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Forexpros.com Daily Analysis - 29/09/2010

ForexPros Daily Analysis September 29, 2010

Free webinar on ForexPros - Top 12 Golden Trading Tips: Start Your Day on the Right Side of the Market

Expert: Stephanie Radkay

When: Mon, Thu, Oct 7, 2010, 11:00 ET

Trading can be as risky as flying a plane. Pilots use a checklist to get off the ground and so should traders. Here… Continue

Added by forexpros on September 29, 2010 at 6:28am — No Comments

Forex4you Technical Analysis 28/09/10

EUR/USD: Technical Analysis

The pair has been residing in a narrow sideways range during the last session, but it still made an attempt for a growth, testing resistance level 1.3500/05. We currently observe the same attempt – having corrected to support 1.3380/85, the trading went back upwards and is now being carried on at level 1.3490/95. Nevertheless, MACD keeps forming divergence and indicators are rather reluctant to show an upward movement.… Continue

Added by Forex4you on September 28, 2010 at 7:53am — No Comments

Forexpros Daily Analysis - 28/09/2010

ForexPros Daily Analysis September 28, 2010

Euro Dollar

The Euro jumped to a new 5-month high yesterday at 1.3503, only 6 pips below the important 50% Fibonacci level for the medium term. This accurate reversal at a Fibonacci level leaves the Euro vulnerable, it could drop… Continue

Added by forexpros on September 28, 2010 at 6:00am — No Comments

Supports and Resistances Part 3b: European and London Session (continuation)

Here are the data for EURGBP, USDCHF and GBPCHF, under the same premises as all previous posts.

Forex AI Trading Platform allows you to retrieve not… Continue

Added by Caroline Carlin on September 27, 2010 at 6:36am — No Comments

Forexpros Daily Analysis - 27/09/2010

ForexPros Daily Analysis September 27, 2010

Euro Dollar

The Euro topped at a 5-month high on Friday, hitting a high of 1.3497, just pips before the important Fibonacci level for the medium term. Last week, we had analyzed the medium-long term, and after doing all the… Continue

Added by forexpros on September 27, 2010 at 5:30am — No Comments

Supports and Resistances of Today in 11 Major currency pairs – Part 3a – European and London Session: EUR, GBP and CHF

We finally follow-up with the European Session. In this opportunity we will be watching the pairs EURUSD, GBPUSD and EURCHF. Next part 3b will contain EURGBP, USDCHF and GBPCHF data.… Continue

Added by Caroline Carlin on September 27, 2010 at 4:00am — No Comments

Supports and Resistances of Today in 11 Major currency pairs - Part 2 – Aussie and Loonie

We follow up with the Australian and Canadian currencies, related to the greenback.

On AUDUSD and USDCAD we have the following levels of support and resistance, according to…

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Added by Caroline Carlin on September 27, 2010 at 12:52am — No Comments

Supports and Resistances of Today in 11 Major currency pairs - Part 1 - Asian Session (JPY)

The following is a series of support and resistance values for 11 Major currency pairs, calculated according to the Forex AI integrated Trading Platform, at 00:00 GMT, including a forecast of the best risk/reward ratio market direction for each time frame under study, and the immediately previous significant candlestick patterns that could enhance or hinder this… Continue

Added by Caroline Carlin on September 26, 2010 at 10:00pm — No Comments

First Step-Using your dreams and goals to create wealth Part 2

To take your first step and set your mind on the course to financial success, you must begin to dream. You must begin to envision the kind of life you desire. For some of you, this will be easy, because you have dreamed all your life. For others, it will be more difficult. Why? Some people simply don’t know how to dream—they’ve never tapped into their imagination deeply enough to let their thoughts run free.

Other people, deep down, don’t believe that they deserve wealth or success.… Continue

Added by James Dicks on September 26, 2010 at 9:04pm — No Comments

Using your dreams and goals to create wealth Part 1

I always wanted to be millionaire. I clearly didn’t inherit this desire, because my parents weren’t rich. My father seemed to work as hard as anyone trying to create lasting wealth as an entrepreneur and I guess by the time he retired he had created a nice little nest egg, but that was his retirement and probably not much more than someone retiring from a big company.

For me, I always wanted freedom. I saw that the lack of money bothered my father.

