The Advisor Weblog |
- Live Webinar
- Majors’s hourly perspective pre American session
- Best pair to trade now: GBP/USD
- Eur/Usd fresh highs on sight
- Majors’s sentiment for today
- Starting the day
| Posted: 16 Nov 2009 05:47 AM PST I will be starting a live webinar on ADX uses in about 15 minutes. Be back after it! Here is the link if you wish to attend. http://www.fxstreet.com/live/sessions/session.aspx?id=fd07e603-1eed-4c34-a522-5389629381c6 Tks!
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| Majors’s hourly perspective pre American session Posted: 16 Nov 2009 05:46 AM PST Here is the link for the report:
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| Best pair to trade now: GBP/USD Posted: 16 Nov 2009 04:25 AM PST Here is my choice for today, enjoy! http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-16.html
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| Posted: 16 Nov 2009 03:31 AM PST Pair has tested again the 1.5000 level, and retreat to current price, yet daily charts show bullish trend remains healthy, with indicators back up, and price moving above 20 SMA. RSI rebound in the 50 line, momentum cutting downside up the 100 line, all support the retest of the 1.5050/60 area, where we still have our roof. Could turn into a triple roof, or just nothing but a consolidation stage in the middle of the upside trend if we get a daily close above that level. Anyway, 4 hours charts indicators seem a bit exhausted to the upside, a downside correction will find supports at 1.4920 and 1.4880, while resistances from current price are 1.4990, 1.5020 and the 1.5060 area.
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| Posted: 16 Nov 2009 03:19 AM PST Here is majors’s sentiment for today: Eur/Usd: Bullish Gbp/Usd: Bullish Usd/Chf: Bearish Usd/Jpy: Bearish Eur/Gbp: Slightly Bullish
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| Posted: 16 Nov 2009 03:07 AM PST Hi everyone, welcome back. Majors extended past Friday’s rally against greenback, holding the good tone against the American currency, supported by rising stocks and gold, that reached a new record high. Dollar failed big to extend the downside corrective movement from past Thursday, and chances for the currency to recover some ground has reduced dramatically, as rates differentials weight more at this point.With sentiment improving across the world, we could expect further risk appetite today, if U.S. data comes as expected, much better than previous month. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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