GBP/USD Trendline Breakout |
GBP/USD has broken the major downtrendline and rallied to the 50% level of the recent downmove. RSI remains bullish. The next major 50% retracement level is at 202.61. ...
Posted by TradersLog.com on Thu, 26 Jun 2008 10:05:00 PST |
Regular Bearish Divergence AUD/NZD |
Price having broken out from the trend channel as shown on the daily chart continues to make higher highs. Meanwhile RSI has been making lower highs, suggesting a possible trend reversal. Support shou...
Posted by TradersLog.com on Wed, 25 Jun 2008 02:39:00 PST |
GBP/JPY Daily Levels |
Looking at the daily GBP/JPY we can see that we are trading close to support at the 38% fibonacci level and Senkou Span Line. We are bullishly trading above the Kumo (cloud) and we received a normal...
Posted by TradersLog.com on Tue, 24 Jun 2008 08:59:00 PST |
Regular Bullish Divergence EUR/AUD |
Regular divergence between price and a momentum oscillator such as RSI indicate a possible trend reversal. The scenario of price making lower lows along with the oscillator is making higher lows is d...
Posted by TradersLog.com on Mon, 23 Jun 2008 03:06:00 PST |
USD/JPY Golden Cross |
Although momentum has slowed down on the daily chart, the 50 and 200 SMA's appear poised to cross over with further movement to the upside (golden cross). We have resistance to the upside at 108.58 an...
Posted by TradersLog.com on Sun, 22 Jun 2008 09:43:00 PST |
GBP/USD Technical Levels (Daily) |
It's an attractive technical chart as I type this - GBP/USD pressed against resistance of the major down trendline and 200 SMA. On the daily chart the oscillators are bullish across the board and we a...
Posted by TradersLog.com on Fri, 20 Jun 2008 08:32:00 PST |
GBP/USD Nearing Resistance |
GBP/USD nearing resistance at the downtrend line and 200 period SMA:
Posted by TradersLog.com on Thu, 19 Jun 2008 11:46:00 PST |
Exotic Carry Trade - Bullish Looking Lira |
The Turkish Lira (TRY), offers the highest interest rate in the industrial world (16.25%) while borrowing the USD will only cost you 2.00%. Selling USD/TRY will yield you the hefty interest rate diffe...
Posted by TradersLog.com on Wed, 18 Jun 2008 01:36:00 PST |
Major Levels in the Majors |
GBP/USD we can see the pressure building up in the descending triangle formation. Look for resistance along the down trend line and 200 Period SMA. Support zone is well established by the triple botto...
Posted by TradersLog.com on Tue, 17 Jun 2008 10:02:00 PST |
USD/JPY Levels |
Looking at the USD/JPY daily chart we can see a nice channel guiding price upwards: Price currently trading around the pivot, contained within S1 and R1: Ichimoku chart looks bullish -trading ab...
Posted by TradersLog.com on Mon, 16 Jun 2008 10:19:00 PST |
