Forex Kagi

Automated Forex Trading System With Reliable And Proven Live Results. New Professional Sales Page And New Product Version. Affiliates Earn 64.50 Per Sale.
Forex Kagi

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EUR/USD Rallies to New Record This Month

EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to push the dollar lower. Macroeconomic reports weren’t helping the US currency as housing and jobs data was negative, while leading indicators rose less than expected.

Initial jobless

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EUR/USD at Monthly High as FOMC Pledges Keep Low Rates till Late 2014

EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further boosted after the Federal Reserve extended the target for exceptionally low interest rates from mid-2013 to late 2014.

Pending home …

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Review: Probabilities in Trading

Why it is important to look at trading in terms of probabilities rather than absolutes.

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Swing Technicals- NZD/USD Facing Moment of Truth

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EUR/JPY: Short-Term Fade Opportunity Under 101.57

Today’s price action shows a Doji currently forming on the EUR/JPY daily chart, indicating indecision and the potential for a shift to selling pressure into the end of the week. From a fundamental perspective, some measure of profit taking is likely ahead of the weekend, assuming no agreement is reached on the Greek Private Sector Involvement, or PSI. If the EUR/JPY breaks below today’s European session low, it would suggest a higher probability of a drop down to the key 1.0100 level mentioned above.

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Candlestick Daily: GBP/USD and NZD/USD Reach Target, USD/CAD at Parity

CURRENCY CURRENT BIAS POTENTIAL STRATEGY
EUR/USD (Short Term)
Rally breaks above monthly pivot at 1.3121, but strong resistance looms at 1.3200. See full report for more details
GBP/USD (Short Term)
Monday’s trade reached profit target, break above 1.5670 resistance may point to continuation up to 1.5760. See full report for more details
USD/JPY (Short Term)
Drops rapidly, now watching support at 77.32. See full report for more details.
USD/CHF (Short Term)
Testing key support at .9180 after sharp drop
USD/CAD (Short Term)
Rates break longer-term support at 1.0070, quickly drop to parity (1.00). Bias remains bearish below 1.0070.
AUD/USD (Short Term)
Consolidating at Monthly R2 pivot resistance (1.0668), break above would signal rally potential up to 1.0750
NZD/USD (Short Term)
Yesterday’s trade reached profit target this morning, rates now consolidating below key previous resistance at .8240.

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Will EUR/GBP Resume Downtrend at 0.8405?

A bearish butterfly pattern is forming on the EUR/GBP.

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Swing Technicals- USD Fades Again After FOMC

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GBP/CHF: Selling Short-Term Bounces

The convergence of the monthly pivot at 1.4538 and a longer-term bearish trend line led to this morning’s GBP/CHF drop and forms a very significant resistance zone moving forward. While the risk/reward ratio of joining this longer-term bearish trend at market is not compelling at this time, there is an opportunity to sell if rates bounce.

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