Learn ForexLearn ForexLearn Forex Trading, Trading Strategies, How to determine Forex Signal,Understanding Forex Charts,Understanding Forex Technical Indicator, Trading Technique, Calculating Profit Loss. 
Articles
Learn What is Forex and How to Trade.
2009-08-08 20:37:00 Why Should I Learn Forex ?If you hear from anyone that making money in Forex is easy, do not believe. It is a myth. The truth is ? being profitable in Forex requires a lot of work, dedication, learn, practice, more than a good discipline, sharp knowledge of money management and understanding of the psychology of the currency market. Learn Forex before you start Trading, because to Earn you should Learn Forex.If you are ready to Learn Forex / start Forex Trading, then this blog is for you. Here you will learn all details about forex / forex trading,1) You will learn what is Forex and how to trade forex.2) You will learn forex strategy / forex trading technique / forex trick.3) You will learn how to draw forex trendline.4) You will learn how to determine support and resistance.5) You will learn how to use forex chart / forex indicator for entry & exit in forex market.6) You will learn about risk management & money management.7) You will learn how to calculate forex profit / los... More About: Trade
Introduction to Fibonacci trading techniques
2009-05-03 13:48:00 First, a few words about Fibonacci himself? Leonardo Pisano (nickname Fibonacci) was a mathematician, born in 1170, in Pisa (now Italy). His father was Guilielmo, of the Bonacci family. His father was a diplomat, as a result Fibonacci was educated in North Africa, where he learned "accounting" and "mathematics". Fibonacci also contributed to the science of numbers, and introduced the "Fibonacci sequence" The Fibonacci sequence is the sequence 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, introduced in his work "Liber abaci" in a problem involving the growth of a population of rabbits. Aside from this sequence of number where every next number is the sum of the proceeding two, 0, 1 (0+1), 2 (1+1), 3 (2+1), 5 (3+2), 8 (5+3), 13 (8+5), etc. There are the "Fibonacci ratios".. By comparing the relationship between each number, and each alternate number, and even each number to the one four places to the right, we arrive at some fairly consistent ratios.. The importan... More About: Trading , Introduction
High Probability Trading
2009-04-29 15:53:00 This tutorial is provided by Neal Hughes at FibMaster Even traders with limited experience start to realize that we are not trying to capture every market move. We want to improve our odds and reduce our frustration by filtering, for high-probability trades. The combination of trend and Fibonacci techniques can provide powerful signals for higher probability trading. We already know that trend-lines have some validity, and so do Fibonacci levels. Combine the two, to improve your chances. The following charts are the USD/British Pound GBP. First, the daily chart as of October 5th 2005. I have drawn a red down-sloping trend-line joining the two recent swing highs. The chart has moved down since early September , making a down-trend of consecutive "waves" with lower swing highs and lower swing lows. There were several opportunities to take advantage of the down-move. In this tutorial we will focus on the October 6th opportunity. In a down-trend we want to short those swing highs, and ... More About: Trading , High , Probability
Forex Market Updates
2008-10-08 06:55:00 <!-- /* Font Definitions */ @font-face {font-family:SimSun; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-alt:??; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 135135232 16 0 262145 0;} @font-face {font-family:Georgia; panose-1:2 4 5 2 5 4 5 2 3 3; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:647 0 0 0 159 0;} @font-face {font-family:"@SimSun"; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 135135232 16 0 262145 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:SimSun;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline; text-underline:single;} a:visited, ... More About: Market , Forex , Updates
