In my analysis, the Euro could further [Read more...]
The Euro vs US Dollar (EUR/USD) Weekly Outlook (October 10-15, 2011)
Canadian Dollar To Retreat Versus the USD?
For the past year or so, the Canadian dollar or the Loonie as some traders call it has overtaken the USD. However, it appears that the USDCAD pair could already be bottoming. [Read more...]
Opportunity To Short The British Pound Against The Japanese Yen
Hello FX friends! It’s been a while since my last forex trade. But don’t worry since I already have a [Read more...]
New All-Time High Likely For The Swiss Franc
Hey guys! I’ve been away for several days now for a business trip in the Asia-Pacific but I’m back in the Forex front! So in today’s feature, I present to you the USDCHF pair. [Read more...]
Earthquake And Tsunami Jolted The Japanese Yen
Last Friday, an 8.9 magnitude shocked the northeast coast in Japan which generated a gigantic tsunami that swept cities and killed thousands. We, at LaidTrades.com, offer our prayers to Japan especially those who are gravely affected by the disaster. [Read more...]
Bullish Setup In The Aussie Dollar (AUD/USD)!
Welcome to another day of forex trading my friends! My pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD) or the “Aussie” as many would call it. As you can see, [Read more...]
USD/CHF On The Verge Of Breaking Down
Hello everybody! My forex pick for the day is the the US dollar (USD) versus the Swiss Franc (CHF) currency pair. As you can see, there could be 2-month [Read more...]
Is USD/JPY’s Rally Over?
After hitting a low of 81.08 last February 4, the USD/JPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day. [Read more...]
The Aussie (AUD/USD) Setup In The 1-Hour Chart
Hello traders! My forex pick for the day is the [Read more...]
Euro Versus The US Dollar (EUR/USD) Could Drop Further
The Euro dropped almost 300 pips from 1.3859 to 1.3543 against the US dollar last week when European Central Bank President Jean-Claude Trichet said [Read more...]
Violent Clashes In Egypt Rocked The Dow And The Euro
The US stock market dropped sharply last Friday as violent clashes in Egypt rocked the global financial markets. [Read more...]
Weakness Seen In The US Dollar
Much attention was given to the stock market for the past couple of weeks. Today, however, I’d like to divert your minds for a while towards the almighty US dollar. [Read more...]
Easy 100 Pips In The Euro Against The US Dollar!
Good day forexers! In my technical analysis, there could be a symmetrical triangle forming in the [Read more...]
New Zealand Dollar Looking To Revisit Its All-Time High Against The Greenback
The New Zealand dollar versus the US dollar (NZD/USD) is currently at 0.7770. In simple terms, 0.7770 USD is equal to 1.00 NZD. [Read more...]
US Dollar Soared After Strong US Figures
The US Dollar Index (USDX), an index which measures the valuation of the US dollar against a basket of currencies like the euro, has been stuck in a trading range after it rebounded from its low of 75.631 last November 4. It peaked at 81.444 on November 30 but it has since moved sideways. [Read more...]
The US Dollar Drops Like A Man
Despite the US dollar‘s weakness, it has been falling like a man trying to rally from every drop against the Canadian dollar when they hit parity. For the past few months, the 1.0000 level had been a very strong support for the greenback. However, now that the value of the US dollar versus the Canadian dollar (USD/CAD) is [Read more...]
The Australian Dollar At A New All-time High!
The holiday season must have really great for those who are long on the Australian. The month of November was not particularly well since the AUDUSD pair has slid by 640 pips after marking a historical high at 1.0183 and [Read more...]
US Dollar Seen to Rally Against the Japanese Yen
So after being routed by Japanese yen for the last three years, it seems like the US dollar‘s recent rally will extend at least in the near term. Earlier today, the Bank of Japan, which is headed by Governor Masaaki Shirakawa, decided to keep its interest rate unchanged for the foreseeable future to encourage spending. Japan’s core consumer price index, which measures the change in the price of goods and services consumed minus the price of fresh food, remains stuck at -0.6%. A decrease in prices suggests that overall consumption in the country is very [Read more...]
The New Zealand Dollar (Kiwi) Breaks Down!
Happy Holiday’s FX friends! Hope your trades are giving you dividends especially these days. Anyway, those who are long on the New Zealand dollar or the Kiwi as what investors call it in the street, should start thinking about lightening your positions. Why? Well, if you look at its daily chart, you will see that it has recently broken down from a head and shoulders pattern. In the process, it has also breached its uptrend line. As some of you might know, a break down from such pattern signals a bearish reversal. So if the NZDUSD pair fails to go over the formation’s neckline at 0.7400, it could fall all the way down to just above 0.6800 (computed by projecting the height of the pattern from the point of break down). On the flip side, a successful move above 0.7400 could send the pair at least back in sideways motion. [Read more...]
Bullishness Seen In The Aussie!
Hello guys! Welcome to another day of forex trading. My forex pick for the day is an update on the Australian dollar against the US dollar currency pair (AUDUSD) or as some may call it “Aussie”. During my last post on this (kindly check here), I mentioned it could head north once again after a possible rebound from its 7-month trend line seen in the daily chart. Gladly, as the AUDUSD touched the trend, [Read more...]
