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- Tuesday, 06 October 2009 08:57:14 GMT The Trend of the Day - GBP/USD
- Tuesday, 29 September 2009 11:59:09 GMT The Trend of the Day - AUD/USD
- Tuesday, 22 September 2009 08:58:39 GMT Post of the Day: Risk Reward Ratios
- Thursday, 17 September 2009 18:49:26 GMT The Trend of the Day - EUR/USD
- Thursday, 17 September 2009 11:33:00 GMT The Trend of the Day - GBP/JPY
- Thursday, 17 September 2009 08:59:57 GMT Post of the Day: Determining a Price Target for Triangles
- Wednesday, 16 September 2009 12:10:21 GMT Trend of the Day - NZD/USD
- Tuesday, 15 September 2009 11:53:03 GMT The Trend of the Day - EUR/JPY
- Monday, 14 September 2009 09:39:08 GMT The Trend of the Day - NZD/USD
- Friday, 11 September 2009 10:13:14 GMT Trend of the Day - GBP/USD
- Friday, 11 September 2009 10:13:14 GMT Post of the Day: Identifying an Entry
- Thursday, 10 September 2009 11:25:08 GMT The Trend of the Day - EUR/USD
- Wednesday, 02 September 2009 12:25:55 GMT Trend of the Day - GBP/USD
- Wednesday, 02 September 2009 08:44:39 GMT Post of the Day: Controling Greed
- Tuesday, 01 September 2009 10:07:53 GMT Trend of the Day - CAD/JPY
- Tuesday, 01 September 2009 08:29:44 GMT Post of the Day: Hanging Man Candlestick
- Thursday, 27 August 2009 04:10:19 GMT Post of the Day: Professional Traders vs The Amateur Trader
- Wednesday, 26 August 2009 11:45:00 GMT Trend of the Day - EUR/GBP
- Wednesday, 26 August 2009 04:36:38 GMT Post of the Day: Wicked Candles
- Tuesday, 25 August 2009 04:07:15 GMT Post of the Day: Candlestick Identification
Our trend for the day is USD/SGD.
On 9/25 I posted the following daily trend:
Our trend for the day is USD/SGD. The US dollar up trend from the middle of July from the 1.3458 area up to the 1.4482 September 11th high has fallen some 240 pips before finding support at the 38.2% Fibonacci support level. Marked by a bullish Harami pattern, USD/SGD looks to re-challenge the 14482 level. Extreme dollar bearish sentiment could recoil this pair higher if and when the $700 billion financial system bailout is approved.
Today, the USDSGD has exceeded our target reaching a high of 1.4527. Stochastics has entered the overbought zone and negative divergence in MACD forecasts weakness in prices some point in the future. This may be just a minor pullback in a longer term uptrend.
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