It is interesting to note how the run up was fast and the subsequent drop. Many factors can be considered. News reaction and expectation, major positions being taken. Its seems though that the market do feel that the area around 1.4000 is best for now. US unemployment claims will be […]
Ah, the upcoming news do produce choppy markets. A big move to 1.4000 has happened and once again will this be the resistance? If so, we will be looking at a potential support at 2 and if selling pressure allows, a target back to 3. Any close today above 1.4000 […]
What more can i say! If nothing big changes the play of things, i will be targeting the 1.3700 zone. Couple of big news releases coming up this week. New Home Sales, Federal Funds Rate ,etc. Will be tightening my seat belt near those.
Before embarking on any challenge, ( yes forex is a challenge to me ! ) it is important to have the right tools. A good forex broker is a MUST. There are some points i feel is important. 1) Spread policy. Spread is the difference between the buy and sell […]
For this week’s review, i will like to present 2 charts. The first is M60, the next M30. Looking at the circles, we can see that M30 gives us a higher chance of early entry while giving not many more false alarm. In both instances, if we went in using […]