Forex Trading – Limit order 16/07/2010. Sell GBP/CHF @ 1.5970 , SL @ 1.6145 , TP1 @ 1.5875 TP2 @ 1.5810 TP3 @ 1.5740 The pair has been trending downwards and has made a small retracement upwards. We want to enter the main trend which is still downwards but first wait for a confirmation the [...]
Posts Tagged ‘currency pairs’
The Pound weakened from a two-month high against the Dollar
July 11th, 2010
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USD Dollar (USD) – The Dollar was mixed against most of the other major currencies after better than expected U.S. data on initial jobless claims supported a stronger Dollar but eventually, the stocks markets and the oil succeeded to rise nicely, causing the Dollar to be unstable. Unemployment Claims came out at 454K vs. 461K [...]
Understanding Forex Pricing
August 12th, 2009
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In this article we will look at the forex pricing. For every given currency pair the base and the quote currency. Generally, given a pair e.g. EUR/USD your base currency would be the Euro because it comes first and your quote currency would be USD. The base currency is of paramount importance because it is [...]
