor picking long around 1.3730, SL below 1.3700. Target exit is around 1.3950.
2 things to note if eurusd breaks 1.3700, abandon this long view. If view correct, eurusd may go higher, this will be evaluated as we move on.
I am back. Took some time studying the chart.
I expect eurusd to climb up to 1.3950 regions.
On the bottom, eurusd should reach 1.3710 - 1.3740.
I favor picking long around 1.3730, SL below 1.3700. Target exit is around 1.3950.
2 things to note if eurusd breaks 1.3700, abandon this long view. If view correct, eurusd may go higher, this will be evaluated as we move on.
Notice
Hello everyone
I am currently engaged in some things. That was why I wasnt online and looking at market and giving updates.
Pardon me for not informing everyone and I sincerely apologise.
I will be back again next week from 6th Nov.
Anyway, last month was a bad month.
I am currently engaged in some things. That was why I wasnt online and looking at market and giving updates.
Pardon me for not informing everyone and I sincerely apologise.
I will be back again next week from 6th Nov.
Anyway, last month was a bad month.
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