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Forex News Archive
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British Pound Expecting A Correction?
Posted on February 23, 2012 | No CommentsLikely so – especially given the decline from this morning. Following a price action top out at 1.5803, the pound sterling has plummeted to trade at 1.5665 in the New... -
Why The Euro Could Go Higher
Posted on February 23, 2012 | No CommentsWe’ve all seen the Brussels summit come and go. Ultimately passing the most recent Greek fiscal package, European leaders did what most of the market was thinking. But, the Euro... -
EURUSD is facing 1.3320 resistance
Posted on February 23, 2012 | No CommentsEURUSD is facing 1.3320 resistance, a break above this level could trigger another rise to 1.3500 zone. On the downside, as long as 1.3320 resistance holds, the rise from 1.2975... -
Daily Chart Art
Posted on February 23, 2012 | No CommentsUSD/CHF: 1-hour Chart Here we have a simple descending triangle setup on Swissy’s 1-hour time frame. The pair is finding support at the .9100 handle, but judging from its lower...