The Moving Average Trade
The FX markets have always been known for their long trending moves and experienced traders use this to their advantage.
Month: March 2010
Trading with Candle Formations
Candle formations can be a valuable addition to a trader’s approach to trading, but only if used correctly.
Trading with Bollinger Bands
Bollinger Bands are simply moving average bands with a volatility filter. However, it is that volatility filter that makes this one of the more valuable and popular technical indicators in use today.
USDCAD Analysis – March 13, 2010
USDCAD broke below 1.0206 previous low, suggesting that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed. Further decline is expected next week and next target would be at 1.0000 area. Resistance is at 1.0320,...
USDCHF Analysis – March 13, 2010
USDCHF broke below 1.0608 key support, suggesting that the rise from 1.0132 has completed at 1.0898 already. Deeper decline towards the rising trend line from 0.9917 to 1.0132 is now in favor. Resistance is at 1.0810, only...
USDJPY Analysis – March 13, 2010
USDJPY consolidates in a range between 88.14 and 92.14. Further rise to test 92.14 resistance is expected next week. As long as this level holds, one more fall towards 84.82 previous low is still possible. However, above...
AUDUSD Analysis – March 13, 2010
AUDUSD’s bounce from 0.8577 extended to 0.9193 level. Support remains at the rising trend line from 0.8577 to 0.8801, as long as the trend line support holds, further rally is expected and next target would be at...
GBPUSD Analysis – March 13, 2010
GBPUSD is forming a cycle bottom at 1.4784 level on daily chart. Key resistance is at the falling trend line, a clear break above this trend line resistance will confirm the cycle bottom, then further rally could...
EURUSD Analysis – March 13, 2010
EURUSD had formed a cycle bottom at 1.3435 level on daily chart. Bounce to 1.3900-1.4000 area to reach next cycle top is expected next week and the next cycle top is nearing. Support level is now at...
The US stock market review
On Thursday, the US stock indices were up, where Standard & Poor’s 500 grew to a 17- month high amid the optimistic comments of the Chief Executive Officer of Citigroup; which pushed upwards the financial markets’ stocks...