ForexPros Daily Analysis August 30, 2010
Free webinar on ForexPros - Trading the Harmonic Patterns LIVE
Expert: Chriss Hall
When: Thu, Aug 30, 2010, 08:00 ET
Chris will also be taking a live look at the markets where he will identify trades with you, help you setup your plan surrounding the harmonic patterns and execute any… Continue
Added by forexpros on August 30, 2010 at 6:26am —
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EUR/GBP: Technical AnalysisThis pair may be in the process of tracing out an intermediate Elliot flat pattern. We are probably nearing the end of minor wave B which began on the 20th July. Initially there may be some more downside as B ends but once it has completed, wave C up should last several weeks and reach the 0.8450s possibly even 0.85s. An initial target might be resistance at 0.8340. With volatility readings reaching low extremes on ATR…
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Added by Forex4you on August 27, 2010 at 7:43am —
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EUR/USD: Technical AnalysisThis pair is probably close to completing the recent correction and resuming is descent. It is possible that over the next day it will drop back down to either 1.2620, or the 1.2580 lows, possibly even as far as 1.2550 as minuette wave 5 unfolds. This last wave should complete the whole minor degree move down from the 6th August highs. It is probable the following correction of that whole move will reach at least…
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Added by Forex4you on August 26, 2010 at 7:30am —
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ForexPros Daily Analysis August 26, 2010
Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market
Expert: Kris Matthews
When: Thu, Aug 26, 2010, 07:00 ET
In Part 2 of a four part series on trading sentiment, Kris Matthews reveals
how to rank currencies individually from… Continue
Added by forexpros on August 26, 2010 at 6:42am —
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ForexPros Daily Analysis August 25, 2010
Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market
Expert: Kris Matthews
When: Thu, Aug 26, 2010, 07:00 ET
In Part 2 of a four part series on trading sentiment, Kris Matthews reveals
how to rank currencies individually from… Continue
Added by forexpros on August 25, 2010 at 8:22am —
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EUR/USD: Technical AnalysisPullback upwards, suggested by MASD divergence, is about to start, like it had been assumed yesterday. After support 1.2620 breakout, the price met level 1.2580/85, but didn’t make it to the target 1.2540, and resumed its upward movement. The trading is now carried on at 1.2690/1.2700. Indicators are more and more turned to R% growth, but SS remains oversold, smoothing over expectations concerning a possible price…
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Added by Forex4you on August 25, 2010 at 7:42am —
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ForexPros Daily Analysis August 24, 2010
Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market
Expert: Kris Matthews
When: Thu, Aug 26, 2010, 07:00 ET
In Part 2 of a four part series on trading sentiment, Kris Matthews reveals
how to rank currencies individually from… Continue
Added by forexpros on August 24, 2010 at 8:09am —
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EUR/USD: Technical AnalysisThe pair is descending, like it had been mentioned in the previous commentary, the price tested the first support 1.2620 and is now making attempts to breach it. Indicators’ readings are saying in favor of such turn of events, and level 1.2540 is going to be the next barrier on the way downwards and will probably be tested in the nearest time. At the same time, we also have to pay attention to MACD divergence, which is…
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Added by Forex4you on August 24, 2010 at 6:48am —
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EUR/USD: Technical AnalysisSupport 1.2730 was breached and the price fixed below, which can be considered as an evidence for the “bearish” scenario to start. Having tested levels 1.2680/90, the trading is currently carried on at 1.2700/10. Indicators are more inclined to a “bearish trend”, making a further downward movement a high-possibility. Supports 1.2620/30 and 1.2540 are likely to be tested soon. A rise and fixation above 1.2820 are seen…
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Added by Forex4you on August 23, 2010 at 7:55am —
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ForexPros Daily Analysis August 23, 2010
Free webinar on ForexPros - Trend. How to spot it and how to trade it.
