By admin on June 4, 2010
This week, economic and financial conditions were very reflective of the nervous optimism that has surrounded our outlook since the recovery started last year. Data points to strong second quarter growth, but an unimpressive jobs report did not send the signal that markets were hoping for namely that the Read More The Weekly Bottom Line
Posted in Forex News | Tagged bottom, line, the, weekly
By admin on May 30, 2010
The dollar rose on Friday, supported by a Spanish credit-rating downgrade and increasing tensions on the Korean peninsula. US stocks, commodities and interest rates fell. Mixed US economic data added to the anxiety about the pace of the economic recovery. The S&P 500 fell 13.65 to 1,089.41 ahead of the Read More EUR USD Trying [...]
Posted in Forex News | Tagged bottom, eurusd, find, to, trying
By admin on May 27, 2010
While the 15-minute chart of the EUR/USD has transitioned into a downtrend with the break below 1.2250, the 30, 60, and 240-minute charts are in a distribution cycle because the daily chart is in the process of forming a double bottom at 1.2143.
I’ve always thought that it is best to *assume* that a support or [...]
Posted in Forex News | Tagged bottom, eurusd, hesitation, near, the
By admin on March 23, 2010
Here’s the view of the 240-minute EUR/USD within the lookback of six weeks. The “lookback” is the amount of data I like to look at for a
Posted in Forex News | Tagged 240minute, and, bottom, eurusd, swing
By admin on March 20, 2010
The rising trend line must not be discounted as an opportunity could present itself before the presented set-up. However, we still favor a re-test of support at the 61.8% Fibo level.
Read More GBP USDs Threat of Range Bottom, Trade Opportunity
Related PostThree Months of Congestion Doesnt Guarantee a Successful USDCHF Range TradeBeyond the headlines, Britain [...]
Posted in Forex News | Tagged bottom, gbp, of, opportunity, range, threat, trade, usds
By admin on March 8, 2010
Student’s commments:
Here are my entry and stop levels on this trade.
Stop level, blue line at 128.515
Entry level, gray line at 140.602
Read More Stop Placement Double Bottom
Related PostEURUSD Forecast Bearish continues, retesting double bottom support around 14250 60 areaHow to Double Your Energy Levels In Three DaysNever Trade Without a Protective StopInterest rates on [...]
Posted in Forex News | Tagged bottom, double, placement, stop
