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Good News for the Euro?

eurusdlong

[adrotate banner="1"]The Euro looks like a solid play today. I missed the move overnight though. The news was released today about the German producer price index and it seems to have beat the expectations so the Euro rose slightly during the London trade. There is still concern about this rescue fund package that is in [...]

Forex Chart Patterns

head and shoulders chart

[adrotate banner="1"]Four of the major forex charting patterns which are essential to understand a few chart patterns which aid traders in making beneficial decisions are covered in this article. Symmetrical Triangles On the charting system, indecision areas are represented by symmetrical triangles. These patterns generally take place when there is pause in the market and [...]

How to Shop for a Small Business Bank

Business banking is a bit different from personal banking. While you probably know what you are looking for in a personal bank, you might not know how to choose a bank for your business needs. If you are a young entrepreneur then you will definitely need this list of what to look for when shopping [...]

Mid Week Trade Reflection

wide pivots aussie

[adrotate banner="1"]I’ve decided not to place a trade today mostly for the reasons I’ll explain below. If you can look at the pictures for the three currency pairs I’ve chosen and figure out why you are well on your way to being a technical trader. Euro vs Dollar This is a shot of the Aussie [...]

Daily Chart USDCAD Long

usdcad long

[adrotate banner="1"]Today I placed a trade long the US Dollar versus the Canadian Dollar. My analysis was based on the upward momentum of the exponential moving averages and the fact that the price is sitting directly on top of support. If the price continues to rise, I could be getting in at the bottom. I [...]

Daily Chart EURUSD

eurusd

[adrotate banner="1"]Today I entered a short Euro trade. I have the daily pivot points up on the 15 minute chart. As you can see, the price is between the 200 moving average and a 20 period moving average. I believe the pressure of the 200 moving average will be too great coupled with the resistance [...]