Positive Thinking

Friday was a day where the mind was not fully focused on trading, I had a train to catch just before 9am and was getting my things together for the journey while trying to find trading setups from the charts. And in doing so completely lost all track of time and missed the 7am trade on GBPUSD. I had the line of support drawn in on my 5 min chart, identified divergence on the MACD and there was a double top on the chart, but the one thing that was missing was me, I was not sat there in front of my screens waiting to enter the trade. The trade raced away without me to hit its target, which left a lot of negative thoughts in my head.
In trading always think positive. Not everyone accepts or believes in positive thinking. It is quite common to hear people say: “Think positive!” to someone who feels down and worried. Most people do not take these words seriously, as they do not know what they really mean, or do not consider them as useful and effective. How many people do you know, who stop to think what the power of positive thinking means?
Positive thinking is a mental attitude that admits into the mind thoughts, words and images that are conductive to growth, expansion and success. It is a mental attitude that expects good and favourable results. A positive mind anticipates happiness, joy, health and a successful outcome of every situation and action. Whatever the mind expects, it finds.
Negative thoughts, words and attitude bring up negative and unhappy moods and actions. When the mind is negative, poisons are released into the blood, which cause more unhappiness and negativity. This is the way to failure, frustration and disappointment.
So the next time you sit down to trade block out all of those negative thoughts and replace them with positive thoughts. Stay positive, thinking positive thoughts, feeling positive feelings and using positive words. Teach your mind to think positively and ignore negative thoughts.
Back to trading and full of positive thoughts after a dry weekend out and about with the family, the 7am trade on GBPUSD was about to trigger. A line of old resistance now acting as support would be the additional reason for entering the trade. Price broke down through this level just after 7am and fell to my 20 point target.

Trading: A great opportunity to earn a second income

You can earn huge money by trading on stock market. All you need is a good stock trading strategy and tools that can protect you against losses and maximize your profits. However, more often than not people who get into this business lack sufficient knowledge to gain maximum benefits.

To be really successful in trading, you need to understand the nitty-gritty of this business. Trading is more than just selecting good stocks. A good trader always knows when to exit and when to invest in a particular stock. It is never a guess game. There are some set of criteria that should be analyzed before investment.

In current economic scenario, it is more important than ever to understand the factors, tools and strategies that can influence your success as an investor.

Attend Veritas Traders’ Free Trading Seminar and maximize your earning potential.

Veritas Traders Free Trading Seminar provides you with an opportunity to discover easy and simple methods of trading. Veritas Traders Free Trading Seminar is an exclusive seminar for traders who want to earn a second income instantly. You will get an opportunity to discuss the inside secrets of the trade with the industry experts.

When: Wednesday, January 20, 2010 from 6:30 PM – 8:30 PM (GMT)

Where: City Index,
Park House, 16 Finsbury Circus
London, London EC2M 7EB,
United Kingdom

The seminar identifies the real secret of trading with some of the elite traders. Learn more about the tools that professionals use to maximize profits and How to make living from trading.

At Veritas Traders Free Trading Seminar you will gain exceptional knowledge to analyze professional trading charts. Trading charts help you get a quick overview of trading activities. The ability to comprehend the trading charts helps you take efficient trading decisions in real time.

What type of trader are you?

Here is a useful link, that a trading friend of mine found, to help define what kind of trader you are. It comes from the site of Van Tharp a well-known and respected Trader Coach who was covered in Jack Schwager’s book Market Wizards and was one of the final candidates for the Richard Dennis’s Turtle Trader program.

The test should take about 4 minutes and whilst not exhaustive should give you a good idea on what type of trader you are and where your strengths and weakness lie (should you not be painfully aware of them already).

http://www.tharptradertest.com/default.aspx?question=1

It would be interesting to see what peoples results are from the test.

My own result was Detailed Trader.
A detailed trader tends to earn success by being through, methodical, systematic, organized, and dependable. A detailed trader is also realistic and responsible as long as things make sense.

As a detailed trader I have two of the three core qualities: I make logical decisions and I am orderly, but my love of detail makes it harder for me to grasp the big picture. I am willing to take complete responsibility for my trading results, this also means that I take responsibility to understand the big picture and interconnected relationships. I can change my thinking so that I treat trading as a business.

The report goes on and gives areas to address in my trading.
1: Being over critical of myself and not recognising mistakes.
2: Trading under stress.

The Head and Shoulders reversal pattern

Overnight we have seen some strong dollar moves. Price action looked to be overextended and we started to see some head and shoulders reversal patterns forming on most pairs. The one that I liked the look of the most this morning was USDJPY.

