Yen to Crawl Up to 79.00

Yen has moved up to grab 79 points ahead of the opening session of Tokyo, maintaining a slim gain of the signal, and stay on EMA-55, was last seen at 78.90.

Valeria Bednarik noted a range of support at 78.80, 78.50 and 78.30, while the range of resistance at 79.10, 79.40 and 79.75. She commented that the movement of graphics per 4 hours, is also bullish technical signals with several indicators that are in the positive zone and above the MA movement, supporting the continued upward movement towards the 80 for the next few sessions.

Negative Outlook for Aussie - Bednarik

AUD / USD fell to a low 2 weeks from 1.0455 late Wednesday, found support in the EMA-21 before rebounding to 1.0516 before closing movement of the figure was virtually unchanged at 1.0506; flexible comments from Chinese Premier Wen Jiabao on monetary policy also supports the Aussie.

Valeria Bednarik, FXstreet.com Chief Analyst said that if the AUD / USD managed to move up, reinforcement can lead to 1.0535. However, according to Ms. Bednarik that the 4 hour chart, the technical outlook remains bearish with the mobile indicator price fell below the middle and SMA-20 limit the upward movement above the current price: if the price falls back below the 1.0480 figure, the price will probably fall back to 1.0435 low this month.

Forex Trading Glossary of Terms

Pips

Pip is the smallest increase of the currency. Pips is an acronym for Percentage in Points or 4 digits behind the comma (colon in nominal U.S.), while Pippette is 5 digits behind the comma (colon in nominal U.S.). Examples are as follows:

* 1.3856 (4 digits behind the dot called the Pips)

* 1.36778 (5 digits behind the dot called Pippette)

Lot

Lot is the standard measure of per transaction, usually 100,000 units of base currency for a standard account, 10,000 units for a mini account and 1,000 units for micro account. The point is that the number of lots is a measure of the size of the transaction on the forex.

Forex broker

Forex broker is a party who can be a company, institution, agency, or individual in which he stood to reconcile between the seller and buyer.

Spread

Spread is the difference between the selling price (bids) and the buy (ask) or quotes buy and sell quotes. Spread is the income earned by the broker at which time we sell, the broker automatically buy and vice versa. So if the trader make a profit, then the broker loss and vice versa. The broker usually gives off a different spread.

Leverage

Leverage allows a trader to use a much larger funds than funds available. For example, leverage, ie 1:1 s / d 1:1000, 1:1000 means a trader with leverage seems to have 1000 times the strength of the deposit that had been deposited, or supposing a loan broker as much as 1000 times the value of deposit that had been deposited by the trader. If the trader deposit $ 1,000, with a 1:1000 leverage means that we seemed to have 1 Million USD, but this leverage also affects the level of margin.

Initial Margin and Margin

Initial Margin is the amount of money to be deposited by a trader for trading purposes. Margin is the amount of deposit required to hold the position in the transaction. For example, a minimum margin of 1% means to maintain a sufficient transaction of $ 100,000 with a capital of $ 1,000.