Archive for March, 2009
« Previous Entries Next Entries »Alert: Yen and Dollar pairs breakout to fresh highs on the day once again!
Monday, March 16th, 2009NZD/USD and NZD/JPY both broke out to fresh, intra-day highs once again and GBP/USD bounced off of its 50% 15 minute chart Fib line and headed higher. So the next momentum move for the day just got started. Get your practice account by clicking on the “Practice Trading” tab above. This way you can have FREE, real [...]
My Thoughts on the Stock Market in the Near Term…
Monday, March 16th, 2009Lately, I’ve been asked about my near term view on the stock market, so I thought I’d take a moment to share that view here. Stocks are so “oversold” in the short term that we very well could see a sizable near term “bear market bounce” higher. However, I would caution someone against thinking that [...]
The Yen gets Killed this Morning as Global Markets Improve Overnight!
Monday, March 16th, 2009Last night, the Japanese yen got killed across the board (GBP/JPY, NZD/JPY, EUR/JPY, AUD/JPY went up 1.3% to 2.0% today). The breakout story on NZD/JPY and EUR/JPY seems to be continuing on this morning. So far, NZD/JPY is the biggest percentage gainer on the day with EUR/JPY in 3rd place out of about 27 currency [...]
Update on the NZD/JPY Breakout Trade
Friday, March 13th, 2009Back on March 11th, I gave a trade idea. You can see the link here: http://www.forextradingblog.com/what-is-going-on-in-the-market/two-long-term-potential-breakouts-about-to-happen/ that showed the NZD/JPY was likely to breakout soon. Well, that was back at 49.63. Now we are at 51.47 (up close to 200 pips) with more to go. Next target is 55 to 60 which we should see in the upcoming [...]
Alert: NZD/JPY Breaks out Above 50! Next Stop 55-60!
Friday, March 13th, 2009The Kiwi dollar has broken out agasint the Japanese yen on its daily chart. Get ready for another 500+ pips to come over the upcoming days to weeks. Click on the chart to enlarge it. Get your practice account by clicking on the “Practice Trading” tab above. This way you can have FREE, real time [...]
Madoff (Finally) Jailed in Ponzi Scheme!
Thursday, March 12th, 2009Here’s the links to the greatest stealer of money of all time, Madoff: http://www.bloomberg.com/apps/news?pid=topnews Tags: 2009, jail, justice, life, Madoff, money, ponzi, scheme, sentence, steal, stole, wealth
Here’s why the Canadian dollar may sink further, pushing USD/CAD through 1.30!
Thursday, March 12th, 2009Have you ever seen someone make a mistake and not only do they suffer for it but someone else does as a result also? Well, this is exactly what’s happening to Canada right now. You see, most of last year, you could say that the Canadian dollar was falling because of falling commodity prices. Since [...]
Here’s the full story on the Swiss Franc.
Thursday, March 12th, 2009Here’s the full story on the Swiss franc this morning: http://www.bloomberg.com/apps/news?pid=20601087&sid=awHMlSPjSp8U&refer=home Tags: CHF, currencies, currency, dollar, euro, forex, franc, fx, fxedu, interest rates, intervene, intervention, invest, lower, market, money, movement, mywealth, parabolic, Sean Hyman, spot, swiss, trade, trader, trend, uptrend, wealth, yen
Swiss Central Bank intervenes in the Swiss Franc by buying Foreign Currencies to Prevent Further Franc (CHF) Appreciation!
Thursday, March 12th, 2009Swiss Central Bank intervenes in the Swiss Franc by buying Foreign Currencies to Prevent Further Franc (CHF) Appreciation! The dollar and euro and yen seem to be the biggest beneficiaries of this “Swiss selling/Foreign Currency buying” that the SNB is doing this morning. Get out your popcorn folks! Sean Hyman Tags: [...]
One of the biggest 15 minute candles I’ve seen lately!
Thursday, March 12th, 2009Click on the chart of USD/CHF to enlarge it. Sean Hyman Tags: blog, CHF, forex, forextrading, Sean Hyman, USD
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