Guest forexpros Posted November 2, 2010 Share Posted November 2, 2010 ForexPros Daily Analysis November 02, 2010 Pound Trying to Break Range, Yen Near All Time Low --- Euro Dollar The euro is in a range, in a wedge. The range is narrowing into a wedge.Euro is holding extension long setup at 1.3748, with target at 1.4355.Larger multi year short at 1.3396, is acting as resistance. Near a clear break of 1.416 or 1.369 for direction. On a 15 min chart, euro holding a dirty long (setup broke in its previous measured move long). Target is 1.4075. --- GBP/USD Looks stronger than the euro, and is knocking at the top of its range. Pound is in long setup at 1.5704, with target at 1.6297, which coincides with target of longer term long from 1.539. The multiyear short, 61.8% line at 1.5967 has acted as strong resistance. On 15 min chart, the pound has been in measured moves longs and is currently holding and front running the long at 1.5983, with target at 1.614. --- USD/JPY Yen hit new yearly low at 80.23 and close to breaking all time lows at 79.7. This is a major area of support and we must remain alert for possible Bank of Japan intervention. Trade carefully.On the 15 min chart. In measured moves short, off 50% at 80.75, target at 80.116. Larger 50% at 81.108, with target at 79.823. --- Forex trading analysis written by Diana Rochford for Forexpros. --- 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 8, 2010 Share Posted November 8, 2010 ForexPros Daily Analysis November 08, 2010 Forex Analysis For EUR/USD, GBPUSD and GBP/JPY 1) Forex Trading Signal For GBPJPY Forex Trend Analysis The overall trend for this pair is DOWN for the week. Forex Technical Analysis Weekly Chart For the GBPJPY, the price failed to break below the support level of 126.791 last week and has move upward toward its resistance level. The trend channel resistance level is pretty strong as it has been retested several times before. (See Middle Top Attached Picture) 4 Hourly Chart An upward trend channel has been formed on this time frame which is opposite to the trend channel formed on the weekly chart. At the time of writing, the price has hits the resistance level and is moving down. Hourly Chart On the hourly chart, you well see the formation of a MACD negative divergence which is a sign that the price will move down. (See Bottom Attached Picture) Overall Forex Analysis The MACD negative divergence on the hourly chart is in confluence with the price hitting the resistance level on the 4 hourly chart. Therefore there is a high chance that the price will move down and there is an opportunity to go SHORT. 2) Forex Trading Signal For EURUSD Forex Trend Analysis The overall trend for EURUSD is bullish for the week. Forex Technical Analysis Weekly Chart The formation of several spinning tops and inverted hammer shows that the price is in a state of indecision and maybe looking to move back down. However the down move is being supported by a Fibonacci 0.382 level. (See Top Right Attached Picture) Daily Chart Last week, the price has finally fulfilled its full Fibonacci extension by hitting the 1.618 level. Overall Forex Analysis There are opportunities to go SHORT this week due to the reversal candlestick patterns as well as the price fulfilling its full Fibonacci run. 3) Forex Trading Signal For GBPUSD Forex Trend Analysis The overall trend for this pair is UP for this week as there is a strong upward trend on the hourly, 4 hourly and daily charts. Forex Technical Analysis Weekly Chart There is a Gartley pattern formation on this pair and there is a trading opportunity at 1.77860. (See Top Left Attached Picture) Hourly Chart At the time of writing, the price has broken below a trend channel formation and it constitutes a breakout trade. However it is too late to enter any trade now and if you are interested in trading this breakout, you can wait for the price to come back to retest this trend channel. Overall Forex Analysis In the short run, you can trade the breakout but in the long run, it seems that the price is heading up towards the 1.77860 level and you should be looking to trade the Gartley pattern I will keep you updated about the Gartley pattern formation again. --- 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 9, 2010 Share Posted November 9, 2010 ForexPros Daily Analysis November 09, 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 --- Euro, Pound Pulling Back to Next Long Setup. Yen Still in Short Technically we are still in long setups. We are pulling back to the next long, ready for the next leg. Hard to say otherwise until we break below these levels. Euro: The next extension long is at 1.3808. The line in the sand is 1.3696. A move below here may indicate a larger pull back. The target on the new long is 1.4503. On the 15 min chart, we are in measured moves short. The euro reacted off it short (third measured move) at 1.3901, with a target at 1.3821. We are below the daily pivot at 1.3963, which may keep pressure on the shorts. At the moment S1 at 1.3842 is holding the market. Pound: Hit its target on the daily chart and is now pulling back into its next long setup. The next traditional long setup is at 1.5976, with target at 1.646. Extension long is at 1.6, with 61.8% at 1.6053. If this breaks it can indicate it will pullback to its traditional long at 1.5976. On 15min chart, between short at 1.6163 and long at 1.6079. Daily Pivot at 1.615 may place downwards pressure. Need to breakout either way to confirm direction. Yen: Still in a short setup. Reacting off its next extension short at 81.49, with a target at 79.56. --- 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 10, 2010 Share Posted November 10, 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. --- 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. --- 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 15, 2010 Share Posted November 15, 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. --- 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 18, 2010 Share Posted November 18, 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 22, 2010 Share Posted November 22, 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 24, 2010 Share Posted November 24, 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. Link to comment Share on other sites More sharing options...
Guest forexpros Posted November 30, 2010 Share Posted November 30, 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. Link to comment Share on other sites More sharing options...
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