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Written by Our Staff Writer
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August 29, 2010: The key currency pairs are analyzed in this report to find support and resistance areas to trade off. Last week traders using our entry and exit areas made a net loss of $94. The net profit/loss is based on trading three full contracts. Profits and losses will vary depending position size. |
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Written by George Albert
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(Written by our editor and published in DNA Money)
August 22, 2010: The dollar index pulled back last week and then rallied to new highs as predicted, retaining its bullish bias since hitting support in the 80 area. |
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Written by George Albert
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(Written by our editor and published in DNA Money, India)
August 15, 2010: The dollar index rallied nearly 3.5% from the support zone of 79.50-80.50 identified in last week’s column and has moved above the 200-day exponential moving average (EMA) — a bullish sign. |
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Written by George Albert
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(Written by our editor & published in DNA India) August 9, 2010: As forecast last month, the dollar index finally reached its support zone between 79.50 and 80.50 last week. |
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Written by George Albert
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(As published in DNA Money, India)
August 2, 2010: The US dollar-India rupee’s (USDINR) supply zone in the 47 to 47.50 area has been hit a few times, increasing the local currency’s chances to weaken further. |
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Currencies
