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ForexPros Daily Analysis August 01, 2011
Free webinar on ForexPros - The Correct Way To Use The RSI In Forex Trading
Expert: Steve Primo
Start: Thu, Aug 4, 2011, 09:00 EST
End: Thu, Aug 4, 2011, 10:00 EST
Steven Primo is a former Stock Exchange Specialist as well as a 34 year veteran of the markets. In this webinar he will show how the majority of Forex traders use the RSI incorrectly. Mr. Primo will explain how to properly use the indicator and then share with you one of his best trading strategies based upon this tool and his unique concepts
Click here to join free
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NZD-USD Still Bullish, If Overextended
Seemingly defying gravity, the New Zealand Dollar just keeps climbing higher. Its rally has been broad based and over the last few months, the Kiwi has appreciated substantially against most of the major currencies.
In some cases, the NZD made new all time highs.
Perfect example could be the US Dollar. After consolidating in May and June, the NZD/USD has been in an uptrend all of July, appreciating from 0.8109 to the current level of just above 0.8818. This is a new all time high, or more to the point, a post-float, or 30-year high for this pair.
At this point, though, the rally might be overextended. Not so much because of the exchange rate itself, but more because of the manner in which it got there. In recent days, NZD/USD accelerated and the curve of advance steepened considerably. As seen indicated by the secondary trendline, the price keeps rising at an unsustainable angle.
Technical indicators like the RSI and the Standard Deviation suggest oversold market conditions, increasing probability of a correction. The very tight trendline is a good tool to watch for a breakout, especially if accompanied by a bearish candlestick pattern. For now, the uptrend still drives the NZD/USD, but a correction may be near.
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Forex Trading analysis written by Mike Kulej for Forexpros.
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Visit Forexpros new 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.
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Forexpros.com Daily Analysis - 01/08/2011
01 August 2011 - 11:40 AM
Forexpros.com Daily Analysis - 04/07/2011
04 July 2011 - 11:27 AM
ForexPros Daily Analysis July 04, 2011
Tomorrow: Free webinar on ForexPros - Using Candlesticks to Trade Forex
Expert: Marc Principato
Start: Tue, Jul 5, 2011, 10:00 EDT
End: Tue, Jul 5, 2011, 11:00 EDT
Candlesticks provide valuable information about price action when used correctly. From gauging momentum to better defining entries and exits on any time-frame, candlestick analysis provides unique advantages not found in other types of charting. Also covered in this presentation are the candle patterns that we find most useful for the short-term strategies that we employ in the chatroom each day.
Click here to join free
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EUR/NZD Ready for a Move
So far, in 2011 the EUR/NZD pair has not made much progress. It started the year at around 1.7250 and now, six month later is at 1.7500, which not much more than a daily fluctuation. Nevertheless, that does not mean that the price action has been boring – quite the opposite.
Early on, the EUR/NZD rallied strongly, climbing to as high as 1.9569 in March. Since then, however, the price fell just as dramatically, touching 1.7350 in May, before settling down into a sideways motion, which prevails to this day.
This particular market phase should not last much longer. If we look at Bollinger Bands, we can see that this indicator has contracted a lot. In fact, the Bands are at a most narrow point since February, which was followed by an explosive breakout move. It is reasonable to expect similar outcome from this current congestion.
The direction of the eventual breakout is unknown, but based on the preceding trend, chances are that bearish sentiment will prevail. With that in mind, we should watch the trendline connecting recent minor lows, which was tested four times in a short time span. A move under that support, about 1.7450, could be a start of a new significant bearish price swing in the EUR/NZD.
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Forex Trading analysis written by Mike Kulej for Forexpros.
---
Visit Forexpros new 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.
Tomorrow: Free webinar on ForexPros - Using Candlesticks to Trade Forex
Expert: Marc Principato
Start: Tue, Jul 5, 2011, 10:00 EDT
End: Tue, Jul 5, 2011, 11:00 EDT
Candlesticks provide valuable information about price action when used correctly. From gauging momentum to better defining entries and exits on any time-frame, candlestick analysis provides unique advantages not found in other types of charting. Also covered in this presentation are the candle patterns that we find most useful for the short-term strategies that we employ in the chatroom each day.
Click here to join free
---
EUR/NZD Ready for a Move
So far, in 2011 the EUR/NZD pair has not made much progress. It started the year at around 1.7250 and now, six month later is at 1.7500, which not much more than a daily fluctuation. Nevertheless, that does not mean that the price action has been boring – quite the opposite.
