Euro Forex trading: December 2006

Euro Forex trading

Chronicle of the biggest, deepest and most liquid market in the world, the Eurofx market, traded on interbank spot forex market as Eur/Usd and on IMM as the Eurofx futures. Patterns include CCI patterns ZLR etc. IMPORTANT notice: Nothing in this website constitute any advice to buy or sell financial instruments. The contents of this website are for EDUCATIONAL purposes and should not be construed to constitute investment advice. Charts will be from FXCM Power Charts.

Friday, December 15, 2006

20061215 Likewise, the bigger picture is for USD strength this week, from the USDCHF.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20061215 EURUSD 30 min chart for the past week, gives perspective of the bigger picture.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

20061215 1504 GMT. We took short on the cross of the short term moving averages on the cable today.

EURUSD chart
USDJPY chart
GBPUSD chart
USDCHF chart

Friday, December 08, 2006

200612081433 GMT. The release of the NFP (Non Farm Payroll) provided a trading opportunity to long the cable at 1.9580 at 1355 GMT, with a nice outcome.