Forex Trading | Currency Exchange | Currency Trading | Foreign Exchange Blog » support http://www.forexbite.com/bites Wed, 20 Apr 2011 04:26:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 What Is Range Trading http://www.forexbite.com/bites/what-is-range-trading http://www.forexbite.com/bites/what-is-range-trading#comments Thu, 23 Dec 2010 03:12:42 +0000 http://forexbite.com/bites/?p=53 What Is Range Trading post from Forex Trading Blog

]]> Range trading, or range-bound trading, is a trading style in which a financial product (fore example currency or stock) is watched that have either been rising off a support price or falling off a resistance price. Let’s talk in the context of forex trading. That is, every time the currency pair hits a high, it falls back to the low, and vice versa. Such a currency pair is said to be “trading in a range”, which is the opposite of trending. The range trader therefore buys the currency at or near the low price, and sells (and possibly short sells) at the high. A related approach to range trading is looking for moves outside of an established range, called a breakout (price moves up) or a breakdown (price moves down), and assume that once the range has been broken prices will continue in that direction for some time.

The same principles of range trading are equally applicable in the stock market as well as other financial markets.

What Is Range Trading post from Forex Trading Blog

]]> http://www.forexbite.com/bites/what-is-range-trading/feed 7 Fed Report Leads to EUR/USD Daily Highs http://www.forexbite.com/bites/fed-report-leads-to-eurusd-daily-highs http://www.forexbite.com/bites/fed-report-leads-to-eurusd-daily-highs#comments Sat, 04 Dec 2010 22:00:34 +0000 http://forexbite.com/bites/?p=17 Fed Report Leads to EUR/USD Daily Highs post from Forex Trading Blog

]]> The Euro is actually rising against the Dollar after the Federal Reserve releases a massive Loan report about who take what and when from Federal Reserve credit and liquidity facilities. In the last moments the EUR/USD has jumped from 1.3045 to break up 1.3100 level and reach an intraday high at 1.3180 in a reaction movement.

Currently, the pair is trading close to 1.3140, next resistance levels at 1.3180/00 (Nov 29/26 lows) and then 1.3125 (200-day MA). On the downside, support levels lie at support at 1.3065/80 (Intra-day levels), and below here, 1.3045 (previous highs) and 1.2965/70 (Nov 30 low/day low).

Fed Report Leads to EUR/USD Daily Highs post from Forex Trading Blog

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