Posts Tagged Forex
Dollar Gains Ahead Of G8 Meeting
By Forex District – The Dollar advanced across the board as investors locked in profits ahead of this weekend’s G8 Finance Minister’s meeting. There could be a great deal of information and statements released over the weekend that could potentially impact the short term moves in the Forex market. However, there is not much expected [...]
USD/JPY – June 12th Trade Idea
By – Forex District USD/JPY Open 97.65 High 98.43 Low 97.35 Close 97.61 Dollar/Yen made an insignificant downward movement yesterday. This confirms the consolidation phase of the currency couple and the unclear movement direction, till trading range is within the triangle formation on the 1 hour chart. Immediate support is 97.25, followed by 96.00. The [...]
EUR/USD at Support Levels
By Back Bay FX – EUR/USD has just broken through the bottom it’s recent support line (noted in BLUE on the below image). The start of that support is the same level (1.3780 – 1.3800) as we say as a launching pad for EUR/USD back in late May (see BLUE circle on below image.) We [...]
EUR/USD – Short Term Trade Idea
EUR/USD has created one of our favored chart patterns. In the below 30 minute timeframe chart, EUR/USD has created a false break out (See previous post regarding EUR/CAD) on the lower Bollinger Band. It has since revisited that level and held. We feel that the 1.4195 – 1.4200 level is a short-term support level. We [...]
GBP/JPY – Another Trade Idea
by: Back Bay FX GBP/JPY has been trading in a range that is well-defined by the 2 hour time frame Bollinger Bands. In the below snapshot, the pair has bounces off the midline and seems to be continuing it’s move higher. Yet that midline is a very important level. We will use a Buy Limit [...]
