Forex Charts
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Tuesday, April 8th, 2008The British pound sterlings saw reversal from last week’s budding trend this morning. Forex traders began Cable, GBP/USD sell-off in the Asian and Pacific market sessions of the early hours of today. The shorts remained intact through Euro and US trading Sessions all afternoon.
EUR Set To Re-Test Points This Morning
Friday, April 4th, 2008The EUR has set itself for a bullish re-test for a possible 1.5707 and 1.5780 resistance levels on the Fibonacci pivots this morning.
This chart, (click chart to enlarge) indicates a setup for north-bound re-run but at lacking the energy because people are still waiting in the wings for today’s reports. At the moment, the market continues to consolidate make higher-lows and lower-highs creating a spring effect.
USD, Dollar Gains Reprieve
Tuesday, April 1st, 2008USD, dollar gained a stay of execution today amid recent challenges. USD/JPY ChartIt fared very well against other currencies especially the yen, JPY. At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
EUR/USD Surges Set For The Big Fall
Friday, March 28th, 2008The law of nature has it that what goes up must come down. There is a general consensus that the EUR/USD, euro-dollar is heavily over bought. Is this EUR/USD trend sustainable?
EUR Chasing All Time High
Wednesday, March 26th, 2008EUR chasing its all-time high set in the last weeks presently at 1.5833. Are the these levels sustainable? The rise in the oil-market and poor economic showing on the US Housing market has caused constenation in some quarters of the market today.
EUR/JPY Trading Within Itself
Wednesday, March 26th, 2008Euro-Yen, EUR/JPY trading within itself since the open from holiday yesterday. EURJPY chartToday’s morning action was a whipsaw which lacked directional aftermounth. The cross has vaccillated between 38.8 and the 50.0% pivot lines on the Fibo all morning since the 9.am spike. I was taken out from my long position by the whipsaw at 156.06 this morning with an entry of 156.46. I lost -40 pips.
EUR Spikes To New High - Hovers $1.6000 Mark
Tuesday, March 18th, 2008EUR spiked to new highs of 1.5906 yesterday triggering speculation in the forex market and other global financial institutions of the greenback, (dollar, USD) collapse. Is this trend sustainable to the EUR zone economy?
USD Slumps Floorlessly On Bear Stearn Woes
Friday, March 14th, 2008Bear Stearns pulls them all down today. The greenback, USD drops to a record 13 year low. Dollar acquires a new status, that is, parity with the swissy, USD/CHF, swiss franc and loonie, USD/CAN canadian dollar and on equity DOW falls by a further 194 points. What is going on? How will the economy recover? What is the USD, dollar’s worth right now on your travels? What impact does this have on the global economy in the long-term?
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