Go Back   Forex Forum | Forex Trading Forums > Forex Trading Post > Technical Analysis

Technical Analysis Discuss the merits and downfalls of using technical data methods to assist trading

Reply
 
LinkBack Thread Tools Display Modes
Old 05-15-2008, 07:19 AM   #1 (permalink)
fx1
Junior Member
 
Join Date: May 2008
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0 fx1 is on a distinguished road
Default New high?

We made a new high at 2.03970. This point is new resistance. The 180 MVA is going flat so watch out for range trading between the high and low.
Contingent on US release tomorrow; It just broke my 4 day low at 2.0054. Lower resistance is at 1.9720. I'm out of GB/US until the release of the Fed rate.

I am still short US/JP that is still running south. I have a long in GB/NZ and GB/AU. Waiting for Break outs North as the Carry trades come off. These two pairs are Range bound until US and GB news releases. These two GB pairs can be tough becuase they can be so choppy but; once they take off in a direction they are gone! Chart of GB/US attached (Daily) See what you think.
I"m waiting patiently for a clean entry into this Pair.
fx1 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Forex Brokers


All times are GMT. The time now is 12:55 AM.