Category: Forex Trading
The analysis published under this category are as follows.Thursday, July 30, 2009
Donchian’s Holy Grail & Trading Guides for Commodity trading & Forex Markets (First published- 1934) / InvestorEducation / Forex Trading
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
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.
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Wednesday, July 29, 2009
The Forex Trading Conundrum / Currencies / Forex Trading
It’s difficult to know what one can say publicly about Forex. If performance is mentioned, it should first be approved by the NFA (as should any marketing material). Comments from insiders and partners are told in trust that it will not be repeated.
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Tuesday, July 28, 2009
EUR/USD Range Trading Continues / Currencies / Forex Trading
Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.Read full article... Read full article...
Tuesday, July 28, 2009
Why Weekly Charts are Crucial for Trading Forex Markets / Currencies / Forex Trading
Today I'm going to be looking into why weekly charts are so important in the Forex market.
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Monday, July 27, 2009
EUR/USD Range Breakout? / Currencies / Forex Trading
We are still in a range which started last Monday, and we have seen two false breakouts in that time.Read full article... Read full article...
Sunday, July 26, 2009
Stocks Broke Out, Will Currencies Follow? / Stock-Markets / Forex Trading
Over the last couple of weeks, we have mentioned numerous times the strong correlation between the U.S stock market and certain currency pairs. Since the beginning of March 2009, stocks have rallied, restoring traders' confidence, while risk appetite has increased dramatically, pushing carry trades higher. Last week the S&P500 soared through recent resistance of 950, after approximately 40% of its components released their earnings.
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Saturday, July 25, 2009
Follow the Money: EuroDollar at Critical Juncture / Currencies / Forex Trading
After a 12% nearly vertical run to new highs in the SPX every trader and investor is asking whether the markets can continue higher or whether we are at or near a top of some kind. For some time I have been using intermarket analysis to help gauge market trend. In particular I have been tracking the relationship between the forex and equities markets and found that a "follow the money" approach is very useful.
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Friday, July 24, 2009
Euro Poised to Take off! / Currencies / Forex Trading
Purely from a technical perspective, the euro is poised to take off against the dollar. All week long, the euro has consolidated in a tight range roughly between 1.4290 and 1.4100, which resembles a Bull Flag formation readying itself for an upside thrust. If such a thrust unfolds, then we should expect EUR/USD to climb to 1.4400-1.4500 next.
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Friday, July 24, 2009
Trend Following in The Forex Market / InvestorEducation / Forex Trading
For those who are seeking success in the Forex Market, there is really only one proven concept. That is trend following. Trend Following works in every asset class over time ( with strong discipline and patience) such as commodity trading, futures trading, stock trading and forex market. The basic premise there is a break down or break out and the trader enters his/ her position. What differs in many cases is the time frame. There are those who are glued to the computer screen trying to day trade the forex market.
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Thursday, July 23, 2009
EUR/USD Trading Sideways Ahead of Upside Breakout / Currencies / Forex Trading
The pair continues to range (so far) within in a 120 pip range over the last couple of days. A breakout will eventually occur, with the bias being higher overall.
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Wednesday, July 22, 2009
Analyzing the Australian Dollar, Up, Down, and Under / Currencies / Forex Trading
Viewed from the outside, trading in the arcane world of foreign exchange might appear to be quite glamorous. However, attempting to anticipate the next major move in the Euro, yen, or British pound, can be injurious to one’s mental health or pocketbook, especially when schizophrenia often rules the day. Yet despite the enigma that surrounds the $4-trillion per day FX market, when staring at the weekly price charts, the outside observer will notice established and methodical price trends in the currency markets that can last for weeks, months, or even years.
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Monday, July 20, 2009
EUR Pushes Higher Against U.S. Dollar / Currencies / Forex Trading
EUR/USD The pair pushed above 1.4160 to 1.4180 but has retreated for the time being. A rise above 1.4180 would target 1.4200 a major resistance level.Read full article... Read full article...
Friday, July 17, 2009
U.S. Dollar/ Yen Downside Risk / Currencies / Forex Trading
Last week important supports in USD/JPY were violated, swinging the directional bias in favour of shorter term bears. Now that the dust has settled we take a look at the current technical position of this market.Read full article... Read full article...
Thursday, July 16, 2009
Euro vs. the U.S. Dollar / Currencies / Forex Trading
Today I'll be looking at the Euro versus the US dollar.
The big question is, are all the "Trade Triangles" lined up for this trade? The answer is yes, and then some. In my new video I step you through a detailed analysis of this market.
Thursday, July 16, 2009
EUR/USD and USD/JPY Pairs Trading Update / Currencies / Forex Trading
EUR/USD The pair did push above some resistance within the longer term range yesterday which indicates a push towards 1.4200 is likely.
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Wednesday, July 15, 2009
EUR/USD and USD/JPY Currency Trading for 15th July / Currencies / Forex Trading
EUR/USD The pair continued it's doldrums yesterday moving in a choppy fashion once again. Being in the middle of the range this is likely to continue.
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Sunday, July 12, 2009
Financial Markets Giving Key Clues on Currency Trends / Currencies / Forex Trading
Bryan Rich writes: The financial markets have been highly inter-related since the current crisis unleashed fear and uncertainty starting in late 2007. And investors around the world went running for the doors … out of risky assets and into safety.
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Saturday, July 11, 2009
Forex Trading USD vs AUD / Currencies / Forex Trading
We are taking a trip down under today.
It has been sometime since we last looked at the relationship between the US dollar and the Australian dollar (USD/AUD). Today seemed like an opportune time to look at this cross and to figure out where it is headed using our "Trade Triangle" technology.
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Friday, July 10, 2009
What's Next for the U.S. Dollar Japanese Yen Relationship / Currencies / Forex Trading
Today we are looking at a market we have not looked at for quite some time. I am of course referring to the Japanese Yen US dollar relationship.The video I have just completed is less than four minutes long and it will give you a good idea as to what the next major direction will be for the dollar against the Yen.