The euro strengthened to a two-week high against the dollar as Spainraised more than its maximum target at a debt sale, boosting optimism the region’s sovereign debt crisis is being contained. The Dollar Index declined for a third day after U.S. inflation was little changed in December, giving the Federal Reserve more room to keepinterest rates near [...]
Trade Alert – Short December Canadian dollar has reached reversal date! – swing trade strategies, swing trade signals, median line, John Crane
TMV Swing Trade Report – Short December Canadian dollar from. 9760 – last price @ 9635 – The Canadian dollar traded lower into the November 21st reversal date,but came up just short of reaching the target objective where the median line intersects with the lower reaction line. Time has run out and it is time [...]
Market Alert – British pound trades into a projected reversal date. swing trading strategies, swing trade signals, John Crane, median line, price action.
TMV Swing Trade report – Long December British pound from 1.5852 – last price @ 1.5926 - The British pound traded through the upward trending median line, but quickly lost momentum. Monday is also a projected reversal date, so this price action suggests a corrective pullback is likely. Therefore, I recommend closing the long position and bank the gains.
Market Alert! – Long British pound reaches target objective! – swing trade strategies, swing trade signals, market timing, price action, median line, John Crane
TMV Swing Trading Report – Long December British pound @ 1.5495 – last price @ 1.5672 – Last week I posted a chart of the long British pound with the target objective highlighted. I made the recommendation to buy the British pound after spotting a peg-leg price bar on October 6, 2011. The peg-leg pattern was [...]
Market Alert – Long British pound quickly approaching target objective…be ready! swing trading strategies, market timing, John Crane, median lines swing
TMV Swing Trade Report – Long from 1.5505 – last price @ 1.5615 – The British pound triggered the buy stop and surged higher overnight. This is the initial push off the peg-leg bottom pattern. The 1st push higher will typically trade above the prior swing high,before pulling back to form the (C) pivot low. [...]
TMV update – Long Euro reaches short-term target objective!
TMV Swing Trading Report – Long December Eurocurrency @ 1.3547 – last price @ 1.3630 December Eurocurrency rallied off the peg-leg bottom formation and the lower downward sloping parallel line. I view this as a short-term swing trade opportunity as the euro trades higher into the September 28 reversal date. The market is slowing indication [...]
Market Update – Short December Australian dollar approaching target objective!
TMV Swing Trade report – Short December Australian dollar @ 1.0052 – last price @ 9645 – The Australian dollar traded past the prior swing low overnight. The short-term price action suggests the market is overextended and due for a corrective rebound. I recommend closing the short position and waiting for a new sell entry [...]
Market update – Short Eurocurrency has reached target objective!
TMV Swing Trading report – Short December Eurocurrency from 1.3575 – exit price @ 13430 – The bearish reaction swing signal was triggered overnight, confirming the sell at 1.3575. The market has reached the lower parallel line target objective. Therefore, I recommend closing the short position and waiting for the bounce to offer a new [...]
Market report – The U.S dollar is trading lower vs. other major currencies after S&P downgrades it AAA rating.
The U.S. Dollar continues to trade lower against most major currencies after Standard & Poor’s downgraded U.S. top credit rating from AAA to AA+ on Friday. The decision raised concerns over the fiscal issue of the world’s biggest economy. Although the Federal Reserve Open Market Committee is scheduled to meet tomorrow, traders didn’t wait and [...]
Market update – Euro price action remains bullish. Swing trading strategies, swing trade signals, price action, action reaction, median lines
The euro is trading higher as investors gain confidence that EU leaders are getting closer to reaching an agreement on settling Europe’s debt crisis. German Chancellor Angela Merkel changed her tone as she said Thursday’s special summit of EU leaders will agree on a new Greek bailout package, Merkel will meet with French President Nicolas Sarkozy later [...]