Forex Signals

1.6000 Significant Pivot Area For Cable
The current debt problems in Greece have seen a stronger dollar and therefore a weaker pound. The UK labour report and retail figures also disappointed and cable has been under pressure this week.
The pound is one of the weakest currencies when referencing the relative strength correlation charts
Here are the main technicals going [...]

Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/01/2010) has broken out above several resistance levels, establishing a new 3-week high in the process. This occurs after price action broke out above an important parallel downtrend channel last week, corrected back down to re-test key 0.8850 area support as [...]