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CHF/JPY: Long Position has been opened on May 6. The pair is having a rank of 61 and is consolidating in the last 2 weeks. The CHF has a currency score of 6 and the JPY a score of 3. The Weekly chart is looking strong but the Daily and 4 Hour chart are showing some consolidation...
Click on my name for further discussion Let's face it nothing new has really been invented in trading in the last 30 years. Computers are faster and more intelligent , but most of the trading strategies and indicators used by them were invented a long time ago...
The FOREXSTAY LIGHT EA is a very intelligent expert system that works with 10 strategies & 10 filters and can open and manage up to 100 trades in one second...
“The economy is picking up, so why are you punishing us?” That was the message from Spain's conservative party to the two big election shocks on Sunday...
Venezuelan Bolivar Falls 66% According to the recent reports, the official exchange rate between the two aforesaid currencies surged 66% last week, while in black markets, it went 64 times higher than the official rate. Tip: go trade cryptocurrency fellas...
News stats are released regularly, and sometimes they show different stories. What on earth are Fed officials waiting for? Sluggish growth and rising inflation put the Fed into a difficult situation...
On Tuesday the euro was at one month lows against the stronger greenback after an avalanche of fresh economic reports from the United States which mainly indicated that the economy is regaining ground after a sharp slowdown in the first quarter...
For S&P 500, Expensive Is the New Cheap (Bloomberg) but see Don’t Count on Happy Returns for U.S. Stocks (MoneyBeat) Productivity: It’s a drag...
H4 price is located on primary bullish market condition for trying to break resistance level for the bullish to be continuing...
H4 price is on primary bearish market condition with secondary ranging between 1.0884 support and 1.1007 resistance levels. Chinkou Span line is located too far for any good possible breakout/breakdown today...
As the latest data from the London Bullion Market Association (LBMA) showed, trading activity tumbled in April despite higher prices...
Although Greece's Interior Minister Nikos Voutsis said on Sunday that Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, senior German official said there was no reason to believe Greece would be in default after the payment to the...
Last week speculators increased their exposure to gold last week, says the data from the Commodity Futures Trading Commission (CFTC...
“The substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued,” said the IMF mission to China, which is led by its deputy director of Asia and Pacific Markus Rodlauer...
On Tuesday gold prices plunged below the $1,200-level, as the appeal of the precious metal was undermined by a stronger dollar...
On Tuesday the dollar extended gains against its peers, rising to eight-year highs against the yen boosted by expectations for higher U.S. interest rates later this year. Meanwhile, the euro was under heavy selling pressure, as Greek fears continued to linger...
Long on Demand Areas ( TP on Supply Area ). Be aware of upward trend line to be not broken down. As long as this line is valid, the Long position is more safe...
