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Futures vs. Forex

The Babylonians introduced the use of paper bills for commercial purposes and Middle Eastern traders were the first to practice currency trade by exchanging coins between tribes. There were few changes in the c… Read More →

EURUSD pulls back from 1.3587

After breaking above 1.3568 resistance, EURUSD pulls back from 1.3587, suggesting that lengthier consolidation of the uptrend from 1.3105 is underway. Range trading between 1.3462 and 1.3587 would likely be see… Read More →

$/yen, still in multi-month triangle

$/yen near term outlook Long discussed triangle/pennant that has been forming since May continues to unfold.  These are generally seen as continuation patterns, suggesting an eventual upside resolution of the… Read More →

Daily Outlook for Majors 01/10/2013

EURUSD The Euro regained strength after Monday’s weakness was contained above near-term consolidation floor and 55 DMA, with fresh gains above 1.35 handle, aiming towards the range’s upper boundary. … Read More →

Daily Forex Outlook for Majors 30/09/2013

EURUSD The Euro erased last Friday’s gains, after rally stalled near 1.3567 peak and subsequent reversal dipped close to 1.3500 handle. Negative sentiment was confirmed by gap-lower opening, with price… Read More →

USDCHF’s downward movement extends to 0.9021

USDCHF’s downward movement from 0.9455 extends to as low as 0.9021. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expecte… Read More →
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