The movement of stock market last week was dominated by bullish movement. There are some optimism on the market because of good economic data and positive testimony by Bernanke. After corrected sharply to levels 1040, S&P 500 index bounced and continue to rebound toward 1091.60 level. The second support level I mentioned last week, apparently strong enough to prop up the index from falling further. For now, what deserves attention is the resistance level at 1105 as shown below:
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Yesterday is a very fortunate day. I traded just 1 buy and only place sell position on EUR/USD. The result is so good. Just 1 single loss from 13 trades. My win percentage now slightly up heading to 80%. Hope it will keep increase from time to time.
So. This is why i only place sell position yesterday. There are some very clear and good signal on the chart. Read more…
Yesterday currency movement was so interesting. I noticed some large downside movement on EUR/USD. I think the bearsih signal on EUR/USD already shown since beginning of December. I also already posted it on my blog. Ok…. Let’s review USD Dollar one more.
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For you who trade Forex, seems there some turn point we face on USD Pair.
As we seen, Dollar Index ($USD) already break out the resistance. It’s interesting to see what happen when the index touch the next resistance level @62.5. Because of Dollar strength movement, all USD Pair start a new short term trend, include EUR/USD. Read more…
Since the Fed inject massive fund to help American economy, there is a threat of the declining dollar. Declining dollar can cause the inflation and many other impact. Right now we already face it and seems don’t have any sign of when it is end.
See…. The Dollar keep declining. But there some bullish divergence on MACD. Read more…
