Post Tagged with: "Technical Analysis"
Kiwi Jumps After Employment Data
NZD/USD got some strengh after the quarterly Employment Change was surprisingly good in New Zealand. NZD/USD now trades at 0.5080, making a quick leap. Employment in New Zealand is comparably in a good shape. This rate is far from being the worst in the world, and still causes envy sights from other Western nations. And as
NZD/USD Broke Support Line – What’s next?
NZD/USD currency pair broke the support line of 0.5150. I’m following up on a post NZD/USD on the Edge that was written prior to this break, and after the huge interest cut of 1.5%. It came after the Building Consents squeezed by 6%. The fall of the New Zealand dollar was also helped by remarks by
EUR/USD Extends Rally on German Ifo Business Climate
EUR/USD, which has made very nice gains in the past few days, seriously extended it’s gains when the German Ifo Business Climate at 9:00 GMT. The Euro broke resistance levels of 1.3270, and broke above 1.33, for the first time in over a week. German Ifo Business Climate scored 83 points, better than 81 that was
Forex Autopilot System – Is it serious?
In Forex trading, technical analysis is often used for decision making. The logic is simple – trading patterns, and mass psychology don’t change often, and therefore conclusions can be made according to charts. Using only numbers for making decisions is controversial, but has a serious reputation. Some people use only technical analysis, others only fundamental,
GBP/AUD Short – Forex Trade for the new year
The GBP/AUD currency pair isn’t one of the popular crosses on the board. It doesn’t appear by default on forex charts on major sites. This forex trading option looks currently very lucrative. Both fundamental analysis for this currency pair and technical analysis support going short, on what looks like a serious move. GBP/AUD Technical Analysis