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Thread: Forexpros.com Daily Analysis

  1. #81
    forexpros
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    Default Forexpros.com Daily Analysis - 04/04/2011

    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.

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    Get the most updated
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    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.

  2. #82
    forexpros
    Guest

    Default Forexpros.com Daily Analysis - 05/04/2011

    ForexPros Daily Analysis April 05, 2011


    Free webinar on ForexPros - FX Market Outlook for Q2 2011

    Expert: Ilian Yotov

    Start: Sun, Apr 10, 2011, 10:00 ET
    End: Sun, Apr 10, 2011, 11:00 ET

    FX Market Outlook for Q2 2011

    - Review of the trends for the currency majors in Q1 2011
    - Should we expect a reversal of the USD fortunes in Q2 2011?
    - Will the carry trade remain strong in Q2?
    - Is the worst behind for the EUR?


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    ---

    The daily
    EUR/USD has been trending steadily higher and within the context of this mark up trend, a Rising Wedge has formed. Wedges (Rising or Falling) are trending patterns that - to be efedtively traded - should form in a down or up trend. The Rising Wedge formation in this situation has the psychology of a healthy and established uptrend behind it.

    I have included two charts of this formation. One is from my MT4 platform while the other was generated from my Autochartist platform.

    The MT4 chart shows that there are three highs that are currently causing a stall in the uptrend. The first high dates back to Nov.'10 at 1.4282, the two recent highs (creating a double top) are at 1.4250 and 1.4268 so the November high is still intact as a ceiling.

    The support of the Rising Wedge is at 1.4077 which means that even if the 1.4100 major psychological level is broken there is a three-month uptrend line offering support in the form of the lower trendline for the Rising Wedge.

    Volatility is the name of the game this week and without getting too far into a discussion of fundamentals and the pending ECB rate hike as well as Rate Statement which is highly anticipated to perhaps shed light on future hikes...there is another tools I use, which I have included in the images (below). These tools are the Expected Price Range and Price Movement Range by Hour of Day, both also calculated and provided by Autochartist. These tools are very unique and I will incorporate them with more frequency in my updates here at Forex Pros. There is no other tools that provides this type of price movement projection and it is a tremendously helpful tool that assists with risk management as well as profit target identification.

    Consider that there are multiple support and resistance levels that we could find on a chart, the question is which are potentially "in play" over the course of an hour or a day?

    Look at the two graphs and you can see the rhythm of price action (Price Movement Range) and the projected volatility (Expected Price Range) in the EUR/USD.

    Remember that on the daily, in my past Forex Pros analysis, I have discussed swing buys on the daily based upon a zone between 20 period SMA and the 34 period EMA high. This strategy mimics how a Rising Wedge set up would trigger since the area between the two uptrend lines is the buy zone on a correction lower. The Rising Wedge has the added entry strategy of a breakout buy if prices rally through the upper trendline.

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    Forex Trading analysis written by Raghee Horner 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.

  3. #83
    forexpros
    Guest

    Default Forexpros.com Daily Analysis - 06/04/2011

    ForexPros Daily Analysis April 06, 2011


    Free webinar on ForexPros - FX Market Outlook for Q2 2011

    Expert: Ilian Yotov

    Start: Sun, Apr 10, 2011, 10:00 ET
    End: Sun, Apr 10, 2011, 11:00 ET

    FX Market Outlook for Q2 2011

    - Review of the trends for the currency majors in Q1 2011
    - Should we expect a reversal of the USD fortunes in Q2 2011?
    - Will the carry trade remain strong in Q2?
    - Is the worst behind for the EUR?


    Click here to join free

    ---

    Good morning everyone. The market has made pretty strong moves yesterday. So that being said, the blue zones are extremely far away from average market price movement. This is what I'm personally going to do : I'm going to wait for a massive correlating retracement (All the pairs should make a large pullback together). These retracements should be over 25-50 pips. Once this happens, I will be jumping back in the market. Conservative traders stand aside.

    Note : It does not look favorable to short the pairs during the retracement (pullback).

    Currency Outlook

    US Dollar : Strong then Weak

    Long : EURUSD, GBPUSD, USDCHF, AUDUSD, NZDUSD, EURJPY
    Short : USDCAD

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    Forex Trading analysis written by Navin Prithyani 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.

