EUR/USD: possible bearish resumption
Eurodollar rebounded off yesterday's lows breaking above 1.3120 and beginning a weak rally higher. It has now rolled over however and is in the process of pulling back. It will probably correct back further or even renew its down-trend. If it breaches the 1.3050 lows then that would confirm the bearish resumption, perhaps down to 1.2900, the target for the head and shoulders top. A rebound, however, would see a move up to the…Continue
Added by Forex4you on February 28, 2013 at 7:03am — No Comments
EUR/USD: pause in down-trend
The EUR/USD's decline has stalled at support at the 1.3000 level where it is currently consolidating. It will probably resume its descent given the short-term trend is down and continue lower to perhaps 1.2900 which is the profit target from the head and shoulders top, or even lower to the next target down at 1.2795. Alternatively, a bullish bounce would have to break above 1.3120 to gain traction, with an upside target at 1.3195…Continue
Added by Forex4you on February 27, 2013 at 5:11am — No Comments
Forex Coaching is HERE and BETTER than EVER !
The Forex is Hot!
I have seen the Forex market getting hotter; a…
Added by JDfn Administrator on February 26, 2013 at 11:30am — No Comments
EUR/USD: bullish break
Eurodollar's bounce was short-lived and after touching the top of the channel it continued lower. It will probably extend down even further, with the head & shoulders top indicating it will reach a downside target of 1.2900; with the next target after that at 1.2795, where there is a cluster of monthly and weekly pivots situated.…Continue
Added by Forex4you on February 26, 2013 at 5:49am — No Comments
With the markets closed for the President’s day, American took time off and paused to honor this iconic office. While many of us have grown disenchanted with the current state of affairs, our presidents have a rich and storied history.
From national icons to Carl Ichan, the only real market news on Friday was this battle with William Ackman over Herbalife, cause there’s nothing like a couple of Wall Street tycoons getting in a…Continue
Added by Larry Levin on February 25, 2013 at 9:04pm — No Comments
EUR/USD: channeling down
The pair has been channelling down since the start of February. It has just reached the lower line of the channel and the monthly pivot and has rebound. It will probably bounce back up to the upper channel line at 1.3300 next, with further tougher resistance also at 1.3330. Eventually it will probably resume its down-trend, however, with the key 1.2950 level marked as a probable downside target for the move.…Continue
Added by Forex4you on February 25, 2013 at 6:23am — No Comments
Secret Trading Tip #20
Understanding Candlestick Patterns – Harami
I've already covered some of the better known patterns like doji (Tip #18) and engulfing (Tip#19) – now it's time to add harami to your candlestick chart pattern arsenal. Let's take a look at what this technical signal looks like, and what opportunities might be presenting themselves when you see it.
Harami patterns can be bearish or bullish
Harami, like engulfing patterns, are…Continue
Added by Larry Levin on February 24, 2013 at 8:43pm — No Comments
EUR/USD: bullish break
Yesterday's narrow sideways range eventually led to a break out which broke through the down-sloping trend-line. There is an immediate upside target of 1.3480 but eventually also 1.3515 – the target from the breakout. If the pair falls back down, however, it will probably re-touch the 1.3220 lows, but the thick clusters of support underneath are likely to inhibit further downside.…Continue
Added by Forex4you on February 20, 2013 at 6:13am — No Comments
EUR/USD: moving sideways
Eurodollar continues to consolidate in a narrowing sideways pattern as noted yesterday. It is supported by the 200-4hr MA, a trend-line and the neckline of a possible H&S pattern. The greater trend is still up and a break above the 1.3395 highs would indicate a recovery higher, targeting the 1.3480 level. A lot of support underpins price including the 50-day MA at 1.3270, and so it would require a move below this and the trend-line at…Continue
Added by Forex4you on February 19, 2013 at 7:02am — No Comments
Secret Trading Tip #8
Avoiding Mental Sabotage
I have heard that 95% or more of all traders ultimately fail.
Have you ever wondered why?
