Forex Trading: USD/CNH Re-testing Lows

Source: www.dailymarkets.com

The pair hasn't traded below this level since January 19th. If we can close below 6.2872 we may see further selling with no significant levels between here and the all time low of 6.27195. If support holds we look back to the 38.2% line.


Read more...

  • Dukascopy Afternoon Forex Overview - Sept 16 09

    Previous session overview The dollar is trimming overnight losses against major rivals early in the New York session, although it remains down against the yen. The euro had climbed to another nine-month high Wednesday against the dollar for its seventh consecutive trading session, driven by risk...

  • WORLD FOREX: Euro Lower On Economy Worries - Wall Street Journal ...

    WORLD FOREX: Euro Lower On Economy Worries Wall Street Journal By Dan Molinski Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The euro is lower against the dollar and other currencies Friday morning in New York after weak data out of the ... Forex Trading Revealed - Forex... -...

  • Forex Money Rain?

    Money Rain Corporation is a Forex broker with a MetaTrader 4 platform that offers quite interesting conditions to its traders. Its description was uploaded to my site today. MRC offers trading mini accounts from $100. The most interesting advantage it has...

  • China’s Industrial Output for May rumoured to be higher than expected

    There is a story printed in today’s HK newspaper, Ming Pao Daily, that the upcoming Chinese May Industrial Output number will show growth of 8.9% yoy. If this is true it will be much greater than the median forecast of 7.6% that the market is expecting and should cause a stir in the currency...

  • USDCHF’s rise extended to 0.9234

    USDCHF’s rise extended to as high as 0.9234 last week. Support remains at the lower line of the price channel on 4-hour chart, as long as...