Tadawul FX Launches Autochartist Tool For CFD Trading | Published: (Feb 1, 2012, 3:06 am) Forex and contracts for difference broker Tadawul FX has launched its Autochartist tool, aimed at helping CFD and forex traders identify trends and price movements in underlying markets to make better trading decisions. Contracts for difference and forex traders using the Tadawul FX platform will today benefit from free access to the Autochartist tool, an [...]
UK Producer Pricing Falls In December | Published: (Jan 27, 2012, 8:54 am) Loosening inflationary pressures have helped UK producers record a decline in pricing through December, leading to forecasts of easing pricing pressures on consumers and businesses through the end of 2012. The price of UK produced goods has fallen by 0.2% in December, surprising analysts to reflect easing inflationary pressures that could filter through to consumer [...]
USDCHF traded in a narrow range by forexcycle | Feb 3, 2012, 2:33 am USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still possible. However, [...]
USDCHF stays in a downward price channel by forexcycle | Feb 2, 2012, 1:55 am USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114 and 0.9249 is treated as consolidation of downtrend. As long as the channel resistance holds, we?d expect downtrend to resume, and another fall towards 0.8900 is still possible. Key resistance is [...]
USDCHF breaks above downward trend line by forexcycle | Feb 1, 2012, 3:49 am USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated as consolidation [...]
EURUSD rebounded from 1.3077 by forexcycle | Jan 31, 2012, 1:56 am After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle top has [...]
AUDUSD pulled back from 1.0687 by forexcycle | Jan 30, 2012, 3:22 am Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall could be [...]