€ in 2 Submerging Channels! (2)
By Marek W. Stupka | July 17, 2008
In my recent technical post, I predicted the referential EURUSD curency pair to move within a distinct channel range submerging to a bigger channel on the 1d chart. The prediction has been right again! Check out what action the pair’s price has posted over the previous weeks…
[Click on the chart to see bigger picture] Inspect the 1d EURUSD chart above as it stands now. Want a quick market prophecy? After several attempts to break the red, inner channel Resistance level, the pair needs some time to let off steam and make a correction move downwards. The bearish scenario is also backed by the evident, and almost exemplary, Divergence Scenario on the 1d.
Detailed description of the way to capitalize on Convergence/Divergence Scenarios like the one you see in the 1d EURUSD chart above is included in the 1-on-1 Training. In fact, this is one of the most powerful and fascinating techniques ever used to trade the markets. It works like magic accross all time scales, with only few exceptions…
If you wonder what it takes to actually participate in the 1-on-1 Training, there’s an easy way to find out. Simply click here, and you will be taken to an information website with comprehensive description on how the course works. Since the training seats are limited, it is a good idea to check the course availability by sending me an email at marek@gepardinvestments.com before you apply!
Topics: FOREX Trading Analysis | 3 Comments »
€ in 2 Submerging Channels!
By Marek W. Stupka | July 3, 2008
The referential FX pair, EURUSD, is trading in two submerging channels. Expect range trading to continue in the days to follow too…
[Click on the chart to see bigger picture ] Note the red channel (or trannel, as we call it at Gepard Investments) in the upper right corner of the chart above? This is the range EURUSD is moving in at the moment. Bear in mind this is the long-term, 1d chart, thus we are talking about the pair to range for at least few days if not weeks…
A more detailed, short-term view at today’s price action shows us, however, that the prevailing dollar weakness has slowly been fading over the last hours. This is fundamentally caused by the expected NFP number, released today at the time of Trichet’s press conference on the already anticipated ECB interest rate hike. Technically, the pair was just reversing from the overbought territory in the top part of the long-term range in our 1d chart.
NOTE TO MY 1-ON-1 STUDENTS: Today is a classy example of the NFP day on which the so-called Bollinger Band Squeeze strategy can be applied with definite success. Note the 15m chart below. Study the training materials for Module V, Day A to know more…
Topics: FOREX Trading Analysis | No Comments »