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GBPUSD – Sterling / dollar long-tailed pin bar buy signals

ersresters Posted 16 Apr
GBPUSD – Sterling / dollar long-tailed pin bar buy signals
The GBPUSD formed a long-tailed bullish 4 hour and daily chart pin bar buy signal today after reversing intraday losses into the New York close. Note the support down near 1.6680, this was an important level that the market has clearly and aggressively rejected today, and this is also in-line with the broader daily / weekly bullish trend. As discussed in the …
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Australian Dollar:

ersresters Posted 16 Apr
The Australian dollar kept up its recent form of strength on Tuesday managing to climb from the open against the US dollar reaching highs of 0.9423 early on in the Asian session. The Aussie levelled out after the small climb as investors awaited monetary policy meeting minutes out locally just before midday. Moments before the minutes the AUD dropped 17 points against the US dollar managing to stay just above US94 cents however after the announcement the Aussie continued to fall another 10 point…
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No help for the euro

ersresters Posted 13 Apr
No help for the euroMathematicians at the University of Michigan, the eponymous originator of a highly-regarded index of US consumer sentiment, have come up with an algorithm to reduce the effects of jet lag. In the best traditions of benevolent science they have packaged it as a free Iphone application called “Entrain”. On their arrival in a new time zone the app requires users to spend particular periods in different light conditions, including one described as “bright outdoor”. That isn’t a g…
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Dollar continues to decline despite positive data

ersresters Posted 13 Apr
United States Dollar:GBP/USD fell back from the 1.68 level yesterday, this after trading to a post-FOMC high of 1.6819. It traded to a low of 1.6757, having been largely unaffected by the BoE monetary policy announcement yesterday. As expected, the central bank left interest rates and QE unchanged, and governor Carney chose not to make any accompanying comments. US economic data was generally positive: jobless claims decreased to their lowest level since May 2007, import prices m/m rose beyond f…
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London transport fare rise delayed

ersresters Posted 11 Apr
The rise in transport fares in the capital will come into effect more than two weeks later than planned after an issue with the price of travelcards.
Mayor Boris Johnson had said season tickets on travelcards would go up by 4.1%, retail price index + 1%, but after the Chancellor capped fares at RPI, the rise had to be capped at 3.1%.
Transport for London claimed the delay could cost £14m in lost revenue.
The delay has been criticised as a "farcical" failure of communication.
The expected average…
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2 Commenti
Convallium avatar
Convallium 11 Apr

good blog post!

ersresters avatar
ersresters 11 Apr

thank you :)

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Forex market hours. When to trade and when not to

ersresters Posted 10 Apr  in #Trader's blog
Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader.
So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a …
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GBP-NZD

ersresters Posted 9 Apr as Analysis on GBP/NZD, Target: 1.9300, Date: 2 di Giugno, 12:00 GMT  in #Technical analysis #GBP/NZD
i am believing to must take reverse position after every sudden decline or increase
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