Forex Trade Signal – Chart of the Week Aug 11th
GBPUSD – About to break? After two months above and 8 touches off the 20ema, the pair looks poised to break the 20ema for the first time this summer. It is heading into the 20ema with its strongest 3-day decline since the middle of May and is coming off its most aggressive selling day since. Although the pair has tested it once and bounced 80pips off of it from the first time, its already...
Read MoreForex Ichimoku Report – Aug. 10th
(We are back from vacation so this is the first post for the week) EURUSD – 6 Straight Yep, that’s correct – the EURUSD has posted 6 straight weekly upcloses. Impressive – something it has not done since late 2008! The pair has already taken out the 38.2% fib of the 09′ highs to 10′ lows at 1.3121. Next up seems like a tougher task – the 50% which...
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