Guest forexpros Posted August 19, 2009 Share Posted August 19, 2009 Learn how to trade support, resistance, and chart patterns and market cycle analysis to help you find trading set ups. Learn how to filter trade set ups for the best set up and understand triggers as well as market cycle analysis to improve your entries and trade selections. http://www.forexpros.com/currencies/eur-Euro'>http://www.forexpros.com/currencies/eur-Euro Dollar The pair is currently just above an important level between 1.4130-1.4120. A drop below , especially with confirmation from penetration of 1.4100, is likely to test 1.4050. The target and support beyond is at 1.4000. A rise above 1.4180 indicates a move to test the downward sloping hourly trend line in the 1.4240 area. A break above indicates a long-term upward move, but will find resistance in the region of 1.4300 http://www.forexpros.com/currencies/usd-jpy'>http://www.forexpros.com/currencies/usd-jpy Looking at the recent decline of the pair on the hourly chart, it can be seen the pullbacks (higher) have become weaker over the last several days. Selling pressure has also eased but the current trend is still down. Containment within the area of 95.30-94.10 is quite likely. After aggressive moves higher and then back down over the last couple weeks price action contained within this range is quite probable. If the pair does move out of the range, bias is to the downside. A break below 94.10 indicates a further slide with a target of 93.20 (not necessarily today). Support is above this at 93.80 and is expected to hold today. A move above 95.30 is less likely. Resistance is at 95.50 and 95.80 http://www.forexpros.com/currencies/jpy'>http://www.forexpros.com/currencies/jpy Yesterday the pair tested and respected an old upward sloping trend line (broken last week), quickly retreating. In early trading today it has taken another run at the trend line and the highs for yesterday but has so far failed. This makes a further slide probable. Initial support is at 133.40 and 133.10. A break below this level indicates a move for 132.50. Further support is at 132.00. A rise above 135 is less likely, but will initially target 135.50. Target and resistance beyond is at 136.00 http://www.forexpros.com Forex Trading analysis by ForexPros - Written by Cory Mitchell --- 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 - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved http://www.forexpros.com/technical/technical-studies Technical Studies Section Link to comment Share on other sites More sharing options...
skylady Posted August 20, 2009 Share Posted August 20, 2009 Moved to original Thread, forexpros... Forexpros.com Daily Analysis - 20/08/2009Forexpros.com Daily Analysis Aug 20, 2009 Next Thursday - Two free webinars in one day! Trend Identification in the Currency Markets With expert Dan Cook Date: Thu, Aug 27, 2009, 11:00 EST Watch How the Pros Trade! With expert Richard Regan Date: Thu, Aug 27, 2009, 17:00 EST Click here to join the webinars. --- Euro Dollar 1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday. Currently the pair appears to be forming a continuation pattern. But a break below 1.4180 is likely to see a further slide. Support is at 1.4150, 1.4120 and 1.4100. A move higher is more likely at this point. If 1.4260 is exceeded it indicates another move higher. Initial target is 1.4310 followed by 1.4380. --- USD/JPY The pair continues to decline, falling through support yesterday before bouncing to retest that former support level in late trading. Currently the pair is pushing at resistance. A push above 94.50 indicates at least a brief move higher into the 94.70 region, and if surpassed 95.00. There is little support in a decline until 93.80 followed by 93.40. --- Forex trading analysis by Forexpros.com - Written by Cory Mitchell --- 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...
