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.
EURUSD tests the 38.2% target retracement level and bounces
February 1, 2009 by Greg Michalowski · Leave a Comment
As per the earlier morning commentary (CLICK HERE), the EURUSD had moved down to the 38.2% retracement level of the move up from the March 4th low to the March 19th high. The level comes in at the 1.3248 level. The low has been 1.3256.
The successful test and rebound, should be enough to solicit profit taking on any later dips. However, take note that a move through this level will likely lead to further selling pressure.
Forex News “FXDD Today” gives a recap of today and preview of tomorrow (Jan 7th)
January 6, 2009 by Greg Michalowski · Leave a Comment
FXDD Today is now available for download. The concise one day report, gives a snap shot of the market near the close of trading. It also gives a picture of the trend of the major economic releases due out over the next 24 hours. To access the report click on the following link
Thank you for choosing FXDD.
Greg Michalowski
Trading forex is risky and should only be done with risk capital that will not change your lifestyle. Traders could lose all of their risk capital trading forex. FXDD does not guarantee any recommendation made within this commentary. Traders should make market assessments and take trading positions based on their own personal market analysis, risk tolerance and financial condition. In addition, care should be made to only use leverage which is congruent with your personal risk tolerance. Although care was taken in creating this report, FXDD does not guarantee the accuracy of the information
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