FOREX VIDEO - New York Session Review - August 27, 2009

Source: blogs.fxstreet.com

The US dollar had attempted, but failed, to make new gains against multiple currencies for a full round-the-clock cycle. During the final hour of European trading, the USD bulls seemed to give up, and the bears stepped in. Currency correlation, identification of basic support and resistance, and a Fibonacci study contributed to creation of a trade plan to go long on the GBP/USD currency pair. Those traders who took the shot, then closed the trade at the next significant level of resistance, earned a 60-pip profit at today’s London close. Curt Wehrley FX Bootcamp’s Quantitative Analyst


Read more...

  • Dukascopy Morning Forex Overview - Sept 29 09

    Previous session overview The dollar and euro rose against the yen in Asia Tuesday as Japanese importers bought the two currencies to procure natural resources cheaply from overseas, but traders expect the greenback to soon resume falling. Hedge funds also sold the yen to unwind positions they had...

  • EUR/USD stops tripped as 1.4070 gives way

    Support at 1.4050 is being tested as EUR/USD liquidation continues. Stops below the 1.4070 levels have been trigger on this latest slide. 1.4015 is next support should the pullback extend. One interesting note in EUR/USD: we have not closed below the 10-day moving average since late april. That...

  • Netflix Reverses DVD, Streaming Split

    Netflix Reverses DVD, Streaming Split by Justin Dove, Investment U Research Tuesday, October 11, 2011 The broad market sell-offs over the past...

  • WORLD FOREX: Dollar Rises As Gloomy Outlook Prevails

    LONDON (Dow Jones)--Gloomy global sentiment prevailed, helping the dollar to make gains against most other majors in Europe Thursday. Stronger than expected employment data from Australia did boost risk appetite at one stage earlier in the day but the move was brief and investors soon lost...

  • Forex: GBP/USD falls back to intra-day lows close to 1.6415

    fxstreet.com (Barcelona) – After bouncing at 1.6415 and testing the 1.6500 level, GBP/USD has been rejected by the 1.6525 level to break the MA200 and MA55 ... The FastBrokers Research Team comments: “Technically speaking, the Cable’s inability to test 10/23 highs has dragged the currency...