A certain Jean-Claude kicked butt yesterday and no, I’m not talking the guy from Street Fighter and Universal Soldier. The dude I’m referring to is ECB Governor Jean-Claude Trichet, and he doesn’t need to take off his shirt and intimidate you with an unbelievably muscular body, no sir! All he needs are words and those [...]
Forex Tricks
HLHB Weekly Update – May 7, 2010
Well, whad’ya know… It looks like I won’t be doing some modifications on the HLHB system just yet! Earlier this week, I received a nice little sell signal when all of my indicators lined up. The slow moving 20 SMA crossed over the fast moving 10 SMA while stochastics wasn’t in the oversold territory. The [...]
Forex Tricks
Intraday Cable Continuation Expected
The 15-minute GBP/USD’s short-term intraday chart indicates that strong near-term resistance is waiting for any bulls thinking about rallying this pair higher through 1.5300 during the coming week. An Ascending Triangle formed when prices squeezed into the narrowing range, with strong resistance showing between 1.5315 (R1) and 1.5304 (R2). Current support is steady at 1.5273 [...]
Forex Tricks
Intraday Cable Continuation Expected
The 15-minute GBP/USD’s short-term intraday chart indicates that strong near-term resistance is waiting for any bulls thinking about rallying this pair higher through 1.5300 during the coming week. An Ascending Triangle formed when prices squeezed into the narrowing range, with strong resistance showing between 1.5315 (R1) and 1.5304 (R2). Current support is steady at 1.5273 [...]
