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Forexpros Daily Analysis - 10/11/2010
ForexPros Daily Analysis November 10, 2010
Free webinar on ForexPros - Trading Forex and Commodities in an Innovative Way!
Expert: Luca Discacciati
Start: Wed, Nov 17, 2010, 10:00 EST
End: Wed, Nov 17, 2010, 11:00 EST
In this webinar Luca will explain how to trade forex and commodities (gold, silver, brent) in an innovative way using some indicators of 'technical analysis'.
This webinar is very practical oriented, the goal is to enable the webinar users, to start work immediately in the markets.
On this occasion, will be given special attention to risk control, the only tool necessary to dominate the leverage.
Click here to join free
---
EUR/USD
On daily, testing its extension long at 1.3808. Line in sand is at 1.3696. If we break below, longs are broken.
On 15 min chart, in measured moves short. Cannot go long, until shorts are broken.
Next 50% short, an extension short, at 1.3822, which coincides with Daily Pivot at 1.3832.
Line in sand at 1.3845. Must remain short until shorts are broken.
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GBP/USD
On daily chart, the pound pulled back to its next traditional setup at 1.5975. Line in the sand for longs is 1.5895.
On 15 min chart, also in measured moves short. Reacting to extension short at 1.6013. Line in sand is full 50% at 1.6068, with 61.8% at 1.6095.
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USD/JPY
Testing its next extension short at 81.50 and looks ready to break through. If breaks, we will look for next long setup.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 15/11/2010
ForexPros Daily Analysis November 15, 2010
Free webinar on ForexPros - Trading Forex and Commodities in an Innovative Way!
Expert: Luca Discacciati
Start: Wed, Nov 17, 2010, 10:00 EST
End: Wed, Nov 17, 2010, 11:00 EST
In this webinar Luca will explain how to trade forex and commodities (gold, silver, brent) in an innovative way using some indicators of 'technical analysis'.
This webinar is very practical oriented, the goal is to enable the webinar users, to start work immediately in the markets.
On this occasion, will be given special attention to risk control, the only tool necessary to dominate the leverage.
Click here to join free
---
1) Forex Trading Signal For EURUSD
Forex Trend Analysis
The overall trend for EURUSD this week is DOWN.
Forex Technical Analysis
4 Hour Chart
The EURUSD has break below the 200 EMA and has moved back up to retest the new resistance form by the 200 EMA. It looks like it has successfully retested that level and the price is looking to move down.
Hourly Chart
The price did not manage to form a higher high and therefore it seems that the down move will continue.
Overall Forex Analysis
I will go SHORT for this pair but I will take profit before the 1.34657 level which is s a strong support level.
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2) Forex Trading Signal For GBPJPY
Forex Trend Analysis
As a whole, the trend for this pair is DOWN but you have to be careful about the breakout that takes place on the daily chart.
Forex Technical Analysis
Daily Chart
The price has indeed break above the trend channel on this time frame. It has came back to retest the new support level and is looking to move up again.
4 Hour Chart
However it is not time yet to enter any trade for this pair because the price has hit the resistance trend channel on the 4 hour chart.
Overall Forex Analysis
I will wait for GBPJPY to retrace after hitting the trend channel and then enter a BUY trade once it hit the lower trend channel.
---
Forex Trading analysis written by Kelvin Lee for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 18/11/2010
ForexPros Daily Analysis November 18, 2010
Euro Heading to Next Setup, Pound in Short, Yen In Long
Euro: On daily, bouncing off next 50% traditional long at 1.3430. with target at 1.4679.
On 15 min, next 50% at 1.3611, with target to 1.3369. If we break, then wouldn't be unexpected to go Full Half Way Back at 1.38633, creating a short squeeze.
Pound: On daily, broke through daily long towards next full 50% traditional long setup at 1.5797.
On 15min chart, in short setup, next 50% at 1.596, with target at 1.5781.
Yen: Holding it long setups, since it bounce from near all time lows.
Currently in the next traditional 50% at 82.078. Line in sand is 83.754. Target 78.86.
In shorter term, holding its long setups. 82.97 is the next 50% that is holding the yen, with target at 83.93.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 22/11/2010
ForexPros Daily Analysis November 22, 2010
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
---
Forex Analysis GBPUSD
1) Forex Trading Signal For GBPUSD
Forex Trend Analysis
The trend for GBPUSD this week seems to be bullish (UP)
Forex Technical Analysis
Weekly Chart
The price continues to make higher high which is a sign that the trend is moving up recently. There is a chance that the price will hit the 1.7700 level to fulfil its Gartley pattern run.
Daily Chart
The price forms a symmetrical triangle on this time frame. As the trend is up, there is a high chance that the price will break above the triangle.
4 Hourly Chart
On the 4 hour chart, the price continues to move within a trend channel which is a sign of consolidation after a period of upmove.
Overall Forex Analysis
I will look for LONG trade once the price breaks above the trend channel on the 4 hour chart or triangle on the daily chart.
---
Forex Trading analysis written by Kelvin Lee for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros.com Daily Analysis - 24/11/2010
ForexPros Daily Analysis November 24, 2010
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
---
Forex Trend Analysis
The trend for EURUSD this week is DOWN and we will be looking for SHORT trading opportunity.
