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Is This Euro Short a No Brainer?

euro short

After getting in on the wrong side of the trade the other day on the Euro, I decided to get back in today. Monday morning is hit or miss in trading. It’s the first time that the US markets can trade for the week but Sunday night usually has most movements priced in from the [...]

Good News for the Euro?

eurusdlong

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 the [...]

Forex Chart Patterns

head and shoulders chart

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 there [...]

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

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 Dollar [...]

Daily Chart USDCAD Long

usdcad long

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 also [...]