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TIP: THE TREND IS YOUR FRIEND. Do not buck the trend. When the market or stock is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend. |
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In an effort to help our customers trade more effectively, we have gathered resources from some of the leading experts in the forex market. From streaming live data, to fundamentals and technicals, articles and commentary, Global Forex Trading is providing another very useful tool for the FX trader.
We encourage you to use these resources to help gain knowledge of the forex market. Check back often as the content in this area is always expanding and changing |
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Written by Administrator
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Monday, 13 February 2006 |
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Last Updated ( Friday, 17 February 2006 )
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Mutual Funds fundsavvy.com guides you to find out best mutual fund to invest along with the classification based on its functioning and type which they offer to investors.
Reports
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GBP/JPY's recovery was limited by 4 hours 55 EMA and retreats. Intraday bias remains neutral at this point and some more consolidations could still be seen. But after all, upside is expected to be limited below 131.64 resistance and bring another fall. Below 127.88 will target a retest on 126.73
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EUR/JPY forms a temporary low at 105.79 and recovers. Intraday bias is turned neutral and some sideway trading might be seen. But upside should be limited below 109.53 resistance and bring another fall. Below 105.79 will target 105.42 and then medium term projection level at 103.45 next.
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Intraday bias in EUR/GBP remains on the downside with 0.8271 minor resistance intact. Current fall from 0.8389 is expected to continue to 0.8141 first. Break there will indicate that whole fall from 0.8530 has resumed for 0.8 psychological level. On the upside, above 0.8271 minor resistance will turn intraday bias neutral first.
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