I see the EUR/USD in a state of transition and not to be left out...I see the U.S. Dollar Index in the same transition. While the EUR/USD is moving sideways at the BOTTOM of its range, the greenback is doing it at the TOP of its uptrend.
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Posted 19:29 30 January 2012 by Queen Cleopiptra
The EUR/USD has a number of hurdles to overcome before a ceiling it established. I am looking for a ceiling - for now - since the market trend has transitioned into a sideways range. IT IS early in the transition but a "V" bottom is unlikely here with the underlying fundamental picture and the 1.3050 to 1.3200 area is a thick layer of resistance.…
Posted 15:38 25 January 2012 by Queen Cleopiptra
...here we are again, another pullback within the context of what is still an uptrend. This time however I am going to be a little more cautious about my upside expectations. I still expect there to be support within the 34EMA Wave however I am concerned about the ability for the greenback to press to higher highs…
Posted 10:34 18 January 2012 by Queen Cleopiptra
It's just a correction folks, keep walking, nothing to see here. The uptrend is still intact. But for your doubters, let's take a closer look.…
Posted 07:17 04 January 2012 by Queen Cleopiptra
With the push from Wednesday's rally, the corrections in the trends on the U.S. Dollar Index and EUR/USD have triggered. Now the question is that has the RISK APPETITE of Wednesday exhausted?…
Posted 09:12 02 December 2011 by Queen Cleopiptra
It's tough to pinpoint exactly at which point the exhaustion from today's RISK ON rally will begin. It's even tougher (on a day like today) to shift the focus to three specific charts where there is a downtrend (EUR/USD), an uptrend (U.S. Dollar Index), and no trend (the Dow Jones Industrial Average).…
Posted 15:19 30 November 2011 by Queen Cleopiptra
Here's a series of videos that I recorded that walks you through a typical morning of determining risk appetite versus risk aversion and how I look at the Dow, U.S. dollar, and crude oil for clues in the forex market.…
Posted 14:06 28 November 2011 by Queen Cleopiptra
Today I am sharing with you a short, three video series that explains, step-by-step, a recent trade in the USD/CHF. It's less about the trade itself and more about how I identified the opportunity and the environment it was setting up within.…
Posted 10:57 10 November 2011 by Queen Cleopiptra
There's not a lot to say about the USD/JPY today. Everything that had to be said I think occurred a week ago with the test of 76.00. What I did want to outline here were the clues, the price levels, and the thinking behind the buy set up and the trigger of 76.00. …
Posted 16:43 31 October 2011 by Queen Cleopiptra
There's a battle occurring between near-term sentiment (risk appetite) and a longer-term (bleaker) outlook for the market and specifically the euro. But the euro refuses to obey the headlines, the doubt, and the optimism trade is still on.…
Posted 12:44 24 October 2011 by Queen Cleopiptra
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