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Forexpros.com Daily Analysis - 14/09/2010

ForexPros Daily Analysis September 14, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 14, 2010 at 6:27am — No Comments

This Week's Exotic: USD/SGD

Singapore Dollar strength broke 2008 support level zone 1.3450 at the beginning of this month, and apparently isn't yet close to give back its advance to these all-time highs.

If we apply a pitchfork to the monthly chart, along with a fibonacci retracement of the last swing high, we can see that the median pitchfork roughly… Continue

Added by Caroline Carlin on September 14, 2010 at 1:00am — No Comments

Is Time really on your side?

As a Forex trader, you have an ample choice of conventions that involve both price and time progressions across the charts. Choosing the best trading timeframe can be quite confusing, especially when you try to spot the trend that will fit in with your particular strategy.

First of all you should define which one of them is the best time frame for YOU (the one that matches more precisely your own inner rhythm and pace). If you're basically a scalper… Continue

Added by Caroline Carlin on September 13, 2010 at 11:30pm — No Comments

All Wrapped-up or Naked Charts?

One of the most recurring questions that I get either from new or intermediate traders is related to the expected accuracy of this or that technical indicator. Almost every trading system seems to be based on one or more of these instruments of measure, which will show different relationships between general market behavior, time and price itself.

At a certain point of their own learning curve, I believe each and every trader has been through the dilemma of finally finding the "best"… Continue

Added by Caroline Carlin on September 13, 2010 at 7:30pm — No Comments

Daily Analisis on the AUD/USD

The Aussie has been on an upward trend since the beginning of June (2010). However, a retracement could occur if it encounters difficulties closing above major resistance level of 0.9405. Assuming it bounces back down off of this level, a retracement back to 0.9230 possibly near 0.9100 is expected within the next coming weeks considering the pair does not close above major psychological resistance level around 0.9400.…

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Added by JDfn Administrator on September 13, 2010 at 5:07pm — No Comments

Forex4you Wave Analysis 13/09/10

EUR/USD: Technical Analysis

This pair remains range bound and will probably continue so for some time. The strong rally today is probably a correction of the move down from the 6th September, of which it has retraced the standard 61.8% so there is a chance of an imminent roll-over occurring. Although a small continuation to the 50 Day MA at 1.2855 is also possible. When the next leg down starts it may reach 1.2735 initially and then perhaps… Continue

Added by Forex4you on September 13, 2010 at 8:20am — No Comments

Forexpros.com Daily Analysis - 13/09/2010

ForexPros Daily Analysis September 13, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 13, 2010 at 6:43am — No Comments

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HI....

Added by ARUN on September 11, 2010 at 3:09am — No Comments

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See what all the fuss is about. Forex AI software continues to amaze traders, with its ease of use and robust trading strategies. If you are currently trading the Forex or you have been thinking

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Added by JDfn Administrator on September 9, 2010 at 12:00pm — No Comments

Forexpros.com Daily Analysis - 09/09/2010

ForexPros Daily Analysis September 09, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 9, 2010 at 7:36am — No Comments

Forex4you Wave Analysis 08/09/10

EURUSD: the risk of a downfall is still there

The pair was descending to the mentioned support level on Tuesday as a result of unexpectedly poor manufacturing orders data from Germany – the orders suddenly decreased in July. Moreover, the situation is worsened by the messages from bond fund, which says that Greece is expected to be unable to rid itself of debts in 3 years avoiding restructuring

As the price has obviously fixed below 55… Continue

Added by Forex4you on September 8, 2010 at 8:12am — No Comments

Forexpros.com Daily Analysis - 08/09/2010

ForexPros Daily Analysis September 08, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 8, 2010 at 6:28am — No Comments

Forexpros.com Daily Analysis - 07/09/2010

ForexPros Daily Analysis September 07, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 7, 2010 at 7:34am — No Comments

Forexpros.com Daily Analysis - 06/09/2010

ForexPros Daily Analysis September 06, 2010

Free webinar on ForexPros - How to Get Direction Right by Looking for Clues in Forex Price Action

Expert: Kris Matthews

When: Thu, Sep 16, 2010, 07:00 ET

Unfortunately many traders fall into the trap of following technical analysis systems without understanding what charts are… Continue

Added by forexpros on September 6, 2010 at 8:11am — No Comments

Nonfarm data influenced positively and the currency was overbought - Wave Analysis 06/09/10

Friday’s data on the US labor market turned out to be above expected. Instead of expected decrease by 100 thousand working positions, the US economy lost only 54 thousand in August. The data for July was also revised from 131 thousand to 54.These positively neutral data triggered some risk-appetite in the market and initiated the EUR/USD growth to the expected level 1.2900. Today there’s no significant statistics coming out on the US and European economy, so Monday’s and Tuesday’s trading… Continue

Added by Forex4you on September 6, 2010 at 7:25am — No Comments

Forexpros.com Daily Analysis - 02/09/2010

ForexPros Daily Analysis September 02, 2010

Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction

Expert: Kris Matthews

When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of… Continue

Added by forexpros on September 2, 2010 at 6:46am — No Comments

Forexpros.com Daily Analysis - 01/09/2010

ForexPros Daily Analysis September 01, 2010

Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction

Expert: Kris Matthews

When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of… Continue

Added by forexpros on September 1, 2010 at 6:39am — No Comments

Forex4you Technical Analysis 31/08/10

EUR/USD: Technical Analysis

Prices sank lower yesterday but there was a sharp bullish push on the hourly chart this morning. This may signal the next wave up, which is probably the C wave of a zig-zag pattern which is correcting the 5-wave move down from the Aug 6th highs.

C could end at significant resistance highs at 1.2920 and this is also the terminus of the wave 4 of lesser degree –a common endpoint for corrections. A more… Continue

Added by Forex4you on August 31, 2010 at 7:56am — No Comments

Forexpros.com Daily Analysis - 31/08/2010

ForexPros Daily Analysis August 31, 2010

Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction

Expert: Chriss Hall

When: Thu, Sep 2, 2010, 07:00 ET

In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic… Continue

Added by forexpros on August 31, 2010 at 7:28am — No Comments

Forex4you Technical Analysis 30/08/10

EUR/USD: Technical Analysis

As long as the 1.2674 lows hold then prices should continue higher reaching 1.2920 eventually, if not 1.2950. At that level they will encounter a cluster of resistance from the 50% Fibonacci retracement, the broken trend-line of the move up from the June lows and they will probably reverse and resume their downtrend.…