USDJPY was trending higher on the 5 min chart, but when the price action failed to set a higher high this provided the right shoulder for the head and shoulders pattern. A break of the neck line would be my signal for entry, which would also be the break of the trend line and the big number 90.00. Also if you check out the MACD there was divergence giving added confirmation for the trade. For targeting this pattern we measure from the head down to the neck line and in this example that gave a target of 25 points. With the daily pivot level at 89.73 this also provided conformation of a suitable target level.

Price action broke the neck line, the trend line and the big number and closed below these levels so the trade was entered and as you can see from the chart carried on down to the target level where the trade was closed.

At the same time the GBPUSD 7am trade triggered, there was a line of support on the price action which was at the support level 2 of the daily pivots, this level broke just after 7am and the trade was entered and ran down to the 20 point target.

So I was trading GBP weakness and JPY strength, so would expect to see GBPJPY dropping and yes it was. The line of support was broken but this time waiting for the candle to close before entry did not help, as the price closed over 20 points below the break level this would add to much risk in points to the trade so the trade was left.

Always remember your trading rules and do not go chasing the trades. If you missed one don’t worry as there will be another one along some time.

Bull and Bears Make Me MONEY. What about you?

Today was a good day! Trading is simple if you keep that way. I always time my trades and We know in the live trading room that our trades last about 30-60 mins. Today was simple! Why? Because I looked at the pull backs in a up trend and used a few key tools to watch the market.

Our Clients made profits because they follow our method and can adapt it to there own lifestyle such as work! play and eveything in between.

If you are frustrated with you trading then take a step back to work out why. It is easy to lose lots of money in a few mintues because you are not following a good plan. if you would like to know how to create a good trading plan why not join us for our Trading workshop next month

Veritas Traders Comment: We will be doing a very clever workshop on the whole aspects of trading. We have found that workshops offer you the ability to compare yourself with others and grow into a successful trader. IF you are a newbie then it will let you know all the mistakes that pros made (I remember those days)

Come and join us so we can teach about 360 degrees of trading. From the markets to your broker to your trading platform. We have so much Experience we are happy to share it with you!

Trading and Money Making

Are you one of those who have heard about Forex trading but not sure what it really is? Or are you looking for Forex trading tips to make huge profits? The foreign exchange market is one of the most exciting, fast-paced markets around. Until recently, Forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals.

The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts. The Forex market provides plenty of opportunities for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.

Spend an evening with elite traders and discover the Veritas’ secret of trading for 2 hrs per day. You will learn how to trade the financial markets with the use of professional trading charts. You will be trained to manage risk and maximize profits like an expert.

The event brings you an opportunity to learn the basic tools that professionals use to trade. It is a great way to discover how traders examine the correct markets to make immense profit. You will be able to make over £1000’s in any kind of market direction.

This event enables you to learn the traits to avoid disasters and maximize your potential in the currency exchange market. It is a key to become a successful trader. You will come to know where, when and how to enter and exit trades for maximum income.

A Wonderful Wedding! 260 + points in Forex

This week has been a fantastic week for the forex side of things and Alan is very happy to show you what we did in the live trading room. Every week I try and think of a topic that could go with trading! Last week it was “Inception” The last few months has been the weather, sports and the summer relaxation and vacations. Today not sure! I was a t a wedding on Saturday and it was great to see my cousin getting married it just made the day even more special.
This is why I trade for a living, not to attend weddings but to enjoy life. We speak to a lot of people that contact us about wanting to use trading to enhance their lives and use the proceeds from trading . Well this week was great we took quite a lot of points in forex and we will be using those proceeds to do something wonderful with it.

Now down to business, We have 2 modules from our training session from 2 weeks ago and we have one more on Trading Psychology, Unfortunately there was a technical problem with the recording so we reschedule. We are looking forward to this and we are considering opening it up to everyone so we can get some valuable input. We will keep you posted.

Please note to watch the videos you need to be logged in to your account first.

The Ultimate Forex and Futures Training Course and Live Trading Room Pass Holders

1. Module 10 Trading Plan
2. Module 13 Action Plan for Trading
Professional Training Members

1. Gap Play Set Up
2. USDCAD 4 Hour 4 bar fractal
3. Live trading room review

Why Governments Love Inflation and You Should Love Gold

Why Governments Love Inflation and You Should Love Gold – Email header – if you wish!

