GavaldaFX Forex Blog

Today was not so lucky for me, I was expecting a move to the upside from 1.9460 and I went long. As you can see it wasn’t a bright idea, I managed to get out early and reverse the position, but still in the red for today.
Looks like Cable is stuck, in a channel with at least three resistances (mostly intraday) and one support, so guess what, I will favor a downside breakout. From 1.9420 I will jump into a sell-off again, and only up from 1.95 I will consider bid… Looks like new winds blow for the USD, it’s gathering strentgh day by day.

I spotted a “channel” on GBP/USD and when we reached the resistance line last time at 1.9545 I went short and exited at 1.9535 because the movement became flat. I will reenter at the bottom or if a breakout happens.

My GBP/USD buy position was closed while I was sleeping, because I put on a 15pips trailing stop, just in case. Price is very volatile this morning so I don’t have any problems with this 16 points profit now. We’re at a trendline support now which also formed during the night, if price breaks out to the downside I might consider a short position.

Hey guys, Seems like there’s a good support at 1.9525, so I went long now at 1.9540, with a S/L at 1.9515 and TP up in the sky. Maybe we’ll see some retracement after they decided to hold USD rates at 2%…

I was trading GBP/USD, managed to take out +50pips, the direction of my forecast was okay, I was off of the actual amount though. I admit +5k was way too optimist, but clearly we can see that recent numbers, now including NFP, were better than expected, maybe this is another good kick for the USD bulls. As all this week, I will again look for another opportunity to go short on EUR/USD or GBP/USD and long on USD/CHF of course.

Hello gals and guys, again we begin a new trading week. After a very good last week again we have a tremendous amount of important news releases this week so I hope grandioso movements will help us make some good profits. Today not much has happened yet, EUR/USD is a bit higher, GBP/USD is lower (notice the divergence!), USD/CHF came below the 61.8% of Friday’s high and low. I will post charts and analysis in a minute, stay tuned Have a good trading everyone.

Good morning everyone. I have to admit I’m happy to see that the dollar is finally getting some serious beating across the board. The only one that didn’t move (yet) is the GBP/USD because GBP is getting sold also! EUR/USD finally up to 1.5732, let’s wait and see if it’s just gathering momentum for another selloff or this is really the end of the retracement and now we resume the uptrend.

I have to admit I never thought this movement was this powerful so I have to admit the loss and pulled the plug at -30 on both pairs. I will monitor closely for a place to enter again. God knows where this frenzy will stop…

I can see a trendline limit on both eur/usd and gbp/chf this is why I decided to enter the market. Bought e/u at 1.5851 and sold gbp/chf at 2.0434 and then again at 2.0441. Let’s see what happens. (Have you seen that oil is at “record” low?)

After some disappointing data in the US some new USD sellers appeared and pushed USD lower across the board. I came out breaking even from the EUR/USD short as I was prepared for sudden moves. Will try to reenter when possible at a better price. Still favoring the downside on EUR- and GBPUSD.