skylady Posted August 24, 2009 Share Posted August 24, 2009 Moved again to ORIGINAL Thread: Forexpros.com Daily Analysis Aug 24, 2009 09:02 AM Free webinar on Thursday Aug. 27, 2009 Trend Identification in the Currency Markets With expert Dan Cook Date: Thu, Aug 27, 2009, 11:00 EST One of the oldest sayings in the financial markets is "The Trend is your Friend, always Trade with the Trend". At first, that may sound easy enough; but, what is "the trend"? The goal of this webinar is to help sort out some of the confusion surrounding this concept. Click here to join the webinar. --- Euro Dollar Some minor support and resistance levels have developed. A break of those levels is likely to set the tone for the day. A rise above 1.4360, especially if confirmed by a push above 1.4375, indicates a further move higher. Resistance is expected near 1.4400, 1.4440-1.4450, and by 1.4530. A drop below 1.4320 will gravitate towards 1.4300. If it holds up well, expect movement back towards 1.4360. Support beyond 1.4300 is 1.4280-1.4270, 1.4200 and 1.4160. --- [uSD/JPY - Short-term Trend Change Last week ended with a bullish engulfing pattern (daily chart), indicating stregnth to the upside early this week. The start of trading this week has confirmed this as the rate pushes above recent swing highs. Target on the upside is 95.20 with some resistance expected in the 95 area. Minor support is expected at 94.65, 94.35 and 94.20-94.15 on corrections. --- Forex trading analysis by Forexpros.com - Written by Cory Mitchell --- 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 September 23, 2009 Share Posted September 23, 2009 Forexpros Daily Analysis Sep 23, 2009 Free webinar - The Ichimoku Cloud Expert: Chris Capre When: Thu, Oct 1, 2009, 12:00 EST A Trend, Volatility and Oscillator combined, the Ichimoku Kinko Hyo is a unique indicator which gives dynamic support and resistance levels, trend direction/strength, volatility levels and clear/precise rules for entry and exit parameters. Combine all those weapons and you have a powerful method for trading the global markets. In this webinar we will talk about how you can find filtered intraday trending moves, spot upcoming weaknesses in an instrument, and find unique trading opportunities through Kumo Analysis. Click here to join the webinar. --- Euro Dollar As expected, the Euro reached 1.48 for the first time this year, and also reached the first target suggested in yesterday's report, which leaves the second target 1.4901 ahead of us, could we see it today? The current advance is still climbing (slowly we might add) without showing exhaustion, and the top of the current channel is at 1.49, these thing support the probability of going up. On the other hand, a divergence case on the RSI is developing as we speak, supporting the opposite scenario. These mixed signals could go in harmony if we manage to go up to 1.4901 first then go down to solve the divergence. The most important resistance for short-term is 1.4824, and breaking it is the key to hit 1.4901. the most important support for the short-term is 1.4783, and breaking it would threaten the Euro with a drop to the important 1.4698. Only if we break this support we can start talking about the big correction for the whole move up from 1.4176, because such a discussion before that break would be completely premature. Support: • 1.4783: short-term support. • 1.4698: Fibonacci 61.8% for short-term (for the rise from 1.4610). • 1.4646: Friday's low, and the support area that showed strength recently. Resistance: • 1.4824: previous daily high. • 1.4901: previous daily high. • 1.4962: previous daily high. --- USD/JPY The Dollar-Yen broke the support area 91.60-91.63 to go back into the negative territory again, and to drop more than 110 pips after the break. With that, we came to the end of the rising adventure that stopped at 92.50, and the downtrend came back to dominate. But, stopping near the support 90.51and holding above it, means that there is an existing possibility for another rise, without breaking 90.51. If price manages to hold above this support, there would be a good chance to test a number of important resistance levels most important of which is 91.74. we prefer waiting for a break of 91.74 or 90.51, since we believe that breaking any of those levels will decide the direction of the next move. If we break 91.74, we would be on the road again to 92.50. And if we break 90.51 the downside pressure will come back to drive the price gradually to test (and may be break) the psychological level 90, and to move towards targets below it, first of which is the important support area 89.68-89.78. Support: • 90.51: the previous support that stopped the current drop. • 90.11: Sep 16th low. • 89.68/78: important support area containing the lows of Feb 11th, 12th & Dec 29th 08. Resistance: • 91.25: Fibonacci 38.2% for the short-term. • 91.74: Fibonacci 61.8% for the short-term. • 92.70-92.80: previous support area which contains a number of daily lows in the past few months. --- Forex trading analysis by Forexpros - Written by Munther T. Marji --- 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 - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. Link to comment Share on other sites More sharing options...
