Category: Forex Trading
The analysis published under this category are as follows.
Friday, July 10, 2009
Bull Signal in U.S. Dollar /Rand / Currencies / Forex Trading
By: Seven_Days_Ahead
In Tuesday’s FX Trading Guide we noted several bullish clues in the USD/ZAR chart. We had switched from a Bearish to Sidelined stance and now, following the gains seen this week, we are able to Go Bullish.
Wednesday, July 08, 2009
Daily Futures Markets Commentary for 7th July 09 / Commodities / Forex Trading
By: BrewerFuturesGroup
Traders are looking for the September Canadian Dollar futures to open higher this morning. There may not be any major fundamental news driving this market higher this morning, but nonetheless traders like the long side. The main driving force behind this rally seems to be technically driven as many indicators have reached oversold levels.
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Wednesday, July 08, 2009
EUR/USD Recent Lows Hold / Currencies / Forex Trading
By: ForexPros
The pair once again tested the support area in early trading today after choppy trading yesterday.
The lows have been tested and appear to have succeeded in holding, which means the bias is upwards for today.
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Tuesday, July 07, 2009
Forex Trading Video, Euro Vs USDollar / Currencies / Forex Trading
By: INO
Today, we are dissecting and examining one of my favorite markets ... the Forex market. The Forex market is the biggest market in the world and is traded on a 24/7 basis.
Tuesday, July 07, 2009
EUR/USD for July 7 / Currencies / Forex Trading
By: ForexPros
Push above 1.3990 would be an early signal of bullishness. A move above 1.4000 would confirm. Resistance is at 1.4020, 1.4040 and 1.4100>br>Read full article... Read full article...
Monday, July 06, 2009
EUR/USD Heading Higher? / Currencies / Forex Trading
By: ForexPros
Bias for today is higher, but a narrowing range after the steep decline near the end of last week could mean a break in either direction.Read full article... Read full article...
Friday, July 03, 2009
Temporary Bounce in EUR/GBP Now Possible / Currencies / Forex Trading
By: Seven_Days_Ahead
A few weeks ago a long term 38.2% support in EUR/GBP was violated, adding weight to the medium term bearish argument that we have been favouring. However, without this view being threatened, there is a decent chance for a shorter term bounce, subject to a certain resistance yielding.
Wednesday, July 01, 2009
EUR/USD for July 1 / Currencies / Forex Trading
By: ForexPros
The pair is currently in a 55 pip range. A sustained break above 1.4055 would indicate a target of 1.4110 and beyond that 1.4150.Read full article... Read full article...
Monday, June 29, 2009
Green Shoots Recovery Forex Markets Fatigue & Intermarket Setup / Currencies / Forex Trading
By: Ashraf_Laidi
There are more substantive fundamental and technical grounds that the recent pullback in equities and global bond yields will extend throughout Q3 to the benefit of the US dollar, which will likely stabilize, rather than wage a rally such as in H2 2008. Current explanations for a stronger dollar in H2 based on US recovery preceding rest-of-world are off the mark. The past 7 years have proven that each time US data emerged on the stronger side, global bourses pushed higher-at the expense of the greenback. While we back the notion for a stronger USD in Q3, our rationale is based on the following:
Thursday, June 25, 2009
EUR/CHF Springs to Life from Key 1.5000 Support / Currencies / Forex Trading
By: Seven_Days_Ahead
In recent weeks EUR/CHF price action has been lacklustre, an earlier bull signal looking to be premature. But underwater s/term bulls, having sailed close to the wind just above 1.5000 key support for a while now, have abruptly changed tack, with a course set for higher once more.
Thursday, June 25, 2009
Forex Trading Cross Pairs Trend Analysis / Currencies / Forex Trading
By: INO
Last week I showed you how to analyze 13 forex cross-rates in less than 11 minutes. I thought it would be fun to go back and look at how this very quick analysis turned out.
Thursday, June 25, 2009
EUR/USD Bounces / Currencies / Forex Trading
By: ForexPros
The pair fell over 200 pips yesterday but ultimately was stopped by the 1.3900 area and has since bounced higher. This keeps the bias upwards for today, but more news out of the US could make for a volatile day.Read full article... Read full article...
Wednesday, June 24, 2009
EUR/USD - After the Surge / Currencies / Forex Trading
By: ForexPros
Yesterday saw a very strong move by the EURO, moving almost double its average (12) daily range. It also broke multiple short term resistance levels.With more news out of the US today, it could be another volatile day.
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Tuesday, June 23, 2009
How to Profit From the Global Currency Wars / Currencies / Forex Trading
By: Money_Morning
Chris Weber writes: When rumors of the Swiss central bank again intervening to drive down the value of the Swiss franc hit the world’s currency trading desks late last week, it underscored just how hard global governments are fighting against the strong currencies that can derail exports while also blunting consumer demand at home.
Tuesday, June 23, 2009
EUR/USD Choppy Trading / Currencies / Forex Trading
By: ForexPros
Support is established at 1.3830 and is also present at 1.3820 through 1.3800. This likely means the sideways swings will continue. Although minor trends within the broader range can still occur.Read full article... Read full article...
Monday, June 22, 2009
EUR/USD Continues to Range / Currencies / Forex Trading
By: ForexPros
The pair is trading within a 120 pip range between 1.4000 and 1.3800 over the last couple trading days. This range has held in early trading. 1.3880 is initial support. A move below 1.3860 would confirm that break.Read full article... Read full article...
Friday, June 19, 2009
Forex Pairs Analysis and Trading / Currencies / Forex Trading
By: INO
We are going to be doing something a little bit different today as we analyze the forex markets. Examining the forex markets is nothing new, but we have never gone through 13 pairs of cross rates on the fly. I also show you a quick and effective way to analyze the dollar index at the same time.
Friday, June 19, 2009
USD/CHF Base to Complete Soon / Currencies / Forex Trading
By: Seven_Days_Ahead
With a recovery phase in the US Dollar now deemed to be in progress (see last week’s US Dollar Index Update) we now look at the technical levels on the USD/CHF chart, and what could give this pair a boost.
Thursday, June 18, 2009
EUR and JPY / Currencies / Forex Trading
By: ForexPros
The last three days have seen the EUR march higher. This has created a short term uptrend. Support is at 1.3910, with trend line support at 1.3860, and beyond that 1.3820, 1.3800.Read full article... Read full article...
Wednesday, June 17, 2009
Euro Fails Above $1.40 / Currencies / Forex Trading
By: LiveCharts
After a roughly two week stint flirting mostly above the $1.40 level, the Euro has fallen back to a current rate at $1.3834 (June 16). The Euro has steadily dropped from a peak over $1.43 on June 2nd. It has operated on a downward progression from the $1.40 level for the last three days.Read full article... Read full article...