by Queen Cleopiptra | 2 years ago | 1:49 AM | 26 Mar 2011
Here's a look at my USD/CHF daily swing short and the levels I am watching.… More…
by Queen Cleopiptra | 2 years ago | 3:46 PM | 22 Mar 2011
The break higher in the EUR/USD has carried the pair to 1.4250 where psychological level resistance at the "50" pip has pushed price lower and broken the uptrend line support of the Rising Wedge pattern.… More…
by Queen Cleopiptra | 2 years ago | 11:10 PM | 16 Mar 2011
The GBP/USD has traded lower today as the U.S. Dollar rallied slightly higher, but is still in a downtrend. The dollar managed to reach the and trade slightly above 77.00 to a 77.13 high before losing footing above the major psychological level. In the meanwhile, the GBP/USD trades around 1.6000.… More…
by Queen Cleopiptra | 2 years ago | 7:50 PM | 08 Mar 2011
I will admit that the more toppy prices get, the riskier this swing entry becomes, therefore I am being more aggressive about my stop-loss placement in case sentiment begins to shift lower, especially with the MPC Rate Statement coming Thursday.… More…
by Queen Cleopiptra | 2 years ago | 10:38 PM | 07 Mar 2011
With the rate decision looming for the RBNZ on Wednesday, there's an expectation that the Official Cash Rate in New Zealand will drop from 3.00% to 2.75%. The sell-off in the kiwi is reflecting that assumption and the pair has made a double bottom along 0.7345 and today's 0.7339 session low.… More…
by Queen Cleopiptra | 2 years ago | 2:55 PM | 02 Mar 2011
Strong crude. Strong commodities. Dollar melting like a popsicle on a sunny day. Yet the aussie can't get buyers to rally the pair over 1.0200 in a significant way. Why not?… More…
by Queen Cleopiptra | 2 years ago | 7:20 PM | 01 Mar 2011
The EUR/USD has traveled to the upper limits of the current range as the euro continues to benefit from hawkish expectations of a future rate hike. The strong data out of Europe has propelled the euro past the sinking dollar and pushed prices to 1.3854 and a second consecutive session of a rally to the 1.3850 major psychological level. … More…
by Queen Cleopiptra | 2 years ago | 3:43 PM | 01 Mar 2011
In my opinion, playing data is all about expectations. What has been discounted or "baked into the cake"? It's not an easy thing to determine and it requires price movement to be measured. Ignoring the psychological effect and volatility that accompanies economic data means that an environment a heightened risk is also going to be ignored. … More…