EUR/USD daily and weekly trend.



You will find other major currency trend charts on:



http://www.2hedge.com/mmfxtrend.html 

(we have some server problems at the moment, but solved soon)…

The bullish correction that happened last week was limited , even the pair closed above EMA 50 on 4 hour, the pair found resistance at 82.72 , but it was unable to break above that level , the EMA 50 on daily chart was dominating the pair movement ,it served as strong resistance and pushed the pair to move down…

Don't miss today the first webinar of the Begginers Corner, today at 17:00 GMT.

Besides the basis of forex  and technical analysis I will be sharing with you some trading tips.

See you all there!

You can register here:

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Here is the hourly perspective for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/04/29/

EURO and GBP made the extended rise from mid European session and stopped cutting the new high for more than an hr.they are expected to slide towards close of European session around 13:00 GMT.US session may show further slide and USD gaining move.Players are holding high and building sell positions.

Regards

Dr.Sivaraman

Mi idea is to sell rallies up to 1.2900s with a 50/60 pip stop and targeting the lower part of the wide range that seems to be stuck in... What do you guys…

Here is the technical view for EUR/USD:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/29/

London could be closed, but not the rest of Europe: DAX is about to break yesterday's high, US futures are also in positive territory,oil nearing $ 113.00 a barrel and gold firm above $ 1530/oz. Dollar is then falling across the board, with EUR/USD at 1.4867, approaching to 1.4881 yearly high; above, next resistances come at 1.4920 and 1.4950 for today, while 1.4840 and 1.4810 become supports.

GBP/USD is up to 1.6685, with 1.6715 and 1.6750 as immediate target areas, while supports…

Hi everyone

I'm delighted to announce here today the launching of the Portuguese version of FXstreet.com

http://www.fxstreet.pt/

The language offering of FXstreet.com now includes English, Spanish, Chinese Simplified, Japanese, Arabic, Russian, French, Italian, Indonesian, German and Portuguese.

Francesc

 …

Hi everyone, and welcome to this blog. Friday starts with a soft tone, with Tokyo on holiday and majors limited to tight ranges; London will also be closed today, as per the royal weeding, so expect volume to remain pretty low in current European session.

Regarding what we saw late Thursday in the US session, with the dollar gaining ground across the board, I believe there was mostly profit taking; the dollar bearish trend has no signs of reversion, and deeps of mayors are still seen…

Greetings and thanks for viewing our blog here on the new Forex Street Network.



As the world awaits The Royal Wedding - markets are definitely slow during the start of the European session so let's take this opportunity to look at a longer term analysis of the EUR/USD.



As you can see from the chart, we seem to be breaking above and away from the trend line so now look for the trend line to act as support.



In the longer term, look for a potential continuation of…

The trading stabilized between fibo 123.6 correction 1.4764 and  fibo 138.2  correction 1.4835 yesterday , now the pair is trading around the last one , it seems the pair found strong resistance around or between 1.4835 and 1.4881 high of yesterday , add to that RSI trend line is showing weakness in uptrend ,…

EURO and GBP are holding high and making subdued swings  during japanese session.they are expected to swing and slide towards close.

After brief upward stop hunt they are expected to slide and drop during European session when volume improves.

US session is expected to show initial drop and some firming up towards close for the visible short sellers who sell after drop  to make short covering.

I will here after post in…

The great inflationary collapse of the US Dollar is in full effect. If Bernanke was going to do ANYTHING to support the Dollar, yesterday was the day for him to have done it. Instead, we’re going to enter a mega-inflationary collapse.

Indeed, at the current pace we’re going the US Dollar will be collapsing soon. So if you are not already preparing for mega-inflation, you need to get moving now. Because time is running out.

Below the US Dollar Spot Index (not USDX Futures) based…

Hi everyone

As I already announced here, we launched a few days ago the Beginners Corner, a place built for all the newbies in the Forex Market and on FXstreet.com. With this page, we hope beginners traders won't get lost in this world.

Besides the pre-recorded ABC videos and a list of recommended to-dos, the BC includes…

Here is the hourly persective for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/04/28/02/

Hi! I'm so excited with this project, I want to share it with you all! Fxstreet.com and I started a new section, THE BEGINNERS CORNER. Starting from the ABC of forex, and full of usefull tips, the beginners corner is designed for starters, yet not only for them:you can build your learning with the top highligths of the day, and improve your trading with the most interesting recommendations. 

Also, if you feel lost in forex and on Fxstreet.com, too many words and concepts and images…