How to Draw Support and Resistance on Forex Chart Tutorial Video
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EUR/USD
The EUR/USD hasn‟t been able to hold onto the gains we saw in the aftermath of the ECCB‟s move to pump liquidity into the system and traders are likely to remain focused on the downside until we see a break above 1.3970. A break of 1.3780 is a short-term trigger for new shorts.
GBP/USD
The GBP/USD remains trapped in the trading range between 1.5700 and 1.5870 in the near term and the market‟s focus is likely to continue to be on the downside. In particular, a break of 1.5700 could be seen as the trigger for new short positions.
USD/JPY
No real change on the USD/JPY but support looks to have drifted up to 76.50 as the pair
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Currency Pair Overview: Dollar Congestion In US Trade Additionally, the trading volumes were exceptionally low. On the continuously chart, the euro is consolidating in the 1.4400 area, a place that has acted as a pre-eminent European Currency Trading at StandstillGlobal Markets Outlook: 3 Events That Could Disturb the Markets During a Quiet WeekTrade Desk Thoughts: Four Days Of Historyall 11 information articles » |
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Daily Forex Analysis – December 28, 2009 EURUSD poverty-stricken above the falling trend line on 4-hour chart, suggesting that a short with regard to cycle bottom has been formed at 1.4218 level. Range trading between |
Quiet Forex Needs Spark to Ignite any Momentum
closed in antique trading. Overnight, the pair has achieved new highs amidst weak holiday buying and is presently sitting at 1.4410(see hourly chart). Dollar in Retreat after Xmas Breakall 2 intelligence articles »
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Some Things I've Learned About Forex Trading Some Things I've Literate About Forex TradingNow, the type of movement I'm describing here is something you see on the daily charts over weeks and months and has nothing to do with the smidgin bleeps |
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Forex: USD/JPY trading sideways in 91.60/40 range FXstreet.com (Barcelona) – The USD/JPY is find resistance at the 91.55 MA55 hourly chart and has been trading in the narrow range between 91.40 and 91.60 and more » |