Archive for June, 2010
Beware of the rally in the Pound – Weekly Forex Fundamental Analysis Forecast 06/23/10
We’ve seen a rally develop in the GBP/USD pair over the last couple of weeks. Be careful about chasing this new “bull countertrend.” This is likely short covering and one will likely see weakness and a return to the overall downtrend once price hits major resistance. Check out this video for the reason why, and what to look out for in your trading.
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300 pips! Weekly AUD/JPY Forex Fundamental Analysis Forecast
Last week I talked about how we should expect a big upside bounce in this pair and we’ve already seen a 300 pip bounce! I hope you are able to use this information to learn how to identify better forex trading opportunities. Sentiment in this pair is generally recovering. Watch the video to to get an objective view on sentiment and fundamentals to incorporate into your forex trading strategy
