Currently we are @ 1.0715 and as we thought the bounce would happen.   We have already hit our first target @ 1.0704.  The cross is continuing and our next target is 1.0755 with the overall on this move being back to the S1 @ 1.0790…

http://SmartPip.com/ Forex Trading Room / Daily Analysis Free sample excerpt from live SmartPip Forex room Feb 23rd, 2012

As we were awaiting a few of our setups to materialize, a topic came up that is incredibly important for any kind of trader, Trading when there are Emotions swirling (good or bad) and how it can seriously impact your results.. Since we had time to kill anyway, I broke off into a live lesson to discuss it more in detail.

One…

On the first evening of the ITC, on Wednesday June 20th, we will do a Welcome dinner with all speakers and attendees! That is a nice way to know each other and network from the very first day!

We will go to Sal Café, a restaurant on the BEACH! We did a party there for the first…

Gold continued its upward trend and moderately increased yesterday, while silver changed direction and was traded down.  The recent manufacturing PMI reports showed that EU and China's manufacturing might have shrunk during February. This news may have curbed the rally of gold and silver during yesterday's trading. Today, there is the G20 Meeting, U.S. Unemployment Claims weekly update…

1,486 votes in just 3 days... outstanding!

If you have not voted yet, just go to FXstreet.com and look for the yellow bar at the top of the page or you can do it from our…

Euro dollar broke above the frustrating range. It already managed to escape the narrowing channel to the upside and is now at critical resistance. The strong IFO figure certainly helped it. No big news broke around Greece, and the common currency enjoys the calm, which will probably be temporary. There are too many open questions on the table: IMF contribution, Subordination by the…

I've heard that Conversionpros and a very important - VERY IMPORTANT :) - search engine are putting together what it could be the most important B2B Forex Meeting of the year to be probably held in Cyprus... more information soon as I got confirmation

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Do not miss this little jewel of the Technical Analysis daily available just here for our network users.

It is Karen Jones's report Daily Market Technicals and it is a special gift from Karen to us.

There is a group created here in this network for those of you willing to read this great piece of analysis every day...…

Hello all, Good day

Euro unable to break either  1.3200 or 1.3300  levels, looks have in mind to retest 1.33 level and take another short run, keep in mind  in upside 1.3320 break will lead us toward 1.3400 level by end of this week, in downside 1.3230 break will open doors for 1.3100 test.

My recommendation is to enter short around 1.3390 if reached, or sell stop below 1.3230.

Thanks

EURUSD Daily Outlook 23 Feb 2012

Hello everyone

Today I’m gonna show you some of swing techniques on daily chart!

If you look to the daily chart above, you’ll notice that the pair failed in finding resistance around 1.2975 last month, later the…

Since Greek deal is temporarily over we could hear some bickering from German, Dutch or European policy makers, which may not have larger impact on EURO. However, there is still plenty and painful moments to be seen in future. Spain and Italy is not a forgotten story.

Market look poised to push Euro higher and they may find some excuse that could give boost to the currencies, which may be heading for new highs in the coming days.

All…

Currently we are @ 0.8283 after hitting the S3 target @ 0.8286.  This is a critical spot as we are on the Trend wall.  A bounce here targets the S1 @ 0.8375 and a break out target the double bottom @ 0.8243 with further target the S4 @ 0.8197.  We do have further targets @ 0.9892 and 0.9858.  We are bearish.…

eur/usd going very slow...watch ..a sign of down trend..

While USD/JPY managed to cross the important psychological level of 80, it is also right up against the resistance of the 50% retracement level of the April to October swing high/low.



Chart Courtesy of Oanda…

Will be short. Until break out of the pennant I don't expect any real action. The head and shoulder formation was invalidated as we never reached the neckline on 1h chart. As the price broke the bolder blue trend line for the second time I prefer to sell, but as you may know the pennant after an uptrend usually means continuation.

Here's the chart (pennant within thin blue lines):…