Monday 03/15/2010

EUR/USD
Open 1.3642
High 1.3796
Low 1.3536
Close 1.3767

Last week, we could see a significant growth of the EUR/USD pair, however the price stopped at the strong resistance level at 1.3800. It's the local maximum from 11th and 16th-17th of February. Since then, EUR/USD is moving within a 1.3400-1.3800 channel.

GBP/USD
Open 1.5151
High 1.5127
Low 1.4871
Close 1.5201

After a few bad sessions at the beginning of the week, british pound moved up 220 pips since Thursday. GBP/USD movement was additionally strenghtened by the weakening USD on Friday. It had influence on the all major pairs.

Last week, 4xCanaryBot opened 6 trades, all of them closed with profit. GBP/JPY
Open 136.96
High 138.06
Low 133.89
Close 137.63

GBP/JPY movement is very similar to the one of the GBP/USD. The price has stopped at the support level (133.90), both on Tuesday and Wednesday. Since then, GBP/JPY started its upside moevement, forcing 138.00 level on Friday.

Monday 02/22/2010

EUR/USD
Open 1.3615
High 1.3787
Low 1.3442
Close 1.3611

On the EUR/USD week chart, open and close prices were almost the same, which may indicate the reversal of a bearish trend.

The most important piece of economic news of the previous week was the FOMC's decision about increasing the discount rate from 0.5% to 0.75%. Chairman of the FOMC, Ben Bernanke, claims that it will not influence the price and access to the consumer credits.

Once again Pips Miner EE turned out to be the best EUR/USD trading strategy, opening 15 orders and closing all of them with a 40-pips profit. It brought $597.31 profit during one week and playing with just 0.1 lot. Pips Miner LE opened only 2 positions, however both of them were profitable.

GBP/USD
Open 1.5658
High 1.5815
Low 1.5346
Close 1.5470

GBP lost over 200 points to USD last week. The main reason for this was the appreciation of the USD and worse than expected reports about Retail Sales in the UK in January.

The GBP/USD trading 4xCanary Bot opened 8 positions last week, all of them closed at TP.

GBP/JPY
Open 140.96
High 143.60
Low 140.68
Close 141.56

Since the very beginning of the previous week, GBP/USD pair was on an upside trend, nevertheless Friday reports concerning Retail Sales in the UK provoked correction on the market.

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Monday 02/15/2010

EUR/USD

Open 1.3655
High 1.3838
Low 1.3530
Close 1.3630

For the main currency pair, last week was determined by the one upside correction on Tuesday. After the hammer candlestick was created on a daily chart on 5th February, price attempted to force higher levels and topped at 1.3838. Few days after that, EUR/USD price bottomed at 1.3530 and closed on Friday at 1.3630, creating another hammer candlestick on a daily chart.

Pips Miner trading EUR/USD is capable of taking advantage of big movements on the market. The Pips Miner EE made the best of it, opening 30 trades with 100% accuracy and earning 1200 pips! Playing with 0.1 lots ended up with 1186.41$ profit. PM SE also had good results, closing 20 orders with 100% accuracy and 600 pips earned. Last week PM LE version (opens max. 1 order a day) opened 4 orders, all of them closed at TP.

GBP/USD

Open 1.5595
High 1.5763
Low 1.5533
Close 1.5697

For the GBP/USD pair, last week resulted in changing almost monthly bearish trend into a consolidation. Forcing high or low price from the previous week may orient further movement towards one direction, which most likely will be further downside movement.
4xCanary Bot trading GBP/USD pair had opened 7 orders which all have closed at the "take profit" price.

GBP/JPY

Open 139.03
High 141.87
Low 138.62
Close 141.17

Similarly to GBP/USD, GBP/JPY pair has also stopped its bearish trend, and after a small upside movement, price has met a strong resistance at the 141.00-141.30 level. Contrary to GBP/USD pair, GBP/JPY was struggling with that level until end of the week. Forcing local minimas from 27th November 2009 at 139.20 and 5th February 2010 at 138.20, may orient this pair towards further bearish direction.

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