Archive for March, 2008
Weekly Forex Market Commentary
Foreign exchange encountered one of the most volatile periods in a while during last week. The aggressive recovery of the US currency took no prisoners, but the pause for Easter is jeopardizing the move. The dollar must extend its upmove quickly, or the recovery will end and the major downtrend will resume.
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EUR/USD - Euro Dollar, American Session - 25/03/08
1,5587. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,5525. The uptrend should continue to gather momentum. The target is expected […]
USD/CAD - US Dollar Canadian Dollar, American Session - 25/03/08
1,0176. USD CAD is in a consolidation after the last bullish movement. USD CAD is in a range between 1,0130 and 1,0300. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take […]
GBP/JPY - British Pound Yen, American Session - 25/03/08
199,75. GBP JPY is in a consolidation after the last bullish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 201,00. The price […]
EUR/JPY - Euro Yen, American Session - 25/03/08
155,88. EUR JPY is in a consolidation after the last bullish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 156,70 resistance. The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) […]
EUR/CAD - Euro Canadian Dollar, American Session - 25/03/08
1,5860. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on […]
EUR/AUD - Euro Australian Dollar, American Session - 25/03/08
1,7064. EUR AUD is in an uptrend supported by 4H exponential moving averages. EUR AUD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,6950 / […]
US Dollar Forex Trading Strategy
Currency trading with the greenbackMuch of the strength the US dollar gained ahead of the Easter holiday is begin to sap away in forex trading on the currency market. Currency trading with the greenback should consider that the US dollar weakness is beginning to return. Reuters reports on information that could help your US dollar […]
Down Under Currencies Gain in Forex Trading
Aussie, kiwi in currency trading on the FX marketThe down under currencies are on the rise in forex trading on the currency market as the carry trade resumes. Risk appetite is making a bit of a comeback today, and that is prompting some currency traders to take advantage of high-yielders, including the Aussie and the […]
South Korean Won Gains in Currency Trading
Asian currency up in forex tradingThe South Korean won is making solid gains in currency trading on the FX market as it advances. Risk appetite is increasing in other stock markets, and that its making equities more desirable in some cases. The Asian currency is having a turnaround in forex trading after losing to the […]
