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May 2013 - - ForexAbode.com

GBP/USD – Chart Observations

May 26, 2013 4:33 am GMT+0  in Chart Alert

  GBP/USD has been in a very volatile sideways mode since October 2010. The pair had broken below this range during the later half of February 2013 i.e after close to 2 years and 4 months. That certainly brought the bearish sentiments in the picture. GBP/USD weekly chart since October 2011:   The recent upwardRead the Rest…

EUR/USD Stuck Between Psychological 1.3000 And Trend Line Support

May 26, 2013 1:31 am GMT+0  in Chart Alert

EUR/USD had failed at 1.3042 and the fall from there broke the psychological support of 1.3000 again and the pair went as low as 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 willRead the Rest…

Daily Technical Strategist: AUDUSD

May 24, 2013 9:45 am GMT+0  in Forex Analysis

AUDUSD: Bearish, Weakens. AUDUSD: With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other supports are located at the 0.9450 level and the 0.9400 level. Its daily RSI is bearish and pointing lower supportingRead the Rest…

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by leojosh

New to Investing: Guidelines for Success

May 20, 2013 12:50 pm GMT+0  in Investing

Even if you have a good job and earn a lot of money, you need to invest to grow your money. In addition to having peace of mind, you will be able to secure your future if you invest wisely. If you are new to investing, there are a number of things you can doRead the Rest…

Not Every Trade Makes Money

May 9, 2013 10:45 am GMT+0  in Forex Strategies

How true it is, not every trade does make money.  Traders, after analysis of various inputs, reach a conclusion, and enter the trade.  The analysis can include a myriad of inputs.  Initially, most traders tend to rely on technical analysis, probably because it is easier to get a rudimentary grasp on the markets behavior.  SinceRead the Rest…

Will GBP/JPY Target 152.10?

May 8, 2013 5:29 am GMT+0  in Chart Alert

155.00 psychological level kept it’s resistance on GBP/JPY. The recent support trend has been near 22-day EMA level. Let’s see if that pattern holds. GBP/JPY daily chart