Forex Technical Analysis for 10/01—10/05 Week
Sunday, September 30th, 2007EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: hold.
| Floor Pivot Points: | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
…
Archive of Forex blog posts for September, 2007
EUR/USD Reaches New Historical Maximums
Tuesday, September 25th, 2007With the consumer confidence surveyed in this September fall beneath the level of 1985 (from 105.6 to 99.8) the U.S. dollar can’t hold its position and loses almost 100 pips on EUR/USD rallying it to a new historical maximum at 1.4154.
While mortgage problems in U.S.A. continue to crush real estate sector throwing…
EUR/USD — 1.4500 by the End of This Year?
Monday, September 24th, 2007With the Fed’s rather predictable decision on interest rates cut by 0.50% September 18 (last Wednesday) dollar was doomed to cross the 1.4000 level (on EUR/USD). Its fall continued through all days left after the Fed’s statement release. Hitting historically high levels with the maximum at 1.4120, USD ended…
Hedging Strategies in Forex Trading
Sunday, September 23rd, 2007Today I am presenting a new article about Forex trading — 100% Hedging Strategies. As the title suggests the whole article is dedicated to earning money on Forex via hedging different currency pairs and different interest rates. Author Yannis Karamanakis gives a simple list of steps needed to perform a successful hedging…
Forex Technical Analysis for 09/24—09/28 Week
Sunday, September 23rd, 2007EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: hold.
EUR/JPY trend: buy.
| Floor Pivot Points: | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
…
Forex Technical Analysis for 09/17—09/21 Week
Saturday, September 15th, 2007EUR/USD trend: buy.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: hold.
| Floor Pivot Points: | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
…
Dollar Strengthens on Average Economic Data
Friday, September 14th, 2007EUR/USD is closing below 1.3900 level after a major rally earlier this week. The main driver for the growth were the market expectations for the FOMC to lower the interest rates by at least 0.25% next week, while last two days’ correction can be a reflections of some less confident traders, that are…
EUR/USD Stagnating After $116.9B U.S. Budget Deficit
Thursday, September 13th, 2007This week EUR/USD rallied to the new historically high levels breaking above 1.3900 level (and staying there for some time). Possible rate cuts series in the nearest future by Fed caused this dollar fall. Almost 75% of expert currency trading analysts questioned about Fed’s decision on 18th of September are…
Daily Fozzy Method E-Book by Michael Dunbar
Wednesday, September 12th, 2007A new e-book is now available for download from my site — it is called “The Daily Fozzy Method” (written by Michel Dunbar from http://www.forex-rewards.com). It describes a Forex trading strategy based on D1 timeframe with RSI, ATR and 28-EMA indicators. It is very simple to follow with…
Forex Technical Analysis for 09/10—09/14 Week
Saturday, September 8th, 2007EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: hold.
| Floor Pivot Points: | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
…
