tradeforaliving

tradeforaliving

Waiting for the ECB rate decision and monetary policy..possible scenarios here www.howtotradeforliving.com

tradeforaliving

More on my website www.howtotradeforliving.com

tradeforaliving

Last week the pound lost some ground but I consider it a pull-back rather than a reversal. We need to consider that we are still above the....continue reading on my website www.howtotradeforliving.com

tradeforaliving

Despite some pound weakness the euro did not advance against the pound. Counting that we are in a down-trend this could mean continuation, however....continue reading on my site www.howtotradeforliving.com

tradeforaliving

I think a breakout is coming but it's still too early to tell on which side...more details on my website www.howtotradeforliving.com

tradeforaliving

As we can see in this chart the dollar lost some ground thanks to yellen's dovishness and disappointing data, but to be fair I don't think UK or the EUROZONE had amazing data neither, the EURO is under pressure and the pound had already priced in a possible hike in interest rates in 2015, I think even if slowly the dollar will gain some strength but for the short...

tradeforaliving

Positive economic data from UK have fueled the bulls in this pair and as not exciting US data dwarfed expectations for a taper the british pound rallied considerably in the last few days. By looking at the RSI and bollinger bands the pound seems to be overbought and although the momentum is still in a uptrend this pair may need a healthy retracement. This idea is...

tradeforaliving

The Pound rallied against the dollar last week and reached resistance, that move was not supported by fundamentals and as a consequence the trade ran out of steam. I cannot exclude another attempt to break this resistance but the dollar has been weak for a while now and the risk/reward for a bearish pound is too good not to be considered. Be nimble until we break...

tradeforaliving

The Euro broke out the 1.3340 level and tested the 1.34 level but soon the trade runned out of steam and bounced back to 1.3343 level. I am not comfortable in trading this pair yet, I prefer to wait for a breakout, the levels to watch are 1.3415 on the top side and 1.3275 on the downside. For the full forecast check out my blog: profitableinforex.blogspot.ie

tradeforaliving

I like the EUR/USD to the downside if we don't manage to break the 1.3340 level