  4. #84
    forexpros
    Guest

    Default Forexpros.com Daily Analysis - 07/04/2011

    ForexPros Daily Analysis April 07, 2011


    Free webinar on ForexPros - FX Market Outlook for Q2 2011

    Expert: Ilian Yotov

    Start: Sun, Apr 10, 2011, 10:00 ET
    End: Sun, Apr 10, 2011, 11:00 ET

    FX Market Outlook for Q2 2011

    - Review of the trends for the currency majors in Q1 2011
    - Should we expect a reversal of the USD fortunes in Q2 2011?
    - Will the carry trade remain strong in Q2?
    - Is the worst behind for the EUR?


    Click here to join free

    ---

    Markets saw some action during the past session or so, despite widely expected ECB rates decision. The expectations are increase for 25basis points, from 1% up to 1.25%. And as laready mentioend few times, the rate hike is already priced in the market, so DO NOT be surprised if you see the opposite, weak Euro reaction during the press conference, which is 45minutes after the rate decision. This would then be a psychological effect; always, or we must say in many times, the absolutely opposite reaction occurs against the crowd anticipations! With this being said, what if ECB will not raise rates at all!? In this case, we believe top will be placed on Eur/usd for some time, because large investors/institutions will cover their Euro Longs, which will likely provide a larger Euro fall.

    On the other hand, a rate increase should be good for the Euro (from a longer perspective), because the Fed has no plans to increase rates for the US dollar any time soon. This of course is the main reason for a strong Eur/Usd move for the past few weeks.

    What about technical picture!? The pair is facing a powerful resistance around 1.4300/400 region with decreasing volume and divergence shown on a daily chart attached below. At the same time pair is testing trend line from 2008, so we believe that close price of this week will be very important; break and push below rising trend line will be a very bearish signal, while break and close above 2008 trend line will put even more gains in play for weeks ahead.

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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.

  5. #85
    forexpros
    Guest

    Default Forexpros.com Daily Analysis - 11/04/2011

    ForexPros Daily Analysis April 11, 2011


    Today: 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

    ---

    Bulls are back in progress on cable after the pair made a very tricky decline two weeks back down to 1.5930 region. As such, we are now looking at the new, previous alternate count, which shows a flat correction in wave (2), followed by a new bullish leg, which is targeting now 1.6500 region and higher, with wave (3) underway. Any pull-back in coming week, will be just a corrective move with support seen around 1.6200/40 region; where trend line from 2009 should hold; resistance becomes support.

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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.

  6. #86
    forexpros1
    Guest

    Default Forexpros Daily Analysis - 18/05/2011

    ForexPros Daily Analysis May 18, 2011


    Euro, Pound Rebounding To Next Setup, Yen Back In Range

    Euro:
    On the daily, the euro is threatening its short setup at 1.428 and may move into its next setup. The full traditional short setup is at 1.44946.

    On the 15 min chart, the euro hit its long target at 1.42888 and broke its short setup. Must wait for a retracement to determine the next setup.

    Pound:
    On the daily, the pound looks to be retracing to its next short setup at 1.63308.

    Yen:
    On the daily the yen broke the short setup it was in and hit the target of 81.747 of the long from 80.442. This may indicate the yen wants to continue in its range pattern it has been in the past 8 months. The next long measured move is at 81.058, with the line in the sand at 80.889.
    The full traditional short is at 82.544, with the line in the sand at 83.25.


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    Forex Trading analysis written by Diana Rochford 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.

  7. #87
    forexpros1
    Guest

    Default Forexpros.com Daily Analysis - 19/05/2011

    ForexPros Daily Analysis May 19, 2011


    Intraday congestion shows the indecision in the EUR/USD

    The dollar’s buying momentum continues to struggle at 75.70. Recent highs at 75.73 and 75.70 have proved to be where the bulls are stepping off the train. With that in mind let’s consider what that means for the
    EUR/USD as prices tackle the resistance between 1.4276 and 1.4288. This 12 pip area in front of the 1.4300 major psychological level is proving to be a formidable ceiling.
    The daily chart of the EUR/USD while not quire confirming a downtrend, is trading below the 34EMA Wave with red GRaB candles.*

    *GRaB candles are a way that I have changed traditional candlesticks to show sentiment and momentum as it relates back to price action and my 34EMA Wave. When prices are trading above the 34 period EMA high the candles plot green (light green for an up close and dark green for a down close), when prices trade within the 34 period EMA high and 34 period EMA low the candles plot light/dark blue, and for price action below the 34 period EMA low, prices plot light/dark red. The MT4 version for indicator is free for download at RagheeHorner.com. Search for "GRaB 2.0".