Guest forexpros Posted October 1, 2009 Share Posted October 1, 2009 Forexpros Daily Analysis, Oct 1, 2009 Free webinar today! - The Ichimoku Cloud Expert: Chris Capre When: Thu, Oct 1, 2009, 12:00 EST A Trend, Volatility and Oscillator combined, the Ichimoku Kinko Hyo is a unique indicator which gives dynamic support and resistance levels, trend direction/strength, volatility levels and clear/precise rules for entry and exit parameters. Combine all those weapons and you have a powerful method for trading the global markets. In this webinar we will talk about how you can find filtered intraday trending moves, spot upcoming weaknesses in an instrument, and find unique trading opportunities through Kumo Analysis. Click here to join the webinar. --- Euro Dollar The Euro is testing at this very moment the short-term support 1.4563, after dropping hard in the last half hour. This support is the last barrier before testing Fibonacci 50% which is at 1.4509. Short-term resistance is 1.4622, and breaking it would give another attempt to reach 1.47 (after yesterday's attempt). If 1.4563 is broken, then the falling correction will try to reach Fibonacci 50% support at 1.4509, or Fibonacci 61.8% at 1.4430. In this case, this support in particular will become the most important support for the medium term, since breaking it would mean that this drop is more than just a correction, and that the uptrend which started at 1.4176 is already over. On the other hand, if we break 1.4622 we will head first to the resistance area that stopped the price twice yesterday and during the Asian session 1.4668-1.4672. We do not expect a lot of trouble here, on the contrary we would expect to pass it, and reach 1.47 and above, especially the important resistance 1.4720. Support: • 1.4563: short-term support. • 1.4509: Fibonacci 50% for the rise from 1.4176 to last week's top 1.4842. • 1.4430: Fibonacci 61.8% for the rise from 1.4176 to last week's top 1.4842. The most important support for the medium-term. Resistance: • 1.4622: short-term resistance. • 1.4720: the resistance area that stopped the Euro from rising 3 times late last week. • 1.4776: previous resistance. --- USD/JPY Yesterday's drop stopped with great accuracy at what we called "the most important support" 89.31 (yesterday's low was 89.34). And today, 90.20 will still be the most important resistance. If the dollar fails to break it, this pair will go back to falling, after that sharp bounce from 88.22. But, a break of 90.20 would give a chance to approach 91 since the first important resistance in these areas 90.90. Just above that there is the most important resistance, the limit of the downtrend 91.01, which represents the falling trendline from August 9th top, and just below it there is the moving average SMA100. The most important support for today is 89.31 which is Fibonacci 50% for the rise from post-open low. If we break 89.31 that would mean we are on our way to break the 8-month low at 88.22, in this case 87.97 and 87.10 look like the most possible targets of the next leg down. Support: • 89.31: Fibonacci 50% for the short-term. • 88.56: previous intraday support. • 87.97: Jan 23rd low. Resistance: • 90.20: the previous support that stopped the current rise, and a support area that includes the daily lows of 11th & 16th of the month. • 90.90-91.01: previous intraday support/resistance, plus the falling trendline from Aug 9th top. • 91.82: previous support/resistance. --- Forex trading analysis by Forexpros - Written by Munther T. Marji --- 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 - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. Link to comment Share on other sites More sharing options...
