In the section of technical analysis we have presented the stochastic oscillator. We have talked about what it is, how it is calculated, what its graphic representation is and how it influences trading decisions. We have also...
ForexPros Daily Analysis August 17, 2011 Euro, Pound in Longs, Hitting Resistance, Yen Hugging Lows Euro: On the daily, the euro is in longs but hit resistance at the short setup at 1.43877, with a target at...
The USD/CAD pair initially rose during the Tuesday session, but then fell to form a shooting star of sorts just above the 0.98 level. This crucial support level needs to give way for this candle to be...
The AUD/USD pair fell on Tuesday as the markets in general did, but then found a bid late in the day to form a bit of a hammer.
The USD/CHF pair had a bullish day on Tuesday as session saw a retest of the bullishness on Monday. The Swiss National Bank is set to make an announcement on Wednesday as to their intentions to devalue...
The GBP/USD pair continued to climb on Tuesday as traders were pleasantly surprised by a slightly higher than expected inflation report out of the UK this week.
The USD/JPY pair continues to sit in a stagnant fashion as the psychological game between the trading world and the Bank of Japan continues.
The US economy will be publishing reports on PPI and crude oil inventories. Should today’s news disappoint, there is a possibility that more investment will get pushed towards the safety of the USD.
The pair has confirmed a strong bullish bounce over the last trading session with a rally towards a former support at 1,05.
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonnacci retracement level.
