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Day: August 4, 2014
August 42014
Euro Falls Ahead of This Week’s ECB Meeting
Euro is down pretty much across the board today, thanks in large part to the fact that many expect that the ECB will not be releasing any sort of euro-supportive message after its meeting later this week. Also weighing on the euro is the latest banking scandal in Portugal. Even though the eurozone saw its PPI rise in June, the 18-nation currency is struggling in Forex trading today. Indeed, […]
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August 42014
Canadian Dollar Mostly Unchanged
Canadian dollar is mostly unchanged today, making no major moves higher or lower against its major counterparts. After last month, it appears that there is some consolidation in the currency market as Forex traders consider their options and think about the most recent data. Loonie is rangebound and a bit mixed today, thanks in large part to a pause taken as a new month gets underway. US data […]
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August 42014
Forms of Technical Analysis
In my opinion, there are four basic forms of technical analysis that are used to publish technical analysis by experts for other Forex market participants: Text Static charts Videos Audio broadcasts You can see the examples of text technical analysis published every Saturday in this blog. The benefit of such form is the exact price levels that do not offer any opportunity for inaccurate reading. You could enter […]
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