1 0 Tag Archives: dailyfx
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AUD, NZD Weakens as Higher Chinese Inflation Suggests Tightening – DailyFx

AUDUSD 5 minute chart. Line indicates time of data release. Chart generated with FXCM Strategy Trader. NZDUSD 5 minute chart. Line indicates time of data release. Chart generated with FXCM Strategy Trader. –By David Liu, DailyFX Research …

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April 8, 2012
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EURGBP Updated Entries on Triangle Support – DailyFx

Below, we can see the development of today’s daily chart on the EURGBP. Price has recently tested support at .8300 while fast approaching the end of our pattern. As price continues to consolidate the likelihood of a breakout increases.

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US Dollar Challenges Near-Term Down Trend as S&P 500 Inches Lower – DailyFx

Sellers now target support at the bottom of a Rising Wedge chart formation carved out since late November, currently at 1387.70, a barrier reinforced by the 23.6% expansion at 1383.00. The daily close below the latter level is needed to confirm …

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USDJPY Bull Trend Still in Force – DailyFx

USDOLLAR – The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) formed a key reversal on the 240 minute chart that ended at 9 am EST today (Tuesday). This is a sign that price is stabilizing and perhaps reversing. This morning’s low occurred …

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March 27, 2012
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US Dollar Soars Toward 2011 Peak as S&P 500 Stalls Below 1400 – DailyFx

S&P 500 – Unchanged from yesterday: “Prices appear to be carving out bearish Rising Wedge chart pattern (albeit a bit of an awkward-looking one). Negative RSI divergence bolsters the case for a brewing downward reversal. Initial support …

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US Dollar Soars Toward 2011 Peak as S&P 500 Stalls Below 1400 – DailyFx

S&P 500 – Unchanged from yesterday: “Prices appear to be carving out bearish Rising Wedge chart pattern (albeit a bit of an awkward-looking one). Negative RSI divergence bolsters the case for a brewing downward reversal. Initial support …

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EUR/JPY Price Action Wedges Under 109.95 – DailyFx

Learncurrency tradingwith a free practice account and charts from FXCM. DailyFX provides forex news on the economic reports and political events that influence the currency market.

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Dollar Leads in Early Trading But Markets Look Beyond Greek CDS Trigger – DailyFx

DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.

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A Strategy to Lock in Profit with a Trailing Stop: the Two Day High/Low – DailyFx

Here is how the Two Day High/Low Trailing stop would work on a chart… Let’s say that we short this EURGBP pair on the Daily chart based on the Slow Stochastics crossover to the downside. The two candles in the box to the left of our entry …

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Crude Near Term Resistance Extends to 108 – DailyFx

FX charts suggest USD strength Friday which would fit with a crude selloff in order to complete 3 waves down from 110.53. The bullish outlook is at minimum delayed. Bottom Line (next 5 days) – sideways? DailyFX provides forex news and …

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March 8, 2012