Monthly Archives: March 2014

Today’s Trading Edge: EUR/AUD– Chart Pattern Wars –Gartley VS H&S

During the last week of trade, the EUR/AUD daily chart shown above has continued to trade within a moderate range between its 100-day and 200-day Simple Moving Averages (SMA).  The indecision of the next major move comes as a battle

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Today’s Trading Edge: AUD/USD – Rally to Continue but Waiting for the Pullback

The bullish extension on Aussie dollar that I targeted on March 13th not only reached the .9200 handle, but extra momentum took it almost to .9300 as expectations grow that the Chinese will announce stimulus measures and that Governor Glenn Stephens

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Today’s Trading Edge: EURUSD – More Stimulus From the ECB could mean 1.30 for euro$

The euro has been weakening for the past two weeks after failing to reach the 1.40 level.  The next big FX event for the euro will be the April 3rd rate and policy decision.  Some market participants have exited their bullish

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Today’s Trading Edge: Caterpillar – Looks Like a Buy Technically and Fundamentals Support It

Caterpillar (CAT), the largest maker of mining and construction equipment is currently trending comfortably above the 50-, 100-, and 200- period Simple Moving Averages, on the hourly, 240-minute, daily, weekly and monthly charts.  While the stock has underperformed when compared

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Today’s Trading Edge: GBP/USD – Trading Very Technically

Two weeks ago, I mentioned that the key rejection around the critical resistance 1.6800 area will open the door for a deeper pullback possibly towards 1.6457.  Price did weaken and made a key low at 1.6462 yesterday which was just

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Today’s Trading Edge: EUR/JPY – Bears are Almost Back in Control

The daily chart of EUR/JPY shows that the recent weakness that was triggered the bearish ABCD pattern on March 7th is tentatively finding support from the psychological 1.40 level and the 50- and 100-day Simple Moving Averages (SMA).  This morning, the

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Today’s Trading Edge: USD/CAD – Butterfly Reversal Pattern Triggered by Canadian Retail Sales and Consumer Prices

The reversal that occurred today with USD/CAD may be called both a macro move on solid Canadian data and a key technical reversal on a strong confluence of chart patterns. Macro: This morning the Canadian economy had a strong beat

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Today’s Trading Edge: USD/JPY – Surging Yields Will Spark the Skyrocket in Dollar Yen

Fed transparency is losing credibility and markets are transitioning into a different trading mode.  Last year, we expected QE to end in June, then were surprised when they incorrectly queued up the September taper and now they abandoned the 6.5%

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Today’s Trading Edge: Apple – Key Technical Resistance Pushes Price Lower and Gives Bulls a Discount

Apple’s lack of innovation or perhaps its perception of changing the world has kept investors away from strongly embracing bullish bets.  Since the fall of 2012, the stock has been unable to regain its form as some traders feel it’s

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Today’s Trading Edge: EURUSD – May Break 1.40 on the Fed’s Updated Guidance

Today the Federal Reserve begins its two-day meeting that will have a main point to abandon the 6.5% unemployment threshold and move toward a more qualitative guidance using a wide range of economic indicators that will be used for deciding

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