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Tag Archives: forex

Short-Term Forex Trading Strategies

Short-Term Forex Trading Strategies Day Traders use high amounts of leverage and short-term trading strategies to capitalize on small price movements in highly liquid stocks or currencies. Day trading is an extremely stressful and expensive full-time job. True day traders do not own any stocks overnight because of the extreme risk that prices will change ...

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Forex Daily

Forex Daily The dollar was up against the yen, with USD/JPY up 0.95% at 114.68, and up against the Swiss franc, with USD/CHF up 0.49% at 0.9647. ADP reported that non-farm private employment rose by 230,000 last month, beating expectations for an increase of 220,000. EUR/USD was down 0.53% at ...

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Forex Daily Report 8-29-2014

Forex Daily Report 8-29-2014 USD/CAD was down 0.03% at 1.0858, up from a session low of 1.0811 and off a high of 1.0863. The pair was likely to find support at 1.0797, the low from July 29, and resistance at 1.0998, the high from Aug. 25. EUR/USD was down 0.20% ...

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Forex Daily Report

Forex Daily Report 8-22-2014 EUR/USD was up 0.19% at 1.3284, up from a session low of 1.3242 and off a high of 1.3289. The pair was likely to find support at 1.3242, the session low, and resistance at 1.3412, Friday’s high. Euro region’s services PMI slid to 53.5 from 54.2 ...

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How to Draw Trend Lines

How to Draw Trend Lines If you want  to draw an upward trend, choose two ascending low points and join them with a straight line to make an upward trend line. In a downward trend, choose two descending high points and join them with a straight line to create a ...

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Pressure on EUR/USD

The euro fell to an intraday low against the dollar Friday on a German news report that the European Central Bank had modeled quantitative easing. The ECB modeled a bond-buying program of 1 trillion euros. The euro EURUSD hit the day low at $1.3672 from $1.3731 the high of the ...

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GBP/USD support resistance for 17-02 – 21-02 / 2014

GBP/USD support resistance for 17-02 – 21-02 / 2014 Uptrend will continue. Estimated pivot point is at the level of 1.6570 My view: Buy the pair after correction above the level of 1.6650 with the target of 1.6880. First support the pair will face at 1.6613. Second support at 1.6570. ...

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Forex trader view: A perfect day!

Nice move from my favorite pair EUR/USD, after hit the daily high at 1.3682 the sellers stepped in and drove the euro back down to 1.3629, which was just perfect for my short euro position that I had opened at 1.3672, I was expecting for the euro to go lower ...

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A huge day for Euro

Euro/dollar The euro shot higher against the U.S. dollar on Friday, after data reports that the U.S. economy added fewer jobs than expected last month but weak German data pressure the single currency. The U.S. unemployment rate ticked down to 6.6% last month, from 6.7% in December. Analysts had expected ...

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USD/JPY technical analysis – heavy losses

USD/JPY technical analysis – heavy losses USD/JPY hit session highs of 102.40 in the European session, but after that a sharp decline drove the pair to 102.05 the weakest level since November 27. The announcement of ISM’s manufacturing purchasing managers’ index came in at 51.3 for January, down sharply from ...

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