poniedziałek, 18 października 2010

Settings of Trade Forex commentary: warning signs in the air – reversing signals on key pairs of FX, 10-7-10

The Forex market you threw in some warning signs of a possible today imminent reversal in most couples FX main.

We are looking into daily the daily charts, gold and the GBPUSD respectively. Note that before you reverse the daily broke at new year 27 highs less and not having close above resistance to 27 year high near 0.9850.

Gold formed a bearish reversal candle huge today that seems to have the potential to produce at least one rotation short-term bottom.

Perhaps the signal stronger today was the bar bearish pin GBPUSD who refused to resistance around 1.6050 today. This pair appears to have some room to fall downwards, as the next media isn't up to around 1.5670.

Note
: these signals are all counter-trend, but at least I'm still watching signals on withdrawals as soon as possible.

AUDUSD:                                                                                        Gold:

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GBPUSD:

1286497707-clip-8kb

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar rebounded today after the overthrow of a 15 year low against the Japanese Yen the dollar also reversed. most of its loss of session start against the euro since euro moved above $ 1.4000, making another higher.

Perhaps more news from the Forex market today was the dollar weakening of all-time Low against the Swiss franc and a low of 27 years against the Australian dollar, a result of expectations that the Federal Reserve could print more money to help save the u.s. economy anemic.

USD strength today also caused a slide in raw; oil fell from a maximum of five months and copper and gold interrupted their recent rally with gold put in its biggest move of one day less in a month.

The Dow lost points 19.07 or 0.17%, the S & P 500 lost 1.91 points, or 0.16% and the Nasdaq acquired points 3.01 or 0,13%.

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