ForexGen News: forexgen academy

Short-Term Forex Technical Outlook: NZD/USD

Sat, 13 Dec 2008 00:54:00 GMT

The technical outlook for the NZDUSD remains bearish as risk aversion remains a dominant theme in the financial markets, and the pair is likely to move lower over the near-term as it continues to hold a downward trend. Currency Pair: NZD/USDChart: 60 Min Charts Short-Term Bias: BearishAnalysis The technical outlook for the NZDUSD remains bearish as risk aversion remains a dominant theme in the... [read more]

Euro Technical Outlook

Thu, 04 Dec 2008 05:07:25 GMT

I am sticking with the triangle pattern. Triangles consist of 5 waves, a-b-c-d-e.If a triangle is underway, then wave e is underway now (possibly complete at 1.2772) and will end as a spike above 1.2772. Resistance begins at 1.28 and extends as high as 1.30. Rallies into this zone should be sold.[ForexGen Academy]If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities... [read more]

ForexGen | Mortgage Rates Dip For Fourth Straight Week

Thu, 27 Nov 2008 20:09:14 GMT

Mortgage rates dip for fourth week; falling below 6 percent for first time since early OctoberRates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market.Further drops are likely, analysts said, reflecting the market's positive response... [read more]