Guest forexpros Posted October 14, 2009 Share Posted October 14, 2009 Forexpros Daily Analysis Oct. 14, 2009 Free webinar - Get to grips with Position Sizing Expert: Tony Beckwith When: Thu, Oct 29, 2009, 12:00 EST Tony Beckwith of specialist risk control software firm MTPredictor returns to explain how to get your forex trade size right to cope with winners - and why it is imperative to do so! Click here to join the webinar. --- Traders in the U.S await tomorrow's publication of the Department of Labor's monthly CPI measurement (Oct 15). The Core Consumer Price Index (CPI) measures the changes in the price of goods and services excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in the US. A higher than expected reading should be taken as positive/bullish for the USD (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the USD. Analysts forecast no change in the current rate, standing at 0.10% --- Euro Dollar Finally, the Euro reached new tops for this year, and came very close to our favorite target 1.4901 (the high until this very moment is 1.4898). By taking a look at the drawn channel we find that the important question now is will 1.50 be the next stop? To answer this question, we must estimate the strength of the resistance levels in this area, especially 1.4901 & 1.4953. We expect that in case of a break 1.4901, the Euro will be able to reach 1.50. But, if 1.4901 succeeds in capping the price, what will be expected is a correction for the move up from 1.4672 (at least), which is expected to drop the price back to 1.4793 first, and if broken, we can expect more drop. The important support now is the nearby 1.4872, a break would signal that a correction of some kind has started. To summarize: 1.4901 is resistance of the day, a break would lead to 1.50, while the support of the day is 1.4872, and a break here would lead to 1.4793 as the first important stop, and if broken we will head to the important support on the intraday charts 1.4755. Support: • 1.4874: short-term support. • 1.4793: Fibonacci 61.8% for the short-term. • 1.4755: the rising trendline from 1.4480 on the intraday charts. Resistance: • 1.4901: previous daily high. • 1.4953: previous daily high. • 1.5000: the top of the rising channel on the hourly chart. --- USD/JPY The Dollar-Yen dropped to 89 again, and we might see it test 88.68 today. But before that, we need to see a break of 88.96, which is the most important support for the short-term, and if broken the direction would be down to test the important support 88.68, which must hold to prevent another attempt to test 87.97 which survived last week's attempt for a break. We will still pay attention towards the trendline on the hourly chart, which is currently at 90.27, and if it is broken, then the Dollar would be invited to show how deep its real strength is over a series of resistance areas starting at 90.67 and reaches 91.63. The resistance that is attached to this line is 90.27, and if broken, then the line is broken, and the next stop would be 90.67 which is an important stop on the way to the most important stop in these areas 91.63. Support: • 88.96: short-term support. • 88.68: support area that supported the price twice this month. • 87.97: Jan 23rd low. Resistance: • 90.27: the falling trendline on the hourly chart. • 90.67: previous support. • 91.12: previous support & resistance area. --- Forex trading analysis by Forexpros - Written by Munther T. Marji --- 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 - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. Link to comment Share on other sites More sharing options...
Guest forexpros Posted December 1, 2009 Share Posted December 1, 2009 Forexpros Daily Analysis Dec 01, 2009 Special Webinar on Forexpros: Strategic & Tactical FOREX Trading Hosted by: Wayne McDonell of FXBootcamp Thu, Dec 3, 2009, 11:00 EST In this educational presentation you will learn how to use technical analysis to align market and price forces for better trading opportunities with potentially less risk. Trade planning, with the use of moving average entries and pivot point exits, will be discussed in an easy to understand "how to" manner. Click here to join the webinar. --- Fundamental News: The U.S Department of Labor will release The ADP Nonfarm Employment Change report tomorrow (Dec 2) The ADP National Employment Report is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data , is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict tomorrow's measure to stand at -148.00k, a substantial change from last month's -203.00k. For more fundamental news, check out the Forexpros Economic Calendar --- Euro Dollar: The Euro broke the support 1.5043 but it only reached 1.4970, without testing the important support area 1.4955-1.4924. And now, it is going back up, closing on almost the same levels that we were at yesterday’s morning. Te price tried to break 1.4970 