- 1.2615EUR/USD
- 1.4943GBP/USD
- 1.2047USD/CHF
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The Daily Picture: GBP/USD
Oct 29, 2008 - Action ForexTo the downside, break lower of current consolidation pattern will result as a pullback on 1.5850 levels. If the the support extending from 1.5740 to 1.5870 can't hold & reject prices higher, a pullback in the main triangle is considered as negative.... more..
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A Fed Rate Cut Supports Bullish Euro Technical Outlook
Oct 29, 2008 - Action ForexThe Euro has finally shown renewed signs of life against the US Dollar, and a noteworthy correction is consistent with our earlier calls for a short-term retracement. We wrote this morning, 'Weekly RSI on the EUR/USD is now at its most bearish extrem... more..
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Short-Term Technical Outlook: AUD/CAD
Oct 29, 2008 - Action ForexThe AUDCAD has faced increased selling pressure after reaching a high of 0.9846 on 7/15/08, and may offer profitable opportunities for forex traders. On 10/8/08, the pair dipped to a low of 0.7152, but increased volatility throughout the financial ma... more..
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Clear Technicals And Balanced Fundamentals Offer A Unique AUDNZD Range Trade
Oct 26, 2008 - Action ForexTechnically, this pair has been extremely volatile - like the rest of the currency market - but price action has been otherwise contained by surprisingly clear levels. Resistance is our primary concern at 1.15/14 and is defined by notable 50% fib ret... more..
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Dollar (and Yen) Bulls on Parade
Oct 26, 2008 - Action ForexWhat does capitulation look like on a chart? Plot a chart of any time frame with a 1 period ATR and you'll see that the spikes in ATR almost always indicate turns (what capitulation looks like visually). This week (and it is not over yet) has produce... more..
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Elliott Wave - GOLD, USD/CHF
Oct 26, 2008 - Action ForexLooks like that on the swissy we have the case of the "throw-over" pattern as the prices broke through the upper black trend line resistance area, which means that the blue wave v) of V is in process. The maximum target of the whole move up is at the... more..
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Panic Spreads Through The Market Sending The Australian And New Zealand Dollars Plunging
Oct 26, 2008 - Action ForexFor months, the Aussie and kiwi dollars have been the barometer for risk in the currency markets. In today's market, we can see that the relationship is perhaps stronger than it has been in the past 14 months. With market participants still sitting o... more..
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Gold Coin Collecting Trends For 2008-2009
Oct 26, 2008 - Ezine - Forex NewsGold coin collectors everywhere are celebrating the soaring gold prices that have been seen in recent times. Coins and collections that were once valuable are now very valuable.... more..
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Is Now the Right Time to Buy Into the Stock Market?
Oct 26, 2008 - Ezine - Forex NewsConsidering the mega bailout that has recently passed and people are anxious to see light at the end of the tunnel, it sounds smart to ask, "Is now the right time to buy into the stock market?" But before you spring into action, this may be the wrong... more..
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The Bailout - The Winners and the Losers
Oct 26, 2008 - Ezine - Forex NewsYou would think that there are no clear winners with this bailout. But history has shown that these recessions and panics actually have created a select number of shrewd winners, whose deep pockets are rewarded by coming to the rescue.... more..