Support and resistance levels
Expert: Stoyan Mihaylov
When: Today, Aug 23, 2010, 11:00 GMT
It is a common belief, that "The trend is your friend". In order to profit
from the trend you have to be able to spot… Continue
Added by forexpros on August 23, 2010 at 6:13am —
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EUR/USD: Technical AnalysisA reversal in the pair doesn’t suggest any significant changes on today’s session either. Sideways rage consolidation is likely to continue. We can only expect levels 1.2870/90 and 1.2730/20 testing for strength, which are currently define the range. Previous comments are in force – a rise above 1.2870 and level 1.3010/20 testing are not enough to change the market moods. It will only be a possibility if the price…
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Added by Forex4you on August 20, 2010 at 7:42am —
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ForexPros Daily Analysis August 19, 2010
Free webinar on ForexPros - Trend. How to spot it and how to trade it.
Support and resistance levels
Expert: Stoyan Mihaylov
When: Mon, Aug 23, 2010, 11:00 GMT
It is a common belief, that "The trend is your friend". In order to profit
from the trend you have to be able to spot… Continue
Added by forexpros on August 19, 2010 at 7:27am —
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EUR/USD: Technical AnalysisThe trading is carried on in the range 1.2870/60 - 1.2730/10 and attempts to go beyond this range are not successful at the moment. The trading is currently making a new attempt to fix above 1.2870 and is carried on at 1.2880/85. Indicators show growth, so the price has chances to make it. If it happens, level 1.3010/20 will be tested, but again, as mentioned in the previous comment, we shouldn’t expect any change of…
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Added by Forex4you on August 18, 2010 at 8:16am —
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ForexPros Daily Analysis August 18, 2010
Free webinar on ForexPros - Trend. How to spot it and how to trade it.
Support and resistance levels
Expert: Stoyan Mihaylov
When: Mon, Aug 23, 2010, 11:00 GMT
It is a common belief, that "The trend is your friend". In order to profit
from the trend you have to be able to spot… Continue
Added by forexpros on August 18, 2010 at 7:47am —
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EUR/USD: Technical AnalysisThe pair remained in the range, limited by levels 1.2870/60 and 1.2730/10, as it had been mentioned earlier, but having breached this resistance it's now making attempts to fix above. Indicators show growth, so we can assume that these attempts will be successful. Nevertheless, even if it happens, the mood change is not likely to happen until the trading raises above resistance 1.3070-1.3110. A reversal to an uptrend…
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Added by Forex4you on August 17, 2010 at 8:16am —
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ForexPros Daily Analysis August 17, 2010
Free webinar on ForexPros - Let's do some simple Trend Trading
Expert: Kellie Durazo
When: Today, Aug 17, 2010, 10:00 EST
Why spend hours analyzing charts when you can learn a few simple trading
strategies that are effective and easy to learn. During this webinar, Kellie
Durazo… Continue
Added by forexpros on August 17, 2010 at 7:09am —
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EUR/USD: Technical AnalysisThe euro’s recent decline appears to be bottoming out. The current rally may reach to around 1.2905 before rolling over, as it could be an Elliot wave 4 which would be expected to reach the terminus of the wave 4 of lesser degree, which is at 1.2910.
USD/JPY: Technical AnalysisAs expected, the price reversed…
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Added by Forex4you on August 17, 2010 at 1:07am —
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EUR/USD: Technical AnalysisThe price went down below 1.2870 and is likely to fix here, because attempts to get back upwards, above this level, which is now a resistance, are not successful. Such state of events can be considered a signal for a reverse in this pair to the “bearish” trend. Indicators show the “bearish” mood again, which gives even more foundation for the previous assumption. If so, support 1.2730/00 is going to be a big challenge…
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Added by Forex4you on August 13, 2010 at 8:20am —
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EUR/USD: technical Analysis The euro pared some of yesterdays loses overnight but this morning began falling again. It is probable that it will continue to fall perhaps to support from the 38.2% Fibonacci line and the monthly pivot combined at the level of 1.2780. Demand there may cause a bounce or something more substantial. Additional downside could see prices reach lower to support at the 1.2690s.…
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Added by Forex4you on August 12, 2010 at 8:16am —
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ForexPros Daily Analysis August 12, 2010
Free webinar on ForexPros - Let's do some simple Trend Trading
Expert: Kellie Durazo
When: Tue, Aug 17, 2010, 10:00 EST
Why spend hours analyzing charts when you can learn a few simple trading
strategies that are effective and easy to learn. During this webinar, Kellie
Durazo… Continue
Added by forexpros on August 12, 2010 at 6:07am —
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