Nagen Multi Time Frame Trading Using Laguerre
2008-08-30 06:51:00 Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Time s New Roman"; mso-fareast-font-family:"Times New Roman";} Indicators used: LaGuerre 1 - Gamma 0.55, levels 0.15, 0.85, 0.45 bars to read 9500 color Blue. LaGuerre 2 - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color Red. Stochastic Settings: 5, 3, 3 (Green) and 14, 3, 3 (Red) Recommended - EMA 200 (Red) and EMA 60 (Blue) to find Trend. Pivot Points: To Find daily Profit levels and as indication of Support / Resistance. Basic Rules for Entry & Exit Entry Long: Laguerre 1: When Laguerre 1 is above 0.15 and pointing up. Laguer... More About: Trading , Multi , Frame
Nagen Multi Time Frame Trading Using Laguerre
2008-08-30 06:51:00 Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Time s New Roman"; mso-fareast-font-family:"Times New Roman";} Indicators used: LaGuerre 1 - Gamma 0.55, levels 0.15, 0.85, 0.45 bars to read 9500 color Blue. LaGuerre 2 - Gamma 0.85, levels 0.15, 0.85, 0.45 bars to read 9500, color Red. Stochastic Settings: 5, 3, 3 (Green) and 14, 3, 3 (Red) Recommended - EMA 200 (Red) and EMA 60 (Blue) to find Trend. Pivot Points: To Find daily Profit levels and as indication of Support / Resistance. Basic Rules for Entry & Exit Entry Long: Laguerre 1: When Laguerre 1 is above 0.15 and pointing up. Laguer... More About: Trading , Multi , Frame
Forex Market Update
2008-08-27 07:45:00 12pips EURUSD Mission AccomplishedPosted: 26 Aug 2008 10:47 AM CDT1 minute with Forex Survivor 12pips EURUSD Mission Accomplished A. &nb sp; (26August US) Latest Impact: Low Liquidity vs. Political Dangerous Zone There is no need to panic as the harm has already done. The situation is going to be reversed and the political situation between Russian and Georgia is as bad as we expect. The FX moves would be translated onto reversal point sooner or later, and already extreme divergences are on EURUSD: Weakness Sees EUR Attacking Its LT Rising TrendlinePosted: 26 Aug 2008 10:04 AM CDTEURUSD : A follow?through on Friday and Monday's weakness saw EUR attacking its LT trendline established since Feb'2006 today.Convincingly invalidating that level will leave the pair vulnerable to the downside towards its range breakout point at 1.4565.If the pair maintains its present weakness and closes lower today, resumption of its med... More About: Market , Update
Forex Market Update.
2008-06-03 07:19:00 EUR/USD dailyPosted: 02 Jun 2008 10:38 AM CDTI count the rise started from 1.5460 as a flat correction. In such a case we could be in the beginning of wave C of it so I entered long today. The minimum requirement for this pattern is a new high above 1.5568 but I think that the most logical targets are 1.5590 and 1.5680 which are the targets of the long positions. A key support is 1.5460 Trading strategy: 10:50 EST; 15:50 GMT Long position from 1.5525, stop loss - 1.5455, target - open Addition to the long position from 1.5518, stop lossGo Away in May, Come Back and Sell Today ?Posted: 02 Jun 2008 10:35 AM CDTWe're sure you've heard this before: "Sell in May and go away!" It's the media's cute way of explaining the relatively low interest and falling prices during the summertime. Mostly because they believe anybody who's anybody is off sunning themselves on the beach or out at a ballgame somewhere. Well, we've got a new little ditty for you: "Go Away in May, Come Back and Sell ... More About: Market , Forex , Update
Forex Market Update
2008-06-03 07:00:00 EUR/USD dailyPosted: 02 Jun 2008 10:38 AM CDTI count the rise started from 1.5460 as a flat correction. In such a case we could be in the beginning of wave C of it so I entered long today. The minimum requirement for this pattern is a new high above 1.5568 but I think that the most logical targets are 1.5590 and 1.5680 which are the targets of the long positions. A key support is 1.5460 Trading strategy: 10:50 EST; 15:50 GMT Long position from 1.5525, stop loss - 1.5455, target - open Addition to the long position from 1.5518, stop loss Go Away in May, Come Back and Sell Today ?Posted: 02 Jun 2008 10:35 AM CDTWe're sure you've heard this before: "Sell in May and go away!" It's the media's cute way of explaining the relatively low interest and falling prices during the summertime. Mostly because they believe anybody who's anybody is off sunning themselves on the beach or out at a ballgame somewhere. Well, we've got a new little ditty for you: "... More About: Market , Forex , Update
