During the the last week or so, number of possible trades have been outlined here. Most of them were using little longer, intermediate term charts, namely the 4H graphs. That is what I consider “intermediate term”, but this definition simply reflects my trade selection horizon. For somebody else this term could describe daily charts. In principle, [...]

Very interesting couple of days in currency trading. Even though the Euro, supposed culprit in behind recent market moves, has been recovering, other currencies just kept on falling. To not to mention the stock market. Commodity currencies have been getting clobbered, especially the Australian Dollar, with biggest losses coming against the Yen. The JPY is [...]

After finding some footing yesterday, the Euro fell once more, all the way to 1.2150 or so. This is the lowest level in four years, and, apparently EUR dragged many other currencies for a ride with it. Again, the Yen and the Dollar where the beneficiaries. Especially JPY. For the Euro, important support at around [...]