Very interested in this pair at the moment, I have support all the way down to the 0.79 level. Any bounce or supportive candle will have me buying.... image

Silent Service Method

url

Silent Service Method

Interesting breakdown. We are seeing a lot of Japanese strength today, and the Loonie is of course a commodity currency. However, oil is positive.......so this is about safety more than anything else I suppose..... CAD/JPY: image

Silent Service Method

One of my favorite trades for ages has been shorting natural gas. This is what the weekly chart looks like at the moment. I have been using inverse ETFs to capitalize. image

Silent Service Method

video

Silent Service Method

Agreed. At the moment, I believe that there is significant support between 1.41 and 1.40....(A 100 pip support 'zone')

Silent Service Method

Another reason to think that the Euro will probably rise against the USD and CAD: Breakout above 0.80 against the Pound is a strong move.... image

Silent Service Method

Could be an interesting trade really. I would also watch oil to see how that does. We have Crude Oil Inventories coming out tomorrow, so this could be part of the reason for the move as well......(CAD highly influenced by oil.) Chris

Silent Service Method

European stocks are also suggesting a higher Euro. (Higher currency, lower stocks.) DAX CFD: image

Silent Service Method

Looking at tomorrow, we have the FOMC Meeting Minutes coming out. I would anticipate that the Fed will express concerns, etc.....and that it would show some extended dovishness. If that's the case, a bounce in the EUR/USD pair wouldn't be out of the ...

Silent Service Method

Looking at this market at the moment...... WTI Crude (CFD). I like the look of a short-term range. I will be buying above the top of this candle, if it looks anything like it does now. I think we will continue to bounce around for a while - but ...

Silent Service Method

video

Silent Service Method

No I haven't. Always wait until the last minute! Ohio is good, wet at the moment, but good nonetheless. How you been?

Silent Service Method

url

Silent Service Method

The one thing that I wouldn't do is take a loss at this point. At least be at b/e......

Silent Service Method

url

Silent Service Method

To be honest, I think that the GBP/AUD trade is probably a short-term move. After all, we broke below the uptrend line, so it is likely this will be a 'retest' of that line. However, I think its a valid trade, just not one I would get married to. ...

Silent Service Method

I would say that you have the jist of it all. I would also add this: If there is any confusion about the trend of a chart, leave it alone. It's just not worth it, as there are almost always other trades to be had. It's funny that you bring up the ...

Silent Service Method

^^^^ Looking at the above chart, I think something is amiss with the old Greenback. In fact, if we fall below the 93 handle on the US Dollar Index, I think it will officially be the end of the uptrend in the Dollar. Longer-term moves in the GBP/USD, ...

Silent Service Method

Attached is the weekly EUR/USD chart. I am seeing a potential ascending triangle. Although this pair is very tight and noisy at the moment, the longer-term is starting to look like we are at least trying to break higher. I think 1.15 remains the key ...

Silent Service Method