Forex Market Update
2008-06-03 06:28:00 EUR/USD dailyPosted: 02 Jun 2008 10:38 AM CDTI count the rise started from 1.5460 as a flat correction. In such a case we could be in the beginning of wave C of it so I entered long today. The minimum requirement for this pattern is a new high above 1.5568 but I think that the most logical targets are 1.5590 and 1.5680 which are the targets of the long positions. A key support is 1.5460 Trading strategy: 10:50 EST; 15:50 GMT Long position from 1.5525, stop loss - 1.5455, target - open Addition to the long position from 1.5518, stop loss Go Away in May, Come Back and Sell Today ?Posted: 02 Jun 2008 10:35 AM CDTWe're sure you've heard this before: "Sell in May and go away!" It's the media's cute way of explaining the relatively low interest and falling prices during the summertime. Mostly because they believe anybody who's anybody is off sunning themselves on the beach or out at a ballgame somewhere. Well, we've got a new little ditty for you: "Go Away in May, Come Back and Sell... More About: Market , Forex , Update
Forex Market Update
2008-05-10 19:01:00 Gold Rising On Inflation Fears Posted: 09 May 2008 04:00 PM CDT Gold saw another rally this week as $126/barrel oil spurred fund managers to seek new hedges against inflation. However 889.55 remains a solid resistance level for now. If price manages to break above, the near-term target could be 905.35 - with additional resistance waiting at 892.82 and 896.85 A bearish divergence and turning stochastics on several timeframes suggest a period of cooling may set in before we see new highs. Support is expected at 869.35, 865.10, and 860.85 Chart of the Day - NZD/JPY Posted: 09 May 2008 01:22 PM CDT (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; chart pattern in yellow; 50-period simple moving average in light blue.) 5/09/2008 ? NZD/JPY ? After breaking down below a rather well-defined inverted pennant formation on the NZD/JPY daily chart, as shown, price ... More About: Market , Forex , Update
Forex Market Update
2008-04-30 16:52:00 New GBP/JPY Sell Positon Posted: 29 Apr 2008 12:54 PM CDTConquer : Zero Line Cross entry at 12:00 GMT on 4.22.2008 200pips Natural Gas Mission Accomplished & 18pips GBPCHF Posted: 29 Apr 2008 12:00 PM CDT 1 minute with Forex Survivor 18pips GBPCHF Mission Accomplished 200pips Natural Gas Mission Accomplished A. (29 April US) Latest Impact: GBPCHF: Mr. Sterling received no chocolate today and is retreating from an arousal trend that is no longer can be easily affordable. You see now what it means when 'food' prices skyrocket? GBPCHF is jetting off the high and the depiction of that pair is getting a rollercoaster relationship where craziness hits the spot narrowly on U.S Market Update Posted: 29 Apr 2008 11:12 AM CDT - Indices are drifting lower after April consumer confidence data confirmed rising gas and food prices are affecting peoples' attitudes. Though the headline number did beat expectatio...
Forex Market Update
2008-04-24 03:46:00 U.S Market Update Posted: 23 Apr 2008 11:03 AM CDT - A firmer US dollar and respite in the rise in June crude led to better open for U.S. stock prices. Strong earnings in the tech sector are lifting the Nasdaq this morning, with chipmaker Broadcom leading the way. BRCM is up sharply after reporting strong Q1 results and providing guidance that surpassed analyst estimates. After opening nearly 10% above yesterday's close, virtualization software maker VMW was trading well in heavy volume this morning after saying it expected strong revenue Trading in this Market is No Kids' Game ? Posted: 23 Apr 2008 10:57 AM CDT This morning, for our Currency Currents Members, we delved upon the divergence between gold and the U.S. dollar. Ultimately, we feel this relationship could prove crucial to the direction the currency market takes now and a short ways down the road. While correlations are fairly easy to spot, they never seem to be as easy to predict. It certainly isn't child... More About: Forex
