September 2010 Blog Posts (63)

Will Australian Dollar finally break through parity?

Australian Dollar just pierced this week November 2009 high of 0.9404, advancing well above the 80% retracement mark on the last and deep weekly swing low.

This swing itself was a 76.4% retracement on previous move from early 2001 all-time lows at 0.4773 to july 2008 all-time highs at 0.9847, and ended at 0.6006 on october 2008.

Although this is a longer term view, the present monthly levels would suggest an attempt to test… Continue

Added by Caroline Carlin on September 15, 2010 at 9:00pm — No Comments

Forexpros.com Daily Analysis - 15/09/2010

ForexPros Daily Analysis September 15, 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 15, 2010 at 7:00am — No Comments

AUD/USD Daily Analisis update

The Aussie is currently sitting right at the 0.9400 level as previously mentioned last nite. The pair broke through this level to a high of 0.9458, but failed to close above it off of the daily chart. Right around 5pm EST the pair retraced back below 0.9400 level which makes it vulnerable to know it's future path. We're anticipating a retracement near the 25% FIB level before resuming the upward trend.…

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Added by JDfn Administrator on September 14, 2010 at 5:49pm — No Comments

EUR/USD Consolidation levels

The EUR/USD broke through major resistance of 1.2900 earlier this morning as far as hourly charts is concern. Once it passed beyond this level, it has consolidated for the most part between 1.3000-1.3050 throughout the day.

Based on the daily chart, we can conclude the pair is currently in a consolidation channel between 1.2650-1.3033 which makes it difficult to trade not knowing if we can… Continue

Added by JDfn Administrator on September 14, 2010 at 3:59pm — No Comments

Risk appetite breaking out all boundaries

Dollar weakness along with Asian renovated strength have set up a fireworks show in almost all currency pairs early this week. Gold breaking all time highs without an apparent fundamental reason adds to the picture a remembrance of similar events in 2008, a few weeks before the financial collapse that took place at about this time of the year.

Watch around the corner.

Added by Caroline Carlin on September 14, 2010 at 1:08pm — No Comments

Forex4you Techncial Analysis 14/09/10

EUR/USD: Technical Analysis

This pair rose higher than expected yesterday. If it breaks above the key September 6th highs at 1.2919 then prices will probably rise even higher perhaps to the area of the 61.8% Fibonacci retracement of the 6th of August decline at 1.3040. If prices roll over before then they should begin a severe decline to 1.2720 initially and then probably substantially further to the 1.25s.…

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Added by Forex4you on September 14, 2010 at 8:16am — No Comments

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

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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