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Tuesday, April 29th, 2008Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
GBP/JPY Relinquish Morning Gains
Monday, April 28th, 2008GBPJPY maintained its last week’s bullish tone in the European session this morning. The rallies presented trading opportunities. The move of the day started with a quote of 206.78/80 and quickly GBP/JPY Gain Recedesprovided a +100 pips opportunites in less that two hours of trading. After an hour of further consolidation the market rose to a daily high of 208.63.
GBP/USD, GBP/JPY, EUR/GBP - Low Risks Opportunities Today
Friday, April 25th, 2008Across board, the pounds sterling, faired well against other currencies, GBP/USD, GBP/JPY and even the grand old lady, EUR/GPB. All presented low risks opportunities today. From the blast of the bell this morning the pound shot out like a man who stole.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.
The GDP [...]
EUR: Is This Trend Sustainable For the Long-term
Monday, April 14th, 2008The EUR upward surge in the face of a down-beat global economic climate is one of bemusement. In forex trading there are many factors to directional movement. At a time when the macro economic data does not tally with the rally we shall investigate the whole spectrum. The question is, “What has been the intrinsic prime-mover in the EURo zone?”
In [...]
Forex Trading: 3 Easy Steps To Make Consistent Gains
Sunday, April 13th, 2008Many have been caught up in the euphoria of forex trading and how easy it is to make money from it. Forgive my naiveté if I did not share the say sentiments. Could you imagine it that easy? It’s like saying I’ll make good surgeon without training in two years. Good butcher I might. Why? [...]
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.
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?
Forex Trading: Exciting Times To Be Involved
Thursday, March 20th, 2008Economic woes, the presence of recession, war in Iraq, oil and gold prices reaching heights never before traded in recent years all make the forex trading market the more exciting. A place I’d rather be as a forex trader. What makes it so exciting at this point? In all walks of life, fluidity and movement is required to maintain a healthy lifestyle. The market is no different. Volatility, movement, macro economics, geopolitical problems are part of forex trading. These factors create the atmosphere which lend us these opportunities each passing day.
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