Forex Market Update
2008-04-22 16:44:00 ;EURUSD Plant is not Corn Trend Posted: 21 Apr 2008 12:09 PM CDT1 minute with Forex Survivor A. (21 April US) Latest Impact: EURUSD Plant is not Corn Trend EURUSD has planted a daily squeezed triangle that once broken from the base will target 15500 which is of no escape anymore ahead of FOMC next week. It looks like majors will be trading few steps ups and few steps down in a lull environment. B. Signal EURUSD: Short @ 17:30GMT on Tuesday Limit Futures Trading Strategies: Aggressive trading strategy Posted: 21 Apr 2008 10:34 AM CDT In the following examples we will use the e-mini S&P to illustrate our AGGRESSIVE day trading strategy. All trading strategies are based on our ingenious template . Keep in mind that you can increase the daily profits by simply trading multiple contracts. Example: If you want to make $600 per day you... More About: Market , Update
Forex Market Update
2008-04-16 03:48:00 U.S. Forex Market Commentary Posted: 15 Apr 2008 11:07 AM CDT EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5780 level and was capped around the $1.5875 level. The common currency moved to intraday lows early in the North American session following the release of a mixed bag of U.S. economic data. First, it was reported that the New York Federal Reserve Bank's Empire State manufacturing index rose to 0.63 in April from a record low of -22.23 in March, above expectations. Second, the U.S. Forex Market Commentary Posted: 15 Apr 2008 11:07 AM CDT EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5780 level and was capped around the $1.5875 level. The common currency moved to intraday lows early in the North American session following the release of a mixed bag of U.S. economic data. First, it was reported that the New York Federal Reserve Bank's Em... More About: Update
Forex Market Update
2008-04-08 20:09:00 Chart of the Day - GBP/USD Posted: 08 Apr 2008 11:13 AM CDT(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; chart patterns in yellow; Fibonacci retracement levels in grey; 50-period simple moving average in light blue.) 4/08/2008 ? GBP/USD ? Price action on the GBP/USD daily chart, as shown, has just tentatively poked down below a descending triangle. This triangle is outlined on the chart in dotted yellow. Like all triangles, this one represents a price U.K. Housing Stinks Up the Joint; British Pound Tumbles Posted: 08 Apr 2008 10:52 AM CDT We've learned in recent months that the housing situation in the UK is treading the same path as housing in the U.S. This morning we got fresh data that showed a 2.5% decline in UK house prices in the month of March. That's the worst showing since recession hit the Kingdom back in 1992. The pound didn't react well to the news. In fact it's ... More About: Market , Forex , Update
Forex Market Update
2008-03-24 14:06:00 Forex News Posted: 22 Mar 2008 03:37 AM CDT Turbulence on financial markets pushes USD down Risk aversion supports yen US dollar The worsening crisis on the financial market triggered a massive slump of the USD in the past few weeks. The financing difficulties of a hedge fund and the forced sale of the investment bank Bear Stearns aggravated the nervous mood on the markets. The massive inflow of liquidity by the US Fed helped to stabilize the situation a few times, but ultimately, the considerable increase of USD in circulation is What Now for Gold, Oil, Etc? Posted: 22 Mar 2008 03:11 AM CDT In this issue: Thoughts on the Continuing Crisis Margin Clerks of the World, Unite! Where Do We Find New Sources of Credit? In Defense of Alan Greenspan What Now for Gold, Oil, Etc? Baseball, Mexico, and Travel Costs My essay in Outside the Box last Monday seemed to ignite a lot of response in the blogosphere. My basic contention was that the Fed had to act to facilitate the sale of Bear ... More About: Market , Forex , Update
