Friday, August 8, 2008

The next best thing to printing money, the automated forex tracer....

Hi Traders

Do you have a successful trading week....I hope that your position is better on the end of this day....I wish to you a big smile::::---))))
Look at some information which can help you to beat market today...
The USD- underwent a bullish trading session yesterday, as it appreciated against all of its major currency rivals. The dollar rose 0.5% and closed under 1.5320 versus the euro in yesterday's trading session. Also, the USD saw steady gains against the GBP and CHF. The greenback saw significant bullishness yesterday as the Pending Home Sales beat our forecasts which showed an expected rise of 1%. Instead, the indicator rose 5.3% and added to another day of surprising US economic data supporting the USD. The indicator was also the first real sign of housing improvement in the US in recent history....
EUR/USD-There's a very accurate bearish channel forming on the daily chart as the pair is now floating on the bottom barrier of it. The 4 hour chart shows that the pair is still moving beneath the Bollinger Bands, suggesting that the downtrend should further continue. Going short might be a good strategy....

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Regards

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