February 26th, 2010 by "Forex" - Google News
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February 22nd, 2010 by James Chen
Recent bullish price action since mid-January on USD/CHF, a daily chart of which is shown, has brought price up to hit a key long-term downtrend resistance line extending from the November 2008 high. When the pair reached up to hit that significant trendline this past Friday, price momentum failed in its bullishness and tentatively retreated. [...]
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February 9th, 2010 by James Chen
Price action on EUR/JPY, a daily chart of which is shown, has reached down and made a tentative bounce off key support in the general 122.00 price region. This occurs after the currency pair broke a long sideways consolidation by breaking down below another key support level in the 127.00 price region. The substantial recent [...]
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February 3rd, 2010 by Forex: iStockAnalyst.com Feed
Stocks and metals have been on a steady rise this week. The US Dollar drifting lower has helped to add fuel to the oversold bounce in equities and metals we are seeing.[More...]
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February 1st, 2010 by James Chen
Price action last week on spot silver, a daily chart of which is shown, broke down below a rough head & shoulders pattern neckline as well as key support in the 16.70 price region. At the end of last week, price had reached the noted downside support target of 16.00, approaching the bottom support border [...]
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January 28th, 2010 by Forex: iStockAnalyst.com Feed
The dollar’s strong bounce from the December ‘09 lows is almost complete according to the basic technical pattern. The dollar traded within the confines of a descending channel for months leading me to consider the possibility of a bullish upside break in my December Outlook. I again highlighted that the bounce was almost complete in mid-December. And, now it has reached my initial projection of $79. Breaks of descending channels project upside moves equivalent to the width of the channel.[More...]
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January 28th, 2010 by admin
Forex traders always talk about Forex support and resistance levels while trading. These Forex terms are of great importance for analyzing the Forex market trend and price actions.
This is the most vital and complex Forex term or concept that need attentive mind for learning. These are the trading areas, where Forex traders make psychological positions [...]
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January 22nd, 2010 by "Forex Trading" - Google News
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