Forex Market Update
2008-03-22 07:00:00 Asia Session Posted: 21 Mar 2008 10:00 AM CDT The final London Session of a very busy week (Easter) has brought a substantial decrease in trading activity. Market conditions are inferior to the backdrop to which we recently have become accustomed over the past two weeks. Both volume and volatility came sporadically, if at all, leaving market players with range bound, illiquid price movement. The only trading we heard of was the closing of positions heading into the holiday weekend. London Gold Market Report Posted: 21 Mar 2008 03:21 AM CDTGold Ends Easter Week 8% Down as Silver Loses 17%, Mining Stocks Drop 15% on US Dollar Bounce From Chris Mullen at GoldSeek.com and Adrian Ash at BullionVault ... Gold Prices plunged all the way to $904.45 by early trade in London on Thursday, but rallied for most of the rest of the session to ended almost $15 off the low with a loss of 2.76% for the day. All major European and US markets then closed for the Good Friday holiday, and London'... More About: Forex , Update
Forex Forecasts
2008-03-21 01:36:00 EURUSD daily outlook - Thursday 03.20.2008 Posted: 20 Mar 2008 02:18 AM CDT The Euro climbed back towards the 1.58 area on yesterday but it failed to hold its gains and collapsed during the U.S. trading session, reaching lows at 1.5583 on yesterday and at 1.5568 during today's Asian session. Although the medium term and longer term trend is bullish, the pair is currently on a corrective phase. The correction may extend all the way down towards the 1.52 area but we will focus on first barriers which may as well limit the downside. First important support is now formed EUR/USD Daily Outlook Posted: 20 Mar 2008 02:11 AM CDT ***************************************** ** INTRA-DAY EUR/USD OUTLOOK : ; &nbs p; 1.5599 Updating time :20 Mar 2008 06:57 GMT Euro's intra-day sideways trading abv 1.5568 sup is expected to continue n mild upside bias re- mains for recovery to 1.5630 but break of 1.5650 is nee... More About: Forex , Forecasts
Forex Market Update
2008-03-20 03:09:00 FOMC continues its aggressive easing policy Posted: 19 Mar 2008 11:55 AM CDT ? The FOMC cut rates by 75 basis points to 2.25%?. ? ... as it for the first time in this cycle resists market pressure for still bigger cut... ? ....and two governors dissent in favour of less aggressive action, pointing to some rift inside FOMC..... ? .... markets react positively even if easing falls short of expectations, suggesting calm may return?.. Hungary: Confusing January nominal wage figures Posted: 19 Mar 2008 11:46 AM CDT According to the CSO, gross average wages in the economy dropped 1.5 y/y in January 2008, while net wages decreased by 0.2% y/y. However, what at first sights seems extremely favorable from the point of view of the inflation development hides a serious one-off distorting effect. Looking at the details of the figure, the point is that in the public sector, gross wages dropped 14.6% y/y in January. This sharp drop can be explained by the fact that in the public sector January ... More About: Market , Forex , Update
Forex Signals
2008-03-17 21:13:00 Pound within HS Most probably Posted: 17 Mar 2008 07:05 AM CDT1 minute with Forex Survivor (17 Mar US) &n bsp; Looking @ GBPUSD chart, I would predict (although it is not my favourite term for trading ? as I don't predict but rather calculate) that head and shoulders are on the make, where already a left shoulder and head have been construed, and what is left is the right shoulder. Pound should stay below 20250 for now. GBPUSD: buy 19850 TP 20pips Trade valid till: 20 Mar Daily Scalping Tip Posted: 17 Mar 2008 06:15 AM CDT SELL EURUSD @1.5747, SL @1.5762, TP @1.5737 Signal Time: March 17, 2008 11:14 GMT STATUS: -ON - EUR/USD - Next target "1.60" as Euro heading to new record highs Posted: 17 Mar 2008 05:51 AM CDT Fundamental The dollar plunged across the board on Monday as new liquidity-boosting measures launched by the Federal Reserve over the weekend failed to assuage ...
