FX Solutions Offers Traders Greater Flexibility With the MetaTrader 4 Trading PlatformTuesday, July 19, 2011 @ 6:37AMNEW YORK, July 19, 2011 /PRNewswire/ Online forex trading broker FX Solutions ( http://www.fxsolutions.com/) offers the MetaTrader 4 trading platform, giving traders a high level of flexibility and the ability to analyse the forex markets with …
EURUSD: Bounce Sought to Enter ShortTuesday, July 12, 2011 @ 11:18PMEURUSD broke below the psychologically critical 1.40 figure having pierced the underside of a Triangle chart formation carved out since late April.
USDCAD: Long Trade Triggered on Fib BreakTuesday, July 12, 2011 @ 8:33PMUSDCAD broke above resistance at 0.9668, the 23.6% Fibonacci extension level and a familiar pivot level that has acted as both significant support and resistance since early March.
GBPUSD: Standstill Continues, Bias BearishFriday, July 8, 2011 @ 4:33AMPositioning is little changed from last week, with prices wedged between Fibonacci extension resistance at 1.6120 and a familiar pivot at 1.5935. The break below medium-term trend line support in mid-June argues for a bearish bias but with prices squarely at support, entering short is unattractive from a risk/reward perspective.
EURUSD: Triangle Setup Argues for GainsFriday, July 8, 2011 @ 4:18AMEURUSD put in a bullish Hammer candlestick above support at 1.4281, the 50% Fibonacci extension level, hinting an upswing is ahead. Furthermore, prices are carving out a symmetric triangle formation, which is typically indicative of continuation.