USDCHF Analysis – October 29, 2011
USDCHF is in downtrend from 0.9314, and the fall extended to as low as 0.8569. Further fall could be seen next week, and next target would be at 0.8300 area. Resistance is at the downtrend line on...
Month: October 2011
USDJPY Analysis – October 29, 2011
USDJPY broke below 75.96 support, and reached as low as 75.65, suggesting that the downtrend from 85.51 has resumed. Key resistance is at 77.85, as long as this level holds, downtrend could be expected to continue, and...
AUDUSD Analysis – October 29, 2011
AUDUSD’s rise extended to as high as 1.0731. Further rise is still possible after a minor consolidation, and next target would be at 1.0900-1.1000 area. Support is now at 1.0300, only break below this level could indicate...
GBPUSD Analysis – October 29, 2011
GBPUSD’s upward movement from 1.5272 extended to as high as 1.6150. Further rise is still possible after a minor consolidation, and next target would be at 1.6400-1.6500 area. Support is now at 1.6000, as long as this...
EURUSD Analysis – October 29, 2011
EURUSD’s rise from 1.3146 extended to as high as 1.4246. Further rise is still possible next week and next target would be at 1.4500 area. Support is at 1.3800, only break below this level could indicate that...
Clarifying the 5% Money Management Rule
Money management is a crucial aspect of successful trading. Among its key components, the 5% rule stands out as an effective strategy to mitigate risk. This rule emphasizes the importance of never risking more than 5% of...
Forex-Metal Daily Analysis – 28/10/2011
Positive wave has covered markets.
US Data Comes into Focus after GDP Release
The economic calendar will be balanced between data out of the Japanese economy early on in the day, and the US economy in the afternoon. The US economy will be strongly in focus with reports on consumer...
AUD/USD Technical Analysis October 28, 2011
The AUD/USD rose absolutely skyrocketed on Thursday as the EU presented a bailout package finally. The commodity trade was on in all markets as the US dollar got sold off. The pair has reached a gap that...
EUR/USD Technical Analysis October 28, 2011
The EUR/USD pair shot up during the Thursday session as the EU finally came out with a bailout plan, and so far it looks like the markets like it. The move was quick and strong, and it...