JDfn Administrator's Blog – September 2010 Archive (8)

Analysis on the USD/JPY

The USD/JPY has been a very volatile pair as of late. From the beginning of this month, the US dollar started to lose value against the yen, but up until the BOJ intervention on the local currency the pair drastically reversed and broke all major levels of resistance. With that being said, the pair did reach a high of 85.95, let's say 86.00. Once it tested such major resistance point, it failed to break through, then it started to retraced to the previous downtrend…

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Added by JDfn Administrator on September 29, 2010 at 11:01pm — 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

Learn how to trade with the Forex AI Wizard

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Added by JDfn Administrator on September 21, 2010 at 1:15pm — No Comments

Understanding the Moving Average Convergence Divergence, better known as MACD

How does it work? It's really simple !!!

A trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.…

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Added by JDfn Administrator on September 19, 2010 at 10:52am — 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

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

Experienced the NEW ForexAI !!!

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

about trading the forex then now is the time. The Forex has been making some

amazing moves and with the right tools you can take advantage of

them.…

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