Most traders will tell you it was the system or method they were using. They'll also tell you they had a few bad trades they couldn't recover from. Or their dog chewed through the telephone cord just as their computer crashed, and they couldn't get out of a losing trade.
Everyone has a different…Continue
Added by Larry Levin on February 18, 2013 at 9:52pm — No Comments
It's All ABOUT Education ~N~ One-on-One Coaching is the WAY to GO!
Are you getting STOPPED out too often? Are your profits smaller…
Added by JDfn Administrator on February 18, 2013 at 11:30am — No Comments
EUR/USD: bounce possible
The EUR/USD pair has fallen to a cluster of strong support including the 200-4hour moving average, a trend-line and a neckline for a possible H&S top. The downward pressure seems to have eased today and there is a reversal pattern breaking on the hourly chart which could signal a bounce back up; with a break above 1.3395 targeting 1.3470. Alternatively any further downside could break through the neckline of a potential head and shoulders…Continue
Added by Forex4you on February 18, 2013 at 6:53am — No Comments
Secret Trading Tip #14
If you know your way around a price chart (Tip#5) then you are ready to learn a little more about technical analysis. This kind of analysis is defined as an attempt to try to forecast price movements based on patterns observed in price changes on charts, or other changes that are not rooted in fundamental observations.
For technical analysts the key to observing the market lies in signals and…Continue
Added by Larry Levin on February 17, 2013 at 8:42pm — No Comments
EUR/USD: bearish break
The break below the key 1.3355 level has occurred this morning and could see eurodollar run down to 1.3250 initially, and then eventually possibly even key support at 1.2950. Much depends on whether today remains bearish into the close – if it does then this could be the start of a major leg down, otherwise we may yet see a recovery, although the trend-line at 1.3410 limits near-term upside potential.…Continue
Added by Forex4you on February 15, 2013 at 5:19am — No Comments
EUR/USD: possible bearish break
Eurodollar has fallen back down and touched support from the trend-line today. There is strong downwards pressure and it is attempting to break lower. A move below 1.3355 would be a strong bearish continuation sign with the 50-day MA at 1.3260 providing the next downside target. Alternatively there is still a possibility of a bounce targeting the 1.3640s, with a break above resistance clustered at 1.3460 adding confirmation.…Continue
Added by Forex4you on February 14, 2013 at 6:25am — No Comments
EUR/USD: rebound continues
Eurodollar's bounce from the trend-line and the monthly pivot has continued higher and reached 1.3470. Today we have had another thrust higher and it will probably continue. There is an inverted H&S on the hourly chart with a price target at 1.3500 and another target is 1.3640. Alternatively a break below 1.3355 lows would give bearish confirmation that the trend lower was resuming.…Continue
Added by Forex4you on February 13, 2013 at 6:05am — No Comments
Added by JDfn Administrator on February 12, 2013 at 12:00pm — No Comments
EUR/USD: consolidating on support
The pair continues to consolidate on top of support from the trend-line and the monthly pivot. Activity today has been mainly bearish although it is now turning up, and a break above 1.3470 could trigger further upside to perhaps the 1.3715 highs. Alternatively a decisive break of the 1.3350 lows would indicate the trend-line had given way with a new target down at support at 1.2950.…Continue
Added by Forex4you on February 12, 2013 at 5:28am — No Comments
It’s very natural to possess the willingness to purchase a big home. Well, affordability is to be considered here. You can’t do anything you want if your limit of affordability doesn’t allow you. The most important question that should come to your mind when you’re thinking of getting a home in these times when inflationary pressures are running high is – mortgage how much can I…Continue
Added by George Alford on February 12, 2013 at 4:36am — No Comments
The Ultimate One-on-One Forex Coaching is HERE!
What are you trading CURRENTLY? We are into the USD/CAD, AUD/USD, GBP/JPY and just now entered the EUR/USD LONG. How about you? Let my…
Added by JDfn Administrator on February 11, 2013 at 11:30am — No Comments