This was the one of the blog headings from Money Week, Britain’s best selling financial magazine, last week. To read the article in full click here

Why gold? Why now?

· Gold has quadrupled in the last ten years; from $300 to $1200.

· Last week it passed the $1280 mark

· It has retained its value for more than 3600 years

· There is only so much of gold and is a billion dollar market

· Gold is still going up and will continue to do so as long as the global debt situation – a trillion dollar market, remains unabated.

Many individuals want to buy gold but don’t know where to buy it – the bank, online, a high street dealer? Or even how to buy it in a cost effective and simple manner.

Well a solution to that problem has been provided via a sixteen year old financial company with a turnover of more than 1 million € daily; specialising in refining and selling gold bullions in sizes of 0,5 and 1 gram.

What they offer:

· Miniature sized 999.9 fine gold bullion certified by the Swiss government in sizes of 0.5 and 1 gram for flexibility and mobility;

· Monthly purchase plans or one time purchases, making it cost effective and simply for the everyday person to acquire fine gold;

· Provides an alternative to saving in cash for one’s pension, children’s education or long-term goals;

· Regular audits of customer acquisition by PriceWaterhouseCooper & the Swiss government;

· Free storage of your gold at Sct. Gotthard Massif in Switzerland, which is where the Swiss government also store their national gold treasures;

· Free delivery to anywhere in Europe for purchases over 3000 €

· Preferential rate given for the lifetime of a contract for purchases starting with 3000 € plus.

· Competitive market prices to purchase Gold, as well as a buy back guarantee from the company

The company own their whole production line from mining to distribution, so costs are kept to a minimum and profit margins are high. They are expanding globally, with their focus currently on the UK & Ireland, the rest of Europe, Canada and USA. This is a company with vision and long term goals.

Easy Forex Trading 96 pips Profit

Hi Guys trading is picking up, We backed 92 pips today so if you was to trade what we teach and do you would have paid for you membership in 1 trade. Anyway less bragging here is what I did. Video will be posted soon in the members area.

AUD/USD hit 1st target for 28 pips stop moved to entry and closed, so total profit 28 pips.

EUR/GBP hit first target for 23 pips, second target for 46 pips and stop trailed up was closed for 23 pips profit, so total profit 92 pips.

Only 3 Days to Go,Go,Go!!

As we mentioned yesterday, we were asked about how long our prices will stay this low? Well if it was the housing market we would have just laughed and raised the price and keep on raising it till the they stopped asking if the price will be going up!

Fortunately we are a lot kinder than estate agents. That’s why we are letting you know that our prices are going up. We’ve had many questions as to why was our prices have been so, so, low?

Well it’s simple it was our new flag ship training program where we wanted to help the UK, the nation as a whole from wasting their money and making their money work for them. No small feat. The Veritas trading team created a challenge. How do we get people making money from FOREX without breaking their Bank.

Simple we offered low, low prices with a 7 day free trial. Those that signed up and which has been quite a few, in the last few months we’ve had over 500 enquires. The ones that took the next step followed our program and started making money! Why because it works and now we can boast about that to you guys just sitting on the fence!

Are you waiting for house prices to come back down so you can get the housing ladder? Did you buy too high and now you are waiting to just breakeven? Either way you know what its like to miss the boat?

So what are you missing?

Well you are missing out on how to trade the forex market and the index market and you are not making that 20-30% month.

We have done this trading live !! with our clients…

So how much is 20-30% ROI worth to you?

If you want it at our launch rates you have 3 days left to join our clients that are having success right now!!!

48 hrs. Left You still have time!

You have 48 hrs left to join us and start making your money work for you! We are raising our prices As we mentioned earlier. It’s all about buying low and selling high. Also we know what we have to offer you will change your life.

1. Pay bills before the end of the month before!

2. Work for only for a few minutes a day and get amazing results

3. Make money without being tied down to one location.

All you have to is:

* Make that investment in you and your family!

* Make a small investment that will put cash in the right place.

* spend a little bit of time learning how to make your money work for you!!!

I have a question and be honest to yourself! Are you wasting money on Debt? If you are Forex is a way of turning the tables on the system that steals your cash!!!

You have 48 hrs left before we raise our prices, so if you leave too late you will have to pay more to learn what we are doing. Nothing in life is free, if you want to learn how to trade with out investing in a good education you pay with it somewhere else!

So you have 48 hrs left to make a decision Sign up at 82.74 or at £105.60

Remember we have clients that signed up over 3 months ago and they have had INSTANT SUCCESS. We are You not doing the same?

