All posts by Kelemen Szabolcs

USD/JPY near term forecasts for CY2011

The USD/JPY currency pair, second only to the EUR/USD pair in trading volume, has been on a lengthy strengthening move over that past eighteen months, despite national disasters to the contrary. Known favorably as a base currency for the popular “carry trade2 amongst forex traders, The Yen has moved into a position of steady strength while its economy has been plagued with low growth for nearly two decades.

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GBP/USD near term forecasts for CY2011

The GBP/USD currency pair has correlated almost exactly with the trending behavior of its rival, the “EUR/USD”, over the past twelve months. Although the United Kingdom is independent from Europe, its banks still have many European bond securities on their respective balance sheets and export trade relationships are also entwined enough to provide additional linkage in the Pound’s tendencies versus the Euro. Favorable economic data has buoyed the Pound of late, and data releases to come may reinforce the current positive moves.

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AUD/USD near term forecasts for CY2011

The AUD/USD currency pair continues to astound the most avid observers of historical exchange rates in the world of forex. One must go back thirty years to find rates comparable to today’s market valuations, and since the year 2000, the Aussie Dollar has more than doubled in value to reach today’s rate. Often viewed as a barometer of global growth, it closely correlates with the demand for commodities and has appreciated greatly due the success of emerging markets in Asia.

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EUR/USD near term forecasts for CY2011

The EUR/USD currency pair has been on a rollercoaster ride over the past year, buffeted by the hope that Western economies would somehow find the right formula for dealing with their respective debt loads and deficits while producing domestic growth worthy of recognition. Emerging markets have dominated the positive side of economic statistics for far too long, but the largest traded pair in the forex markets continues to reign supreme, as the combined strength of the United States and Europe economies still dwarfs all contenders.

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Better support for Indian stocks

Since we have a lot of Indian visitors we decided to provide better support for Indian stock market with better market data. This means that Chartoasis.com’s free technical analysis software can be used now with data downloaded from NSEIndia.com. If you want to know how to download market data from NSEIndia.com visit our download guide for how to download market data from NSEIndia.com. For more details on why NSEIndia.com’s data is better visit Chartoasis.com’s blog entry about market data of Indian markets.

Candlesticks’ colors

The appearance of candlesticks and volume has been modified.

Candlesticks are red if closing price is less than the closing price in the previous period, and green if the price closes higher than in the previous period. The body of the candlestick is empty if the price closes higher than the opening price of the same period and the candlestick’s body is filled if the given period’s closing price is less than the opening price of the same period.

The bars in the volume chart are green if the price closes higher than the closing price in previous period, and red if it closes below the previous period’s closing price, just like the candlesticks.

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