This week began with a relatively quiet trading session; however this calmness is likely to end today. The German ZEW Economic Sentiment and the U.S. Long-Term Purchases reports look to create large volatility in the market today....
EUR/USD Open 1.3596 High 1.3654 Low 1.3582 Close 1.3597Euro/Dollar started the week with low volatility because of the absence of economic events and the US President’s Day, trading within a small range, closing on Monday at 1.3597....
After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.
ForexPros Daily Analysis February 15, 2010 Fundamental Analysis: German ZEW Economic Sentiment European traders look forward to the publication of the German ZEW Economic Sentiment tomorrow, February 15. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment...
With a slow news day forecasted for today, the Euro continues to be weighed down by Greece’s deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank...
USDCAD dropped sharply from 1.0779, taking price back to range trading between 1.0206 and 1.0852. A cycle top has been formed at 1.0779 level on 4-hour chart. Deeper decline to 1.0300-1.0350 is expected in a couple of...
USDCHF’s uptrend extended further to as high as 1.0827 level. Further rally is still possible next week and next target would be at 1.0900 area. However, a breakdown below 1.0608 will indicate that a cycle top has...
USDJPY stays in a falling price channel and remains in downtrend from 93.75. As long as the channel resistance holds, we’d expect downtrend to resume and one more fall to 88.00 to reach next cycle bottom on...
AUDUSD formed a cycle bottom at 0.8577 level on daily chart. Bounce to 0.9100-0.9150 area is expected after consolidation. Key support is now at 0.8577, only fall below this level will indicate that the downtrend from 1.9327...
After breaking below 1.6708 support, GBPUSD traded in a narrow range for several days. Deeper decline is still in favor after consolidation and next target would be at 1.5200-1.5300 area. Resistance are at 1.5780 and 1.5950. Key...