twice, yesterday, then in the Asian session, without succeeding in doing that. This indicate that this support is important, but we will adopt 1.4985 as support of the day. Where the resistance is found at the falling trendline from last week’s top 1.5143, and that line is currently at 1.5050. Breaking any of them would deliver the next move direction. Breaking 1.5050 will lead to a test of this year’s high 1.5143 once again, and may be 1.5200 after that. Breaking the support 1.4985 would target Fibonacci 61.8% for the short-term at 1.4924, and this is a crucial support, if broken we will target 1.4867. Support: • 1.4985: intraday support. • 1.4924: Fibonacci 61.8% for the short-term. • 1.4867: important intraday support from last week. Resistance: • 1.5050: the falling trend line from 1.5143 (this year’’s high and last week’s top). • 1.5144: resistance area from 2008. --- USD/JPY: Dollar-Yen broke through both the resistance & support without creating any major moves, except for nearing the first target 87.50 after breaking the resistance 87.00. the current rise is invited to show strength at Fibonacci 61.8% at 87.50, and if it succeeds in doing so, then a test of the bottom of the supposed wedge formation at 88.33 is to be expected, and if this important resistance is also broken, the next target will be the top of that formation which is currently at 88.84. today’s support is yesterday’s resistance 87.00, and breaking it would mean a continuation of the downtrend after some rising bounces. This trend would target the rising trendline from last week’s bottom on the hourly chart, which is currently at 86.44, first, then yesterday’s low 85.84. The trend is down, and the Yen strength is still expected, but we should be aware of the possibility of interventions by the Japanese government that would left this pair many steps up! Support: • 87.00: short-term support. • 86.44: the rising trendline from Thursday’s low. • 85.84: yesterday’s low. Resistance: • 87.50: Fibonacci 61.8% short-term (for the move from 89.17 to 84.81). • 88.33: the bottom of the supposed wedge formation. • 88.84: the top of the supposed wedge formation. Forex Trading Analysis by 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. Link to comment Share on other sites More sharing options...
Guest forexpros Posted May 11, 2010 Share Posted May 11, 2010 ForexPros Daily Analysis May 11, 2010 --- Free webinar on ForexPros - "Money Management for Forex & Futures" Expert: Mark Hodge, Rockwell Trading When: Wed, May 12, 2010, 10:00 EST Money Management is one of the keys to becoming a consistent and self-sufficient trader. But many traders are unaware of what money management really is and how it can have a dramatic effect on growing and protecting their trade equity. In this FREE webinar, Mark Hodge (Head Coach of Rockwell Trading) will cover the following important topics: * What money management is and what it isn't * Share several different money management techniques * Show why Fixed Ratio Money Management is his favorite This webinar is #2 in a 3-part educational series brought to you by Rockwell Trading. Click here to join free. --- Fundamental Analysis: German GDP European traders anticipate the publication of the German GDP. The Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a future reading of 0.00%. --- Euro Dollar The Euro broke the resistance specified in yesterday’s report 1.2966 and jumped more than 125 pips, and came close to our suggested target 1.3105 (yesterday’s high was 1.3092). Then it completely collapsed, dropping back to break the support 1.2900, and reaching the first suggested target 1.2795, it then came close to the second suggested target 1.2690 (the low until the moment of preparing this report is 1.2706). These big & massive moves give us a lot of excitement, but they also increase risk. They may stop just before their targets, and switch direction violently, like what we have seen yesterday just ahead of 1.3105. Thus, we all should stick to strict money management rules, in order to avoid potential hard hits that may occur to us. Today’s support is at 1.2706, it is the lowest point after yesterday’s top. If broken, we will target 1.2608, which is probably the last important level before last week’s and one-year low 1.2511. The resistance is at 1.2801, breaking it would target the important Fibonacci level 1.2899 then the most important Fibonacci level 1.2945. Support: • 1.2706: Asian session low. • 1.2608: important intraday low. • 1.2511: last week’s & one-year low. Resistance: • 1.2801: important intraday top. • 1.2899: Fibonacci 50% for the drop from 1.3092. • 1.2945: Fibonacci 61.8% for the drop from 1.3092. --- USD/JPY The Dollar/Yen’s is back to slow, small, and boring moves! But it has reached a new top at 93.50, before going back below 93. Today’s important levels are close to each other. The resistance is at 93.15 & the