Weekly Forex Outlook
The markets have been stressed by the PIGIS (Portugal, Ireland, Greece, Italy, & Spain) for the last few weeks. Right now it is suffering from exahaustion of this story. But unfortunately just being tired of it won’t make it go away. This problem is far from sorted and we have still much more unknown than…
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GBP/USD Sell at 1.5135
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Sell on GBPUSD at 1.5135 based on the test of the bottom of the 1 hour trend line the 1 hour Tunnel and historical resistance. Since there is expected volatility today with NFP, I will likely look to protect…
Forex Market GBP/USD Technical Data
GBP/USD CRITICAL POINTS 2/17/10 UPDATED 3:45 PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.5657 SUPPORT #2 1.5650 SUPPORT #3 1.5627 CLASSIC SUPPORT 1.5535 ————————————————————————————————————- RESISTANCE #1 1.5728 RESISTANCE #2 1.5763 RESISTANCE #3 1.5815 CLASSIC RESISTANCE 1.6066 FIBONACCI AND PIVOTS $…
Forex Market EUR/USD Technical Data
EUR/USD CRITICAL POINTS 2/17/10 UPDATED 3:45PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.3600 SUPPORT #2 1.3588 SUPPORT #3 1.3580 CLASSIC SUPPORT 1.3531 ————————————————————————————————————- RESISTANCE #1 1.3650 RESISTANCE #2 1.3700 RESISTANCE #3 1.3786 CLASSIC RESISTANCE 1.4025 FIBONACCI AND PIVOTS $ AREA…
Weekly Forex Outlook
Chinese Lunar New Year coupled with an already uncertain situation will end up giving us a large two sided market this week. Look for the Dollar strength we have enjoyed to stall. Gold is currently in one of the biggest bubbles I have ever seen in 20 years of trading. It is shocking to me…