EUR/USD (daily chart) as of Friday (9/30/2011) has begun a resumption of its bearish stance after making a bullish correction within the context of a strong and steep breakout downtrend. This new downtrend has its origins at the early September breakdown below a key wedge pattern and then below the…Continue
Added by James Chen, CTA, CMT on September 30, 2011 at 3:14pm — No Comments
Oil prices are likely to end the week slightly recovering from the sharp falls they have endured last week. Oil along with the US stock market rose during most of the week. Today, the – Euro Area Annual Inflation report will be published, and Canada GDP report for July 2011.
Here's a short analysis of the oil market for today, September 30th:
Added by Lior Cohen on September 30, 2011 at 1:51pm — No Comments
Gold and silver didn't do much yesterday, with gold slightly falling and silver increasing. Today, the – Euro Area Annual Inflation report will be published, and Canada GDP report for July 2011.
Added by Lior Cohen on September 30, 2011 at 1:50pm — No Comments
Is not just risk aversion what we are seing today, yet also dollar strength. One may wonder from where that strength comes, as data lately is far from encouraging. Market may be already pricing in more easing from BOE and ECB next week.
Pointless to fight the trend, here is the outlook for majors for this American session:
Added by Valeria B Bednarik on September 30, 2011 at 1:32pm — No Comments
Currently the cross is @ 0.7650. The cross has been trying to make a deeper move to the downside. If this psychological barrier can be broken expect a move to the 0.7575/-.618 Fibo extension and the S5 (look for bounce here) . A failure to break look for a return to the 0.7725 resistance area . We are bearish for now.…Continue
Added by Scott Barkley on September 30, 2011 at 1:19pm — No Comments
Euro dollar is unwinding its gains and returning to the lower range, below yet another support line. Is the correction already over? Strong European inflation didn’t cheer the euro, that received quite a few bad figures. The last hours of the week, month and quarter will likely provide more choppy trading as positions are adjusted.
Here’s a quick update on technicals, fundamentals…Continue
Added by Yohay Elam on September 30, 2011 at 11:07am — No Comments
First of all I apologize for my English is not my native language
I am here looking for information on forex statégie amazing…
I'm very happy to announce the launching today of the 2nd edition of Chris Capre's succesful DVD 'Pivot Points and Swing Trading', with improved charting quality and updated quantitative data to reflect the most recent statistical information…Continue
Added by Francesc Riverola on September 30, 2011 at 8:57am — No Comments
I was looking this topic in the forum but didnt see anything.
Ive been using Liteforex since january 2011, which ive found it pretty good, a few requotes maybe but quite well.
So, Which broker do you recommend and why?
Whats your experience and for how long youve been using it?
What about withdrawal?
Added by FX BOOTCAMP on September 29, 2011 at 7:49pm — No Comments
A specialist foreign currency broker can save you anything up to 5% against the exchange rate that high street banks…Continue
Added by Ron Schelling on September 29, 2011 at 6:32pm — No Comments
Added by Scott Barkley on September 29, 2011 at 5:11pm — No Comments
AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of September has shown a strong and steep bearish trend that…Continue
Added by James Chen, CTA, CMT on September 29, 2011 at 3:59pm — No Comments
Currently the cross is @ 0.8948. The cross has tested the 0.8925 area 3 times with no luck breaking to the downside. Still ,very bearish candles trying to establish the break down. If this can finally be broken expect a move to the 0.8888 / -.270 Fibo extension area first and then to the -.618 @ 0.8841 (look for bounce here). A failure to break look for a return to the 0.9009 resistance area . We are bearish for now.…Continue
Added by Scott Barkley on September 29, 2011 at 1:15pm — No Comments
Gold and silver shifted to red again yesterday after they had regained some value a day earlier. Other major commodities, such as crude oil, declined yesterday as well along with AUD/USD and Euro/USD. Currently, gold and silver are traded up. The speculation around the upcoming…Continue
Added by Lior Cohen on September 29, 2011 at 9:48am — No Comments
Added by Francesc Riverola on September 29, 2011 at 9:18am — No Comments
Added by Francesc Riverola on September 29, 2011 at 9:13am — No Comments
Euro dollar is pushing higher once again, recapturing the broken uptrend line. Optimism about a wide approval of the new EFSF powers in Germany, a big drop in unemployment there and end of month / quarter flows aid the pair. Will we see a really big move higher? There are quite a few events today.
Here’s a quick update on technicals, fundamentals and what’s going on in the…Continue
Added by Yohay Elam on September 29, 2011 at 8:27am — No Comments
Let's take a look at the USD/JPY chart.
We just completed our forecasts for FX Street's technical forecast and it looks like we may see a little more downward actions towards the 75.00 mark. Once we see the downward movement complete, then look for a move back up to test the 80.00 area and above.
Good luck with trading and be sure to check out our technical forecasts along with other top FX Street analysts.…
Added by Ross Yamashita on September 29, 2011 at 4:56am — No Comments