Archive for July, 2009
Euro Bullish But Nearing All-Year Resistance !!
By Marek W. Stupka | July 22, 2009
With rising equities and renewed risk appetite there’s clear evidence for the EURUSD to head north. In any case, however, note that the pair is now nearing its important all-year Resistance which implies cautiousness when it comes to being overly euro optimistic…
Investors’ risk appetite is on the rise again, as mentioned in my last blog post. Note that, technically speaking, the referential FOREX pair is now evidently positioned in the long-term rising channel (red) and has just broken its mid-term Resistance cap (green). On the Fibonacci front, the pair has recently crossed above the 76.40% of the preceding big downmove which translates to 1.4183 in the EURUSD price. In addition, the latest MACDH Convergence Scenario only confirms this mid-term bullish trend…
Note also, however, that the most eyed FOREX pair is getting near the all-year Resistance of 1.4337. This is a very important psychological level and will very likely result in a renewed fighting between bulls and bears in the days and weeks to follow.
As for my preferred outlook, watch out for EURUSD to cross substantially above the all-year Resistance. Once this happens, the pair is very well positioned to “ALEXANDER skyrocket” all the way to 1.4500, or even to 1.4700 (major price peak from December 2008). Once, however, the pair gets range-bound under the umbrella of 1.4337, apply the SHER-LOCK trading type.
Remember to have all of your trades confirmed in line with the rules.
At Gepard Investments, Inc., we have special trading strategies (or better yet, we like to call them Trading Systems) for every market phase. When trading gets range-bound, we apply the second of the four types of the so called CONFIRMATOR Trading System named THE SHERLOCK Market Personality. Once a substantial breakout occurs on any of the long-term time scales, we deploy the so-called ALEXANDER Market Personality of this system. We also have other 2 back-tested trading systems at our disposal, covering trading on longer and shorter time scales. In addition, there is quite a number of the most recommended and conservative trading strategies used by professional trading houses and hedge funds. The point of the 1-on-1 Training is to guide a trader to develop his own trading plan following or slightly modifying one of the proven trading methods, respecting his or her own personality and trading style.
Feel free to send me an email if you have any questions about joining the community of GEPARD traders and participating in the 1-on-1 Training.
Topics: FOREX Trading Analysis | 2 Comments »
Corporate Harvest Drives the Recovery !!
By Marek W. Stupka | July 16, 2009
Across the boards of the major financial instruments we see clear evidence of stabilization and bottoming out. The latest recovery driver? QII financial harvest of the biggest American corporations and banks..
Positive surprises on the earnings front are already boosting markets. Here are some examples: Intel reported results that surpassed expectations and also gave a forecast for current-quarter revenue that beat analysts’ estimates. Its stock surged 7.4 percent to $18.08 in extended trade. Jump in profit from Goldman Sachs forced the major stock indexes to climb already earlier more than 2 percent in anticipation of strong bank results. CSX Corp’s and Johnson & Johnson results also surpassed expectations.
JPMorgan reported record revenues in the second quarter as well as soaring investment banking fees drove profits in spite of swelling loan losses. The bank’s earnings beat analysts’ most bullish expectations, jumping 36 per cent and producing net income of $2.7bn, or 28 cents a share. Revenues climbed by 41 per cent in the quarter to a record $27.7bn.
Positive news like the above serve as catalysts of market sentiment and we are beginning to see investors’ risk appetite to slowly unleash again. Therefore, in the light of the above, we at Gepard Investments, Inc. prefer trading along with the euro bulls at the moment. This renewed euro-strength sentiment is also backed by the 1d and 4h EURUSD analysis which I am about to publish in my next technical post.
Topics: News From Wall Street | No Comments »
EURUSD Triangle Range. Sure. Forecasted.
By Marek W. Stupka | July 1, 2009
In my last blog post I wrote: “Do you see the thick green lines in the chart? Right now, these are the Support and Resistance lines in-between which the pair is likely to trade in the following days.”. OK, guess what happened since I published my last simplified EURUSD analysis..?
The pair has been range-bound in between the thick green triangle for several days and even weeks now, and is gathering momentum for a breakout. For those of you who have not been using any of my strategies for range trading and are awaiting the breakout: Watch out for it in the days to come! When this happens, the movement might be fast and the volatility high. Ideal train to step aboard and make solid amount of cash in line with the rules. For determining the right time and direction of the breakout, please follow the rules of any of the proven intraday trading strategies, e.g. the one that is exploited in The CONFIRMATOR TS….
Note also that the pair has been moving not only in the range defined by the thick green trend lines forming a triangle but lately also in-between the 61.8% and 76.4% fibbles capping the preceding substantial price move - just in line with the rules for Fibonacci retracements.
Pay heed to these two S/R levels when positioning yourself for your next trade. Once one of these lines is successfully crossed above or below, the trading opportunity will be there. Of course, always confirm such an opportunity via a set of more sophisticated technical tools and strategies, in accord with the training materials.
At Gepard Investments, Inc., we have special trading strategies (or better yet, we like to call them Trading Systems) for every market phase. When trading gets range-bound, we apply the second of the four types of the so called CONFIRMATOR Trading System named THE SHERLOCK Market Personality. Once a substantial breakout occurs on any of the long-term time scales, we deploy the so-called ALEXANDER Market Personality of this system. We also have other 2 back-tested trading systems at our disposal, covering trading on longer and shorter time scales. In addition, there is quite a number of the most recommended and conservative trading strategies used by professional trading houses and hedge funds. The point of the 1-on-1 Training is to guide a trader to develop his own trading plan following or slightly modifying one of the proven trading methods, respecting his or her own personality and trading style.
Feel free to send me an email if you have any questions about joining the community of GEPARD traders and participating in the 1-on-1 Training.
Topics: FOREX Trading Analysis | 2 Comments »