Forex Technical Analysis
Daily Chart
The price has crossed below the 200 EMA and is moving back up to retest the new resistance level.
Hourly Chart
There are several major resistance level on this time frame at around 1.34607. It consists of 2 Fibonacci and 1 Daily Pivot Level.
Overall Forex Analysis
I will look to go SHORT if the price is unable to break above the 1.34607 resistance levels.
---
Forex Trading analysis written by Kelvin Lee for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 29/11/2010
ForexPros Daily Analysis November 29, 2010
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
---
Forex Trend Analysis
The EURUSD is bearish for this week and will look to move down.
Forex Technical Analysis
Daily Chart
The EURUSD has moved down quite alot for the last week and has now hit the Fibonacci 0.382 support level. At the same time, this level is in confluence with a major support level.
4 Hourly Chart
On this time frame, the EURUSD has reached the 1.272 Fibonacci extension level after retracing to 0.618 Fibonacci level.
Overall Forex Analysis
There may be some upward movement due to the confluence of support of 0.382 on the daily chart and 1.272 on the 4 hourly chart.
---
Forex Trading analysis written by Kelvin Lee for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 30/11/2010
ForexPros Daily Analysis November 30, 2010
Today: Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
---
Euro:
On the daily chart, the euro is in short setups. The full half way back long at 1.3077 may serve as some support. On the 15 minute chart, the euro is in a series of measured moves. The extension short from 1.3211 to lows at 1.3064, with 50% at 1.3137, with target at 1.3029. The full half way back short is at 1.3181, with target at 1.30076.
Pound:
On the daily, in measured moves short. On the 15 min chart, the pound is in measured moves short. The next half way back at 1.5585, with target at 1.5498.. Daily pivot at 1.5581.
USD/YEN:
In measured moves long, hitting its 23.6% target at 84.237. Could have a pullback here.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 01/12/2010
ForexPros Daily Analysis December 01, 2010
Today: Free webinar on ForexPros - Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Dec 20, 2010, 10:00 ET
End: Mon, Dec 20, 2010, 11:00 ET
Fibonacci ratios are a very popular tool among technical traders and price has an uncanny way of respecting Fibonacci ratios.
There are different kinds of Fibonacci ratios like, retracements, expansions, projections, fans etc, and each of them have a different characteristic and a different use.
Learn to identify the situations to use the correct Fibonacci ratio.
Click here to join free
---
Euro:
On daily, has continued to break lows on over extended moves. Next major support areas are previous highs at 1.2916 and lows at 1.2588.
On the 15min chart, still in a series of measured moves short, with 50% short at 1.3052 having a reaction. Daily pivot at 1.30332 may help hold market down. Line in sand at 1.3072.
Pound:
On daily, pound has continued to hit new daily lows and has reached a major support (previous highs) area at 1.55206.
On 15min chart, still in extension short, with 50% at 1.56042, with target at 1.54257. Line in sand is at 1.56328.
Yen:
On daily, Yen is puling back after hitting daily targets. Extension long at 50% at 83.206, may serve as the next bounce point, with a target at 84.995.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 06/12/2010
ForexPros Daily Analysis December 06, 2010
Euro:
Daily: Euro is reacting to 50% short at 1.3378 (line in sand 1.34749, with target at 1.27715 ). See if it holds. The only other major resistance level is the full half way back at 1.36192.
Last week, euro bounced off half way back at 1.30742, with target at 1.4838.
15min: Broke series of measured moves long, after reacting to 50% short at 1.337. Extension long at 1.3295.
Daily Pivot: 1.33465
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Pound:
Daily: Pound is reacting to half way back at 1.57891 (line in sand at 1.58608), after reacting off support at 1.55206.
On 15min:
Has broken its measured moves long after reacting to short at 1.57891. Daily pivot at 1.57139. Extension long at 1.57276. Full half way back at 1.56487.
---
Yen (USD/JPY):
Daily: Yen front run its 50% half way back at 82.345 (line in the sand 81.855) with a target at 85.592. Inside larger short at 84.592 with target at 78.227.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Forexpros Daily Analysis - 07/12/2010
ForexPros Daily Analysis December 07, 2010
Free webinar on ForexPros - Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Dec 20, 2010, 10:00 ET
End: Mon, Dec 20, 2010, 11:00 ET
Fibonacci ratios are a very popular tool among technical traders and price has an uncanny way of respecting Fibonacci ratios.
There are different kinds of Fibonacci ratios like, retracements, expansions, projections, fans etc, and each of them have a different characteristic and a different use.
Learn to identify the situations to use the correct Fibonacci ratio.
Click here to join free
---
Euro and Pound Longs are still holding but half way back shorts acting as resistance. Best to let market confirm which direction it wants to go.
Euro:
On daily, 50% short at 1.33777 acting as resistance.
On 15 min, currently bouncing off long at 1.32479, with target at 1.35276, as a continuation of measured moves long of the past week. Short at 1.33419, acting as resistance, though we are above daily pivot of 1.33229, which may hold market up.
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Pound: Between short of 57891 and long of 1.5649.
On 15 min, bouncing off 50% at 1.56487. Needs to break 1.58536 to confirm long. Daily Pivot at 1.57139.
---
Yen:
On daily, reacting off 50% at 82.345.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.