Category: Forex articles
Monthly Trading Report (July 2011)
July Trading Results The profits mentioned here were realized last month. The trading results on live accounts and demos are similar; the difference is the position sizes that are proportional to each account balance. The USDCAD proved to be difficult in July, but we made some gains anyway. We made additional 14.42% as closed profit. [...]
Usd/Chf Down to 0.75
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Nigeria’s National Currency (1914 – 2014): One Money, Many Transitions …
Our special correspondent, NUHU YAR’WA, in this historical treatise reveals that Nigeria may not have attained the dreams of its founding fathers as the most developed nation in Africa – politically, economically and technologically even though she has attained 50 years of nationhood; not because she has had no political transitions and economic adjustment programmes [...]
AUDUSD: Follow Through Lower On Bear Pressure.
AUDUSD: Follow Through Lower On Bear Pressure.Friday, August 05, 2011 by Mohammed Isah of FXTechstrategy.com This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein [...]
AUDUSD: Sells Off, Extends Bearish Momentum (Currency Outlook)
AUDUSD: Sells Off, Extends Bearish Momentum (Currency Outlook)Thursday, August 04, 2011 by Mohammed Isah of FXTechstrategy.com This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained [...]
GBP/AUD to test resistance after RBA announcement
The GBP/AUD continues to be one of the most graphically impressive downtrends in the Forex market. From the July 2010 high at 1.8140 the pair has trended lower to 1.4758 established on July 28th of this year. Despite moving over 3300 pips lower in the last twelve months, this week has brought upon new buying [...]
Sapped sentiment
Well, the good news is that some of the growth indicators out over the last 24 hours belie the growing pessimism on the global economy. China’s non-manufacturing PMI rose to 59.6 in July from 57, which isn’t too far of its recent peak of 63 and is above the average of 57.5. Similarly in the [...]
Australian Data Continues to Disappoint
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Forex – A Look at the S&P500 at Critical Support
Forex – A Look at the SP500 at Critical Support By: FXTimes on August 3 11 10:48 EDT Previous: Where will the SP 500 Go Now (7/9) In the last video update of the SP 500, the market was in a ranging mode, with some bullish action. However, it was noted that after an ABC [...]
EURUSD: Halts Declines, Strengthens (Daily Technical Strategist)
EURUSD: Halts Declines, Strengthens (Daily Technical Strategist)Wednesday, August 03, 2011 by Mohammed Isah of FXTechstrategy.com This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein [...]
