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Day: August 23, 2009
August 232009
Will the Dollar Rebound This Week?
The U.S. currency lost towards the end of the past week as several factors improved investors’ confidence worldwide, attracting investors to emergent-market currencies, as commodities and stocks surged fueled by positive reports in Europe and Asia, shunning investors from greenback priced assets. Last week’s end was predominantly optimistic in markets around the world, mainly with Germany and France posting signs of economic growth as PMI increased in both countries and as Federal Reserve […]
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August 232009
Daily Timeframe Chart Patterns GBP/JPY and USD/CAD
After a last weekend free of any chart patterns from me, you get two today. Both patterns are quite nice: GBP/JPY offers a good bullish opportunity with already a good entry point without even waiting for a breakout, USD/CAD is in a classical falling wedge, but the breakout is quite far away from now in time. 1. GBP/JPY, Daily, Ascending Triangle: 2. USD/CAD, Daily, Falling […]
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