Forex Market Update
2008-03-17 10:48:00 Weekly Review and Outlook - Another Record Week for Dollar, No Sign of Bottom Yet Posted: 15 Mar 2008 05:35 PM CDT Action Insight Weekly Review and Outlook Another Record Week for Dollar, No Sign of Bottom Yet It was another record breaking week with EUR/USD scoring new record high of 1.5687. More importantly, violent moves in the market pushed some pairs through important long term levels. USD/CHF took out parity for the first time in life. USD/JPY broke 100 psychological for the first time since 1995. GBP/JPY also broke 200 psychological level. Fed's new Term Securities Lending Facility might have Weekly S&P 500 Technical Outlook Posted: 15 Mar 2008 02:57 PM CDT S&P500..1288.79...The 1326 level continues to provide fairly good resistance and thus, the ST trend on the daily chart remains down despite the fact that it has lost part of its downside momentum. Thus, as long as the said resistance remains intact, we continue to expect a decline twd our downside tar... More About: Market , Forex , Update
Forex Forecasts
2008-03-16 19:50:00 EUR/USD Daily Outlook Posted: 14 Mar 2008 03:01 AM CDT ***************************************** ** INTRA-DAY EUR/USD OUTLOOK : ; &nbs p; 1.5602 Updating time :14 Mar 2008 07:46 GMT Euro's retreat after rising to a marginal high at 1.5652 suggests an intra-day top has been formed there n consolidation with mild downside bias is seen, however, reckon 1.5550 wud contain weakness n sup at 1.5522 wud hold. Sell on recovery with stop as indicated, only abv 1.5652 wud risk EURUSD daily outlook - Friday 03.14.2008 Posted: 14 Mar 2008 02:19 AM CDT The Euro continues to advance higher versus the U.S. dollar setting fresh record highs constantly. The overall sentiments on the greenback remains extremely weak with EURUSD scoring new record highs above the 1.56 mark. With such strong momentum on the Euro we won't even get used to writing "1.5xx" until the pair will be already into the 1.6... More About: Forex , Forecasts
Forex Market Update
2008-03-10 17:25:00 ForexSurvivor Crude Oil Target @ $106.5 Effectuated Posted: 08 Mar 2008 12:00 AM CST 1 minute with ForexSurvivor 650pips Crude Oil Mission Completed (Reminder: 04 Mar 2007) (07 Mar US) Crude Oil: hitting ForexSurvivor Long Term Target @ $106.50/bl before it drops, tells well the volume ForexSurvivor was holding to meet its exact target. Why the market topped @ $106.51 only this week and how ForexSurvivor Long Term Target has been set since months @ $106.50 is something worth to pause a thinking of. * ForexSurvivor archive about crude oil US Market s for Monday, March 10 Posted: 07 Mar 2008 06:44 PM CST Fresh Round of Currency Speculations (reloaded, again) Posted: 07 Mar 2008 04:44 PM CST All bets - introduced by my latest FXstreet.com notes - are still on. However, I'm watching the markets involved even more closely - the precious metals markets, in particular - in the wake of terrific volatility seen this week. Fresh Round of Currency Specu... More About: Forex , Update
Forex Market Update
2008-02-15 17:50:00 Chart of the Day - AUD/JPY Posted: 14 Feb 2008 10:17 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.) 2/14/2008 ? AUD/JPY ? After a significant run-up in the last 3 to 4 weeks resulting from a bounce off the long-term uptrend line, price on the AUD/JPY daily chart, as shown, is approaching a confluence of several different resistance factors. This strong Technical Summary for Majors Posted: 14 Feb 2008 10:11 AM CST EURUSD Remains in a steady recovery following decline from 1.4953 that bottomed at 1.4441. Bulls reached 1.4615 high on 12 Feb, ahead of pullback to 1.4532, where a higher low was left ahead of fresh thrust. Market cleared 1.4615 today, extending to 1.4633, 38.2% of 1.4953/1.4441 decline, before the latest dip occurred. Scope is seen of leaving a higher low above 1.4560,... More About: Forex , Update
Forex Market Update
2008-02-08 02:55:00 European Session- BOE Reduces Rates While the ECB Might Consider Easing Posted: 07 Feb 2008 10:51 AM CST Market Brief The BoE cut key interest rates by 25bp as expected. The rate currently stands at 5.25 per cent. In the heel of this decision came the ECB's decision to hold the lending rates at 4 per cent. This too was widely expected. The attention rapidly turned to the press briefing. Most analysts expected Trichet to intimate that rates could decline later this year if his fears of inflation were to subdue. Indeed, the ECB must now consider the dwindling retail sales and a reeling consumer Matsys D Trade Signals Posted: 07 Feb 2008 10:41 AM CST < Daily Scalping Tip Posted: 07 Feb 2008 10:06 AM CST BUY EURUSD @1.4480, SL @1.4465, TP @1.4490 Signal Time: February 7, 2008 16:05 GMT STATUS: -ON - USD/JPY was at 106.06 from 106.53 yesterday Posted: 07 Feb 2008 09:55 AM CST ? The Rupee ended marginally lower today on account of capital outflow from the domestic... More About: Forex , Update
