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Casual Articles - Currency Update – 5 Trades Correct Last Week, What Does This Week Hold
Having a break-in is a personal violation that creates a sense of fear, panic and confusion. The questions that race through your mind are, what happened and why me? What could we have done to prevent this? When a business experiences this, the reality is that simple measures could have prevented the customer loss.The customer was stolen because they were left out in the open for anyone to take. In many cases it's from lack of communication. The customer was happy with your services or product, but you didn't really pay attention to them.
If the yen cannot move strongly early next week look for a retreat bac
Outsourcing! Dazed of its popularity? But do you really know why outsourcing is the most highlighting trend in the IT industry today? And who are the major contenders? Let’s have a smart idea about outsourcing and its ongoing emergence. In simpler words, to concentrate more on the core competencies and target business, global companies drive their software jobs to low wage countries like India which provides not only the low priced quality product on time but also a healthy experience and long term business relationships. Despite all hues and cries, outsourci
We have had some fantastic profits last week but that’s the past, let’s look at the currencies this week and what we think will happen.
Our view last week was the longer term trend in the dollar was down and we would see this continue after, what was a good correction to the upside and we were proved correct.
As we said last week always look at the weekly chart to get the overall trend and the daily chart to time your entry. Let’s look at the majors and what lays in store this week and roundup last weeks action.
US Dollar Index
The correction ended dramatically and the dollar index is falling towards its lows. The double bottom at the lows is the target and a decisive break of these will see further weakness.
Traders should focus on getting in on this move on a bounce to the mid Bollinger band or a punch through the lows and a breakout to the downside. This market looks very weak so this is the way to focus.
British Pound
All trends are up hold longs. No entry at current levels as stochastics look very over bought. We will look at a dip to enter but for now no entry point, if you are in enjoy the ride.
Euro
A great move up last week. All trends are up and an advance to the highs is on after the currency punched through the mid Bollinger band. a Break of the highs will see a far bigger advance. Again same as pound no entry.
Yen
This currency long term trend is down (in contrast to the ones above on the weekly chart) and we have had a strong correction up to the 8800 level, this is the mid Bollinger band on the daily chart and also resistance on the weekly chart and if prices stall here we should see the yen retreat but odds are not clear just yet, what will happen.
If the yen cannot move strongly early next week look for a retreat bac
The task of choosing the best business credit card to cater to your business preferences need not be difficult and complicated, as more options are being offered to business consumers every day. It definitely helps to have pre-set criteria when comparing business cards.For example, the APR or the annual percentage rate, which is the cost of maintaining your outstanding credit past the given grace period, should be able to work for you effectively, in such a way that it allows your business to expand your cash flow to finance your operations. This resu
As we said last week always look at the weekly chart to get the overall trend and the daily chart to time your entry. Let’s look at the majors and what lays in store this week and roundup last weeks action.
US Dollar Index
The correction ended dramatically and the dollar index is falling towards its lows. The double bottom at the lows is the target and a decisive break of these will see further weakness.
Traders should focus on getting in on this move on a bounce to the mid Bollinger band or a punch through the lows and a breakout to the downside. This market looks very weak so this is the way to focus.
British Pound
All trends are up hold longs. No entry at current levels as stochastics look very over bought. We will look at a dip to enter but for now no entry point, if you are in enjoy the ride.
Euro
A great move up last week. All trends are up and an advance to the highs is on after the currency punched through the mid Bollinger band. a Break of the highs will see a far bigger advance. Again same as pound no entry.
Yen
This currency long term trend is down (in contrast to the ones above on the weekly chart) and we have had a strong correction up to the 8800 level, this is the mid Bollinger band on the daily chart and also resistance on the weekly chart and if prices stall here we should see the yen retreat but odds are not clear just yet, what will happen.
If the yen cannot move strongly early next week look for a retreat bac
Every new business owner knows that a business plan is critical – it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the launch of a new venture so difficult to write? Good question! In this article I will try to address when you should go out and hire a business plan writer versus taking on the task yourself. First time entrepreneurs often cringe when sitting down to write their business plan. Some spend 6 months agonizing over each period and comma, and even worse others spend
Traders should focus on getting in on this move on a bounce to the mid Bollinger band or a punch through the lows and a breakout to the downside. This market looks very weak so this is the way to focus.
British Pound
All trends are up hold longs. No entry at current levels as stochastics look very over bought. We will look at a dip to enter but for now no entry point, if you are in enjoy the ride.
Euro
A great move up last week. All trends are up and an advance to the highs is on after the currency punched through the mid Bollinger band. a Break of the highs will see a far bigger advance. Again same as pound no entry.
Yen
This currency long term trend is down (in contrast to the ones above on the weekly chart) and we have had a strong correction up to the 8800 level, this is the mid Bollinger band on the daily chart and also resistance on the weekly chart and if prices stall here we should see the yen retreat but odds are not clear just yet, what will happen.
If the yen cannot move strongly early next week look for a retreat bac
Contractor referrer service is a very profitable business. More so, doing it on the net make it far more cost effective.Contractor referrer service involves finding customers or leads for online/offline businesses, and you get paid a referrer or finders fee. You can earn thousands of dollars in a vary short time, through this if you do it right.You can follow the steps below to kick off your contractor referrer service business.(i) To start with, think in the area of your best interest, passion, idea, hobby or work experience. Referr
Euro
A great move up last week. All trends are up and an advance to the highs is on after the currency punched through the mid Bollinger band. a Break of the highs will see a far bigger advance. Again same as pound no entry.
Yen
This currency long term trend is down (in contrast to the ones above on the weekly chart) and we have had a strong correction up to the 8800 level, this is the mid Bollinger band on the daily chart and also resistance on the weekly chart and if prices stall here we should see the yen retreat but odds are not clear just yet, what will happen.
If the yen cannot move strongly early next week look for a retreat bac
I was flying to the United States when an In-Flight Supervisor recognized me and came over to chat. We spoke about current challenges and how quickly the airline was growing.She lamented that some older crew felt jaded and uninspired. They tend to do the minimum of work in flight, she said, shifting the burden to younger crew members. This behavior was setting a poor example and had a negative impact on the morale of new hires.She asked me, ‘What do you think we should do about them?’Immediately I replied, ‘Tell them it’s time to quit. An
If the yen cannot move strongly early next week look for a retreat back to the lows but wait for confirmation and a downturn on the stochastics ie a crossing with bearish divergence.
The commodity currencies
We all know that the commodity markets are booming and the Canadian and Australian Dollar can help you take advantage.
This week we will also look at the Australian Dollar as well as the Canadian dollar we looked at last week
Australian Dollar
The weekly chart shows a close over the mid bollnger band and the daily chart shows strength buy dip to the mid bollinger band or breakoput of the 7600 level. This currency should become a big bull market in the near future.
Canadian dollar
The lager of the all the positions we looked at last week. We are long but we could have a test of our entry at the double or triple bottom after Friday’s action. If you are looking to get in this is the area to target at present. The long term trend is firmly up on the weekly chart and this market should remain bullish for the foreseeable future.
Keep in mind!
Markets change quickly and this is snapshot of what we think before Mondays open. Keep in mind when trading these currencies:
1. Focus on the long term trend
2. Only enter at areas of clear risk reward and ALWAYS check short term momentum with the stochastic indicator ( ie its in your favor ) before trading either long or short. Always look out for stochastic crossovers with bullish or bearish divergence before entering
3. Set your stop in advance
4. Use at or in the money options for protection against volatile moves
5. Use ch
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