Ichimoku Renko Trading Strategy (2)

Ichimoku Renko Trading Strategy charts as they happened today'

Here are some charts from today showing some nice entries and relatively easy pips. You can see the entries are best when there is a trend and that they are tricky when the market is ranging.

For more information as to how to set up these charts, have a look at this page

For more information on Ichimoku see this page.

Euro Update As At December 23, 2015

The EurUsd Currency pair seems to be searching for a bottom as you can see on the second chart which is a weekly chart.

Certain political events in the near future are bound to influence this par and move it out of the current range.

Here are some insights and views by various writers which you may find of interest.






Dollar Rises Against Euro - Wall Street Journal
 Wed, 23 Dec 2015 17:52:44 GMT
Wall Street JournalDollar Rises Against EuroWall Street Journal  The dollar advanced against the euro on Wednesday as some investors re-entered trades for the common currency to weaken, predicting the paths for monetary policy between central banks in ...
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Dollar ekes out gain against euro after weak eurozone data - MarketWatch
 Wed, 23 Dec 2015 21:31:55 GMT
Dollar ekes out gain against euro after weak eurozone dataMarketWatch  “French GDP for the third quarter was revised down, and consumer spending is also looking softer, which has led the euro slightly lower against the dollar,” said Will Hedden, senior ...
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Pound to Euro: Expectations of More ECB Stimulus Unlikely, Banca IMI - Pound Sterling Live
 Wed, 23 Dec 2015 10:11:22 GMT
Pound Sterling LivePound to Euro: Expectations of More ECB Stimulus Unlikely, Banca IMIPound Sterling Live  An increase in Euro-zone government bond Issuance of 150bn in Q1 2016 compared to Q4 2015, is also forecast to weigh on bond prices - but at the ...
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Study: Most Finnish residents would keep euro despite perceived economic drawbacks - YLE News
 Wed, 23 Dec 2015 13:16:00 GMT
YLE NewsStudy: Most Finnish residents would keep euro despite perceived economic drawbacksYLE News   A large number of Finnish residents believe that the economy would fare better without the euro, but a majority would still prefer to keep the common cu ...
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Pound to Euro: Today's GBP/EUR Exchange Rate Predictions and Live Conversions - Exchange Rates UK
 Wed, 23 Dec 2015 18:56:15 GMT
Profit ConfidentialPound to Euro: Today's GBP/EUR Exchange Rate Predictions and Live ConversionsExchange Rates UK   Following the uncertain result of Sunday's Spanish parliamentary elections, the Pound Sterling to Euro exchange rate has been trending sl ...
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EUR/USD – Euro Steady, US Durables Next - MarketPulse (blog)
 Wed, 23 Dec 2015 09:42:06 GMT
EUR/USD – Euro Steady, US Durables NextMarketPulse (blog)   As well, this move is expected to be the first in a series of incremental rate hikes over the course of 2016, and higher interest rates means that the US dollar will become even more attractive ...
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'Euro' and 'dollar' highest growing financial search terms on Google - Daily News Egypt
 Wed, 23 Dec 2015 23:16:34 GMT
Daily News Egypt'Euro' and 'dollar' highest growing financial search terms on GoogleDaily News Egypt   According to Google's indicators, “Price of the euro today” is the most growing search, with rates increasing by 180%. It is followed by “the price of ...
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US Dollar Index Update as at December 22, 2015

US Dollar Index is showing a little weakness at this time.

Both the Macd and RSI have been showing bearish divergence, it may be that there will be a significant decline as weeks pass.

Today’s close at 98.23 is just about to go below the 50 MA, next support level will be at about 96.50

Dollar Poised to Snap Three-Month Rally as Gradual Fed Pace Seen - Bloomberg
Tue, 22 Dec 2015 15:44:05 GMT
Malay Mail OnlineDollar Poised to Snap Three-Month Rally as Gradual Fed Pace SeenBloombergIntercontinental Exchange Inc.'s U.S. Dollar Index, which tracks the currency against six major peers, was down 0.4 percent as of 10:18 a.m. in New York. The ga ...
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FOREX-Dollar index pares losses after US GDP data - Reuters
Tue, 22 Dec 2015 13:43:00 GMT
FOREX-Dollar index pares losses after US GDP dataReutersEconomists polled by Reuters had forecast third-quarter GDP growth revised down to a 1.9 percent rate. The dollar index which measures the greenback against the euro, yen and four other currenci ...
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US Dollar Index Technical Analysis for December 22, 2015 - FXTimes (press release) (registration)
Tue, 22 Dec 2015 06:57:00 GMT
US Dollar Index Technical Analysis for December 22, 2015FXTimes (press release) (registration)The US Dollar Index has moved lower from 99.25/30 levels earlier as discussed here. The index is trading around 98.40/50 levels, looking for a retracement/p ...
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Gold Extends Early Gains as US Dollar Index Weaker - Forbes
Mon, 21 Dec 2015 15:13:00 GMT
Gold Extends Early Gains as US Dollar Index WeakerForbes(Kitco News) - Gold prices are trading solidly higher in late-morning dealings Monday, on follow-through technical buying from Friday's rebound and on some short covering in the futures market. ...
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Dollar Index and Services PMI Both Fell - Market Realist
http://news.google.com Mon, 21 Dec 2015 16:04:59 GMT
Market RealistDollar Index and Services PMI Both FellMarket RealistThe US Dollar Index measures the strength of the US dollar against other major currencies. It fell by 0.58% on December 18, 2015. The index was on a correction mode after the near 1.5 ...
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Gold Trading Strategy as at December 22, 2015

Gold

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Gold price: why it could go below $1000 – or above $1100 - The Week UK

http://news.google.com Tue, 22 Dec 2015 11:48:45 GMT

The Week UKGold price: why it could go below $1000 – or above $1100The Week UKReceived wisdom has it that gold falls in price when interest rates rise – and this cycle was set in motion by the Federal Reserve's raising of interest rates last week. Hi ...

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Something 'rare' is happening in gold: Gartman - CNBC

http://news.google.com Tue, 22 Dec 2015 15:48:00 GMT

Something 'rare' is happening in gold: GartmanCNBCIt's been a bad year for gold, but one widely followed commodities watcher says the bottom is in. 'So after a 4½ year bear market, it's time to be bullish,' Dennis Gartman told 'Fast Money' traders Mo ...

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Gold steadies after two-day rally as dollar retreats - Reuters

http://news.google.com Tue, 22 Dec 2015 15:46:00 GMT

ReutersGold steadies after two-day rally as dollar retreatsReutersLONDON Gold held near $1,080 an ounce on Tuesday after a two-day rally, benefiting from a retreat in the dollar, though uncertainty over the pace of U.S. interest rate increases capped ...

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Gold Price Analysis: Churning Near Support - DailyFX

http://news.google.com Mon, 21 Dec 2015 21:22:29 GMT

DailyFXGold Price Analysis: Churning Near SupportDailyFX... - Gold is continuing to catch a bid below $1,087.05; and traders looking to get short should wait for resistance to show. - Gold has been really volatile lately, so if you are or are plannin ...

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