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Found 77 results

  1. The EURUSD is continuing to hold its uptrend on the weekly chart after this last retracement. We are starting to come into an area where buyers on the weekly chart may become interested. The daily chart pulled back and tested the 1.3700 level and bounced a little bit. If the EURUSD takes out the 1.3775 level look for a quick move to the 1.3800 in the near term. The weekly chart on the GBPUSD remains bullish. Last week steady buyers came into the market. Watch for the GBPUSD to continue to move higher but wait for a possible PBS on the 4 hour chart near the 1.6600 area. The AUDUSD had a fairly bullish week last week as prices moved into the 40 ma on the weekly chart and the .9300 area. We saw sellers react to these levels as prices began to come off on Friday. Look for the daily chart to possible kick off a retracement to the .9100 to the .9130 area. The USDCAD still looks like the uptrend on the weekly chart is still intact after this recent retracement. The weekly chart may want to continue to come off further or base out. The Daily chart retraced and tested the 1.100 level last week. The hourly chart shows a strong amount of buyers coming into the market at the 1.100 area. Watch for the USDCAD in the short term to make another effort higher to the 1.1100 level.
  2. Last week the EURUSD broke to the downside completing the formation of a daily breakout failure. There will likely be some follow through to the downside, so look for shorting opportunities. The next daily support levels are in the 1.3700 and 1.3650 areas. Weekly support is in the 1.3500 area. Last week the GBPUSD pound daily broke support and started to get some follow through to the daily double top in the area of weekly and monthly resistance. There is a void down to support in the 1.6250 - 1.6300 area, so look for shorting opportunities until we reach this level. At that level there will likely be a bounce or stall. Last week the AUDUSD daily continued to consolidate bullishly making relatively equal highs and another higher low. The daily and weekly charts still look to be forming a shakeout pattern so focus on long opportunities. It may continue to consolidate some more, so the conservative play is to wait for a break above resistance in the 0.9175 area and then look for a pullback to support to get long. The USDJPY bounced at support last Wednesday on the Fed announcement, and then stalled in the area of a 50% retracement on the daily chart. From here we could go either way. If Friday's bottoming tail holds, we could get follow through to the upside to retest the 103.75 area. If we move down from here and retest last week's low, then it will start looking like a breakout failure/shakeout on the weekly, and a break of the weekly base low could see a move down to the next weekly support around 97.00. Pristine Capital Holdings, Inc.
  3. The Icelandic Krona is the official currency of Iceland, given value by the region’s central bank. The Krona can be broken down into 100 aurar and can be symbolized as Kr. Traders investing in the HUF currency hold an optimistic view of the country’s market.
  4. For example, if a trader is long USD/JPY, the funding currency would be the JPY, as this is the currency that is being used to buy US Dollars.
  5. Fiat Currencies are the norm in global economies, as very few countries have paper currency that is backed by official reserves.
  6. Exotic Currencies generally tend to have high volatility levels and price gaps because there are not as many willing buyers and sellers to slow down price momentum.
  7. An example of a European Currency Quotation can be seen in measurements like A$1.05 per $1 US Dollar. Here, the A$ is given value in terms of its relationship to the US Dollar.
  8. An example of a European Currency Quotation can be seen in measurements like A$1.05 per $1 US Dollar. Here, the A$ is given value in terms of its relationship to the US Dollar.
  9. The Turkmenistan Manat was introduced in 1993 to replace the use of the Ruble in this country. 1 Manat is subdivided into 100 Tenge. The currency has been redenominated twice; first in 2005 at the rate of 1000 Old Manat to 1 New Manat and in 2009 at the rate of 5000 Old Manat to 1 New Manat.
  10. Monetary policy in the Euro is determined by the European Central Bank and the value of the currency is used as a peg by various trading partners as a means for calming market volatility.
  11. Electronic Currency Trading is characterized by fast execution speeds on downloaded or web based platforms. Where in the past, investors would need to be present on trading floors to complete similar transactions, Electronic Currency Tradinghas enabled individual traders to do this from any location with a web connection.
  12. Dual Exchange Rates rates are relatively rare and are usually seen when large economic shocks are present in a country, creating the need for currency fluctuation for smaller purchases.
  13. Dual Currency issues are usually seen in Eurobond transactions, as these typically involve trade agreements with more than one nation.
  14. There is some added risk in a Dual Currency Deposit agreement, as any adverse moves in the exchange rate could limit the gains made when withdrawals are processed.
  15. The D-Mark was first used in 1948 and circulated until the creation of the Euro in 1999.
  16. Currency Risk is a major consideration of multi national organizations where trade is conducted in foreign currencies. Negative risk comes when an exporter country sees drastic currency appreciation, for example.
  17. Currency Pegs are generally put in place so that international trade transactions can unfold in a more predictable fashion, without excessive risk from exchange rate fluctuations.
  18. The “Overlay” in a Currency Overlay gets its name from the overlaid hedging factors that are added to a company's forex portfolio. The key element of the practice is risk reduction and separation from the management of other assets.
  19. Currency Interventions can occur for a variety of reasons but generally the aim of the central bank is to limit potentially extreme levels of volatility.
  20. Currency Histories form the main basis for technical chart analysis, which aims to predict future price activity based on what has been seen historically. These histories can be seen on multiple time frames, but the price action remains the same no matter which period is being viewed.
  21. Currency Futures differ from Currency Forwards in that they are transferable contracts. These contracts can also be closed prior to their data of expiration and many traders view this flexibility as a substantial advantage.
  22. A Currency Forward is a non transferable contract that allows investors to lock in a certain price in anticipaton of a significant rise or fall in value at a later date.
  23. Currency Day Trading Systems differ in many ways, with some traders focusing on fundamental economic factors and other using charting analysis as the basis for positions.
  24. Currency Convertibility depends on a number of factors, such as the size of the economy and the flexibility of the government's currency policy. Currencies with low convertibility levels are also referred to as illiquid.
  25. A Currency Converter enables traders to know the value of a currency relative to its trading counterparts and these numbers can be multiplied based on the number of units that will be traded.
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