Go Back   DailyFX Forum > Blogs

Old

Dollar/Yen Headed Lower?

Posted 12-11-2008 at 12:12 PM by Roland Campbell (Forex Premium Trading)
Technical Analysis: What can I say this pair is bearish on every chart you pull up over the past two years. USD/JPY has been in a downward spiral since the summer of 2007 when it tested 125.00. The next leg down occurred this summer when 110.00 was broken cleanly. A round break of 100 gave us ample opportunity to get short and take advantage of this downward trend. Now were sitting near the lows of the most recent range and I think the market will want to test .9100 once again. It’s my prediction that USD/JPY will not be able to hang on and will head further south quite quickly. I see very little support until .9000 and I would imagine many new traders will be jumping on board when new lows are seen in this pair.

Risk Aversion:...
Roland Campbell's Avatar
Special Guest Trader
Posted in Uncategorized
Views 874 Comments 0 Roland Campbell is offline
Old
Rating: 1 votes, 5.00 average.

EUR/USD - Likely a Dead Cat Bounce

Posted 11-24-2008 at 01:16 PM by Roland Campbell (Forex Premium Trading)
Technical Analysis: EUR/USD has rebounded quite nicely on a short term basis. The 5 min chart shows us the pair has broken through all resistance levels and is likely bullish in the near future. The 30 min chart is not so pretty and still shows quite a bit of congestion and consolidation taking place. Once you move further out to the daily chart it is apparent that EUR/USD has likely completed an up wave that FXPT considers to be a dead cat bounce. It is usually prudent to trade with the longer term trend and determine your entries based on a shorter time frame. Our shorts are being placed into this rally and our stops are hidden behind stiff resistance going into the round number.

Fundamental Analysis: US housing data continue
...
Roland Campbell's Avatar
Special Guest Trader
Posted in Uncategorized
Views 521 Comments 0 Roland Campbell is offline
Old
Rating: 1 votes, 5.00 average.

EUR/USD still a short on moves higher

Posted 11-18-2008 at 03:48 PM by Roland Campbell (Forex Premium Trading)
Updated 11-18-2008 at 03:58 PM by Roland Campbell
Technical Analysis: EUR/USD is currently in a long term down trend on the daily and 4 hr chart. It continues to make lower lows and lower highs which gives confirmation to our belief the pair will remain weak. The moves higher in this pair appear to be institutional short covering and give us an opportunity to enter short positions.


Fundamental Analysis: The data out of the US continues to be weak, but has beat analyst expectations. The Empire State Manufacturing Index came in stronger as well as month over month Industrial Production.


Psychological:
COT reports confirm traders are very bullish dollars. In general this is a contrarian indicator, but in this case we feel most traders have covered...
Roland Campbell's Avatar
Special Guest Trader
Posted in Uncategorized
Views 423 Comments 0 Roland Campbell is offline
Forex Premium Trading is a mentoring and coaching company designed to personally address all of your currency trading needs. Unlike many signal services or newsletters, we provide top notch education to make you a better trader. We offer a variety of mentoring packages to help you achieve success in your trading while also learning what it takes to become a professional trader.

About Roland Campbell

Roland L. Campbell has worked for several large financial institutions in computer information technology and systems engineering. He has a diverse background in finance that includes stocks, options, commodities and currencies. Roland is a self-taught trader who spent a vast amount of time studying the technical and fundamental aspects of the FX market. Since becoming a full time currency trader he has increased his own funds many times over and currently has a monthly trading volume in excess of 50 million dollars.

Roland’s impressive month-over-month gains are extremely rare, especially in the volatile world of FX trading. He attributes his success to an uncanny ability to sense market trends and act with instinctive precision. He also credits part of his success to the Chinese practice of feng shui; Roland believes that the comfort of his trading environment helps him stay focused and relaxed during trading. Roland has proven track records for forecasting world markets and developing complex strategies, which he applies as a portfolio manager. He was recently featured in the book Millionaire Traders; his chapter covers trading fundamental releases and during times of high volatility.



Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 05:56 PM.
Copyright ©2009 Daily FX. All Rights Reserved.