Early on, the EUR/NZD rallied strongly, climbing to as high as 1.9569 in March. Since then, however, the price fell just as dramatically, touching 1.7350 in May, before settling down into a sideways motion, which prevails to this day.
This particular market phase should not last much longer. If we look at Bollinger Bands, we can see that this indicator has contracted a lot. In fact, the Bands are at a most narrow point since February, which was followed by an explosive breakout move. It is reasonable to expect similar outcome from this current congestion.
The direction of the eventual breakout is unknown, but based on the preceding trend, chances are that bearish sentiment will prevail. With that in mind, we should watch the trendline connecting recent minor lows, which was tested four times in a short time span. A move under that support, about 1.7450, could be a start of a new significant bearish price swing in the EUR/NZD.
---
Forex Trading analysis written by Mike Kulej for Forexpros.
---
Visit Forexpros new 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.
Forexpros.com Daily Analysis - 02/06/2011
02 June 2011 - 09:25 AM
ForexPros Daily Analysis June 02, 2011
Free webinar on ForexPros - My Top Strategy For Trading The Forex Markets
Expert: Steve Primo
Start: Thu, Jun 2, 2011, 09:00 EST
End: Thu, Jun 2, 2011, 10:00 EST
Steven Primo is a former Stock Exchange Specialist as well as a 34 year veteran of the markets. In this webinar he will share with you his proprietary concepts and techniques that are designed to capture consistent gains in the Forex Markets. Steven will also explain how to properly apply these methods so that you can elevate your trading to the next level. All of Mr. Primo’s techniques can be applied to the Forex markets in any direction and in any time frame.
Click here to join free
---
USD/JPY has broken the channel and now is facing down
The break-down of the channel in the daily can be announced as successful. The Yen retested the lower boundary on Tuesday and returned to declines yesterday.
USD is usually getting stronger against most of the currencies when Wall Street falls, and so it did but not against the Yen.
The Yen is now supported at 80.70 and a break-down of this level can take it down to 79.0. However, if it crosses above 81.75, it can be pulled back into the channel.
In the 4-hours chart, there is a bearish triangle, also supported at 80.70. It is possible to look for an intraday trade if it breaks the support, aiming to 80.0.
In times of uncertainly investors will look for solid investments, and they found it in the Yen. However, no instrument is safer than the other.
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Forex Trading analysis written by Bastian Rubben for Forexpros.
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New on Forexpros, the Currency Correlation Calculator !
---
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.
Free webinar on ForexPros - My Top Strategy For Trading The Forex Markets
Expert: Steve Primo
Start: Thu, Jun 2, 2011, 09:00 EST
End: Thu, Jun 2, 2011, 10:00 EST
Steven Primo is a former Stock Exchange Specialist as well as a 34 year veteran of the markets. In this webinar he will share with you his proprietary concepts and techniques that are designed to capture consistent gains in the Forex Markets. Steven will also explain how to properly apply these methods so that you can elevate your trading to the next level. All of Mr. Primo’s techniques can be applied to the Forex markets in any direction and in any time frame.
Click here to join free
---
USD/JPY has broken the channel and now is facing down
The break-down of the channel in the daily can be announced as successful. The Yen retested the lower boundary on Tuesday and returned to declines yesterday.
USD is usually getting stronger against most of the currencies when Wall Street falls, and so it did but not against the Yen.
The Yen is now supported at 80.70 and a break-down of this level can take it down to 79.0. However, if it crosses above 81.75, it can be pulled back into the channel.
In the 4-hours chart, there is a bearish triangle, also supported at 80.70. It is possible to look for an intraday trade if it breaks the support, aiming to 80.0.
In times of uncertainly investors will look for solid investments, and they found it in the Yen. However, no instrument is safer than the other.
---
Forex Trading analysis written by Bastian Rubben for Forexpros.
---
New on Forexpros, the Currency Correlation Calculator !
---
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 Daily Analysis - 02/05/2011
02 May 2011 - 12:33 PM
ForexPros Daily Analysis May 02, 2011
Free webinar on ForexPros - Sharpening Your Edge Series: Pivot Points
Expert: Andrei Knight
Start: Wed, May 25, 2011, 08:00 PST
End: Wed, May 25, 2011, 09:00
Discover one of the best-kept secrets of bank traders. And since they are the ones who move the markets, once you know the likely places for their pending orders, you also know the most likely levels for reversals. Join leading fund manager and trading coach Andrei Knight for this exciting instructional webinar which will transform the way you look at charts and help you achieve better trading results.
Click here to join free
---
Euro:
On the daily, the euro has hit resistance after hitting its 23.6% target at 1.4844 from its multi month long from Jun 2010, with the 50% at 1.30735.
