October 2010 Blog Posts (55)

Monthly General Overview for 11 currency pairs - SUMMARY - October 2010

Prices at last Friday's close (October 8, 2010)

The following tables show the support and resistance levels for 11 currency pairs along with the risk-to-reward ratio calculations issued by Forex AI trading platform and a forecast of the trend direction on three long-term and medium term time frames with…

Continue

Added by Caroline Carlin on October 10, 2010 at 4:04pm — No Comments

Forex4you Technical Analysis 08/10/10

EUR/USD: Technical Analysis

This pair made highs of 1.4028 yesterday before rolling over; the whole day a doji candlestick. As I mentioned before the 1.4000 level is key because it is where the ‘A’ leg of the rise from the June lows will equal the ‘C’ leg and this is the most common relationship on completion. It is also the level of the R1 monthly pivot thus compounding the resistance there. We would expect that there would be some sort of… Continue

Added by Forex4you on October 8, 2010 at 7:47am — No Comments

Principles of Wealth Creation

To accomplish your goal of becoming financially free, you will need to master specific principles of wealth creation. No, these aren’t some magical set of principles we found scratched in papyrus scrolls in the ruins of an ancient temple. They’re contemporary, commonsense principles. At the same time, though, they are magical, because they create the basis for a sound foundation of wealth creation.

You need to be systematic and thorough in your approach to these eight principles. If… Continue

Added by James Dicks on October 7, 2010 at 8:00am — No Comments

Forex4you - Daily Technical Analysis 07/10/10

EUR/USD: Technical Analysis

The price tested level 1.3950/60, which proved to be strong enough to hold back the “bulls” for some time. Then the level has been breached, the price tested one more level -1.3990- and now it resides at 1.3960/70. Indicators show no changes and still suggest growth. But taking into account MACD divergence, we should probably expect one another bounce of the euro to 1.4010/10 and then be ready to a large-scale pullback… Continue

Added by Forex4you on October 7, 2010 at 7:49am — No Comments

ForexPros Daily News October 7, 2010

ForexPros Daily News October 7, 2010

Forex - USD/JPY tumbles to new 15-year low as intervention sidelined

Forex Pros – The… Continue

Added by forexpros on October 7, 2010 at 7:45am — No Comments

Forex4you Technical Analysis 06/10/10

EUR/JPY: Technical Analysis

This pair has now reached highs in the 115s which also happens to be the point and figure target from the August lows. It seems likely that from here some sort of correction may develop or a consolidation range. I think the odds are slightly more in favour of a sell off - first to near-term support at 114.60 and then if stronger, to the lows in the 113.90s. The drop from here could be quite sharp given the persistently… Continue

Added by Forex4you on October 6, 2010 at 10:56am — No Comments

A millionaires dreams

Each of us creates our own world, today and tomorrow, by the thoughts and dreams we create. This is precisely why financial freedom is viewed so differently once you get past the dollar number. Our dreams are all different, and that variety is a good thing. Can you imagine how difficult life would be if we all wanted to be doctors?

In order for life to work, we must all be different. We must have different dreams and different aspirations. But this very variety means that these… Continue

Added by James Dicks on October 6, 2010 at 8:00am — No Comments

ForexPros Daily News October 6, 2010

ForexPros Daily News October 6, 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 is your… Continue

Added by forexpros on October 6, 2010 at 6:48am — No Comments

Weekly scope: AUD/USD and Gold breakthroughs

After a long deliberation around psychological level 0.9700, the Australian Dollar surged and broke its most recent resistance (0.9750) and is deliberately heading towards last all-time highs of 0.9850 in July 2008. We also have the weekly Pitchfork median line pointing at about parity, and if the highs are broken there is no limit for a final push to achieve an equal level with the greenback.…

Continue

Added by Caroline Carlin on October 6, 2010 at 6:00am — No Comments

Dreaming is fun, isn’t it? Part 3

Welcome back.

Follow up to previous blog post.

Once you have actually seen yourself spending and enjoying your newfound financial success, you can move on. Please don’t fudge—OK, let’s move on together. Let’s change your visual focus. Where do you live in your new life of prosperity? What does your house look like? How many bedrooms does it have? Can you see it? If you can see it, spend a few minutes creating details. If you can’t see it, spend a little more time with the… Continue

Added by James Dicks on October 5, 2010 at 8:15am — No Comments

Forex4you Technical Analysis 05/10/10

EUR/USD: Technical Analysis

The correction reached even lower supports, the price went below level 1.3710. Level 1.3660/10, previously mentioned as the key support on the way downwards, withstood the “bearish” pressure, and the price returned to growth, testing level 1.3630/40. The trading is currently carried on at 1.3780/90. Indicators prefer growth, though MACD divergence, on the contrary, makes us doubt of a possible growth to the new… Continue

Added by Forex4you on October 5, 2010 at 8:13am — No Comments

ForexPros Daily News October 5, 2010

ForexPros Daily News October 5, 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 is your… Continue

Added by forexpros on October 5, 2010 at 7:45am — No Comments

Find Daily Forex Updates on Facebook

Join our Facebook Community for Daily Market Analysis on Your Facebook http://www.forex4you.com/forex4you

Added by Forex4you on October 4, 2010 at 8:12am — No Comments

Forex4you Technical Analysis 04/10/10

EUR/USD: Technical Analysis

After having spent most of last week rallying the EUR/USD pair began falling this morning. The pair may continue to drop to support at 1.3650 initially. After that there could be a recovery rally. It is possible the market may zig-zag sideways for a while thereafter oscillating between the 1.38 highs and the 1.36 lows. This could be the start of a wave 4 correction of the rally from the August lows. Given wave 2 was… Continue

Added by Forex4you on October 4, 2010 at 8:02am — No Comments

Forex4you Technical Analysis 1/10/10

EUR/USD: Technical Analysis

Level 1.3700/1.3680, previously seen as a strong resistance didn’t prove to be strong enough to start a large-scale correction, so the trading went upwards and is now carried on at 1.3720/25. Indicators keep suggesting two different scenarios – R% and SS remain in the overbought zone, supporting the “bullish” trend on the one hand, and MACD is currently forming divergence, giving signs to a… Continue

Added by Forex4you on October 1, 2010 at 7:53am — No Comments