USDCHF Analysis – December 5, 2009
USDCHF broke above the resistance of the upper border of the falling price channel on daily chart. Sideways movement in a range between 0.9917 and 1.0337 is expected in a couple of week. As long as 1.0337...
Month: December 2009
USDJPY Analysis – December 5, 2009
After touching the lower border of the falling price channel on daily chart, USDJPY rebounded sharply from 84.82 level, suggesting that a cycle bottom has been formed. Now the pair is testing the resistance of the upper...
AUDUSD Analysis – December 5, 2009
AUDUSD continues its sideways movement in a range between 0.8916 and 0.9404. Lengthier consolidation in the trading range is still possible next week. As long as 0.8916 support holds, another rise towards 0.9500 is possible after consolidation....
GBPUSD Analysis – December 5, 2009
No changed in our view, GBPUSD is forming a cycle top at 1.6875 level on daily chart. Key support is located at 1.6251, below this level will confirm the cycle top and signal another fall towards 1.5708...
EURUSD Analysis – December 5, 2009
EURUSD dropped below the lower border of the rising price channel on daily chart. Range trading between 1.4626 and 1.5144 would more likely be seen next week. As long as 1.4626 support holds, the price action in...
Buying New Highs and Selling New Lows
One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time.
U.S. Non Farm Employment Change to Set the Level for the USD Today
Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always provides for extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the...
Daily Forex Analysis by Finexo.com 4/12/2009
EUR The European Central Bank said on Thursday that it would slowly start withdrawing the emergency liquidity it doled out during the recent economic crisis, stating that the next 12 month refinancing operation for banks would be...
Trading the Nonfarm Payrolls
This Friday, December 4th, at about 830AM Eastern, the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance...
Forexpros.com Daily Analysis – 03/12/2009
Forexpros Daily Analysis Dec 3, 2009 About Wayne: Mr.McDonell is the Chief Currency Coach at FX Bootcamp, a live forex training organization that teaches traders how to develop conservative trade plans based on technical and fundamental analysis,...