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- Submitted Apr 11, 2012|From forex-fx-4x.com
Dollar Index Analysis Technical Update 11/4/2012. Our previous dollar index update commented that the 80.00 area was part of a larger price pivot zone. This PPZ has described price on range highs and lows during early week trading. There was a small ...
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fxprocessor replied Apr 10, 2012The daily inside bar also gave a nice entry into the breakout above parity.
Fail Better
- Submitted Apr 8, 2012|From forex-fx-4x.com
The dollar index has seen an upside continuation after forming a bullish engulfing line – as highlighted in the post FOMC update. USDX went as high as 80.00 which is part of a larger price pivot zone. EURUSD (with a 57.60% weighting in USDX) is ...
- fxprocessor replied Apr 2, 2012
GBPJPY — GBPJPY Range and Price Pivot.
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied Apr 2, 2012
CHFJPY D1 Trend line — CHFJPY D1 Trend line.
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied Apr 2, 2012
GBPUSD Analysis PA and COT — Net short British pound (CME) short positioning was 30% lower than the 20th March period according to the latest COT report data. Large specs are less bearish on sterling with –11,110 net short contracts versus ...
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 24, 2012
Recent range highs look to be fragile after Fridays higher close. 61.8% Fib is however located just above these highs and could potentially see resistance on a break higher.
EURUSD
- fxprocessor replied Mar 20, 2012
EURJPY has been a dream to trade this week. First of all it gave a decent rejection from 110 round number (approx 80 pips with minimal drawdown). The next move above 110 and a break of the high I just referred to was a strong breakout trade ...
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied Mar 20, 2012
Not sure if anyone caught my posts. It sure moves fast in here. Anyway the EURJPY flag I was referring to has worked out real nice.
EURUSD
- fxprocessor replied Mar 20, 2012
The resistance level I posted looks to be holding out well. Price had run 100% of the ADR over 60 days when it hit the resistance which is something I often look for (potentially over extended markets).
EURUSD
- fxprocessor replied Mar 12, 2012
This is a good read. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. By Nassim Nicholas Taleb
Best book on randomness in markets and market probabilities?
- fxprocessor replied Mar 12, 2012
Always another opportunity around the corner
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 12, 2012
USDX has continued to the downside since this post. The dollar index turned within 1 pip after hitting the previous high and is now trading 32 pips lower. The $index often respects major levels like this. My weekly analysis identified the USDX 80.00 ...
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 12, 2012
EURUSD did see upside price action following the last post. USDX can be useful in this way. Cable has now broken 1.5640 area support so the EURUSD downside has more appeal. EURUSD currently at 1.3109. Lets see if it follows cable and breaks lower.
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 12, 2012
OK EURUSD made a new low by approx 15 pips during the LO. USDX has just double topped for now. Potential intra day squeeze on EURUSD shorts.
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 11, 2012
USDX and EURUSD. EURUSD ended the week testing support lows. I would like to see the USDX close above the spike high shown below before any EURUSD shorts.
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Mar 7, 2012
I agree that a strong price action signal in isolation is often all that is required. More often than not the eurusd and USDX will be similar. However, let's say that gbpusd gives you a breakout setup to go long. You then look at USDX and see it is ...
Price Action Trading - Cross Currency/Market Analysis