Forex-Metal Daily Analysis – 26/10/2011
The upcoming EU summit is in focus.
Month: October 2011
US Consumer Confidence Shrinking
Data on confidence yesterday also signaled a mild downtick in outlook from the previous month. The news has had some impact on the forex market, though it could magnify through longer-term analyses on US financial markets should...
EUR/USD Anlaysis
Greetings. Let’s take a look at the EUR/USD daily chart. You can see we’re in what looks to be a contracting triangle. So, look for the pair to move up to test the trendline and 1.4000 area...
Forex-Metal Daily Analysis – 25/10/2011
The EC Summit is in the focus of the market. Asian and European trading sessions: Euro: During the Asian trading session the euro continued rising against the US dollar against the background of European leaders’ promises that...
Price Action Breakouts
Price action traders feel that everything that is needed to analyze markets is available directly from the price chart, including a mechanism with which to enter into strong moves AS they begin.
USD/CAD Technical Analysis October 25, 2011
USD/CAD fell on Monday as traders sold the Dollar around the world. The oil markets also managed to break above the $90 mark, and this was massive resistance. The demand for oil could and should push the...
AUD/USD Technical Analysis October 25, 2011
The AUD/USD slammed into the 1.05 level on Monday, and pulled back slightly. The area proved to be massively resistive, but the candle is closing towards the very top of the range, which is always a bullish...
USD/CHF Technical Analysis October 25, 2011
USD/CHF rose, and then sold off on Monday to form a shooting star on Monday. The market is being manipulated by the Swiss National Bank, which has been actively working against the Franc. Because of this
GBP/USD Technical Analysis October 25, 2011
The GBP/USD pair rose on Monday, and even retested the 1.60 level. The area held as resistance during the late hours of the session, and the recent consolidation in August at this level shows that we may...
USD/JPY Technical Analysis October 25, 2011
The USD/JPY pair fell again on Monday, as the Dollar got hit against all major currencies. However, the Bank of Japan has been very vocal over the last 24 hours about “speculative” moves in the Yen, and...