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In the Financial Papers: Today’s Top Forex News 07.23.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy Read my Daily report on DailyFX.com In the Financial Papers:...
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Trading links stocktake
I was doing some housekeeping on my bookmarks, here are some trading links I thought it might be useful to my readers. Trading Plan:. Trading Plan Template; Questions to ask when writing a trading plan; Some interesting debates about ...
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Forex Trading: NZDUSD is moves below but back above trendline support
The NZDUSD dipped below trendline support at 0.7506 but has been able to climb back above the level. Tonight at 5:00 PM the central bank will be make their interest rate announcement. The possibility of a cut has been...
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Forex Trading: GBPUSD has good support
The GBPUSD has held the support level at the 1.9962 to 1.9970 level this morning. The pair has three separate support levels in the area. The 100 (1.9970) and 200 hour (1.9966) MA have converged at the level, along with the 38.2% ...
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Forex News: Crude oil inventories down by 1.56 million barrels but ...
Gasoline inventories rose by 2.85 million barrels versus +200000 expected. The market is focusing on the gasoline inventories it seems. In EURUSD watching the 1.5718 level on the upside and 1.5689 on the downside. ...
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Forex Trading: EURUSD breaks through day lows
The EURUSD has broken through the days lows and stops moved the pair to 1.5703 level. Will be watching the old low (1.5718) to see if it is able to contain the bounce. On the downside, in addition to the 50% retracement target (see ...
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New Zealand Dollar Technical Outlook
The NZDUSD continues to fall and is likely in a 3rd wave down.
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Australian Dollar Technical Outlook
The drop below .9677 may be a C wave of an A-B-C decline from .9849.
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Canadian Dollar Technical Outlook
Wave E may be complete.
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Swiss Franc Technical Outlook
Since the beginning of May, the USDCHF has traded in a choppy manner with a downside bias.
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British Pound Technical Outlook
We wrote yesterday to "keep risk at 1.9810 and look for support near 1.9875".
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Yen Technical Outlook
We?ve indicated our lack of confidence in the bearish USDJPY position in recent days and today price action proved us wrong.
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Euro Technical Outlook
We wrote yesterday that "we are longer term bullish against 1.5611 but expect a drop below 1.5783 in order to complete a 2nd wave correction from 1.6039."
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DailyFX Analysts Bullish Yen Crosses
7 out of 9 DailyFX Analysts Bullish Yen Crosses Over the past few trading days, the Japanese Yen crosses have done very well thanks to the rally in the...
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Euro Bullish Opportunity Against 1.5611
The expected drop below 1.5783 has occurred and we expect the EURUSD to form a low before 1.5611 and head higher, possibly to all-time highs.
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