support is at 92.57. We will be waiting for one of these two levels to give way. If 92.57 gives way, a correction for this rocking jump will start, with its first target at 91.40 and the second important target is at 90.75. The resistance is at 93.15, and if broken the price will jump to the resistance that we find very attractive 93.96. If this one is also broken, 95 will become near, as we will target 95.05. In the next few days, important evidence on medium term direction will emerge, and we will be on the watch for them. Support: • 92.57: intraday support. • 91.40: Fibonacci 38.2% support for the rise from Thursday’s low. • 90.75: Fibonacci 50% support for the rise from Thursday’s low. Resistance: • 93.15: the falling trend line from yesterday’s tops. • 93.96: previous hourly resistance. • 95.05: Aug 24th high. --- Forex Trading Analysis written by Munther Marji 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 May 12, 2010 Share Posted May 12, 2010 ForexPros Daily Analysis May 12, 2010 --- Free webinar on ForexPros - "Money Management for Forex & Futures" Expert: Mark Hodge, Rockwell Trading When: Today, May 12, 2010, 10:00 EST Money Management is one of the keys to becoming a consistent and self-sufficient trader. But many traders are unaware of what money management really is and how it can have a dramatic effect on growing and protecting their trade equity. In this FREE webinar, Mark Hodge (Head Coach of Rockwell Trading) will cover the following important topics: * What money management is and what it isn't * Share several different money management techniques * Show why Fixed Ratio Money Management is his favorite This webinar is #2 in a 3-part educational series brought to you by Rockwell Trading. Click here to join free. --- Fundamental Analysis: Initial Jobless Claims Traders of the US anticipate the publication of the Initial Jobless Claims. The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report. The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired. On a week-to-week basis, claims are quite volatile. Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Analysts predict a future reading of 440.00K. --- Euro Dollar The Euro broke the support specified in yesterday’s report 1.2706 and successfully reached the first suggested target, stopping only 4 pips below it! Today, yesterday’s target have turned into the most important support, because it managed to stop the latest episode of the falling series which started close to 1.3105 Fibonacci level that we have talked about previously. If the price holds above this support, it will finally have a break, and we could see a rising correction after this drop of more than 500 pips in less than 48 hours! Today’s resistance is at 1.2693, and breaking it would indicate we are already in a rising correction for the whole drop from 1.3092. The ideal targets for such a correction are 1.2790 & 1.2848, which we will focus on for today. Later, the price may reach the third and ideal target for this correction at 1.2906. Support is as we said, at the target which was met yesterday 1.260, and breaking it would drag the price to 1.2511 then to a fresh cycle low at 1.2455. Support: • 1.2608: important intraday low. • 1.2511: last week’s & one-year low. • 1.2455: Mar 4th 2009 low, an important bottom. Resistance: • 1.2693: important intraday top. • 1.2790: Fibonacci 38.2% for the drop from 1.3092. • 1.2848: Fibonacci 50% for the drop from 1.3092. --- USD/JPY The Dollar/Yen’s is back to slow, small, and boring moves! It barely completed 90 pips from the low to the high in the past 24 hours, which is very frustrating. Today’s important levels are close to each other. The resistance is at 92.87 & the support is at 92.30. We will be waiting for one of these two levels to give way. If 92.30 gives way, a correction for this rocking jump will start, with its first target at 91.40 and the second important target is at 90.75. The resistance is at 92.87, and if broken the price will jump to the resistance that we find very attractive 93.96. If this one is also broken, 95 will become near, as we will target 95.05. In the next few days, important evidence on medium term direction will emerge, and we will be on the watch for them. Support: • 92.30: intraday support. • 91.40: Fibonacci 38.2% support for the rise from Thursday’s low. • 90.75: Fibonacci 50% support for the rise from Thursday’s low. Resistance: • 92.87: the falling trend line from Monday’s tops. • 93.96: previous hourly resistance. • 95.05: Aug 24th high. --- Forex Trading Analysis written by Munther Marji 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 May 13, 2010 Share Posted May 13, 2010 ForexPros Daily Analysis May 13, 2010 --- Free webinar on ForexPros - “Can You Really Make a Living with Trading?” Expert: Markus Heitkoetter, Rockwell Trading When: Wednesday, May 26, 2010, 10:00 EST In this webinar Markus