ForexGen Guide

ForexGen Trading

Trading methods

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Technical Indicators

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Forex options

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Post of The Day USD/CAD

Question: Here we can see a Double Top occurring on the USD/CAD chart. The MACD indicator shows the first peak, but gets nowhere near on the second peak. This to me indicates that the trend will turn and shows a good time at which to sell. Power Course Instructor’s Response: Well done... This is a dramatic... [read more]

Daily Forex Technical Report − Dollar and Yen to Resume Rally Cautiously, Focus on Services Data

Action Insight Daily Report Dollar and Yen to Resume Rally Cautiously, Focus on Services Data While dollar and yen retreats mildly from this week's high as stocks recovered, the pullback is so far mild and doesn't change the near term bullish outlook. Focus will turn to services data from Eurozone, UK and US today as well as some preview reports for Friday's Non-Farm Payroll. The data are expected... [read more]

Trading the Reserve Bank of New Zealand's Rate Decision

NZD/USD: October 2008 Reserve Bank of New Zealand Rate Decision The RBNZ lowered the benchmark interest rate by 100bp to 6.50% from 7.50% – the largest reduction since the central bank began using the official cash rate in 1999. The extraordinary efforts taken on by Governor Alan Bollard suggests that economic conditions are deteriorating... [read more]


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