Less than 24 hrs. To Get on Board

This is your last chance to get in a the start! After today Our prices are going up! They are going up because it’s been a huge success and it time for us to reward our earliest adopters

Here is what our clients have benefited from so far

Six Short Steps to Success

1. Course overview and familiarisation

2. Receive training modules

3. Download training videos

4. Set up a trading account

5. Install and configure trading software

6. Start trading!

Exclusive access and valuable support network

– Members-only VIP resource area

– Online traders’ discussion forum

– Expert analysis of Forex, FTSE100, German DAX, US Dow Jones

– 24-hour PC and mobile access – trade on the move!

– Exclusive multimedia library

– Weekly market update sent to your in-box which includes future market action

– Webinars, interviews and daily technical analysis

If you want to pay more than please sign up after midnight! If you have the Veritas Trading team’s Value For MONEY VFM thinking Locking in your membership at this price

Financial Education in the UK

We are somewhat astonished that the schools in our country do such a poor job in preparing our youth to handle even the simplest of financial tasks. When balancing a checkbook is considered a coup, we really must focus in on ways to elevate financial education and its relationship to life events. Students will be at a continual disadvantage until this problem is addressed; life has a nasty habit of pitching up financial surprises.

One specific recommendation is to teach students how the financial markets work in college and university. We recommend a mix of academic material with real-world experience. For example, what better way to learn the intricacies of foreign trade than to learn how to trade foreign currencies? The UK has centuries of trading history – why not let the younger generations take part first hand in this ongoing tradition. Mentoring programs would allow seasoned professionals to teach young people the knowledge and discipline needed to succeed in the trading world. Another innovative aid is the virtual trading room, where young “traders” simulate real-world deal-making in a completely safe environment. Imagine the enthusiasm unleashed by such a setup!

Unfortunately, UK also has a shortage of qualified teachers and curricula to make quick progress in financial education. Luckily, there are third-party learning programs that teach the fundamentals of trading and even set students up with trading accounts. With wise leadership, our schools in partnership with industry can correct this glaring deficiency in the UK education system.

The Pound Trades Lower Against the Dollar after the U.K. releases data on Industrial Production.

The Pound Trades Lower Against the Dollar after the U.K. releases data on Industrial Production.

With the United Kingdom reporting lower industrial production figures this week, the British Pound fell relative to the U.S. Dollar. The expectation among stakeholders had been that production would remain at least steady, but the drop was more significant than last month, and fell to -1.7%. Even so, with turmoil still racking the EU, the Pound rose against the Euro. Not so versus the Japanese Yen, where the Pound lost 0.91%.

Friday’s low, the pair was likely to find support at 1.6232, and resistance at 1.6473, for Tuesday.

The Euro Continues to Tumble trading at 1.4348, down 1.11% after the U.S. released its data on the Federal Budget Balance.

The economic situation in Greece still haunts the Euro. Speculation between the European Central Bank and Germany, the zone’s largest economy, about how private banks should participate in a second round bail-out leaves analysts in doubt about how a final agreement will be reached, and when. The predictable result of uncertainty in the markets is normally a loss of value to the currency and this is no exception. The Euro lost 1.11% versus the U.S. Dollar.

Friday’s low, the pair was likely to find support at 1.4323, and resistance at 1.4696, for Tuesday.

The U.S. Dollar Continues to Trade Higher Against the Swiss Franc. The pair traded at 0.8361, up 0.01%.

Although data reported by U.S. didn’t have much effect on investors, the U.S. Dollar still traded higher against the Swiss Franc. It appears that there is more interest in expected comments from the Chairman of the U.S. Federal Reserve than official government data. Reports from the Swiss economy showed inflation inching up for the month of May, giving some pause to the possibility of an increase in rates. At the same time, continued poor results from the U.S. will undoubtedly result in downward pressure on the Dollar.

Tuesday’s low, the pair was likely to find support at 0.8328 with the key resistance at 0.8391, for Friday.

The USD/Yen Pair Closes with Losses trading at 80.36, up 0.001%, as of Friday.

The Japanese Yen rose against the U.S. Dollar as reports from the U.S. show a continuing lag in growth of that economy. Even though U.S. agencies and official statements professed an expectation of more robust growth in the second half of the year, investors remain reticent about the short-term future of the U.S. recovery, and thus, the future of global economic growth, as well. The Japanese economy, facing massive demands for recovery of the devastating losses suffered due to the recent earthquake there oddly enjoys a safe haven status as investors sense a need for repatriation of Yen to finance reconstruction. Thus, the Dollar, while gaining against most of its competing currencies, did not do so versus the Yen.

