Todays trend looks long dollar
Thursday, January 4th, 2007 at
8:12 am
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Bought usdchf at 1.2265 targets 1.2316 and later 1.2349
sold gbpusd at 1.9496 targets 1.9426 and later 1.9349
Archive for January, 2007
Dollar May Fall
Thursday, January 4th, 2007 at
1:07 am
With the current economic situation in the usa and more economic analysts expecting the feds to start reducing interest rates it may not be a surprise that the usd dollar continues falling this year. Donald Trump is one of those who seem very keen in not supporting further interest rates hikes and the present high foreclosure rates might make the feds see the light that something is not very right with the economy.
“The Institute for Supply Management will probably say U.S. manufacturing didn’t expand last month, after contracting for the first time since April 2003. The survey may show a reading of 50, the dividing line between expansion and contraction, for December, compared with 49.5 in November, according to a Bloomberg News survey of economists.
“If you see a weak ISM that could push the dollar lower,” said Daniel Katzive, a currency strategist at UBS Securities LLC in Stamford, Connecticut. ”
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Trading the Guppy Crossover
Wednesday, January 3rd, 2007 at
6:45 pm
In order to keep the guppy trading as simple as possible, we insist on only looking for and trading high probability trades.
In our particular trading example we are going to see instances of the guppy crossover and the guppy bounce back and using these we can choose the particular currency pair to trade.
The tools we are going to choose the currency to trade are
- The multiple moving average as coded in xtick
- Fibonacci retracement tool.
Automated Forex Trading
