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Browsing Archive: March, 2009
9:00am Est Casey Stubbs-- Winners Edge Trading
The pair is rebounding off of a slight pull back and we could see the Eur/Usd move up to the 1.4000 mark this week.  Click Chart to learn about our trading system Continue reading ...
Casey Stubbs -- Winners Edge Trading8:30 am Est This morning the news to watch is new home sales. If the number is better than expected we could see a move in the Euro or if the number is worse than expected I think the Dollar could move higher. This is because of risk aversion and traders putting money in the Dollar because it is viewed as a safe haven. The key support level to watch in this mornings trading is 1.3414 if the pair breaks this we could see more lows. The nearest resistance is 1... Continue reading ...
Casey Stubbs-- Winners Edge Trading
The Eur/Usd:
is currently at 1.3541 and is looking to challenge the resistance level of 1.3649 the pair just challenged the support level of 1.2500 and if that lower level breaks we could see a target of 1.3423.
The Euro (EUR) was mixed as profit taking hampered further gains and the market asked questions about the next move the ECB will make. Both cutting rates or QE from the ECB will lead to Euro weakness and may cap gains on the back of this equity rally
C... Continue reading ...
Casey Stubbs-- Winners Edge Trading
This past week was a wild ride for the Eur/Usd as the pair had more price action last week than we have seen for some time. This week ended with Euro gains for the third consecutive week. Will the Euro continue to move against the Dollar this week? Their are several factors to consider to help us see what is happening with this currency pair. The first factor is that despite the large moves for the Euro last week lets not forget that we are still in the midst... Continue reading ...
Casey Stubbs-- Winners Edge Trading3:30 pm Est The Euro had a huge move today and passed several key resistance levels in a few hours. The pair was reacting to a statement by the FOMC and positve moves in the U.S. stock market. So where do we go from here? We are still have not hit the .50% retracement level on the daily chart from the high of 1.4700 in December of 2008. I would watch the .50% level and expect the pair to bounce off of that and move back down to more lows. We will not know if t... Continue reading ...
3:00 pm Est Casey Stubbs-- Winners Edge Trading
The Euro is challenging the 1.2866 level and if the pair can stay above that level we may see upside targets of 1.2899 and 1.300 If the price bounces off of the 1.2866 resistance we could test support levels of 1.2840, and 1.2533 10 min chart  Click on the chart to learn about our trading system Continue reading ...
11:00 pm Est Casey Stubbs-- Winners Edge TradingEur/Usd - currently trading at 1.2834 and there was early corrections at the beginning of the Asian session. The current support levels are at 1.2755, 1.2720 and then 1.2680 The resistance levels at 1.2898, 1.2946 and 1.3000. Usd/Jpy– Japanese yen is moving to the downside, and is challenging 97.00 to test the 96.60 level. Resistances from will be at 97.40, 97.87 and above 98.20. Gbp/Usd – The Pair has rebounded off of lows, and is above 1.386... Continue reading ...
9:00 am Est Casey Stubbs -- Winners Edge Trading
The Euro has been gaining verses the Dollar and has surpassed several resistance levels. The pair is currently challenging the 1.2824 level and if the price goes through that we could see upward target of 1.2899. If the pair does not break the 1.2824 we have support levels at 1.2700 and 1.2615 10 min chart  Click on the Chart to Learn our trading system Continue reading ...
4:30 PM Est
Casey Stubbs -- Winners Edge Trading
The majority of traders have been buying the Euro lately as 59% of traders are long right now. According to the Daily FX website.
So a contrarian point of view would signal more Eur/Usd losses. In addition the current pivot point position of 1.2680 and chart patterns are also indicating more Eur/Usd losses.
The resistance level to watch right now is the 1.2680 price point. If the price goes through that level we could see some temporary bullish... Continue reading ...
March 5 2009 10:30 PM Est. Casey Stubbs-- Winners Edge TradingThe Usd/Cad has been challenging the 1.3000 resistance level for the 4th time in the past few months. Reading chart patterns is great way to find trade entry points. The quadruple top chart pattern indicates that there will be losses coming if the resistance level is not broken. Also, the more times a resistance or support level is challenged the stronger it becomes. This 1.3000 level is a major resistance of techincal and mental l... Continue reading ...
March 4, 2009 4:30 Pm Est
Casey Stubbs-- Winners Edge Trading
In the Asian session the Euro slid and the pair broke the support level of 1.2500 and went to 1.2456. The London and NY sessions were both strong for the Euro as the pair rebounded up to 1.2658.
The US Stock market had gains today as a rebound because of the severe losses in recent weeks. The Euro responded in line with the US Stock market.
The pair did not break any major resistance levels. There is a channel heading down on the dail... Continue reading ...
March 3, 2009 5:00 pm Est
Casey Stubbs-- Winners Edge Trading
The Eur/Usd is bearish again today with a 75 pip loss from open to close on the NY session. The current reading is currently neutral because the pair did not cross below the support of 1.2500. Watch the 1.2500 level and if the pair crosses below that expect more losses.
The 1.2650 level is a key resistance point to watch and if the pair crosses that point we could see some more bullish movement.
10 min chart Eur/Usd
Click the Chart t... Continue reading ...
March 2, 2009 5:17 PM Est. Casey Stubbs-- Winners Edge TradingThis slow moving consolidation period is just the build up for some large moves ahead and all the indications on the technical charts say that the Dollar is getting ready to explode. First the indication is the large lag that the market opened much lower on Sunday than when it closed on Friday. Another indication is that the resistance level of 1.2630 has not been taken out. The price approached that level twice and bounce off of th... Continue reading ...
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Casey Stubbs
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
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