Across The Board Highlights

The Pound Gains Against the Dollar

The dollar was weaker against the pound this week, trading at 1.636 on Friday. This was occasioned by official government reports in the U.S. showing continuing employment weakness in the country and unemployment rising a tenth of a point to 9.1%. The expectation of analysts this week had been that unemployment would remain the same as in the last report, at an even 9.0%. What was made clear by this data is that the economic recovery in the U.S. is moving less strongly than its already weak pace and that economic policy will remain unchanged for the foreseeable future. Expect interest rates in the U.S. to remain low for some time to come.

The Euro Has a Good Week and Comes Out on Top

Moody’s Investor Services downgraded its bond ratings for Greece once again and the result was a loss by the Euro against other major currencies. This flowed against a recent trend in which the Euro was able to hold its own, even in light of poor economic data. However, most of Europe was on holiday yesterday and the lack of economic activity moved investors toward safer haven currencies. Although relatively poor reports from other large economies have influenced investors, as well. The Moody’s report seemed to tip the scales. Expect support for the pair below 1.458.

The Dollar Weakens Against the Swiss Franc

The dollar, after holding its own for a couple of weeks, lost its momentum in the face of poor fundamental economic data out of the U.S. In comparison, reports show the Swiss economy gaining strength, and the country’s currency gained considerable strength with it. From the standpoint of relative currencies, the poor data from the U.S. can only mean continuing loose fiscal policy by the Federal Reserve and low interest rates remaining the norm there. With data in many sectors of the U.S. economy including housing, manufacturing, public confidence and employment all working toward whispers from some quarters of the possibility of a double-dip recession, the dollar could not hold its position and slipped accordingly.

The Dollar Drops vs the Yen After US Non-Farm Payrolls Lose Ground

In spite of the natural disasters inflicted upon Japan recently, the Japanese yen showed strength this week versus the dollar. The currency fluctuated during the week, but this seemed largely the result of a week-long holiday on the island, and with interest rates remaining low there, investors look toward an economic recovery from the recently reported contraction of the Japanese economy. Reports of weakness in the U.S. economy gave the yen yet another boost, and probably was the biggest driver of the pair. Expect support for the pair between 80.0 and 82.0.

Improve yourself

Gains continue for the USD and GBP The pair was trading at 1.6328 down by 0.14%.

In March, consumer reports indicated a rise in consumer confidence easing investor concerns continuing onto April’s numbers. However, the overall numbers for the British Pound were lower against the U.S. Dollar. For the future, the temperament for sterling is positive, if the U.S. maintains strong growth figures fueling gains for the pound.

Tuesday’s low, the pair was likely to find support at 1.6228, and resistance at 1.6426, for Friday.

The Euro’s Numbers Tumble Against the Dollar at 1.4430, down 0.40% against the U.S. Dollar as of Friday.

The rating agency Standard and Poor’s downgraded the debt owed by Portugal for the second time causing the Euro to fall hard against the dollar. In addition, after fears that Greece would need additional bailout funds, the country’s debt was also downgraded. The outlook is looking positive, as it is probable for both the dollar and Euro to prove a steady growth potential and possibly assisting the USD to hit some higher numbers close out the weekend.

Thursday’s low, the pair was likely to find support at 1.4430, and resistance at 1.4520, for Friday.

Buying Pressure Continues for the Swiss Franc. The pair traded at 0.8391.

Signs of global recovery are in effect as the US showed a gain in retail sales, for the ninth consecutive time. In addition, gains in industrial production in Europe show positive signs for investors easing some pressures off the Franc. Despite the gains in the dollar, the overall numbers are still indicating weakness. Switzerland’s inflation numbers are also steady – another positive indicator of economic recovery.

Thursday’s low, the pair was likely to find support at 0.8895 with the key resistance at 0.8990, for Friday.

USD/JPY Showing Signs of Recovery despite trading at 83.09, down 0.49%, as of Friday.

The Japanese Yen was trading higher against the U.S. Dollar on Friday. Despite the lower dollar numbers, the US economy is beginning to recover. As the improved numbers for unemployment and economic growth trickle in, investors are starting to take notice. As these numbers improve, the outlook for the dollar is to rise above the yen for 2011. Japan is slowly recovering despite the raise of the crisis level of the Fukushima Daiichi nuclear power plant to seven – the same level as the Chernobyl disaster. The news caused some risk aversion but the yen is maintaining a presence. In addition, the downgrading of its credit rating caused a rise in the dollar as massive sell-offs spawned a massive sell-off in the yen.

