The EURUSD recorded a record high at 1.29499 after a consistent bullish mood from the pair yesterday. It all started well for the USD when the 5.00 pm news (GMT+8) German Ifo Business Climate, fell, which is expected, and chalked a fine 1.2567. It seems that the pair is going down but it is not [...]
Good Day traders
I haven’t write a lot this week and I’m sorry for that. I’m so concentrating on the trade that i forget to update my blog. For those who are waiting for my tips, sorry again.
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I see a bearish EURUSD pattern. It is now set to weaken further towards 1.2330 level. Through this level, the pair will accelerating towards the 1.2134 level, its .50 Ret (its 0.8231-1.6038 high, monthly chart) with price extension aiming at the 1.1827 level, its Mar’06 low and ultimately its Nov’05 low at 1.1640.
but having said [...]
by Lena Manousarides
The positive market sentiment seemed to fade away and the gains we saw printed yesterday were almost gone by this morning. Asian stocks dropped and the same happened to the European markets today. The risk aversion came back once again, after banks and companies declared losses and trader’s fear and uncertainty for the [...]
Recently while broswing, i found a cool website called forexmarkethours.com. A very simple forex website with information such as money management, fibonacci method, fundamental analysis, trend lines and of course forex market hours. I’ve downloaded their application called Market Hours Monitor. It’s a cool stuff. You can basically select your time zone and you will [...]
EURUSD
I see the pair has strangled to break the 1.3298 nor the 1.2330 line. As i’m writing, the price is stuck at 1.2911. From a larger time frame view (H1, H4 and D1), I can see the price is heading up. A oversold condition is seen at the W1 time frame suggested more bullish ahead. [...]
