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Market Review - 20/10/2010 22:57 GMT

Dollar weakens broadly on Fed policy outlook

The greenback fell sharply against other major currencies on Wednesday, as market expected U.S. Fed would ease monetary policy further to spur the economy. Dollar tanked to a fresh 15-year low of 80.84 against the Japanese yen.

Dollar fell from 81.66 against the Japanese yen in Asian morning on active cross buying in yen due to renewed risk aversions and edged lower in European morning. Later, the greenback dropped sharply to a fresh 15-year low of 80.84 in NY morning on dollar's renewed broad-based weakness before staging a recovery.

Although the single currency extended Tuesday's selloff from ...

EURUSD Weekly Summary: Change in polarity at 1.3800 key level

The EURUSD made another volatile but indecisive movement this week, made another Doji on weekly chart. Last week I talked about the triangle which suggests a consolidation phase with 1.3800 as a key level. That condition remains the same. This time, I want to take a closer look at 1.3800 level from another technical perspective called “change in polarity” which is one of the most important principles of technical analysis. This principle simply means that a broken support becomes a resistance and a broken resistance becomes a support. As you can see on my weekly chart below, the 1.3800 level has been a key level since May 2009. When price breaks below 1.3800, it ...

The programmers at FXCodeBase.com have created over 600 custom indicators and strategies which you can add to the Marketscope charts. Below are 5 practical custom indicator I think you will find useful. Each indicator can be downloaded at the link provided below. If you need any help adding the indicator to Marketscope, take a look at the tutorial I posted here or just let me know if you need help.


1. Display Trading History on Chart
The Marketscope chart will display current trade information and recent historical trade information directly onto the chart. However, the chart will not display all of your historical trading history. The solution is to use the trading history indicator. If you look at the screenshot ...

This is just a little excerpt on Donchian Channels.

According to investopedia (http://www.investopedia.com/terms/d/donchianchannels.asp), this indicator was developed by Richard Donchian (http://www.turtletrader.com/trader-donchian.html). The Donchian channel is an indicator used in market trading. It is formed by taking the highest high of the daily maxima and the lowest low of the daily minima of the last n days, then marking the area between those values on a chart (http://en.wikipedia.org/wiki/Donchian). This simple indicator of following the highs and lows of x number of bars back has simple Entry rules. Go long if a bar closes above the high or go short if the bar closes below the low. Donchian’s 20 simple trading guides ...

Attached Images

   

Attached Files

• Donchain Indicators.zip (3.3 KB, 855 次查看)
• donchian-commodities.pdf (285.3 KB, 1314 次查看)
• Wall-Street-Journal-Turtle-Trading-Review.pdf (273.3 KB, 1037 次查看)