China News and UK Trade and news send risk pairs lower along with the Pound
March 9, 2010 by Greg Michalowski · Leave a Comment
December 31st 2009 NY Opening Forex Commentary
December 31, 2009 by Greg Michalowski · 1 Comment
July 3rd 2009 Forex Weekend Technical Commentary
July 3, 2009 by Greg Michalowski · Leave a Comment
The FXDD NY Weekend Technical commentary is available for viewing. In it, Greg Michalowski, looks at the major currency pairs from a technical perspective and on a longer term basis.
Have a great weekend and thank you for choosing FXDD.
July 3rd FXDD Morning Forex Report
July 3, 2009 by Greg Michalowski · Leave a Comment
Greg Michalowski looks at the major currency pairs and gives an assessment of what traders should look for in today’s trade. Included in his analysis are the EURUSD, the GBPUSD and the AUDUSD along with others. To watch the report click on the video below.
June 26th 2009 Weekend Forex Technical Review
June 26, 2009 by Greg Michalowski · 2 Comments
USDJPY just not moving anywhere
February 3, 2009 by Greg Michalowski · Leave a Comment
The USDJPY continues to consolidate. The price action continues to move higher and lower in a non-trending fashion. Yesterday, the range took the price above the 100 hour MA, and below the 200 hour MA and each time the extremes were rejected. Today, after a move higher initially, the pair has settled in between the 100 and 200 hour MAs. The topside resistance (100 hour MA) comes in at the 89.69 level. The bottom support (200 hour MA) comes in at 89.35.
As mentioned yesterday, the market in USDJPY is non trending. The price on the longer term chart remains at low levels with little upside momentum. The good news is the longer the market consolidates, the greater the chance for a break at some point. So be alert.
Forex Trading: GBPUSD moves to test the 100 hour MA resistance
February 2, 2009 by Greg Michalowski · Leave a Comment
The GBPUSD has moved back higher moving closer to 100 hour MA resistance. The level comes in at 1.4254. The high has been 1.4241. A break should solicit additonal buying (and would probably help the GBP crosses as well).
Forex Trading: GBPJPY has moved down. Watching Friday’s low for support
February 2, 2009 by Greg Michalowski · Leave a Comment
The GBPJPY did move down from resistance against the 50% retracement and the key 100 hour MA. The pair has moved toward Friday’s low price at 126.68 level. Watch this level.
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