Thursday’s low, the pair was likely to find support at 82.96 with the key resistance at 85.14, for Friday.

What a funny week indeed it was

What a funny week indeed it was. I’ve just recovered from the flu and then having to deal with a little issue with our emails our server having a few issues it’s been an eventful. I decided to go to the Traders’ Expo to take a quick look around and attend a few meetings. I did not tend to stick around too long on Saturday and the weather and the Park was calling me, As soon as I walked into onto the 2nd floor I bumped into an old Trader buddy of mine that was speaking at the event ( Not seen them for about 2 years or so and it’s amazing how time races by. We got talking about trading and a few things about setups and how everything was going then I ended up talking to a new trader that was getting to grips with forex. The topic quickly turned over to how many trades do you take a month the number I got back from the budding trader was over 40 now that is a lot but I remember when I started trading I was trading over 70 trades/month now it’s only a couple a week.

That’s a big progression when I look back so I decided to that today I will give you an extract from our Training manual about over trading. It’s really simple after you’ve gained the experience.

Extracts
“Overtrading is a simple thing to say. I think you are trading too much. But when
You’re making winning trades, overtrading is not a problem. It’s when you are
making losses that overtrading can be easily measured. When I first started
trading, I was trading over 100 trades per month.
That’s right, 100 trades per
month. Yet when I was making huge profits, it was not a problem. When your
bottom line is in profit, who cares? When you are not making huge profits,
overtrading becomes a big, big problem and creates a massive feedback loop into
your confidence or lack of it…”

Also we got a wonderful testimonial from one of our guys in New Zealand and it gave the whole a team a great lift that our client has done so well.

Stronger Growth Than Expected Helps US-Dollar against Euro and Swiss Franc

 

Non Farm Payrolls Cause the Pound to Trade Higher on Friday against the U.S. Dollar. The week closed out with the pound at 1.6111 up by 0.52%. Friday morning began with the GBP lower because of a poor manufacturing report. However, the pound got a break at 1.6045 and hit its target later in the day. The non-farm payrolls were higher than anticipated for the U.S. from 194.00K to 216.00K. It was predicted by analysts that the payrolls would only rise to 188.00K.

Monday’s low, the pair was likely to find support at 1.5938, and resistance at 1.6151, for Friday.

Stronger Growth Than Expected Helps US-Dollar against Euro and Swiss Franc

Non-Farm Payrolls Provide a Solid Base for the Dollar to trade higher against the Euro. The Euro traded at 1.4239, up 0.56% against the U.S. Dollar as of Friday. Throughout the week, the Euro held its position above 1.4000 but dipped after the U.S. non-farm payroll report. The report was above expectations dropping from 8.9% to 8.8% from last month. Also, the manufacturing report showed the market strengthening greater than it has in the last seven years. In addition, U.S. employment is predicted to rise another 190K in March. The continuing progress in the labor market could generate an increase for the U.S. dollar as it continues to recover.

Monday’s low, the pair was likely to find support at 1.4245, and resistance at 1.4036, for Friday.

U.S. Dollar Traded Higher Against the Swiss Franc on Friday. The pair traded at 0.9208, up 0.20% hitting a peak at 0.9276. For the long-term, it is predicted that the pair will see an upward trend in the next few days and resistance around the 0.92-0.93 area. Because of this, more buying is a possibility

Thursday’s low, the pair was likely to find support at 0.9127 with the key resistance at 0.9275, for Friday.

Nuclear Crisis Still Dictates US/Yen Trading

The USD/YEN Pair Continue to Hold Their Own trading at 83.73, as of Friday. This improved number rests on a healthier U.S. economy despite the Fukushima nuclear crisis. Overall, the Japanese Yen has weakened by the earthquake and Tsunami and has traded lower against the dollar since March 16th. In the following week, the BOJ will hold a meeting to address interest rates and further recovery efforts. However, it is not expected that Japan will specifically address any long-term monetary obligations. Since the Japanese has given 33 trillion for recovery efforts which is expected to decrease the YEN in coming weeks. In general, it is speculated that the BOJ will make its best effort to guarantee cash remains to be there for businesses and production continues.

Despite the pair’s improved numbers, the Yen is dropping overall. This is largely due to weekly losses and investors risk taking worries. The pair peaked at 84.71, but fell back below the 84 mark to 84.20/25 by Friday.