FOREX VIDEO - Pre London Outlook August 20th 2009

Source: blogs.fxstreet.com

Hi everyone, until we break out of the some of these longer term ranges, this choppy, session by session trading will prevail. This in mind all that we have at our disposal is basic price action on smaller time frames and old school support and resistance. In this video I highlight the Pound USD and Euro Yen cross. I have identified the longer term ranges and the short term trading possibilities. Good luck and happy trading. David Pegler


Read more...

  • Downgrades in Europe

    By TraderVox.com Tradervox (Dublin) - The EUR/USD opened the day negative pushing the currency pair to four month lows of 1.2656. The...

  • Forex: Euro Weakens Versus Major Rivals After US Jobs Report

    (RTTNews) - The euro saw some weakness versus other majors as traders turned to safer currency investments after data showed the U.S. unemployment rate surged to a new 26-year high above 10 percent. The euro moved slightly lower amid choppy trading against the dollar, trading near 1.4840. The...

  • Friday’s conventional wisdom on Wednesday

    Normally we try and give you a heads up on what the market will be talking about tomorrow, so you can get ahead of the curve. We had a two day lead on this...

  • Daily Forex Analysis - June 15, 2009

    Being contained by 1.6662 previous high resistance, GBPUSD pulled back from 1.6618 last week. Range trading between 1.6240 and 1.6662 could be seen later ... See all stories on this...

  • Euro plunges on the threats of delay in Greek deal

    By TraderVox.com The problems for Euro are far from getting addressed. The meeting of Euro zone officials turned out to be nightmare for the...