Category: Forex Trading
The analysis published under this category are as follows.
Wednesday, August 26, 2009
EUR/USD - Range Bound / Currencies / Forex Trading
By: ForexPros
The pair continues to trade within a range starting a few days ago.Read full article... Read full article...
Monday, August 24, 2009
Bottom Formation for U.S. Dollar? / Currencies / Forex Trading
By: Mike_Paulenoff
The next few days of action for the dollar index and the PowerShares DB US Dollar Bull ETF (NYSE: UUP) will be critical to the near- as well as medium-term technical outlook. The ability of the dollar to climb back towards a test of key resistance at 79.50 and 27.70/75 will tell us that the dollar in fact is “using” the month of August to create a significant bottom formation.
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Monday, August 24, 2009
Euro Dollar Minor Support and Resistance Levels / Currencies / Forex Trading
By: ForexPros
Some minor support and resistance levels have developed. A break of those levels is likely to set the tone for the day.
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Thursday, August 20, 2009
Euro Dollar Rally Stalls at Resistance / Currencies / Forex Trading
By: ForexPros
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.
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Wednesday, August 19, 2009
Euro Dollar Just Above Important Support Level / Currencies / Forex Trading
By: ForexPros
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.
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Tuesday, August 18, 2009
Euro Pullback Downside Targets / Currencies / Forex Trading
By: ForexPros
There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point after the breakout.
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Monday, August 17, 2009
EURO DOLLAR Outlook for Today / Currencies / Forex Trading
By: ForexPros
The pair is approaching support between 1.4100 and 1.4120. A bounce off this level indicates a move higher to rest resistance between 1.4260 and 1.4280. A break above indicates another move higher and a test of further resistance at 1.4320.
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Friday, August 14, 2009
Will NZD/USD Currency Bulls Soon Tire? / Currencies / Forex Trading
By: Seven_Days_Ahead
Continuing the theme from the last FX Update on the US Dollar Index and a possible final downleg unfolding there we look at a similar (but reversed) chart structure in NZD/USD where bulls could be steadily scraping towards the bottom of the barrel..
Thursday, August 13, 2009
Euro Dollar Short-term Widening Range / Currencies / Forex Trading
By: ForexPros
The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.Read full article... Read full article...
Wednesday, August 12, 2009
Euro Dollar Short-term Range Breakout / Currencies / Forex Trading
By: ForexPros
A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher.
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Tuesday, August 11, 2009
EUR/USD - Continued EUR Weakness? / Currencies / Forex Trading
By: ForexPros
The EUR lost more ground yesterday dropping below support at 1.4160. That level has now become upside resistance.
A drop below the recent swing lows just above 1.4100 indicates another swing lower and a target of 1.4040. Further support is at 1.4000.
A push above 1.4170 will try to test recent swing highs at 1.4220. Target beyond this on a further rise is 1.4320.
Monday, August 10, 2009
EUR/ USD Set to Continue Fridays Fall / Currencies / Forex Trading
By: ForexPros
Charts are setting up for a continuation of Friday's fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.
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Thursday, August 06, 2009
Currency Range Trading Continues / Currencies / Forex Trading
By: ForexPros
EUR/USD
The pair continues to range after strong moves a few days ago.
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Tuesday, August 04, 2009
The Decline of the US Dollar in the Forex Markets / Currencies / Forex Trading
By: Andrew_Abraham
It has been a negative period for the US dollar in the Forex Markets. When we are trend following we really do not look at the fundamental back drop ,but it seems evident. Look at it this way… with all the debt taken on and more spending by Govt, it doesn’t make sense? If we personally ran our households this way, we would not be living in our households.
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Monday, August 03, 2009
EUR/USD Signals Another Swing Higher / Currencies / Forex Trading
By: ForexPros
After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300. A break above 1.4320 signals another swing higher. Initial resistance is at 1.4340 with targets beyond of 1.4400, 1.4450 and ultimately 1.4600 (not necessarily today).
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Sunday, August 02, 2009
EUR/USD Short Term Top- Selling Opportunity at Market Open? / Currencies / Forex Trading
By: Joe_Gelet
EUR/USD could retrace to 1.4190 based on the following factors:
Thursday, July 30, 2009
Early Reversal Signs in EUR/USD / Currencies / Forex Trading
By: Seven_Days_Ahead
Following an early July high of 1.4337 we had, for various technical reasons, adopted a somewhat speculative bear stance in EUR/USD. After an initial move down (to our first ‘profit-taking’ level) subsequent consolidative action eventually sidelined us – but now, the negative signs are creeping back again…
Thursday, July 30, 2009
Euro Breaks Below Support / Currencies / Forex Trading
By: ForexPros
The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.
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Thursday, July 30, 2009
Donchian’s Holy Grail & Trading Guides for Commodity trading & Forex Markets (First published- 1934) / InvestorEducation / Forex Trading
By: Andrew_Abraham
Follow these and compound your way to wealth:
Beware of acting immediately on a widespread public opinion. Even if correct, it will usually delay the move.
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Wednesday, July 29, 2009
EUR vs. USD Currency Forecast Into 2010 / Currencies / Forex Trading
By: EliteGlobal
EUR vs. USD formed a rectangular pattern during July 2008 to till date and awaiting for the upside breakout at 1.44 levels. Once it breaks the 1.44 levels, US dollar will depreciate to 1.64 against euro. Due to global economic recovery, investor seeking commodities and equities rather than invest in US dollar.