He felt trapped in a business… Continue

Added by James Dicks on September 24, 2010 at 10:11am — No Comments

Forex4you Technical Analysis 24/09/10

EUR/USD: Technical Analysis

A pullback downwards finished at level 1.3280, so the “bears” didn’t make it to level 1.3260, mentioned yesterday. The price received support and returned to growth. It currently resides at 1.3380/90, close to the upper bound of consolidation range. Indicators are reluctant in showing attempts for reversal upwards, which makes a raise to the new local maximums rather questionable. Nevertheless, if the trading fixes… Continue

Added by Forex4you on September 24, 2010 at 8:21am — No Comments

Is NZD/CAD losing steam?

Weekly charts show that we still might be on a rising journey for this pair; however, the repeated rejection of psychological level 0.7600 indicates that buyers might be now considering banking their profits and leaving the floor to the bears.

The present rising triangle would suggest a further break to try probing the next round number at 0.7700 and follow on to retest last highs at 0.8000.…

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Added by Caroline Carlin on September 24, 2010 at 5:09am — No Comments

AUDUSD Pulse for tonight: Undecided, stalling around 0.9500

Australian Dollar has been strongly whipsawing in the last hour. Having already broken the previous rising trend line on 5m charts, after reaching Level 2 resistance, it fell sharply right through the pivot down to first support and is now trying again to break psychological level 0.9500 after a violent rejection. Short-term views would favor a further break down to Level 2 Support.

I would advise to wait until a more definite direction is given along with a… Continue

Added by Caroline Carlin on September 24, 2010 at 1:34am — No Comments

Forexpros Daily Analysis - 23/09/2010

ForexPros Daily Analysis September 23, 2010

Free webinar on ForexPros - Top 12 Golden Trading Tips: Start Your Day on the Right Side of the Market

Expert: Stephanie Radkay

When: Mon, Sep 27, 2010, 11:00 GMT

Trading can be as risky as flying a plane. Pilots use a checklist to get off the ground and so should traders. Here is…

Continue

Added by forexpros on September 23, 2010 at 8:00am — No Comments

Forex4you Technical Analysis 23/09/10

EUR/USD: Technical Analysis

Resistance level 1.3390/1.3400 didn’t let the “bulls” continue their growth, so we currently observe a pullback downwards with the price at 1.3340/50. Assumptions about possible consolidation around levels 1.3390 – 1.3250/60, mentioned in the previous comment, seem to be correct. Indicators show a possible reverse downwards, which gives even more grounds for such scenario, so that correction, that we currently observe,… Continue

Added by Forex4you on September 23, 2010 at 7:55am — No Comments

Understanding Support/Resistance Levels

Support and resistance levels are very important in trading. These are levels where we look for price containment. There are both minor and major support and resistance levels and

deciphering between the two can help a trader maximize profits and minimize

losses. The basic definition of support is the price or area where we look for a

pair that is moving down to find some ground. Resistance is the price or area

where we…

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Added by JDfn Administrator on September 22, 2010 at 3:16pm — No Comments

Today’s Market Overview: AUD/USD

Here are my projections for today in regard to the Aussie, over-viewed just after the London markets open. We can see that in 15 minute charts, and after a bullish breakout of the resistance that had formed a consolidation since last Monday in the range 0.9426-0.9492, pushing finally through the psychological level 0.9500, this currency pair registered a considerable upward… Continue

Added by Caroline Carlin on September 22, 2010 at 6:30am — No Comments

Forexpros Daily Analysis - 22/09/2010

ForexPros Daily Analysis September 22, 2010

Euro Dollar

The Euro broke the resistance specified in yesterday’s reports 1.3118, after two days of trying, and successfully reached both targets 1.3194 & 1.3306 with accuracy as well (the high at the moment of preparing this report is 5 pips above our 2nd… Continue

Added by forexpros on September 22, 2010 at 6:00am — No Comments

Learn to use Fibonacci Pivots

Pivot points can be used in two ways: to spot the main trend of the currency pair or use them to enter and exit the market. To identify the direction, if the price level of the pivot point is broken in an ascending move, the market is bullish and if it breaks below it is bearish. Generally, if prices hold above the pivot point it can be said that the market will be up-trending and when they can’t cross above they will be down-trending. However, keep in mind that pivots are short term trend… Continue

Added by Caroline Carlin on September 21, 2010 at 4:20pm — No Comments