December 2013 - ForexAbode.com.

USD/CHF 2014 outlook – who is winning as the safe haven currency?

December 30, 2013 8:33 am GMT+0  in Chart Alert

USD/CHF is not stopping to prove the bearish sentiments. The race seems to be continuously on to prove which is the safe haven currency and which is “THE” safe haven currency. The last week’s move to 0.8799 was just a “touch and go back” move but there was a lot to read between the lines. […]

This is part 2 & part 3 for a series of short videos describing the journey in going from an amateur to pro trader.

December 29, 2013 7:54 pm GMT+0  in Miscellaneous

In part 2 of this series I describe how forex robots & systems sold over the internet are time-bombs. Never believe any performance claims unless they are independently verified. Ignore fantasy claims of huge profits month after month.  I give examples of some scammers I have bumped into along the way. Video 1 In part […]

USD/JPY 2014 Outlook – Is 110 a question of “when” not “whether”?

December 28, 2013 5:50 am GMT+0  in Forex Analysis

USD/JPY had remained under pressure of the psychological barrier of 105.00, for a long time, after touching 103.73 during May 2013. The price action was contained in a triangular pattern for 6 months before the pair ultimately broke out of that pattern recently. The long awaited hit took place last week when the pair broke […]

EUR/USD 2014 outlook – The pair is at two years high but is it done?

December 28, 2013 2:19 am GMT+0  in Chart Alert

EUR/USD has not only broke over the high of 2 years but also broke over the 61.8% retracement of the great fall from 1.4940 to 1.2041 by jumping to 1.3894. Though a strong resistance was witnessed before the pair could enter 1.3900 ranges and hence the psychological resistance territory of 1.4000 but this break strengthens […]

FX Daily Dose – December 26, 2013

December 26, 2013 7:18 am GMT+0  in FX Daily Dose

“Forex Daily Dose” presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term outlook. Please note that the daily outlook is for current pairs in focus and we may add or remove some of the currency pairs accordingly. Do not hesitate in contacting […]

FX Daily Dose – December 19, 2013

December 19, 2013 9:40 am GMT+0  in FX Daily Dose

“Forex Daily Dose” presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term outlook. Please note that the daily outlook is for current pairs in focus and we may add or remove some of the currency pairs accordingly. Do not hesitate in contacting […]

Follow up on USD/CHF price action

December 19, 2013 12:11 am GMT+0  in Chart Alert

We had recently talked about the possibilities that USD/CHF may be heading for deeper declines in the near future. You may please check it at “Is USD/CHF heading for a nosedive?“. There has been a strong upward jump recently which took the pair to 0.8859. Slight resistance is being faced around this level which is […]

FX Daily Dose – December 18, 2013

December 18, 2013 11:07 am GMT+0  in FX Daily Dose

“Forex Daily Dose” presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term outlook. Please note that the daily outlook is for current pairs in focus and we may add or remove some of the currency pairs accordingly. Do not hesitate in contacting […]

GBP/USD enters the zone of strong supports

December 18, 2013 5:01 am GMT+0  in Chart Alert

You may be getting bored that for many months we have been talking about the same resistance and support trend lines for GBP/USD. But then, if we have been talking about the same lines for long, those same lines have been in the existence for over 4 years. So can’t help. You may like to […]

Fisic performance & the importance of a flexible strategy 16th Dec 2013

December 16, 2013 8:14 pm GMT+0  in Forex Analysis

As we head into the holiday period, liquidity will shrink and the price action should get pretty random with a few stop runs thrown in. One complicating factor is that FOMC is up again this week so need to be cautious ahead of that especially since the thin liquidity conditions may exacerbate price moves. Performance […]

FX Daily Dose – December 16, 2013

December 16, 2013 10:42 am GMT+0  in FX Daily Dose

“Forex Daily Dose” presents a EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBPUSD, USDJPY and AUD/JPY for the immediate and medium-term outlook. Please note that the daily outlook is for current pairs in focus and we may add or remove some of the currency pairs accordingly. Do not hesitate in contacting us if you wish to know […]

Is USD/CHF Heading For A Nosedive?

December 16, 2013 1:18 am GMT+0  in Chart Alert

The strong downtrend which had started from the week of May 31, 2010 had taken USD/CHF from 1.1731 to 0.7069 during the week of August 8, 2011. The recovery to 0.9315 from the low of 0.7069 had a very strong momentum and had come as quite promising but then the momentum slowed down even though […]