Happy New Year

Hello traders, happy new year to all and may 2010 be a more profitable trading year.

You may like to take a look at the current standing of the forex robot world cup, the leading robot is up an impressive 92.24%!!!

http://www.forex-robot-world-cup.com/results.php


- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

EURUSD has been rejected by 1.5000 and has just broken 200EMA on M15. However, uptrend is still intact on H1 and H4. Will be looking for long opportunities if price stays above 100EMA and 200EMA on H1 and H4.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

EURUSD has managed to push itself above 100EMA and 200 EMA on all 3 time frames, M15, H1 and H4. Price has to break and stay above 1.4935 for further upside move.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

EURUSD is below 200 EMA on M15, however it is above 200 EMA on both H1 and H4. Will be staying out and observing the price action for now.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

EURUSD is currently trading between 78.6% and 61.8% Fib on M15, price fails to stay above 1.5000
The MAs on all 3 charts are indicating uptrend still intact, hence will be looking for long opportunity.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

There was a big selloff for EURUSD yesterday bringing the price down to 1.4821. Uptrend still intact on H4, however price is below 200EMA on both M15 and H1, will be looking for shorting opportunity when price moves up and rejected by Fib level on M15, profit potential will be limited unless price breaks below 200EMA on H4.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

There is strong resistance at 1.5012 as can be seen by the many failed attempts to break through on M15. Further upside is possible only if 1.5012 is broken and supported, if not there will be more correction to the downside.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think