Heitkoetter CEO of Rockwell Trading and author of the International Bestselling book "The Complete Guide to Day Trading", will teach you what it takes to make a living with trading: 1. Planning Your Way to Financial Freedom 2. Your Trading Business – Overview and Feasibility Study 3. Money Management 4. Monitor Your Success and Making Sure You Are On Track This webinar is #3 in a 3-part educational series brought to you by Rockwell Trading. Click here to join free. --- Fundamental Analysis: Core Retail Sales Traders of the US anticipate the publication of the Core Retail Sales. The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a future reading of 0.50%. --- Euro Dollar The Euro broke the resistance specified in yesterday’s report 1.2693, but could not climb more than 45 pips after that, before tumbling down & approaching 1.26. But this decline, has found our favorite support which we talked about yesterday, waiting! The drop stopped at 1.2610, only 2 pips above the all important 1.2608. Today, this support will still be the most important support, because it managed to stop the drop twice: the first late in Tuesday’s Asian session, and the second shortly after the US markets closing on Wednesday. If the price holds above this support, it will finally have a break, and we could see a rising correction after this drop of more than 500 pips in less than 48 hours! Today’s resistance is at 1.2688, and breaking it would indicate we are already in a rising correction for the whole drop from 1.3092. The ideal targets for such a correction are 1.2790 & 1.2848, which we will focus on for today. Later, the price may reach the third and ideal target for this correction at 1.2906. Support is as we said, at the all important 1.2608, and breaking it would drag the price to 1.2511 then to a fresh cycle low at 1.2455. Support: • 1.2608: important intraday low. • 1.2511: last week’s & one-year low. • 1.2455: Mar 4th 2009 low, an important bottom. Resistance: • 1.2688: Fibonacci 61.8% for the drop from yesterday’s top. • 1.2790: Fibonacci 38.2% for the drop from 1.3092. • 1.2848: Fibonacci 50% for the drop from 1.3092. --- USD/JPY The Dollar/Yen’s slow rise, has stopped accurately at the previous support 93.27 as you can see on the attached chart. But, the most important resistance around here is still 93.49. Here is where all out attention must be placed. After several extremely boring days, which no meaningful moves at all, we could see excitement back in the game, if this level s broken. In this case, the price will not target the attractive 93.96, but it will not settle for anything below 94, where the well known support/resistance area 94.31 will be waiting, to act as a first target for this break. If the climb goes on it will shoot for 95.05. On the other hand, the support is provided by the rising trend line from 90.83 on intraday charts, which is a line that has supported the price for six days now. If it gets broken, the Dollar will get a hard hit, leading it to 91.40 first, and then to 90.75. Support: • 93.07: the rising trend line from 90.83 on intraday charts. • 91.40: Fibonacci 38.2% support for the rise from Thursday’s low. • 90.75: Fibonacci 50% support for the rise from Thursday’s low. Resistance: • 93.49: previous hourly resistance, very close to Monday’s top. • 94.31: previous hourly support. • 95.05: Aug 24th high. --- Forex Trading Analysis written by Munther Marji for Forex Pros. --- 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...
Andry Posted December 25, 2010 Share Posted December 25, 2010 Forexpros is giving our members information that is of use to them in the Forex world... This is one of our oldest posters in Forex... What you do with it is up to you, but you may not make these type of posts to boost your post rating or they will be deleted... skylady Seems like there is no one who is interesting with offering in here. Maybe you should find out another way to attract trader to join in your broker, maybe with giving them some bonuses, lower spreads or anything. Marketiva and InstaForex gave some bucks as capitals for free, maybe this broker can try that way too. Link to comment Share on other sites More sharing options...
Brendan Hill Posted August 23, 2019 Share Posted August 23, 2019 On the off chance that you buy the EUR/USD, you are holding for the US Dollar to wind up useless per Euro after some time. The Euro must wind up worth more money in dollars for you to make a benefit. A forex brokerage offers you an approach to get in with the general mish-mash including the financial system and buy a currency pair to hold simply. Before there were forex brokers, individuals wishing to exchange foreign currency needed a lot of money and an exceptional relationship with a bank to buy foreign currencies. Link to comment Share on other sites More sharing options...
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