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AUD/JPY Technicals: Long term view is best
My view here is that we are currently nearing the end of the retracement phase which will be followed by a resumption of the downtrend. Whether the retracement ends at the 50% level at 80 or whether we see another push higher towards the golden retracement at 85.50 remains to be seen. Support...
USDCHF rebounded from 0.9002
Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.9002, suggesting that a cycle bottom is...
The Greenback Rose After Strong Economic Data
The release of strong economic data from the U.S. economy led to a stock market rally in the U.S. and the rest of the world. This led to strong implications for the Dollar. The Dollar rose against the Yen, whilst dropping against the British Pound. However, there was very little movement against...
June 15, 2009
Hello all, More profit taking on our open orders expected this week. We also have a few new trades coming as the pullback has begun. Too soon to know if it is too soon to enter or now, we can only follow what works - our trading plan. 4 Hour: Current Drop In Criteria: EUR/USD buy EUR/JPY...
Online Forex Trading » Blog Archive » Forex trading - FX Universal ...
FX Universal, a New York based company specializing online forex trading services, now offers spot gold and silver trading on the same cutting edge platform: GTS (Global Trading System). Their global client base now has access to spot ... Online Forex Trading -...