Daily Archives: May 7, 2009

According to my quantitative test, MACD is a good indicator to trade EURJPY. Currently MACD has signal sell. So there is a possibility that EURJPY is likely to fall lower. But for that to happen, support level at 130.70 must … Continue reading →

European and North American names lifted EURUSD to intraday highs before late-day profit-taking ensued. The pair got a lift after it was reported that ADP April private sector jobs were down a less-than-expected 491,000, much lower than forecast and lower … Continue reading →

EURUSD has broke out of the downtrend channel and it looks like the next direction is up.

Stop triggered, loss is 99 pips. Original trade: Shorted USDCAD at 1.1721 Stop level at 1.1820 Target level at 1.1504