Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Transcript of Video Click Here to receive an email alert when Ross posts a new daily video I’m going to begin the day today on the Euro versus the US Dollar [EURUSD]. Starting here on the Daily Chart, we…
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Follow this link to receive alerts when my new daily videos are posted http://www.yourdailyanalysis.com
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Follow this link to receive alerts when my new daily videos are posted http://www.yourdailyanalysis.com
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Transcript of Video
Follow this link to receive alerts when my new daily videos are posted http://www.yourdailyanalysis.com
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Transcript of Video
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Trade of the day on the EURUSD sold 1.4258 at 9:11 am ET. Trade closed with 50 pips but much more potential for traders holding for more. During the trade room today we discussed the break of the trend…
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This week we saw two currency pairs set up with just about perfect reversal chart patterns. I will outline it here on the EURUSD but you should look on the AUDUSD for it on the Daily chart.
A head and shoulders pattern consists of 3 peak highs, the left shoulder, the head and the right shoulder. The left shoulder is established when
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Sells taken on EURUSD today from 1.3745 area. Alignment of a few technical trading indicators provided a barrier that proved to give this pair some resistance today. On the daily chart there was a test of the bottom of the previous up trend line and the .382 fib of the most recent downtrend. Drilling to the lower compressions we can also look back to Oct and Nov and find other support and resistance along this same price level. Profits posted as the market reached towards the 1.3700 area and former resistance on the 1 hour chart. A break of the 1.3745 area could begin a new leg higher so caution is stressed on the break above. confidence will grown on the downside on the break of the up trendlines on the 4 hour chart.
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! The trend for the EURUSD has been in a downward move since last November. The pair has found support just under 1.2900 and has pressured higher so far this year. Could this be the beginings of a longer push…
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The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
EUR/USD – Current 1.3027
Overview – So far this week the EURUSD has been locked in a trend channel drifting from the 1.2880 area to the mid 1.3040 area. A clean push higher will test previous supports near 1.3090. More downside could be expected on a break below 1.2885.
Resistance – 1.3045 / 1.3085 / 1.3140 / 1.3190 / 1.3215
Support – 1.2970 / 1.2923 / 1.2890 / 1.2810 / 1.2750
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GBP/USD – Current 1.5675
Overview – Much like the EURUSD this pair has been drifting
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy posted at 12:50 pm ET for reversal set up. This pair has seen a fall this month from 1.4300 down to the mid 1.3400’s. In the most recent days a short climb back to the upper 1.3700’s has…