Identifying a Trade Setup
A solid buying opportunity can be a pullback down to support while the market is in an uptrend, which is what we see here on this daily chart of the USD/CHF.
Month: April 2010
Keeping a Trading Log to Analyze Your Trading Decisions
One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
Daily Market Outlook by AceTrader
Market Review – 04/04/2010 14:26GMT Dollar jumps after strong U.S. employment report Although the greenback traded narrowly in holiday-thin Easter Friday in Asia as markets in Europe were closed for Easter Friday holiday,
USDCAD Analysis – April 3, 2010
USDCAD is testing 1.0061 support, below this level will indicate that the downtrend from 1.0779 has resumed, then another fall towards 0.9900 could be seen. Resistance is now at the upper border of the price channel and...
USDCHF Analysis – April 3, 2010
USDCHF broke below 1.0506 key support, suggesting that the uptrend from 0.9917 has completed at 1.0898 already. Drop to 1.0100-1.0200 area would more likely be seen in a couple of weeks. Resistance is now at 1.0750, as...
USDJPY Analysis – April 3, 2010
USDJPY broke above 93.75 key resistance, suggesting the the uptrend from 84.82 has resumed, and another rise towards 100.00 is underway. Support level is now at 93.00 followed by 92.00, as long as these levels hold, uptrend...
AUDUSD Analysis – April 3, 2010
Being supported by the lower border of the price channel on daily chart, AUDUSD bounced from 0.9001, suggesting that a cycle bottom is being formed. Another rise towards 0.9404 previous high is expected in a couple of...
GBPUSD Analysis – April 3, 2010
GBPUSD broke above the upper border of the falling price channel on daily chart. Sideways movement in a range between 1.4784 and 1.5382 would more likely be seen in a couple of weeks. Key resistance is now...
EURUSD Analysis – April 3, 2010
EURUSD stays in a falling price channel on daily chart and remains in downtrend from 1.5144. As long as the channel resistance holds, the price action from 1.3267 is treated as consolidation of downtrend, and one more...
EUR/USD analytical review with a forecast for April 2
A sharp growth of the European currency yesterday afternoon was directly related to investors’ risk appetite rising, as the positive US industrial sector data and improvement of the situation on the labor market favorably influenced on the...