The Disciplined Trader

Dollar stuck in range - Play could be on USDCHF

Pierre Charlebois — Tue, 02 Dec 2008 18:03:53 +0000

The Dollar has not been able to really break up or down for some time now. A corrective rally may be trying to break-out.

However looking at the charts I think the current place to focus could be on the USD/CHF.

Cheers

New FX Weekly Report Posted

Pierre Charlebois — Mon, 01 Dec 2008 02:53:08 +0000

Please visit:

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-12-01.html

USD looks to weaken further

Pierre Charlebois — Tue, 25 Nov 2008 18:03:47 +0000

It does appear now that a temporary bottom is in place on USD pairs.

In particular the EUR/USD has broken out. A break of 1.31 will likely deliver the price to 1.33. A move higher would then signal a longer term bottom.

I would expect some retracement here and then renewed strength to the upside.

Please see my latest weekly report

Pierre Charlebois — Mon, 24 Nov 2008 00:37:10 +0000

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-11-24.html

Cheers and good trading this week.

Traders reluctant to break range on EUR/USD

Pierre Charlebois — Fri, 21 Nov 2008 15:13:15 +0000

The pattern I have been watching for weeks now is still in force. Traders are not at all willing to push the price much outside the range.

Here are the key levels to watch for breaks.

Have a good weekend

Very important triger/pivot point on EUR/USD

Pierre Charlebois — Tue, 18 Nov 2008 20:18:03 +0000

I have been watching this pair as there is the confluence of a trend-line and barier about to be visited.

This is where we will see price action reverse or accelerate in a continuation.

Watch this area closely if we do indeed visit there.

New FX Weekly report published on the majors

Pierre Charlebois — Sun, 16 Nov 2008 17:09:28 +0000

Please see my report.

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-11-16.html

Cheers and good trading this week.

Close watch of USD/index

Pierre Charlebois — Fri, 14 Nov 2008 16:03:28 +0000

I’m keeping a very close watch on the USD/index. The price action (pattern) represents a real struggle between Bulls and Bears.

I am watching the 88.00 area for a break-down or break-out.

Cheers and have a good weekend.

Pierre

Meltdown of the GBP - Real or perceived?

Pierre Charlebois — Thu, 13 Nov 2008 18:55:17 +0000

The GBP is falling against all other majors and there seems to be no end in sight… Wait a minute… Where have I heard that before?

Often when things look and sound their worst is just when a reversal takes hold. considering the EUR has not significantly fallen against the USD over the last few sessions, leaves me to wonder if this move on the GBP is a terminal thrust. Meaning that when this thrust comes to an end a larger reversal is possible.

I would remain curious about the marked difference in direction of the the EUR and GBP. Things will need to get back into balance soon. Why indeed is the EUR/USD not making new lows?

USD/CAD is once again poised for a break-out

Pierre Charlebois — Tue, 11 Nov 2008 19:15:43 +0000

The picture tells the story.