The EUR/USD pair has rebounded. If it breaks above the key 1.3100 level then it will probably reach the top of the channel at 1.3150 where the 100-day MA is also situated nearby. There are no strong signs of reversal and the current upside is probably just a pull-back. The down-trend should resume eventually and probably reach the target from the head and shoulders top at 1.2900.…Continue
Added by Forex4you on March 5, 2013 at 6:07am — No Comments
Which came first - the chicken or the egg in the new world of Barnyard Economics???
If the first two months of 2013 market’s action could be compared to the farm, the crop would be poor and the animals unproductive, but the farmer would be enjoying a banner yea...except on Mondays. Because alas, for the eight Monday in a row, the S&P 500 closed lower. The farmer (and the markets) might opt for a three day weekend in…Continue
Added by Larry Levin on March 4, 2013 at 8:55pm — No Comments
Secret Trading Tip #29
Advanced Technicals – Moving Averages
In Tip #14, I talked about some of the basics for technical analysis. Trends and simple chart patterns are just the tip of the iceberg for technical analysis tools. There are many advanced tools that technicians use to try to find signals in the market price. One of the terms you might hear quite often is moving average.
The moving average for a market plots the result of a…Continue
Added by Larry Levin on March 3, 2013 at 8:53pm — No Comments
EUR/USD: hitting range lows
Eurodollar is consolidating in a range. Yesterday it reached 1.3160 before falling back down and it will probably fall further, given today's bearish start, with the 1.3018 lows now in focus. A decisive move below those would act as confirmation of a resumption of the down-trend down to 1.2900, the target from the head and shoulders pattern at the highs. Alternatively there is the possibility of a move higher back up to the range highs at…Continue
Added by Forex4you on March 1, 2013 at 7:00am — No Comments