So far this session the EUR/USD pair has tested the 100 hour moving average multiple times; which now comes in at 1.3143. On the hourly chart below you can also.
Forex Trading: EUR/USD Finding Short Term Support From 100 Hr MAVG ...
Source: www.dailymarkets.com
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Cable opens firmer in Europe
Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly...
Asian forex market wrap
IMF says Euro-zone banks need a recovery plan A very quiet morning has turned into a big down-day for the JPY crosses Initial gains on regional bourses turn into losses Some US Banks allowed to repay TARP China to ease rules on investment overseas by its citizens/corporations Australian job ads...
Day-range strategy is improved by removing profit target. Profit distribution may lose second moment.
I continue developing ways of using Danica's output for profitable trading. The strategy of combining protective stop with a profit target, setting these at the extremes of the previous trading day and trading in the direction of the forecast (referred to as the Day Range strategy and reported in...
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...
New York forex wrap-up; EUR rally falters, recovers
Russia may switch share of US Treasuries to IMF-issued bonds Weber: Central banks need tools to avoid asset bubbles US trade deficit rises to $29.2 bln, meets expectations Canada posts rare trade deficit; home prices drop Goldman Sachs CEO: Recession likely to be protracted Fed’s Lacker: Fed...