While the US dollar was supposed to lose ground against its counter parties, the market has remained surprisingly stubborn and trapped in a sideways trading range.
In today's video I will explore what's going on, and where I think this market is headed in the future.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar (USD) and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
We're also using MarketClub's Fibonacci tool. If you have not seen this tool in action, I strongly recommend that you watch today's video.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Today we are looking at a market we have not looked at for quite some time. I am of course referring to the Japanese Yen US dollar relationship.
The video I have just completed is less than four minutes long and it will give you a good idea as to what the next major direction will be for the dollar against the Yen.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Today, we are dissecting and examining one of my favorite markets ... the Forex market. The Forex market is the biggest market in the world and is traded on a 24/7 basis.
What makes these markets so exciting is the fact that they have a very strong tendency to trend, that is, once they get started in one direction they tend to continue in that direction for some time.
I learned how to trade Forex in the trading pits of Chicago where I was a member of the IMM, a division of the Chicago Mercantile exchange. The CME has grown dramatically over the years, and I have many fond memories of trading in the old exchange in Chicago. Today, you can trade the stock of the CME (NASDAQ_CME).
Video link on next page.
Continue reading "Some thoughts on the dollar. (New Forex Video)"
Last week I showed you how to analyze 13 forex cross-rates in less than 11 minutes. I thought it would be fun to go back and look at how this very quick analysis turned out.
Out of all the markets we analyzed in just 11 minutes, only five were in tune with our trade "Triangle Technology." What this means is that both our daily and weekly "Trade Triangles" were in alignment indicating the direction for that particular cross.
We first looked at the following cross rates on June 18th, 2009. The first number you see below is what that cross rate was trading at when we made the video last week:
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