by John Jagerson

REVIEW: 21 August 2008

Support continues to be in play on the commodity currencies. In fact, if commodity prices stay on track this week, this could be the strongest week for price growth in 33 years. How can you get more bullish than that? For now commodity currencies still look like a buy.

Positive retail sales in the UK probably assisted a bit with the rally in the GBP/USD today but the economic calendar was relatively quite otherwise....

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by S. Wade Hansen

Many forex investors are uncomfortable trying to identify support and resistance levels on their own. They find themselves saying, "Well, support could be right here. On the other hand, it might be right here. Then again, it could be right here." [Pointing to different price levels each time] If you are someone who doesn't feel comfortable identifying support and resistance, or if you are someone who just doesn't like using arbitrary support and resistance...

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