Hello traders! My forex pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD). What I wanted to show is the possible...
The Aussie (AUD/USD) Setup In The 1-Hour Chart
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Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold
This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great...
USDJPY bounced from 75.81
After breaking below 75.96 previous low, USDJPY bounced from 75.81. Key resistance is now at 76.47, as long as this level holds, the bounce...
US Wholesale inventories hit lowest level since September 2007
US April Wholesale inventories were lower than expected down 1.4% to reach their lowest level since Sep 2007. Wholesale sales also fell, down 0.4% to their lowest level since November 2005. Also realeased was the IBD Economic optimism index which rose to 50.8 in June from 48.6 in May. This puts the...
USDCHF has formed a cycle top at 0.9928
USDCHF has formed a cycle top at 0.9928 level on 4-hour chart. Another fall towards the lower border of the channel is still possible later today,...
Ken Lewis being beaten like a drum
Poor Ken Lewis, CEO of Bank of America, is in the unenviable position of having to defend himself from charges that he was either an idiot for not anticipating Merrill Lynch’s losses prior to late December, shortly before the deal was set to close or he was pressured into the closing the deal...