26 Nov EUR Analysis

After making the 1.4968 high, price came back sharply and the indicators shows us that the EUR is still overbought and that we might see a retrace soon. This, however, does not change the fact that the current trend as well as the primary trend is still bullish and this still places the EUR in a bullish probability. We will only move away from our bullish stance when the current

trend is violated to the low side.

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

26 Nov GBP Analysis

Price bounced off the 2.0350 support and higher highs and higher lows are still being formed. The only reason we are not trading bullish yet is the fact that the new bearish current trend has to be violated to the upside.

Should price continue to move within the new bearish current trend's boundaries, we might take bearish trades with LOW exposure (till 2.0350 is reached) as the risk is still clearly to the upside.

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

20 Nov GBP Analysis

First of all - The interim current trend is violated and now we will see if the 2.0350 support (derived from the alternative current trend support line) is significant.

Since the violation of the interim current trend, the bias is mixed as volatility is ample. The current trend will be adjusted if price bounces on the 2.0350 support and then the outlook will obviously turn bullish again. Let's wait and see...

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

20 Nov EUR Analysis

The FOMC minutes are released today later in the US session, therefore some more consolidation can be expected. The current trend is still not violated as we can see on the chart above and thus we are still - theoretically spoken - situated within a bullish probability.

The main risk here is carry trade unwinding as the major indexes continue to sell off and commodity based currencies are taking a huge hit. We stand aside.

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

13 Nov GBP Analysis

Sterling also has to violate the bullish current trend support line. But our bullish outlook is quickly diminishing due to carry trade unwinding. We stand aside at this time.

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

13 Nov EUR Analysis

The main support to look for here is the 1.4450 current trend support line. If this line is violated, we might get ample short opportunities. It seems that unwinding of carry trades are in motion, therefore no bullish trades until the highs are taken out.

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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice

08 Nov 2007

Whoa. Magic rule of the year 2007. Short the bucky and print money$$$$$$$$$$$$$$$

Back on planet earth we have the Eurozone interest rate and BoE rate decision today. We are playing it safe by stepping aside as the volatility can be dramatic and any dovishness from both King and Trichet can cause a far reaching sellof of the GBP and EUR.

(My friends in stocks are predicting an imminent selloff in all the major indexes. So be careful. Any sign of a $$$$ turnaround may cause massive carry trade unwinding as stocks also selloff)

Anyway the major trend and current trend is still long, confirming our bullish outlook.

Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice