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FOREX VIDEO - London Session Review - July 31 2009
Just as we opened the London session today, we immediately found ourselves in a beautiful price trap on the GBP/JPY on a 15m/hourly basis. This trap had a very precise bottom at 157.29, which just so happened to be overlapping our new hourly 21ema, and happening exactly at the London open. Also we...
What are the goals of the project?
Our primary goal is to create a public information service providing financial markets forecasts, based on our proprietary forecasting tools: an automated trading system -- a Forex Automaton™. Our secondary goal is to quantify and monitor the very existence of sustainable opportunities for...
Dukascopy Morning Forex Overview - Sept 09 09
Previous session overview The euro rose to a near nine-month high against the dollar in Asia Wednesday as soaring commodity prices spurred players’ risk appetite, increasing demand for the risk-sensitive unit. The euro, which usually benefits from higher crude oil and gold prices, rose to as...
Commodity currencies the play of the day
No matter your view of the dollar, commodity currencies will be the market darlings today. Some may be reluctant to buy AUD or CAD against the dollar against the backdrop of an improving US economy but they will likely just cross the commodity pairs against the likes of the EUR and especially the...
GBPUSD failed to break above the trend line resistance
GBPUSD failed to break above the trend line resistance and dropped from 1.5488. Now the fall from 1.5488 could possibly be resumption of...