USDCAD consolidates below 1.0678 resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the...
USDCAD consolidates below 1.0678
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Gold Finds Comfort in Our 2nd Tier Downtrend Line
By Fast Brokers - Gold continued Monday’s pullback on declining volume has investors locked in profits from the...
Daily Forex Tips - June 5th 2009
8:30 GMT- GBP PPI Input * This indicator reflects the change in the price of raw materials purchased by manufacturers. * This data release is forecasted to improve from the previous month’s result. * The results typically create volatile market conditions. * Higher than forecasted results...
USD making modest gains
In what has been a typical Asian morning session, some of the overnight moves are being consolidated or retraced. Others would call it momentum killing. I’m not complaining, my USD/CHF hourly chart is starting to look like it might build a constructive base around 1.0770 although this might...
Volatility Analysis: GBP/JPY
[Click on the graph above for a larger version] One of your most important indicators for trading the Forex market is the clock. Knowing how to trade — using technical and fundamental analysis, managing risk, adopting a trader’s mindset — is critical, but your effectiveness as a...
Some Interesting Chart Patterns as of May 31st 2009
I’d like to share 5 interesting chart patterns that I’ve spotted on the market recently and some of them I currently use in my trading. I won’t give any recommendations regarding their usage here, but if you are familiar...