USD/CHF Technical Analysis September 5, 2011
USD/CHF fell hard on Friday as the Non-Farm Payroll number disappointed in the US. The pair fell as low as the 0.7720 area, but ended the day by forming a hammer. This shows that the pair may...
Month: September 2011
GBP/USD Technical Analysis September 5, 2011
The GBP/USD had a fairly quiet day on Friday as traders took a rest in this market after the Non-Farm Payroll number release. The 1.61 area looks like it is the start of a larger support are...
USD/JPY Technical Analysis September 5, 2011
USD/JPY fell initially on Friday, and retested the 76.50 area. This area is becoming more and more interesting to us as it looks like a floor for this pair at the moment. With Bank of Japan intervening...
EUR/USD Technical Analysis September 5, 2011
EUR/USD fell hard on Friday, as the Non-Farm Payroll number disappointed. The pair looks very, very weak at this point, but the range has been established between 1.40 and 1.45 – and as we are getting fairly...
Using Long Wicks for Stop Placement
As we consult the charts during our live webinars each day, when “long wicks” present themselves , we definitely take advantage of them in our trading plans.
Speeding Up an Indicator vs Slowing It Down
When we focus on an indicator in our live Trading Room webinar sessions, the question often comes up regarding the number of periods to which the indicator should be set. Should one use the default setting or...
USDCAD Analysis – September 3, 2011
USDCAD’s fall from 1.0009 is likely consolidation of uptrend from 0.9406. Another fall towards 0.9600 to reach next cycle bottom on daily chart is still possible. Key resistance is at 1.0009, only break above this level could...
USDCHF Analysis – September 3, 2011
USDCHF has formed a cycle top at 0.8240 on daily chart. The fall from 0.8240 is treated as consolidation of uptrend from 0.7067. Range trading between 0.7400 and 0.8240 would likely be seen in a couple of...
USDJPY Analysis – September 3, 2011
USDJPY remains in downtrend from 85.51, the price action from 76.29 is likely consolidation of downtrend. Another rise is expected next week, and target would be at 79.00 zone. Key support is at 75.96, only break below...
AUDUSD Analysis – September 3, 2011
AUDUSD remains in uptrend from 0.9927. Further rise is still possible next week, and next target would be at 1.0900 area. Key support is at 1.0490, only break below this level will indicate that a cycle top...