20-year (monthly) chart of the US dollar against the Japanese yen

on Monday, November 21, 2011

FROM COLLIN TWIGGS:This is a 20-year (monthly) chart of the US dollar against the Japanese yen. The dollar has declined in a primary down-trend since early 2008. Long-term support at 80 failed to halt the fall and the greenback is now ranging...

Forex Trading is a Business – Not a Game

on Saturday, November 19, 2011

You can work from anywhere when trading, but this doesn't mean you should trade from your lazy-boy chair while eating potato chips and watching your favorite TV show. Just as with any other business, you need to separate your trading...

GOLD (Spot) intraday: again downside

on Thursday, November 17, 2011

Pivot: 1775.00Most Likely Scenario: SHORT positions below 1775 with 1753 & 1744 as next targets.Alternative scenario: The upside penetration of 1775 will call for 1786 & 1794.Comment: The RSI is mixed with a bearish bi...

AUD/USD intraday: downside prevails.

on Thursday, November 17, 2011

Pivot: 1.0165Most Likely Scenario: Short positions below 1.0165 with targets @ 1.003 & 1 in extension.Alternative scenario: Above 1.0165 look for further upside with 1.0225 & 1.026 as targets. Comment: As long as 1.0165 is resistance, likely decline to 1.0...

GBP/USD intraday: under pressure

on Thursday, November 17, 2011

Pivot: 1.5825.Most Likely Scenario: SHORT positions below 1.5825 with targets @ 1.568 & 1.566.Alternative scenario: The upside penetration of 1.5825 will call for a rebound towards 1.5875 & 1.593.Comment: The pair is pulling back on its new resistance ahead of further weakne...

EUR/USD INTRADAY: KEY Level AT 1.3555

on Thursday, November 17, 2011

EUR/USD intraday: key ST resistance at 1.3555 Pivot: 1.3555.Most Likely Scenario: SHORT positions below 1.3555 with 1.3425 & 1.338 in sight.Alternative scenario: The upside penetration of 1.3555 will call for 1.36 & 1.364.Comment: The pair is posting a rebound but stands below its resistance.Trend: ST Consolidation; MT Bearis...

GBPUSD : Going downward destination of 1.5530

on Thursday, November 17, 2011

November 16, 2011Current level - 1.5759 The pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.Finally, the pair broke...

Popular Posts