Forex-Metal Daily Analysis – 30/09/2011
Euro strengthened after the German Parliament accepted changes in the EFSF.
Month: September 2011
30th September, 2011 – Daily Forex Report by GFM Research
On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
EUR Remained Bullish on Better than Expected Economic Data
Germany’s approval Thursday to increase the size and flexibility of the euro zone’s bailout fund and better than expected U.S. economic data pushed the ERU/USD pair above 1.36 Thursday, though it has pared some of the gains...
Stochastic Crossovers
When using Slow Stochastics in a downtrend, the optimum sell signal given by the indicator occurs when the two moving averages comprising the indicator have been above 80 and then move below 80.
Bollinger Bands: Defining Dynamic Markets
Bollinger Bands are a versatile technical analysis indicator widely used among traders. John Bollinger first developed this indicator as a solution to find relative highs and lows in dynamic markets. The indicator itself is comprised of an...
The Trend is Your Friend!
If you ask a hundred professional traders their strategy, you’d likely get a wide-range of responses. One of the best parts of markets, the fact that there isn’t JUST one way of being a profitable trader –...
EUR/USD Technical Analysis September 29, 2011
The EUR/USD pair rose on Wednesday, but fell later in the day as traders sold off risk. The Euro still have massive uncertainty surrounding its prospects, so buying it doesn’t appeal to many.
GBP/USD Technical Analysis September 29, 2011
GBP/USD had a slightly bearish day on Wednesday, but it should be noted a lot of those losses came late in the session again. This shows that rallies cannot be trusted, and they are simply providing selling...
USD/CAD Technical Analysis September 29, 2011
USD/CAD rose drastically on Wednesday as traders sold off the oil markets. The 1.03 area was the most recent high in this pair, and proved to be resistive. Because of this, we want to buy – but...
USD/CHF Technical Analysis September 29, 2011
The USD/CHF pair rose on Wednesday, as the Dollar was bought in general during the session. The market is in a “safety trade” mode, and the CHF is no longer considered a decent proxy for safety as...