GBPUSD Analysis – Mar 15, 2008
GBPUSD’s up trend remains and the rise from 1.9361 extends to as high as 2.0391. As long as the rising price channel support holds, rise to 2.0500 to reach the next cycle top on daily chart is...
Month: March 2008
EURUSD Analysis – Mar 15, 2008
EURUSD’s up trend remains and rise sharply to as high as 1.5687 level. As long as the up trend line from 1.4778 to 1.5281 support holds, rise to 1.5800 area to reach the next cycle top on...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD gives back Tuesday’s gains• Volumes lighter but sentiment relentless• EURO scores another new high Overnight Preview • Traders expect two-way action• Likely to have downward bias continue Looking Ahead • 7:30 AM...
The Basics of Swing Trading
Swing trading occupies a unique position in the world of trading, blending elements of trend following and day trading. It involves holding stocks for a short period and capitalizing on intra-week or intra-month oscillations. Successful swing traders...
Forexpros Daily Analysis
Overnight Asia/Europe • USD initially firmer in Asia, breaks lower in Europe• Traders note stop-driven trade• Demand for EURO from Middle-East accounts noted Today’s Economic Reports • None of note in the US Looking Ahead • All eyes...
Flag Patterns in the Forex Market
When talking about flag patterns, it probably will remind many traders of wedges and triangles, actually there’s no difference among them – they are short-term continuation patterns. For convenience, we’ll call all these patterns as flag in...
USDCAD Analysis – Mar 12, 2008
No changed in our view, USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still in favor. Down trend will resume after...
USDCHF Analysis – Mar 12, 2008
USDCHF is forming a cycle bottom and the down trend from 1.1105 might has completed at 1.0132 level, key resistance is at 1.0500, a break of this level will confirm the cycle bottom and rebound to 1.0700...
USDJPY Analysis – Mar 12, 2008
USDJPY is forming a cycle bottom at 101.41 level, key resistance is at 104.17, a break of this level will confirm the cycle bottom and consolidation to the down trend could be seen in the next two...
AUDUSD Analysis – Mar 12, 2008
AUDUSD broke below the price channel support and formed a cycle top at 0.9496 level on daily chart. The pair is now in down trend. Pullback to test 0.8512 previous low support is expected. Near term resistance...