Blog Posts - Pip



The Kiwi to Move Up Some More? – June 22, 2010

Like what I said in my previous blog about the NZDUSD pair last June 17, the could be a short term buy on it. At that time, the pair had already broken out from a double bottom pattern. It then continued to consolidate within a symmetrical triangle b...
by Laid Trades on Jun 21, 2010

Aussie: A Pause Before Another Leg Higher – June 22, 2010

Like the NZDUSD pair in my other post today, the AUDUSD had also broken out from a double bottom formation. After doing so, it then consolidated within an ascending triangle before moving north again. And like the New Zealand dollar, the Aussie made...
by Laid Trades on Jun 21, 2010

The Euro Bears in Town? – June 21, 2010

Here’s an updated chart of the fiber or EURUSD pair. In my blog back in June 12, I noted that the pair could fall after finding some resistance at the support of the descending traingle which was also almost in line with the 38.2% Fibonacci ret...
by Laid Trades on Jun 20, 2010

The Swissy on Track for Wave 5 – June 21, 2010

Welcome to another week of forex trading my friends! Today, I present to you an updated daily chart of the USDCHF pair. From my post about it exactly a month ago back in May 21, I mentioned that the USD is bound to give up some of its gains back to t...
by Laid Trades on Jun 20, 2010

The Return of the Aussie Bulls? – June 19, 2010

In my blog last June 15, I asked whether the AUDUSD will head lower or higher. It turned out that the pair had moved north, at least for the time being, against the odds. As you can see, the pair had previously slid from a double top formation. Even...
by Laid Trades on Jun 19, 2010

The Geppy Breaking Out? – June 16, 2010

The GBPJPY (Geppy) could be on its way from breaking out from the symmetrical triangle in the 3-hour chart (indicated by the red circle). Once the price breaks above the resistance  at 136.00, the currency pair could head all the way up to the 138.0...
by Laid Trades on Jun 16, 2010

Short Term Buy on the Kiwi? – June 17, 2010

The NZDUSD pair has come a long way from my last post (click here). Looking at its 4-hour chart, you can see that it has recently broken out from a double bottom formation. Now, a double bottom is generally seen as a downtrend reversal pattern. Given...
by Laid Trades on Jun 16, 2010

A Downturn Seen on the Pound – June 17, 2010

The cable or the GBPUSD pair has been staging a nice rebound for the past couple of weeks after it touched a low of 1.4227 last May 20. From my previous post about the cable last May 28, I mentioned that if and when it moves past 1.4600, it could rea...
by Laid Trades on Jun 16, 2010

A Look on the Mighty Dollar – June 15, 2010

Here's a look on the daily time frame of the US dollar index (USDX). In case you do not know, the USDX is a measure of the greenback's value against a basket of several other major currencies. These currencies are made up of the geometric mean of the...
by Laid Trades on Jun 15, 2010

Which Way Will the Aussie Go? Up or Down? – June 15, 2010

What’s up forex peeps! I present to you now a fresh peek on the AUDUSD. From my post about the pair last June 7, you can see that it has rallied all the way back up to the neckline of the previous double top formation after breaking down from a...
by Laid Trades on Jun 15, 2010

The Swissy On Its Wave 5 Before the USD? – June 12, 2010

Good day forex poeple! Here's an update on the USDCHF pair that I last posted back in the 21st of May. As you can see from pair's daily canvas, the pair broke out from an inverted head and shoulders pattern and has since risen. After hitting a high o...
by Laid Trades on Jun 12, 2010

Another Down Move Seen on the Euro – June 12, 2010

Based on the fiber's (EURUSD) daily chart, it looks like that the euro is poised for another fall against the greenback. As you can see, the pair has rallied back above 1.2100 after hitting a low of 1.1876 when it broke down from a descending triangl...
by Laid Trades on Jun 11, 2010

The Loonie Seeking to Bury the Euro – June 10, 2010

The Canadian dollar has continued to gain against euro for several months now. Notice that the EURCAD pair has been sliding along a descending channel. In my last post (click here) about the pair, it already marked a new 2010 low in May at 1.2642 bef...
by Laid Trades on Jun 10, 2010

Zooming Over the Aussie – June 9, 2010

Let us now take a closer look on the AUDUSD. Looking at its 1-hour chart, the pair indeed gapped down to start this week's trading. Remember that in my post about the pair (click here), I already mentioned the possibility of such price action. The p...
by Laid Trades on Jun 9, 2010

Short Term Straddle On the Euro – June 9, 2010

Remember when I told you in my last post about the fiber (EURUSD) that the anti-dollar currencies, the euro in particular, could gap down to start the week? Well, guess what happened? Ha! If you look at the pair's one hour chart, you can see that the...
by Laid Trades on Jun 9, 2010

The Kiwi On Its Way Down? – June 8, 2010

In my post last Friday about the NZDUSD, I asked if the Kiwi's recent surge against the greenback was about to turn sour. During the past couple of weeks. the NZDUSD had noticibly been rallying within a rising wedge formation. Technicals traders, how...
by Laid Trades on Jun 8, 2010

The Pound Got Pounded – June 8, 2010

Here's an update on the guppy (GBPJPY). In my last post about the pair, I noted that it could find some resistance at the 61.8% Fibonacci retracement level that I marked on its old chart. It, however, suprpassed that price (135.00) and reached 136.00...
by Laid Trades on Jun 8, 2010

The CADJPY Trading Range – June 8, 2010

One way to check the stability of a government is through its currency value and that is what’s being reflected by the Canadian economy. Despite the bad news coming in from different markets, the Canadian Dollar against other currencies remain...
by Laid Trades on Jun 8, 2010

A Bounce on the EURUSD? – June 7, 2010

As a result of last Friday’s sell-off, most of the European currencies gapped down during this week’s foreign exchange market opening. One of the most affected was the EURUSD pair (click here to see the previous post about it). Aside fro...
by Laid Trades on Jun 7, 2010


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