Sequence of Market Analysis & ..

Price Behavior.

The culminating sequence of market analysis from the 18th of August 2012 have indeed showed that proper due diligence and carefully watching price / market behavior would go a long way. Although, no certain guarantees are made in any speculative trade decision except the probability of being able to spot a potential trade can only be justified after the fact.

And in supporting our video analysis dated the 7th of September, in fact has proven the point where the strength and spill-over of the Euro & Pound more specifically have touched its registered objective now @1.6130/40 range. While the Euro single currency reached beyond the 1.2880 and registered a daily high @1.2935 resistance price range. And have paused to take a breather while traders takes a careful watch on the other upcoming events for the week. 

GBPUSD as of 9.12

However, the relative correlated currency pairs with other majors and cross rates have primarily move in the directions expected of them and at the right pace for that matter. Momentum trading have paused as well as of this writing; prompting us to be able to write this article. Other currency pairs are carefully watching the forex leaders while taking a similar stance of some fresh news in the market. Current market posisitons have maximized it potential and shall likewise be settled regardless of the next market outlook. While others would still make their respective entry, we would be settling our score and book our net positive gains as a carry-over trade from the previous weeks. 

But one of the main highlights we have observed is the fact that a lot of negative bias for short-Euro traders have finally found the breather to accept the fact that the EURUSD have found itself more in the positive territory since ECB Mario Draghi announced his stance in supporting the Euro. And this is in spite of all the hype and challenges to do more from his most recent statements. In our overall analysis....