Friday, September 21, 2012

EUR/USD Challenges 1.2953 - September 21, 2012


EUR/USD Challenges 1.2953 - September 21, 2012

Support at 1.2953 has held the initial test, but will be unable to contain the pair should the attempt to breach it be repeated. In this instance EUR/USD may pull back down to 1.2827/04 (200 day SMA), but will nevertheless remain bullish, as an accelerated uptrend support has not yet been breached and is likely direct the price up to 1.3525, rally beyond which is not expected. Read more

Sunday, September 16, 2012

Binary Options Trading


First Trade Risk Free (Up to 50 EUR/GBP/USD) ⇒ http://bit.ly/U9pdFl





First Trade Risk Free (Up to 50 EUR/GBP/USD) ⇒ http://bit.ly/U9pdFl

Monday, September 10, 2012

AUD/CAD 4H Chart: Broadening Wedge Trade Pattern

AUD/CAD 4H Chart: Broadening Wedge Trade Pattern


AUD/CAD has formed a Descending Broadening Wedge pattern on 1H chart. The pattern has 50% quality and 100% magnitude in the 132-bar period.
The pattern started when the pair started depreciating from 1.06009. Currently the pair is trading at 1.0126. The gap between pattern's support and resistance widened by 97 pips in 100-bar period. Read more