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Forex Technical Analysis for 06/01—06/05 Week
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd...
Swiss unemployment comes in better than expected
Swiss unemployment for May has come in at 3.4%, better than the median forecast of 3.5%. Swissy is so far steady in the wake of the news, EUR/CHF effectively unchanged at...
EUR/USD optimization: the old optimum looks good enough
This study completes the third round of optimizations done with individual (isolated) time series for the major forex exchange rates. What could be a better trading system parameter optimum for EUR/USD turned out to be a disappointment. While investigating the reason, I discovered a new high risk,...
Nikkei breaks 10,000
The Nikkei has broken thru the 10,000 mark, a level that hasnt been seen since October last...
Trade Idea - Short GBP/JPY
GBP/JPY has touched the top channel line that we noted this morning. We enter a Sell Order at market (current Bid 157.37)....