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Monthly Archives: November 2012

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Investors speculate that HK Dollar will change peg

Hong Kong Monetary Authority intervenes at 7.75 to keep currency inside band The Hong Kong dollar is pegged to the US Dollar at 7.80 HKD to 1.00 USD since 1983. Policy makers set a upper and lower limit of 7.75 and 7.85. With the 29

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Support turns Resistance – an often reason for price spike

Price spike often encountered phenomenon in forex trading Forex traders often encounter price spike in the market. They happen regularly around market-moving events such as interest rate announcements or following important speeches or press releases. However a price spike could also happen for no better

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After running into resistance, is the USDJPY rally over?

USDJPY has run into a significant resistance that we covered in a previous posting ‘Will USDJPY gain under the loose monetary policy run by the US Federal Reserve?‘ This level is the 2010-low and on a chart, is a very significant pivotal level. Why? From

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What is the best way to draw equidistant channel in MT4

Using the MT4 ‘equidistant channel tool’ An equidistant channel is a type of chart pattern. It is also known as parallel channel. In this video, forex trader Jerome Lee demonstrates how to use draw an equidistant channel in MT4 using the ‘Equidistant Channel’ tool on