Forex Trading Strategies

Daily Technical Strategist

GBPUSD: TrendlineBreak Highlights The 16514 level

by Mohammed Isah (FXTechstrategy) | Fri, Nov 20 2009, 11:34 GMT

HIGHLIGHTS: GBPUSD: TrendlineBreak Highlights The 16514 level - GBP ended a third-day of downside weakness on Thursday breaking below its short term trendline(clearly seen on the.... EURUSD: Upside Seen Above The 1.4736/1.4625 levels - Price hesitation continues to be seen with EUR holding firmly above its LT rising trendlineand its major emas… GBPUSD GBPUSD: TrendlineBreak Highlights The 16514 level. GBPUSD - GBP ended a third-day of downside weakness on Thursday breaking below its short term

Daily Trading Forecast

USD Still Caught in Narrow Ranges

by Swiss e Trade Strategy Team (Swiss e Trade AG) | Fri, Nov 20 2009, 11:19 GMT

Despite flat U.S. economic data and falling stock markets worldwide yesterday, the USD dropped during U.S. trading. Such inconsistencies suggest the Christmas holiday season is near and we can expect erratic currency movements in low volume markets. Important long-term support zones in the dollar market vs. the majors are still being tested; with the previous oversold trading status mostly ironed out now. Technical signals call for the Greenback's continued downtrend. It is waiting time for the

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