Forex Technical Update 9/13/2010 – Euro Gains While Pound Holds to Start Week; Is Gold Topping?

The Euro is starting the week strong, while the Sterling is struggling to hold and sliding a bit. The EUR/USD and EUR/JPY show strength but within consolidation that came after a decline. The GBP/USD and GBP/JPY show inability to rally, and continue to be pressured. The EUR/GBP is also in a strong short-term rally that is still within a larger degree decline. Finally risk aversion has brought gold near its historic high, where it is showing topping action. Is the market respecting this top? Let’s take a look.

The Breakdown Corner: DAX, GOLD

View full webinar: Expert: Ian Coleman, Day Trader at Trader Management Summary: Ian is going to break down the currency pairs he covers using various timescales. He will be explaining what to look for and how you can apply these techniques to your short term trading style. Ian uses this technique and others in his own approach to trading. We will cover all 3 pairs per webinar, going through: GBPUSD, EURUSD, EURGBP, EURJPY, AUDJPY, USDJPY, USDCHF, AUDUSD, USDCAD, DAX, GOLD.