Dec 27, 2011

Forex Crunch Trade Responsibly Chapter 9: Use More Predictable Currency Pairs

Forex Crunch Trade Responsibly Chapter 9: Use More Predictable Currency Pairs

Trade Responsibly Chapter 9: Use More Predictable Currency Pairs

Posted: 27 Dec 2011 02:00 AM PST

Some currency pairs tend to follow patterns in a much more readable way. With the best ones, patterns can be easily seen with the naked eye, before placing the first line on the chart. It is important to be aware of this before looking for a trade.

With more predictable currency pairs, clear support and resistance lines will be respected in a better manner. This means that when the pair approaches the line, its movement will slow down. Does it lack the momentum to break? This line will serve as a bouncing spot, and the price will return towards the middle of the range.Trade Forex Responsibly

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EUR/USD Dec. 27 – Remaining in Range, Waiting for Oversold Conditions To Wane

Posted: 27 Dec 2011 02:20 AM PST

Euro dollar remains in a very limited trading range as most financial centers return to business. Italian 10 year bond yields top the 7% mark once again, before significant US figures are released. Recent data shows that the bias against the euro is still too strong. Will we see a significant move now?

Here's an update on technicals, fundamentals and what's going on in the markets.

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USD/CHF: Trading the Swiss KOF Economic Barometer

Posted: 27 Dec 2011 12:54 AM PST

The Swiss KOF Economic Barometer is a leading indicator which measures overall economic activity and is an excellent indicator of Swiss economic conditions. The indicator, which is released monthly, has a major effect on USD/CHF.

Here are all the details, and 5 possible outcomes for USD/CHF.

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Forex Daily Outlook December 27 2011

Posted: 26 Dec 2011 02:00 PM PST

CB Consumer Confidence is the main event lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB) Consumer Confidence, Financial confidence is a leading indicator of consumer spending Survey to value the consumer spending and rate the total financial situation, due to rise from 56.0 points  on November up to 58.5 points now.

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