HLHB Weekly Update – September 3, 2010
Where to, Euro?
A certain Jean-Claude kicked butt yesterday and no, I’m not talking the guy from Street Fighter and Universal Soldier. The dude I’m referring to is ECB Governor Jean-Claude Trichet, and he doesn’t need to take off his shirt and intimidate you with an unbelievably muscular body, no sir! All he needs are words and those are enough to send jitters down your spine.
Daily Chart Art – August 26, 2010
Daily Chart Art – May 7, 2010
HLHB Weekly Update – May 7, 2010
Well, whad’ya know… It looks like I won’t be doing some modifications on the HLHB system just yet! Earlier this week, I received a nice little sell signal when all of my indicators lined up. The slow moving 20 SMA crossed over the fast moving 10 SMA while stochastics wasn’t in the oversold territory. The candlestick following the crossover went beyond my 30-pip filter, allowing me to sell.
Going Looney for the Loonie – Close Open Orders
Close Open Orders: 05-03 01:05
Even though the USDCAD rose sharply on Friday because of some poor economic data from Canada, I’ve decided to close my trade. New developments over the weekend have made me change my outlook on the pair.
Looking to Go Long on the USDJPY! – Trade Update
Intraday Cable Continuation Expected
The 15-minute GBP/USD’s short-term intraday chart indicates that strong near-term resistance is waiting for any bulls thinking about rallying this pair higher through 1.5300 during the coming week. An Ascending Triangle formed when prices squeezed into the narrowing range, with strong resistance showing between 1.5315 (R1) and 1.5304 (R2). Current support is steady at 1.5273 (S1), as well as at the uptrend line support just seven pips above this level, at 1.5280 (S2).
Intraday Cable Continuation Expected
The 15-minute GBP/USD’s short-term intraday chart indicates that strong near-term resistance is waiting for any bulls thinking about rallying this pair higher through 1.5300 during the coming week. An Ascending Triangle formed when prices squeezed into the narrowing range, with strong resistance showing between 1.5315 (R1) and 1.5304 (R2). Current support is steady at 1.5273 (S1), as well as at the uptrend line support just seven pips above this level, at 1.5280 (S2).