The euro is still technically in a long and is bouncing off its extension long with a 50% at 1.47658. The line in the sand is 1.4739, with a target at 1.49359.
On the 15 min, the extension long is very apparent.
Pound:
On the daily, the pound has been marching towards its multi month long target at 1.67913, but has hit resistance at previous highs at 1.674. The next traditional long 50% is at 1.65874, which the pound has been front running, with a target at 1.68211.
USD/JPY:
On the daily, the yen is hitting resistance at the 50% long at 80.939 from the yen's all time long. However the yen has been in a consistent short since April 6th and is currently in a short from a 50% at 82.757 with a target at 80.525.
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Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros, the Forex Volatility Calculator!
---
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.
Free webinar on ForexPros - Sharpening Your Edge Series: Pivot Points
Expert: Andrei Knight
Start: Wed, May 25, 2011, 08:00 PST
End: Wed, May 25, 2011, 09:00
Discover one of the best-kept secrets of bank traders. And since they are the ones who move the markets, once you know the likely places for their pending orders, you also know the most likely levels for reversals. Join leading fund manager and trading coach Andrei Knight for this exciting instructional webinar which will transform the way you look at charts and help you achieve better trading results.
Click here to join free
---
Euro:
On the daily, the euro has hit resistance after hitting its 23.6% target at 1.4844 from its multi month long from Jun 2010, with the 50% at 1.30735.
The euro is still technically in a long and is bouncing off its extension long with a 50% at 1.47658. The line in the sand is 1.4739, with a target at 1.49359.
On the 15 min, the extension long is very apparent.
Pound:
On the daily, the pound has been marching towards its multi month long target at 1.67913, but has hit resistance at previous highs at 1.674. The next traditional long 50% is at 1.65874, which the pound has been front running, with a target at 1.68211.
USD/JPY:
On the daily, the yen is hitting resistance at the 50% long at 80.939 from the yen's all time long. However the yen has been in a consistent short since April 6th and is currently in a short from a 50% at 82.757 with a target at 80.525.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros, the Forex Volatility Calculator!
---
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 Daily Analysis - 04/04/2011
04 April 2011 - 09:48 AM
ForexPros Daily Analysis April 04, 2011
Free webinar on ForexPros - Forex Price Action
Expert: Raul Lopez
Start: Mon, Apr 11, 2011, 09:00 CST
End: Mon, Apr 11, 2011, 10:00 CST
During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.
Raúl López is a full time trader whose strategy is based on price action, all the information he needs to trade from the market itself and using an advanced application of support and resistance levels. He also trains and helps traders around the world to trade better and reach their goals as traders.During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.
Click here to join free
---
Usd/Cad fell into a recently, and is showing an impulsive personality from 0.9977 region which is still incomplete. Market is trading in wave 3), searching for a temporary bottom, which could be established around 0.9580 region, where 261.8% Fibonacci extension level of a wave 2) distance is shown. Any near-term throw-back will be only temporary, likely a corrective wave 4, before downtrend resumes.
Downtrend remains in play as long as the market trades below 0.9731 region.Why 0.9731!? Becasue we know that once wave 4) occurs, pair must not trade into a terrritoryx of a wave 1).
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Forex Trading analysis written by Gregor Horvat for Forexpros.
---
Get the most updated Forex News !
---
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.
Free webinar on ForexPros - Forex Price Action
Expert: Raul Lopez
Start: Mon, Apr 11, 2011, 09:00 CST
End: Mon, Apr 11, 2011, 10:00 CST
During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.
Raúl López is a full time trader whose strategy is based on price action, all the information he needs to trade from the market itself and using an advanced application of support and resistance levels. He also trains and helps traders around the world to trade better and reach their goals as traders.During this next webinar by Raul Lopez he will discuss Price action rules. He will also show and discuss live price action analysis.
Click here to join free
---
Usd/Cad fell into a recently, and is showing an impulsive personality from 0.9977 region which is still incomplete. Market is trading in wave 3), searching for a temporary bottom, which could be established around 0.9580 region, where 261.8% Fibonacci extension level of a wave 2) distance is shown. Any near-term throw-back will be only temporary, likely a corrective wave 4, before downtrend resumes.
Downtrend remains in play as long as the market trades below 0.9731 region.Why 0.9731!? Becasue we know that once wave 4) occurs, pair must not trade into a terrritoryx of a wave 1).
---
Forex Trading analysis written by Gregor Horvat for Forexpros.
---
Get the most updated Forex News !
---
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.
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