April 2007 Monthly Archive
There is bullish divergence on this daily chart where price has been making lower lows, while the oscillator is bottoming out. The loonie has been appreciating against most currencies lately but it might be a bit overbought at the moment… More…
Posted 18:30 30 April 2007 by forexninja
While this pair managed to gain back some strength today, it seems to have hit resistance at 8345. I still believe this pair is headed down since Aussie's CPI was well below expectations so I see this as getting in a better price.
… More…
Posted 14:04 25 April 2007 by forexninja
Check out that recent rally! Woowee! All because Australia's Prime Minister Howard suggested that interest rates were still low which traders interpreted as guaranteed rate hike in the near future. But what goes up, must come down.… More…
Posted 20:21 24 April 2007 by forexninja
This pair has been showing bullish divergence for a couple days now. Price has been steadily dropping creating lower lows, while the oscillator has been making higher lows.… More…
Posted 11:57 23 April 2007 by forexninja
Regular divergence is one of the best-known types of nonconfirmation. A divergence is a separation between price and indicator that warns of a possible short-to-intermediate term change of trend.… More…
Posted 18:09 19 April 2007 by forexninja
The 118.50 area held as strong support like I had hoped. With a US unemployment rate coming out lower than expected last Friday, this positive news was enough to push this pair upward … More…
Posted 19:51 09 April 2007 by forexninja
This pair had been trading sideways between 117.50 and 118.35 for several days. It seems to have finally broken out of the range looking to test the 119 handle.… More…
Posted 21:46 03 April 2007 by forexninja
On Friday, news came out of left field that the US would be imposing tariffs on China on paper imports. This caused the dollar to fall triggering our short trade.… More…
Posted 18:56 02 April 2007 by forexninja
While this pair managed to gain back some strength today, it seems to have hit resistance at 8345. I still believe this pair is headed down since Aussie's CPI was well below expectations so I see this as getting in a better price.
… More…
Posted 14:04 25 April 2007 by forexninja
Check out that recent rally! Woowee! All because Australia's Prime Minister Howard suggested that interest rates were still low which traders interpreted as guaranteed rate hike in the near future. But what goes up, must come down.… More…
Posted 20:21 24 April 2007 by forexninja
This pair has been showing bullish divergence for a couple days now. Price has been steadily dropping creating lower lows, while the oscillator has been making higher lows.… More…
Posted 11:57 23 April 2007 by forexninja
Regular divergence is one of the best-known types of nonconfirmation. A divergence is a separation between price and indicator that warns of a possible short-to-intermediate term change of trend.… More…
Posted 18:09 19 April 2007 by forexninja
The 118.50 area held as strong support like I had hoped. With a US unemployment rate coming out lower than expected last Friday, this positive news was enough to push this pair upward … More…
Posted 19:51 09 April 2007 by forexninja
This pair had been trading sideways between 117.50 and 118.35 for several days. It seems to have finally broken out of the range looking to test the 119 handle.… More…
Posted 21:46 03 April 2007 by forexninja
On Friday, news came out of left field that the US would be imposing tariffs on China on paper imports. This caused the dollar to fall triggering our short trade.… More…
Posted 18:56 02 April 2007 by forexninja