| Introduction to support and resistance |
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| Thursday, 29 October 2009 23:02 |
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Just as anything where market forces are at play, the price of a financial instrument in the stock, futures or forex markets is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply then price will rise, and if demand is decreasing in relation to supply then price will fall. |
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EUR/USD, JPY and GBP
26 November 2009 12:29
USD/JPY dropped from levels above 87.00 to 86.25 during Asian session, and the pair picked up to 87.00 previous year low although it has failed to break above here, and has eased to 86.70.EUR/USD rally from 1.4885 low on Wednesday reached 1.5145 on early Asian session, and the pair pulled down to 1.5050 low during European session to bounce up and reach levels right below 1.567.GBP/USD decline from 1.6730 has extended during European session, with the Pound dropping about 225 pips during the...
26 November 2009 12:29
USD/JPY dropped from levels above 87.00 to 86.25 during Asian session, and the pair picked up to 87.00 previous year low although it has failed to break above here, and has eased to 86.70.EUR/USD rally from 1.4885 low on Wednesday reached 1.5145 on early Asian session, and the pair pulled down to 1.5050 low during European session to bounce up and reach levels right below 1.567.GBP/USD decline from 1.6730 has extended during European session, with the Pound dropping about 225 pips during the...- 24 November 2009 08:24 Euro & Gold
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- 29 October 2009 22:02 Introduction to support and resistance
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