Monthly Archives: August 2008

The End of US Dollar Rise?

Posted on August 28, 2008 by Elisha

Could this week be the end of US Dollar Rise? We can see a good MACD divergence in 4 hour chart as shown above. You might want to buy and put your stop loss at 1.8280. As long as price … Continue reading →

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GBP/USD will rise?

Posted on August 17, 2008 by Elisha

After 2 weeks down tremendously. We see good chance of GBP/USD to rise. Watch the price to retest the previous low at 1.8511. Your profit target is 1.9300 level. Let’s see what the market is doing. Take care and God … Continue reading →

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GBP/USD Forecast August 2008

Posted on August 10, 2008 by Elisha

We see a great down in GBP/USD last week which was caused by 2 reasons: 1. The gas price was slashed down again and this pushed up US Dollar. 2. The small traders that chase after the US dollar trend … Continue reading →

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Currency Forecast For August 2008

Posted on August 3, 2008 by Elisha

We saw a nice spike up for GBP/USD last week then price went down to today’s level. It’s good indication for us to trade this pair. I see a good place to enter between 1.9730 to 1.9750. GBP/USD will have … Continue reading →

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Nonfarm Payroll 1st August 2008

Posted on August 1, 2008 by Elisha

Today, nonfarm payroll report will be coming coming up at 8.30am EST. I expect that the Unemployment Rate will be increasing again this time. Economy is bad in US right now. This report may give a spike for all currency … Continue reading →

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