The pair was seen wiping out its Wednesday losses in early trading today suggesting further downside losses towards the 1.6459 level where its Nov 20’09 high is located. Further downside risk comes in at the 1.6249/60 area, its Oct 26’09/Nov 03’09 lows. These two key levels must hold if tested…
Monthly Archives: November 2009
Forex and Dow Jones Recommended Levels
EUR/USD Today’s support: – 1.5012(main), where correction is possible. Break would give 1.4980, where correction also may be. Then follows 1.4962. Break of the latter would result in 1.4946. If a strong impulse, we would see 1.4929. Continuation will give 1.4897.
Finance, Credit, Investments-modern Interpretation
Finance, Credit, Investments – Economical Categories. Modern Interpretation
Why so Many Traders Fail at Forex
The old battlefields of the middle ages are not gone, they have merely changed form. Hundreds of years ago normal men would set out to build their empires by conquering lands through the force of arms. Today, normal men like you and i set out to build our financial empires by conquering markets throught the force of self. The blood soaked battlefields of yesterday have made way for the cash soaked commercial battlefields of today, with the large private armies of Family warlords making way for large pools of
Trade Idea: GBP/USD – Sell at 1.6650
Cable’s selloff after yesterday’s rise to 1.6747 has reinforced our early consolidative view and although sterling has recovered after intra-day fall to 1.6500, upside should be limited to the Tenkan-Sen (now at 1.6623) and the Ichimoku cloud area (now at 1.6648-82) should remain intact, bring another decline later. Below indicated…