Sunday, June 5, 2011

DailyMarkets.com - Forex – GBP/JPY Up In Asian Trading Hours

DailyMarkets.com - Forex – GBP/JPY Up In Asian Trading Hours

Forex – GBP/JPY Up In Asian Trading Hours

Posted: 05 Jun 2011 04:55 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Sunday.<br/><br/> GBP/JPY was trading at 131.91, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 130.68, Friday&rsquo;s low, and resistance at 135.13, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.12% to hit 1.6446 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Dominant Intraday Arc Trendlines To Watch This Week In Gold

Posted: 05 Jun 2011 04:24 PM PDT

Intraday Gold prices are forming a classic "Arc Trendline" pattern that should be interesting to follow in the week ahead – depending on whether this structure continues gently or if price breaks firmly through one of the arc trendlines in place.
Let's take a look at the pattern and note the levels we should be watching:

(click for full-size image via Flickr)
First, let's take a brief look back at the beginning of May 2011 to see two more little "Arc Trendline" patterns that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYFP’s Wall Street Lingo: The Bull & Bear

Posted: 05 Jun 2011 12:00 PM PDT

05/05/11 Ben Willis, Dirextor of Floor Operations for Sunrise securities Corp., gives us a breif and detailed explanation as to the origins of the terms “bull market” and “bear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Recent Structure Of The NZD/USD Suggests Further Correction

Posted: 05 Jun 2011 11:29 AM PDT

NZD/USD

Short-term to Medium-term- The kiwi (NZD) has been strong in 2011, and the NZD/USD has been on a tear breaking the 2008 high of 0.8215 marking a high near 0.8265.
- Since then the market declined in a 5-wave sequence. This suggests a completed wave A. The current rally should fail below 0.82 if the bearish correction scenario is to pan out. If not, the market is likely to be in sideways correction, or ranging consolidation.
- The 4H chart shows a very strong NZD/USD. The RSI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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