EUR/USD on a H4 Chart

Click on image to evaluate the trend.

EUR/USD between Moving Av. 100 & 200 HR

Pair is falling right in between the moving averages....which makes trading between averages a great possibility...when applied with other technical studies.

EUR/USD Long Term Picture

Upward trend: Market tested 200 D Moving Average at 1.2424.

Also, having difficulty to move...10 to 25 Pips over 1.3500...but D1 charts shows a clear picture...as to why!


See chart image for reference.

EUR/USD before EURO trading day begins.

Providing a non confirmed support level at 1.3432 see cahrt.

US Bank Stress Test

A little that I know and or understand about the stress test is ...that it is extremely important for the banks to pass it in flying colors... :) Go green Banks.
If US has to lead the world out of this economic crisis the banks must show and provide a strong support and also implement new and strategic tools that will ease up the credit flow and consumer confidence once gain but with a positive/different perspective to the next generation's financial markets. I see a boom in Private Equity Options as well.
Earlier this year (1st Quarter) we have seen US Banks showing profits....Wells, JP and Citi were the top leaders...and Investment Advisory Firms.... Mr. Buffet also mentioned that US financial system is on the right track out of this crisis.
Banks have been trying to get rid of their bad debit out of the balance sheets and re-evaluate their investment strategies, infrastructure and focus on long term equity perspective. Ill say if the Banks keep things under control and keep monitoring their financial long term approach on the bases of Compassion, Equity and Justice...then yes we are and will lead the world once again in the new ear of Financial Stability.

I see a positive results on Thursday..but you never know....present administration is pretty tough to get away with...they might bring out something that needs a key attention and immediate fix in the banking system to get us out of this crisis......or may be I am just being.... :-)

EUR/GBP

EUR/GBP is another pair where we can find +ive and --ive Trades.
However, from my perspective EUR/GBP pair gives long term trading opportunities as well as short term.
If you see on the D1 chart of this pair....a clear movement between Fibonacci Retracement levels...since Jan 09.
Long term rally below trend line?
I think so the 200 D MA is moving upwards and 100 D MA have barely started moving towards the right side after a stable and a gradual climb.
200 D MA will provide a support as the pair starts to move in between the 2 averages.
Whatever the case may be the trendline on D1 shows and slide down....bcz of currency is under the 100 D MA and trend line is the second resistence...previously the currency was moving above 100 MA and beneth the trend line.

On the M15 chart you will see a different picture of this pair as it shows a lot of buying pressure at the moment....with the pair testing the 100 MA. Its happening all after breaking the trend line and taking a breath... So shall I long it or short it?

100 PIP day

EUR/USD moved as anticipated after a dip in EUR session. USD/JPY dipped towards 38.2 Ret. Level. Tuesday ttrading session will take markets into a different direction. Fundamental analysis will play a key roll in next 36 hr trading.






Glod had a jump after it dipped down to 878.81 to 906.96 in today's trading session. Also, Silver saw a 60 pip jump after a slight dip in early Monday trading session. Which also helped dollar to be on the stronger side of the picture.

EUR/USD

EUR/USD is moving slightly over 1.3300 level.
It might dip a little in EUR session after touching the 1.3355 level or over.
However, I think the bigger picture is showing a slow trend towards the 1.3500 level...we will see.

EUR and US Markets will determine the trend for this pair.

USD/JPY

A start where market still cannot determine a trend for USD/JPY..Yet..trend will be determined during the New York Session and as the Tuesday starts in Tokyo market.
Uptill now it is moving between today's low 99.14 and May1 high of 99.56.
I personally think the Yen will be on the weaker side during this week and most probably touch the 99.00 and will test the 100.00 resistance and as we get in the middle of the week the trend will be more prominent...
There have been sharp ups and downs towards the resistance and support levels. Short term trading opportunity is there but risky. S/L and T/P

US economy is moving towards a stronger side and the data/ information this week will play a key roll in finding the trend.