Apr 30 2013 @ 22:32
The AUDUSD is approaching a critical level. If the pair manages to overcome this barrier, would have a very clear bullish way in the medium term. There is a very strong resistance level 1.0391, which coincides clearly with the 200 day moving average. If the AUDUSD breaks this resistance, it is very possible that the […]
Apr 29 2013 @ 23:20
The USDJPY had a start to the week without significant movement for that reason, has not yet defined the trend for this week. The USDJPY is close to important technical levels. On the one hand, there is a strong resistance at the 98.07 level, if the USDJPY breaks this resistance, it is likely that this […]
Apr 29 2013 @ 07:24
Pro-cyclical currency instruments would normally go northward in bull markets, as prices are breaking more and more supply levels. On the other hand, anti-cyclical currency instruments tend to exhibit a measure of strength only in bear markets, as prices are breaking more and more demand levels. Sometimes a confirmed bias may last longer than one […]
Apr 28 2013 @ 00:03
Position trading means long term trading. You open your trades and run them for weeks or months. The more experienced you’re, the more you’ll likely let your profits run. Why would you go for 50 pips when the markets still have the room to move in your favor by 500 pips? That’s position trading. The […]
Apr 26 2013 @ 07:32
The trading technique described in this article is one of the trader’s entry techniques available for traders. This one comes with the Simple Moving Average period 12 (SMA 12), and the Commodity Channel Index period 20 (CCI 20). Here, the way the CCI is used is unique because it isn’t according to the uses suggested […]
Apr 23 2013 @ 19:40
The AUDUSD had a bearish session yesterday due to poor economic data in China, but the Aussie closed the day at the same level as the opening. The AUDUSD found strong support at the 1.0256 level, where it made a rebound in the yesterday’s session. If the aussie manages to make a breakout in this […]
Apr 22 2013 @ 21:40
The EURJPY is very overbought on the higher charts, which indicates that this pair may fall in the coming days. This pair is facing to a very strong monthly resistance at the level of 130.57. It is quite possible that the EURJPY can not make a breakout of this resistance this week, because the technical […]
Apr 22 2013 @ 21:29
In the session on Monday, the GBPUSD had a slightly bullish day, recovering from the losses that had last Friday, when was published the new Moody’s credit rating for the UK economy. Possibly, the GBPUSD is forming a higher low pattern in this chart but keep in mind that the GBPUSD is not out of […]
Apr 22 2013 @ 13:57
EURUSD Primary trend: Bullish The outlook on this popular pair remains bullish, and it is expected to be so. There is a Bullish Confirmation Pattern on the chart (with the indicators pointing to further northward possibility). A long position may be judicious on the EURUSD as long as a stop is put around the support […]
Apr 21 2013 @ 19:05
Last week, the EURUSD made very volatile movements but failed to leave the range in which it currently is. The EURUSD is near the bullish trend line and support at the 1.3018 level. If the EURUSD does make a bearish candlestick breakout in the trend line and support, the EURUSD could fall to support at […]