EUR/USD Open 1.3773 High 1.3789 Low 1.3672 Close 1.3764Euro/Dollar rose on Friday on improved Industrial production data, although Interbank sentiment remained bearish at -14.5%. The currency couple appreciated from 1.3672 up to 1.3789, closing the week at...
EUR/USD – 1.3735.. http://www.acetraderfx.com Euro trades relatively narrowly in Asia after failure to re-test Friday’s high made in Europe at 1.3796.
Market Review – 13/03/2010 02:16GMT Dollar falls broadly on Friday on long liquidation The greenback and Japanese yen weakened across the board on Friday versus most of their major counterparts. In Asia, the single currency traded with...
The important first step in identifying a potential trading opportunity is to pick the right pair. What we should be looking for is strong trending markets and then to find a trade in that same direction.
The FX markets have always been known for their long trending moves and experienced traders use this to their advantage.
Candle formations can be a valuable addition to a trader’s approach to trading, but only if used correctly.
Bollinger Bands are simply moving average bands with a volatility filter. However, it is that volatility filter that makes this one of the more valuable and popular technical indicators in use today.
USDCAD broke below 1.0206 previous low, suggesting that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed. Further decline is expected next week and next target would be at 1.0000 area. Resistance is at 1.0320,...
USDCHF broke below 1.0608 key support, suggesting that the rise from 1.0132 has completed at 1.0898 already. Deeper decline towards the rising trend line from 0.9917 to 1.0132 is now in favor. Resistance is at 1.0810, only...
USDJPY consolidates in a range between 88.14 and 92.14. Further rise to test 92.14 resistance is expected next week. As long as this level holds, one more fall towards 84.82 previous low is still possible. However, above...
