GBPUSD Daily Forecast: November 23
November 22, 2009 by FX Instructor · Leave a Comment
GBPUSD Forecast: The GBPUSD made another bearish momentum on Friday, bottomed at 1.6459 and closed at 1.6501. My bearish scenario is now confirmed with 1.6400 and 1.6250 as technical target. However we have some upside rebound earlier today in Asian session and CCI in oversold area and about to cross the -100 line up so [...]
Daily Forecast for Crosses: November 23
November 22, 2009 by FX Instructor · Leave a Comment
EURJPY Forecast The EURJPY had a moderate bearish momentum on Friday, bottomed at 131.78 and closed at 132.03 but we had some upside rebound earlier today in Asian session as the pair traded higher around 132.50 at the time I wrote this comment. The bearish scenario should remains intact and at least we have two [...]
USDJPY Daily Forecast: November 23
November 22, 2009 by FX Instructor · Leave a Comment
USDJPY Forecast: The USDJPY still trapped in range area of 89.40 – 88.80/60 area on Friday indicating consolidation. The bias remains neutral and my strategy remains the same, which is to buy around 88.80/70 area or to sell around 89.40 with a tight stop loss. Break on either side should give us clearer direction towards [...]
USDCHF Daily Forecast: November 23
November 22, 2009 by FX Instructor · Leave a Comment
USDCHF Forecast The USDCHF still trapped in range area of 1.0120 – 1.0207 on Friday. As you can see in my h4 chart below, price made a bearish momentum after false breakout above 1.0207 area. This fact should keep the bias remains neutral but the false breakout could lead to further downside pressure testing 1.0120 [...]
Clues from Gold about the US Dollar
November 22, 2009 by FX Instructor · Leave a Comment
Simultaneous Release at www.thegeekknows.com Follow me on twitter Over the weeks, we have seen the gold rising in price while the US Dollar drops. So what is the current situation now. Why is the gold rising? 1) The US dollar is weakening. The US Dollar index, an index placing the US Dollar against a basket [...]
EUR/USD Weekly Review 21 Nov 09
November 21, 2009 by FX Instructor · Leave a Comment
Simultaneous Release at www.thegeekknows.com Follow me on twitter Good day to all. In my previous weekly review, i commented that the EUR/USD may consolidate further and we did indeed. While the pair did see upside action at first, it fails later on to end the week in one of the important area that i look [...]
EURUSD Weekly Summary: Still under pressure, Euro able to stay above 1.4820 key support level
November 20, 2009 by FX Instructor · Leave a Comment
The EURUSD made another downside attempted yesterday, slipped below 1.4820, bottomed at 1.4801 but still closed above 1.4820 at 1.4860. On my daily chart below, we can clearly see that 1.4820 has been providing a good support area as price bouncing to the upside after touched or slipped below that area. I have no doubt [...]
EUR/USD Daily Review 20 Nov 09
November 20, 2009 by FX Instructor · Leave a Comment
Simultaneous Release at www.thegeekknows.com Follow me on twitter Good Friday Koalas!!!! i love Fridays. Finally i get time to read up on my forex. Friday however is not the safest of day to trade though. Seems like our ranging views are correct and the price tested 1.4800. While the EUR/USD seems to be ranging, S&P [...]
