GBPUSD Daily Forecast
Thursday, July 23rd, 2009Today’s analysis shows that the sterling is at a crossroad. We are beginning to see a head and shoulders formation from the 4-hourly timeframe as shown on price chart at 1.6516 resistance line. Linear Regression still looks bullish but will the pair break out of this range?
EUR Sideway Trade
Friday, October 24th, 2008After a night of see-saw trades in the Asian/Pacific hours, EURUSD is beginning to develop into another sideways movement. Yesterday night saw a trough developing on the hourly and 4-hourly charts as the European session winds down. Could this be the set tone for this trading day?
EUR Falls Like A Hot Knife
Tuesday, September 30th, 2008Euro, EUR held its ground against the dollar, USD in the morning trades despite the recent events in the US, European traders were very tentative in the morning trades. With volume and volatility thin on books the pair, EURUSD began dripping as European session awaits the US economic reports. The report came better than expected and the ‘EUR falls like a hot knife cutting through butter’.
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?
GBP/USD and GBP/JPY Trades Clocked +535 Pips On Stearns News
Saturday, March 15th, 2008Yesterday became my best pips collection day in my years of forex trading. The charts below are self explanatory but many of your emails have requested detailed execution tips which you will find very useful here. Forex Trading: GBP/USDI traded cable, GBP/USD and GBP/JPY yesterday. Both pairs came up trumps. I posted a couple of thoughts yesterday. My first post highlighted possible EUR/USD action play which ended up being right.
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