    The rollover through the 34EMA Wave is - for now - more indicative of distribution than a downtrend although with consistent resistance at the 34 period EMA low and a push for lower lows and lower highs, the trend could shift to a mark down as the 34EMA Wave takes on a “four to six o’clock” angle.
    There is a certain “wait and see” attitude that the EUR/USD is reflecting and I think much of it has to do with whether the 76.00 level on the U.S. Dollar Index will prove to be resistance or whether buyers can carry the index above the major psychological level. Much of this will have to do with the Fed’s stance on a future interest rate hike (slim to none especially with growing whispers of QE3) and whether the concern for inflation in Europe can overcome the concern for higher borrowing rates as the ECB tries to dig out of it sovereign debt mess (think Greece, Portugal, and Spain).

    ---


    Forex Trading analysis written by Raghee Horner 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.

  8. #88
    forexpros1
    Guest

    Default Forexpros.com Daily Analysis - 24/05/2011

    ForexPros Daily Analysis May 24, 2011


    New All-time High of Gold against Euro: 1.080 €/oz

    Gold has found a good support at 1,487 $/oz after a strong sell-off phase occurred two weeks ago. In fact, the Yellow Metal held out to the downward pressure and rebounded above the psychological threshold of 1,500 $/oz.

    The Market Driver of the week was undoubtedly the strengthening of the U.S. Dollar, which has come back under 1.40 on the Cross Eur/Usd. The great weakness of the Euro currency is probably due to the strong pressure on some countries of the Old Continent; in fact, two important macroeconomic news strongly weakened the Euro last week: the downgrade of debt ratings of Greece from B+ to BB+ by Fitch and the unexpected change of outlook for Italy from stable to negative by Standard & Poor's. Accordingly, the Euro weakened, losing ground against the Greenback. The result has been the reaching of the all-time high of Gold against Euro, 1080.23 €/oz. Unfortunately, the forecast for the Cross seems to be negative, as Greece's concerns appear larger and more complicated to solve than expected and rumors about a possible exclusion of the Hellenic country from Eurozone begins to rumble on the market. The risk involved in that case is the "domino effect" that may lead to a real structural crisis of the European Union. Macroeconomic news are expected for the week: U.S. Jobless Claims (05/26), U.S. Core PCE (05/27) and Michigan Confidence (05/27).

    From the financial point of view, after some days of sales, Gold ETFs have strongly increased the amount of physical Gold held, reaching 2,062 Tons. With regard to the financial positions at COTR, at the contrary, we can appreciate a further decrease in Net Long Positions, fell to 23.9 Mln, the - 7.8%.

    From a technical point of view, Gold is fluctuating around the psychological threshold of 1,500 $/oz, without showing trend signals. The 1,487 $/oz level has provided a firm support to the bullish trend, which in the long run remains intact. In the short term, however, it is possible that the Metal can fluctuate into the side channel between 1,518 $/oz and 1,487 $/oz. It will be important to see the breaking of one of these two levels to understand the new direction of the market.

    First support at 1,500 $/oz and first resistance at 1,506 $/oz.

    We recommend extreme caution in taking positions because of the volatility and uncertainty.

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    Forex Trading analysis written by Filippo Finocchi 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.

  9. #89
    forexpros1
    Guest

    Default Forexpros.com Daily Analysis - 25/05/2011

    ForexPros Daily Analysis May 25, 2011


    What my crude oil shorts are telling me about the aussie and the loonie...

    The Directional Bias in crude oil has continued to pressure the market lower as the 100.00 figure looms overheads as resistance. This psychological level is the key for the bears - keeping the sentiment negative - but getting above this level is key for the bulls in order to attract buying momentum. Never underestimated the power of a whole round number…

    The 34EMA Wave is moving lower at between “four and six o’clock” on the daily chart. With the fears of a slowdown in China, with fears of a more pronounces correction in U.S. equities, and with the U.S. Dollar continuing to find support above 76.00 there is potentially more downside to come in commodities.

    Therefore as I set up swing shorts on the bounces between 99.50 and 101.00 in crude oil, I am also looking for exhaustion and breakdowns in the AUD/USD and will buy pullbacks in the USD\/CAD.

    The USD/CAD daily has a bullish Directional Bias so I will look for pullbacks on not only the daily but also the 240-minute time frame.

    The AUD/USD is still consolidating although has pushed past recent lows. The 240-minute offers a swing off the 34EMA Wave while the daily is setting up a momentum breakdown if prices trade through 1.0480.

    ---


    Forex Trading analysis written by Raghee Horner 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.

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