Non Farm Day

I hope you have all profited from trading on the Euro and Pound in the last two days.

Today we are all just waiting for Non Farm to come out this afternoon so expect volatility. I have provided you all with todays values so do ensure you have them on your charts before the news release.

Good luck and have a good weekend.

Euro & Cable

No chart for today as I think the big move down yesterday was pretty clear on the Euro and Cable.

Generally a big move is followed by consolidation which is then followed by the second leg. We had consolidation overnight so watch the market for a possible second leg.

I hope you all have benefited from yesterdays move.

Good luck today.

Possible Reversal

Chart courtey of Dynamic Traders. Data provided by eSignal.

I would like to draw your attention to the Euro Dollar daily chart. The current candle, fib ratio and overbought DTOsc.

Today the US will be open so the Euro my well have some resistance.

Good luck.

Euro Daily

Chart courtesy of Advanced GET. Data provided by eSignal.

Above is the Euro Daily chart. I won't break down the analysis but those of you who use Advanced GET should be able to emulate what I have done. If you would like to try Advanced GET then send me an email.

Back to the Markets

Happy New Year!

I hope 2007 brings you a successful and prosperous trading year for you all but most of all I wish you all good health.

Thank you to everyone who have sent me messages for the New Year and sorry for being so slack in replying but I have been very busy today getting ready for the trading week and a few other things. I appreciate your messages and let me take this opportunity to wish you all wealth, health and happiness.

The holidays are over and we are now back to Forex. I have to admit I have missed trading the markets in the last week on a consistent basis but that is now all about to change.

No charts to show you until Thursday but I can tell you that now the markets should get back to some form of normality and we should get some form of direction on the main pairs. You may be interested to know that the last 10 years the Euro and Cable have been weaker in January against the USD. The Euro 8 times and the Cable 6 times. At the time of writing this the Euro is at 50% from the high to the low of December so it is worth seeing if this acts as any resistance for tomorrows reversal time.

We have some volatile news items out this weak least of all Non Farm on Friday which will be interesting.

Good luck and Happy New Year.