May 24 2013 @ 07:59
Pound Sterling – The Pound started the week looking upwards after it made gains against the US Dollar after an industry report showed that UK home sellers raised their asking prices for a fifth consecutive month in May. As a result of the data, Sterling climbed from its lowest level in six-weeks against the US currency. […]
May 24 2013 @ 07:47
Do you know how top traders handle their positions? Schools encourage us to multi-task flawlessly. The more errors a student makes, the worse the marks awarded and therefore less the commendation, for many errors. Mistakes are frowned on in the medical world, business world and the engineering world. Indeed, the willingness to be perfect in […]
May 23 2013 @ 18:19
The following is an extract from the number one Amazon Investing Bestseller 101 Charts For Trading Success written in November – December 2010, and now out in Paperback. The book seemed to have two purposes, the first was apparently an attempt to break up my marriage as my wife was 7 months pregnant when […]
May 22 2013 @ 22:31
In yesterday’s session, the loonie had a big bullish momentum, leading to break strong resistance on the road. The USDCAD finally completed a lower high pattern, that had formed below the resistance level 1.0286, a level of vital importance because this pair tried to break it weeks ago, without success. The loonie took a new […]
May 21 2013 @ 22:02
The EURUSD is recovering a bit after it had fallen last week but this may not indicate a change of trend in the pair at the moment. The EURUSD is approaching the resistance level 1.2944, which may make a bearish rebound and fall back to the support at the 1.2823 level. If EURUSD breaks that […]
May 21 2013 @ 03:58
China Food shares (
LSE:CFC) recently made a false bullish breakout before they were pushed lower. This means that not every trading signal should be taken. Are all snakes edible? Now, this is the technical reason for the next possible direction. In a context of a downtrend, the price has largely moved sideways this month. Recently […]
May 21 2013 @ 03:44
Could San Leon (
LSE:SLE) sustain the bullish momentum it has started since April 2013? From the yearly low reached in April, the price has moved upwards significantly, favoring those who saw this early enough. But once again, could this be sustained? The EMAs 10, 20, 50 and 200 are used. The color that stands for […]
May 21 2013 @ 00:20
The AUDUSD is making a consolidation after a sharp drop. The aussie is forming a higher low pattern very clear in the daily chart and that was expected, because this pair is literally in free fall from the level of 1.0350. Now, the AUDUSD is moving in a range between 0.9828 and 0.9709, very crucial […]
May 20 2013 @ 05:14
The currency markets are in vivid Trend Confirmation Patterns – both bearish and bullish. Recently, prices have become very volatile as they approach major accumulation and distribution territories. But it is expected that those territories would be breached as the markets go in the direction of the overall biases. Thus, market participants are bound to […]
May 20 2013 @ 01:23
The GBPUSD starts a decisive week, due to the large amount of economic data to be published in the UK this week. The GBPUSD is forming a higher low pattern above support at the 1.5154 level, if it does break this support, it is very possible that this pair drop to the level of 1.5090. […]
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