Forex Market Update
2008-02-06 19:37:00 Chart of the Day - NZD/JPY Posted: 06 Feb 2008 11:23 AM CST (Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; downtrend lines in red; uptrend lines in green; 100-period simple moving average in light blue.) 2/06/2008 ? NZD/JPY ? As the major carry trade pair with the highest interest rate differential, NZD/JPY (the daily chart of which is shown) is displaying some interesting technical characteristics. As carry-traded pairs continue unwinding across the board, we can see that Kiwi/Yen has been exhibiting Daily Scalping Tip Posted: 06 Feb 2008 11:09 AM CST SELL EURUSD @1.4627, SL @1.4642, TP @1.4617 Signal Time: February 6, 2008 17:07 GMT STATUS: -ON - Daily Scalping Tip Posted: 06 Feb 2008 11:07 AM CST BUY EURUSD @1.4632, SL @1.4617, TP @1.4642 Signal Time: February 5, 2008 18:15 GMT STATUS: -WON - European Session - FX Market s Stable Posted: 06 Feb 2008 10:28 AM CST Market Brief Usd was range b... More About: Forex , Update
Forex Market Update
2008-02-05 20:36:00 EURUSD: Extends Its Weakness, Declines Towards Its Rising Trendline Posted: 05 Feb 2008 10:24 AM CST EURUSD - EUR remains pressured to the downside following its failure ahead of the 1.4967 level (2007 peak) and was seen weakening towards its MT rising trendline in early trading today. A test and likely invalidation of there will signal further acceleration of its present decline towards its Jan 01'08 low/.618 Ret (1.4310-1.4921 rally) at 1.4577/45.Trading below there will pave the way for lower prices targeting the 1.4446/86 zone, its .786 Ret/daily 100 ema followed by its Jan 22'08 low at Slowing Euro Services Fuel Dollar Bounce Posted: 05 Feb 2008 10:10 AM CST The dollar rallies across the board after dismal Eurozone services industries data fuels speculation that the much anticipated slowdown in the 15-country area is taking a toll on business sentiment and may cause the European Central Bank to rethink its persistently hawkish rhetoric. Friday's short squeeze in euro long ... More About: Market , Forex , Update
Forex Market Update
2008-01-30 09:12:00 FOMC Rally!! Posted: 29 Jan 2008 11:09 AM CST **Be sure to read my exclusive interview in the February issue of Stocks and Commodities Magazine!! The equity markets soared despite weak housing numbers and anxiety over the upcoming State of the Union Address and FOMC meeting. Much of the buying was likely the result of short covering as opposed to fresh buying, but if you are bull you aren't worried about why but rather how far. The feeling on Wall Street seems to be that with continued weakness in real estate, the Fed may be forced to The Dollar remained under pressure today Posted: 29 Jan 2008 10:57 AM CST ? The Rupee ended flat today as dollar sales by exporter offset the depreciation pressure arising on account of month end dollar demand by oil companies. The USD/INR pair ended at 39.38 same as yesterday. ? The 6-month and 1-year forward premium was at 2.23% and 1.87% as compared to 2.18% and 1.79% yesterday. ? The Dollar remained under pressure today, depreciating sli... More About: Market , Forex , Update
Forex Market Update
More articles from this author:2008-01-23 00:54:00 The Fed may cut rates before the FOMC meeting Posted: 22 Jan 2008 10:55 AM CST? The Rupee ended up today, recovering from a one month low, as it tracked the domestic stock market. Dollar sales by companies and exporters further aided the currency. The USD/INR pair ended at 39.48 from 39.56 yesterday. ? The 6-month and 1-year forward premium was at 1.79% and 1.44% as compared to 1.74% and 1.43% yesterday. ? The Dollar weakened today on rumours that the Fed may cut rates before the FOMC meeting after stock markets world over plunged for a second consecutive day. EUR/USD The Fed may cut rates before the FOMC meeting Posted: 22 Jan 2008 10:55 AM CST? The Rupee ended up today, recovering from a one month low, as it tracked the domestic stock market. Dollar sales by companies and exporters further aided the currency. The USD/INR pair ended at 39.48 from 39.56 yesterday. ? The 6-month and 1-year forward premium was at 1.79% and 1.44% as compared to 1.74% and 1.43% yesterday. ? The Dol... More About: Market , Forex , Update 1, 2, 3 |
|
 |
|
 |
