EUR/GBP: Daily First up, here’s EUR/GBP on the daily timeframe, sportin’ what looks like an inverse head and shoulders. The School of Pipsology tells us that this is usually taken as a bullish signal. However, before you start positioning your long orders, you may want to wait first for the pair to trade past the [...]
By: Colin Jessup The EUR/USD has finally broken through the weekly resistance zone of 1.3233 with a close above at 1.3259, just north of the zone. This was key for the EUROs advance as this level has been hindering the Bulls process , and might still continue to as there is significant traffic to the [...]
Another year is coming to an end and I think its fair to say that in general its been a really tough one for a lot of forex traders. I have certainly found it quite hard to make money in recent months. Indeed I havent traded at all for several weeks now as Im taking [...]
Influential US investment bank says the year ahead will be a journey from despair to hope Goldman Sachs expects the oil price to rise next year, but not to the $150-per-barrel level it forecast before the collapse of Lehman Brothers in 2008. Photograph: Bernadett Szabo/REUTERS Wall Street investment bank Goldman Sachs, which is also one [...]
GBP/JPY: 1-hour What’s up, forex folks? How are you liking this potential retracement play on GBP/JPY’s 1-hour chart? Pound bears probably needed to take a breather after taking the pair to the 118.50 minor psychological support area. GBP/JPY seems to be stalling at the 38.2% Fib, but with stochastic still pointing upwards, the pair could [...]