Post Tagged with: "range trading"
Aussie and Kiwi out of range
While most currencies are stuck in the same range in the past two weeks, the AUD/USD and NZD/USD are out of these ranges – to the downside. The sun currently doesn’t shine on the high yielding currencies of the south pacific. AUD/USD out of range – click to enlarge. Yesterday I described how the EUR/USD
Range Trading – Frustration and Opportunities
This week’s forex trading is quite boring – most currency pairs trade in specific range. While this trade pattern isn’t exciting, it offers opportunities to run up and down the range. Could this range signal that the long-term fall of the dollar is about to change? EUR/USD, the world’s favorite pair, is trading between 1.48
EUR/USD Outlook – September 7-11 2009
Range trading was the name of the game this week. EUR/USD that closed the week in the same place as last week. Here’s an outlook for this week’s events, and a technical analysis for EUR/USD. Will it break the range this week? EUR/USD forex graph with uptrend channels Last week’s rate decision didn’t surprise anybody.
AUD/USD Trading in a Perfect Range
The Aussie is trading in quite a fix range. Too conflicting forces keep it between the technical barriers. Taking a midweek view, AUD/USD continues to be a very predictable pair. The Aussie The Australian economy never dipped into recession. It had only one quarter of contraction in a very bad period for the world. Today’s
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode. American Advance GDP for the second
British Pound Outlook July 27-31 2009
The British Pound hardly moved during the last week. This week’s economic indicators will move the Pound, but probably won’t move it out of its range. Here’s an outlook for this week’s key events and a technical analysis for GBP/USD. Last week provided two surprises in British news: on one hand, Retail Sales surged by