forexqs.blogspot.com
09-01-2009, 07:53 AM
The Wild Card AUD/USD 1 Sep 2009 (http://forexqs.blogspot.com/2009/09/wild-card-audusd-1-sep-2009.html)
Tuesday, 1 Sep 2009
USD Trades Lower on Market Optimism
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month of August. This indicator is a primary gauge of manufacturing sector, acting as the main driver of the U.S. economy. On top of this good news, a rise in demand for U.S. goods from abroad is also likely to help boost the U.S. economy in the coming months.
http://4.bp.blogspot.com/_477SKWYnnbQ/Spz4fiO7BLI/AAAAAAAAAGs/OebyA6Eskew/s400/Forex+Market+Trends.jpg (http://4.bp.blogspot.com/_477SKWYnnbQ/Spz4fiO7BLI/AAAAAAAAAGs/OebyA6Eskew/s1600-h/Forex+Market+Trends.jpg)
The Wild Card
AUD/USD
It appears a bearish cross has recently formed on the 4-hour chart's Slow Stochastic, indicating that this pair's recent downward correction may still have some steam. Now would be a great time for forex traders to join this recent run and capture the remaining profits before the rising trend continues.
Tuesday, 1 Sep 2009
USD Trades Lower on Market Optimism
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month of August. This indicator is a primary gauge of manufacturing sector, acting as the main driver of the U.S. economy. On top of this good news, a rise in demand for U.S. goods from abroad is also likely to help boost the U.S. economy in the coming months.
http://4.bp.blogspot.com/_477SKWYnnbQ/Spz4fiO7BLI/AAAAAAAAAGs/OebyA6Eskew/s400/Forex+Market+Trends.jpg (http://4.bp.blogspot.com/_477SKWYnnbQ/Spz4fiO7BLI/AAAAAAAAAGs/OebyA6Eskew/s1600-h/Forex+Market+Trends.jpg)
The Wild Card
AUD/USD
It appears a bearish cross has recently formed on the 4-hour chart's Slow Stochastic, indicating that this pair's recent downward correction may still have some steam. Now would be a great time for forex traders to join this recent run and capture the remaining profits before the rising trend continues.