Monday, January 08, 2007
Forex day Trading System - Rally of USD
Forex day Trading System - Rally of USD against all majors and Minors
USD dollar has rallied tremendously against the majors (EUR, GBP, CHF) and minors (AUD, NZD)..For AUD/USD it was due since the currency pair has been trading very near to weekly highs.
I guess today will be a day for correction, essentially profit booking..The limit of correction can be 38.2 % fibinacci levels of USD rally. Then tomorrow onwards we can see market doing online forex trading pro USD.
For USD/CAD, the trend is still not very clear, thats because this currency pair is mostly fundamentals oriented and very low technically oriented..
Thats all in today's session..In the next session, we'll go through a forex day trading system.
Keep visiting to learn more trading the currency market.
USD dollar has rallied tremendously against the majors (EUR, GBP, CHF) and minors (AUD, NZD)..For AUD/USD it was due since the currency pair has been trading very near to weekly highs.
I guess today will be a day for correction, essentially profit booking..The limit of correction can be 38.2 % fibinacci levels of USD rally. Then tomorrow onwards we can see market doing online forex trading pro USD.
For USD/CAD, the trend is still not very clear, thats because this currency pair is mostly fundamentals oriented and very low technically oriented..
Thats all in today's session..In the next session, we'll go through a forex day trading system.
Keep visiting to learn more trading the currency market.
