Archive for June, 2012

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GBP/USD going up in correction?

June 3, 2012

When you look at the daily chart of GBP/USD  you can see that it tested the significant support at 1.5278 and rebounded, forming asymmetrical triangle. Read more

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Forex: Technical analysis VS Fundamental analysis

June 3, 2012

Many traders wonder how to analyze the market – via the chart or via the news and events, many traders think that the news lead the movement of the price… But our opinion(and not only ours) is that the influence of the major events is not as big as you think. Trader’s Sentiment is what moves the price up or down. And you can see the sentiment of the traders at the chart. Most of the time the bad news are coming as a result of the previous downtrend movement and the good news are coming as a result of the previous uptrend movement. Read More