Dear Traders, I decided to create a new category called PRODUCT REVIEW. Under this category, I’ll write some brief description about some of the FOREX system that are being sold in the net; since I had a lot of queries which system is the best. It’s a hard question to answer though…All in all, its [...]
For those who have been following the EU trend recently, you’ll be noticing that the trend is actually going down; meaning a BEARISH trend. Tonight is no different. Supported by these two news, namely the BUILDING PERMITS and the PRELIM OUM CONSUMER SENTIMENT, my bet is for the USD to go stronger against EUR and [...]
Morning, First we are going to have a peek at the EU pair. This pair has shown a clear DOWNSIDE momentum following its closed at 1.3410 last week. Although a recovery higher was seen on Friday following a test of the 97.91 low, as long as those upside gains are contained by its eroded supported [...]
I got a meeting on ISO at 3.00 pm. Before that, i’ve open 2 trade. And the result…..15+ pips each. Not bad for a 30 minutes job. Tonight the only exiciting news to watch is the Trade Balance (USD). It measures the difference in value between imported and exported goods and services during the reported [...]
Dear traders. One of my fundamental resources comes from pfxglobal.com and I believe many of you would agree on how well their reputation are. If you’re a newbie and would like to know more on FIBONACCI, I strongly recommend this online course from Pfxglobal.com. The course is divided into 6 sections and the explanations are [...]
I found a very good article from fxgreece that is worth of sharing. Happy reading! What a week this one is turning out to be, with NIKEI dropping almost 1000 points last night and DOW JONES still trading well below 10.000!The market sentiment remains negative and there is chatter amongst analysts that we haven’t seen [...]
EURUSD: Resumption Of Medium Term Decline Risks Weakness Towards The 1.3682 And 1.3366/61 Levels. Watch out for its April’07 high at 1.3682 with a clean break lower targeting its Dec’04 high/August’07 low at 1.3366/61 and possibly lower aiming at the 1.3264 level, which marks its Jun’07 low. Directional Bias: Nearer Term –Bearish Short Term –Bearish [...]
