Forex Technical Update 6/26/2011 – Commodity Currencies this Week
July 28, 2011 by admin
Filed under Fx Forex Trading Tips
www.fxtimes.com – Forex News, Analysis, Education, Charts, Videos, Webinars, Live Events and More We have seen commodity prices stabilize and fall recently. Gold, Silver, and Oil fell sharply towards the end of last week. The AUD has been in and out of the traditional correlation with gold in the short-term, but the medium term picture shows both in topping action. USD/CAD rallied sharply the Obama administration announced it will tap strategic oil reserves. Finally the NZD/USD remains resilient, but has also stabilized the sharp rallies we have seen in 2011. Let’s take a look at the charts, and wee what can we expect this coming week from a technical perspective? Fan Yang CMT Chief Technical Strategist FXTimes Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.
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Pt1, Toni Hansen: Trading Currencies using Momentum, Support and Resistance using FX Options
July 21, 2011 by admin
Filed under Fx Forex Trading Tips
The theories of momentum, support and resistance are a few of the basic principles of technical analysis. Learn more about why trends might continue, or conversely why they might change directions.
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Pt2, Toni Hansen: Trading Currencies using Momentum, Support and Resistance using FX Options
July 12, 2011 by admin
Filed under Fx Forex Trading Tips
The theories of momentum, support and resistance are a few of the basic principles of technical analysis. Learn more about why trends might continue, or conversely why they might change directions.
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Forex Currencies
June 15, 2011 by admin
Filed under Fx Forex Trading Tips
www.ForexConspiracyReport.com – Forex Currencies In times of great market upheaval trading Forex currencies has the potential to be very profitable. Today, for example, there is civil war in North Africa in the country of Libya and political unrest in several other nations of North Africa and the Middle East. These situations tend to drive investors to put their money in safe haven Forex currencies such as the US dollar, Swiss franc, and Japanese Yen. Then, of course, there has been a natural disaster of historic proportions in Japan. The earthquake and resulting tsunami has caused terrible devastation on the Northeast coast of the home island. At first glance traders expected the Yen to fall in value due to the effects of the tsunami on the Japanese economy. Then Japanese investors started divesting themselves of offshore assets in order to pay for reconstruction at home. This repatriation of Japanese assets means that Japanese currency traders are buying Yen and selling other Forex currencies. The sum total of assets monetary assets being returned to Japan caused the Yen to rise significantly in price causing comment by the G7 economic ministers and intervention by central banks across the globe in order to maintain a stable market and pricing between the Yen and other Forex currencies. As we noted above, trading Forex currencies can be very profitable at such times. There tends to be a great deal of volatility in the foreign currency markets and high volume trading as …
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Currency Meter buy Strongest Forex Currencies vs Weakest – Dec 9 2010
December 26, 2010 by admin
Filed under Fx Forex Trading Tips
The currency meter shows which currencies are strongest and weakest and just buy strongest vs weakest and sell weakest vs strongest. Today it was obvious to sell the EUR/USD, EUR/AUD and others.
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