The Bretton Woods agreements of 1971 and the questioning of the system of fixed exchange rates allow the foreign exchange market to develop in the way we know it today. Forex refers to foreign exchange market, and brokers and banks...
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A plethora of news events fill Tuesday’s calendar. The European session features the release of the latest UK CPI and German ZEW figures. The New York session will see several news reports, of which US PPI and housing starts will likely draw the most attention.
Resistance breaks, tests as support, then straight up to M3 median.
A recap of last week’s Forex action with an outlook for May 26th to 30th
Today’s London session had proven to be ranging a good bit, with very little overall follow through of any moves. Even so, in this video we highlight how we used a drawn trendline break on the EUR/USD to build a trade plan. Correlation with the USD/CHF bouncing off it’s own trendline at the same time as the EUR/USD break was ideal confirmation of the break being legitimate. Then simply applying a Fibonacci retracement study from support at the 1.26 support area to the high of the break at …
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Today’s FOREX Video Trade Journal by http://www.fxbootcamp.com
