Daily FX Training | Learn Forex with the Dynamic Traders

Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, March 21, 2007

Sterling

GBPUSD 15 minute chart
Chart courtesy of Dynamic Traders. Data provided by ESignal.
Good morning, I didnt manage to get a good internet connection to update yesterday. Above is the 15 min chart of GBPUSD just after the news has come out. I had an order to open for a long and short and my short has been triggered. Market will probably go towards the moving average shown in red.
The AUDUSD is trying to test the resistance and if it breaks through with volatility and not a fake breakout then we could see it test the highs of 1996.
The USDCAD pair is now showing some strange characteristics for a continuation. However, I am still going to be long with a break above 1.618 should it get there. I would prefer for it to break that high and then do a pullback and continuation.
Lastly, I have lost my mobile so those of you trying to call me im sorry to say will have to wait another day or two until my replacement has arrived.
Good luck today.