JohnLaw

JohnLaw

Let's look at the really big picture again on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD - BOREDOM BEFORE THE STORM ? (1 day, log scale) As said previously, the short-lived upward thrust for EUR into $1.17 has not been able to materialize. EURUSD is on the daily chart stil gyrating. Granted, 1.04/1.05 has again provided support, and so did the 1.105 provode resistance / did the 1.08 level provide support again....

JohnLaw

Let's look at the really big picture again on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...

JohnLaw

Let's look at the really big picture again on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD - NOT OUT OF THE WOODS YET (1 day, log scale) As said previously, I couldn't even believe EUR would show itself to be THIS strong. Well, it turned out to be short-lived. At least for now. Let's see where we stand. It's not all that negative :o) - ever since the EURUSD is looking for support - but hasn't found it yet - the RSI...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) I couldn't believe EUR could show itself to be THIS strong. It's a crazy week. Shorts were stopped out - of course. My wrong. - tops had been tested, and have now been broken (on heavy volume) - we've moved outside of the range - expect retracement first, and on that retracement, have a very good look at...

JohnLaw

Let's look at the really big picture here on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD / UPDATE (1 day, log scale) - tops have been tested, but could not get broken (even despite heavy volume) - we're ranging, now down again - note that the attempt to break the downward resistance line seems to hae failed - RSI is showing no bullish signs, though it is holding up. It broke the resistance line, now a retest....

JohnLaw

Let's look at the really big picture here on the EUR/USD- the MONTHLY chart (log scale). Note: this is of course NOT suitable for trading. Beware. Usage: - protecting your savings (by going into USD) - determining the overall trend (which pressure prevails, when going down to lower time frames?) - as well as determining important support & resistance levels...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD / UPDATE (1 day, log scale) ( little has changed, things working out as expected ) -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we are seeing lower highs. The sequence of lower lows , however, was...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) I KNOW - AGAIN :o) THIS IS A CONFIRMATIONAL UPDATE -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we are...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) -the April/May negative divergence worked out -price was meeting resistance in June turned down as expected -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend) -we are seeing lower highs and (less pronounced) lower lows -...

JohnLaw

July 7th - London morning action. On the daily we see continued price pressure. No, the day is not yet over, granted :) The RSI was still in its neutral zone, just slightly holding the bull minimum level. It now seems to break down (though the day is not over yet). In other words: the supportline break is there, and we have a reading below 40. So again -...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) -price was meeting resistance (horizontal & downward sloping trendline), has turned -the April/May negative divergence worked out -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend). -we have a slightly lower high, that by itself...

JohnLaw

Continued pressure on the EUR USD : --------------------------------------------------------------- - notice there are no overbought readings on the RSI anymore = RSI moving towards the lower end of the band = bearish - funy thing: the green support area seems less and less important - it has now gotten violated late May, early June, and now again (even in one...

JohnLaw

A lot has changed on the EUR USD : resolving to the downside --------------------------------------------------------------------------------------------- - notice there are no overbought readings on the RSI anymore = RSI moving towards the lower end of the band = bearish - funy thing: the green support area seems less and less important - it has now gotten...

JohnLaw

KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) -price was meeting resistance (horizontal & downward sloping trendline), has turned -the April/May negative divergence worked out -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an uptrend). -we have a slightly lower high, that by itself...