Featured Blog Posts – September 2011 Archive (80)

EUR/USD Continues Seeing the Bright Side of Life

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…

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Added by Yohay Elam on September 29, 2011 at 8:27am — No Comments

USD/JPY Analysis

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.…

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Added by Ross Yamashita on September 29, 2011 at 4:56am — No Comments

Cable Short Plan

Added by Jozef_aka_JB on September 28, 2011 at 6:16pm — 3 Comments

Forex Price Action Setup on EURUSD

After struggling to break the 1.3550 level for a little over two days, the EURUSD finally broke the 1.3550 level and closed above the 38.2% fib (of the 1.3950 - 1.3362 downmove) and has held the level.





However, it did form a… Continue

Added by 2ndSkiesForex on September 27, 2011 at 11:54pm — No Comments

Today’s trend

Optimism rules today with stocks and commodities strongly up, as latest market rumors suggest the EU is ready to widen the European bailout fund, to prevent more debt contagion. Seems the rescue plan has been discussed by G20 over the weekend. Still, market is not showing much confidence as both Euro and Pound hold near recent multi months low.



According to the 4 hours chart, here is today’s trend.

EUR/USD:

Bias: Neutral – Still limited below 1.3550…

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Added by Valeria B Bednarik on September 27, 2011 at 10:29am — No Comments

EUR/USD – Small Gains on Big Bailout Hopes

Euro dollar is cautiously making its way higher on a rising uptrend, fueled by hopes that the European bailout fund will be enlarged to battle any horrible scenarios. Will we see a break higher? Or is it yet another consolidation for the next drop as these hopes fail to play out?

Here’s a quick update on technicals, fundamentals and what’s going on in the…

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Added by Yohay Elam on September 27, 2011 at 8:06am — No Comments

The Pyramid of Trading

Earlier this week I was talking to a student who is starting his private forex mentoring with me.  He was actually referred to me by a previous student I spent time mentoring two years ago.  This former students name is Tony and had no prior experience in trading, nor a degree in business or finance. But he had a serious desire to learn how to trade successfully while putting in the work and study.



Occasionally he writes me an email to tell me he is still trading and doing well.  He…

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Added by 2ndSkiesForex on September 25, 2011 at 8:35pm — 4 Comments

EUR/USD Outlook – September 26-30

Euro/dollar slid to a 7 month low. Greece continues to float between the next tranche of aid to the trenches. Will the fate of this debt hit country be known this week? Apart from Greece, the calendar is very busy and we will get hints on a possible rate cut by the ECB. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

The big blow to the…

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Added by Yohay Elam on September 25, 2011 at 8:28am — No Comments

What ProAct Traders sees in the Forex starting the week of Sept 25th,2011

$EURUSD

WHAT ProAct Traders SEE:  We are currently sitting @ 1.3523 on  the day chart bottom.  The set of twins confirms a bounce. A break of the .618 Fibo will confirm a move to the upside. Targets to the upside are the .500 Fibo @ 1.3592 and a break of the trend line look for the R5 @ 1.3763.  a failure to break look for another double bottom. The  average daily trading range for the cross currently is 190 pips.

 …

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Added by Scott Barkley on September 24, 2011 at 4:54pm — No Comments

EUR/USD Refocusing on Greece and Attempting Recovery

Euro dollar is settling in a lower range after hitting a 7 month low in the post Bernanke crash. An option of a big Greek haircut is floating around as the troika and the debt struck country are still negotiating . How will this wild week end?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

EUR/USD…

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Added by Yohay Elam on September 23, 2011 at 8:40am — No Comments

Forex Price Action Setup on GBPUSD

GBPUSD - 4hr Chart

As we've blogged about in our post this week with the GBPUSD's 20ema rejections giving us a great trade signal to get into the trend, the pair hasn't disappointed, doing a classic rejection off the 20ema, but this time starting a massive sell-off shedding over 400pips in a matter of 1.5days following this most recent rejection so hopefully you got to…

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Added by 2ndSkiesForex on September 22, 2011 at 10:29pm — No Comments

Forex Ranking

Ranking the major pairs on strenght and  weakness.

Click on table for more.…

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Added by Ron Schelling on September 22, 2011 at 7:30pm — No Comments

EUR/USD Analysis

Greetings.



Let's take a look at the EUR/USD as we work on our FX Street technical projections.



We see some pretty strong trend lines in the daily chart and it looks like we're potentially going to see a little more selling action to test some of these lower trend lines.



Look for the pair to test the middle trend line (on chart). If we see a strong break of the trend lines, then we may see a continuation down to the 1.2500 area then to the 1.2000 area (test the low…

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Added by Ross Yamashita on September 22, 2011 at 8:45am — No Comments

EUR/USD Trying to Stabilize After Bernanke’s Blow

Euro dollar is settling in low ground after the big blow it got from the action and especially the inaction by the FOMC. Today’s busy calendar could open the door for more falls. 

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

EUR/USD Technicals

  • Asian session: Falls were slightly extended, and the pair fell…
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Added by Yohay Elam on September 22, 2011 at 6:50am — No Comments

FOREX VIDEO | New York Session Review | September 21, 2011



The EUR/JPY currency pair fell during the London session, challenged 10-year lows established this month, then recovered during the final hours of the European trading day.



Watch a 9-minute video tour of our members-only website… Continue

Added by FX BOOTCAMP on September 21, 2011 at 11:37pm — No Comments

Swiss Nat. Bank may lift currency ceiling ?

Ernst Baltensperger, an adviser to the Swiss central bank, said that he considers it possible that policy makers will soon increase the franc ceiling versus the euro to 1.25.

“I don’t know any expert who doesn’t consider the franc still overvalued at 1.20 based on fundamental factors,”Baltensperger told the newspaper in the interview published today. “As long as one defines the lower limit at 1.20, the risk for the central bank is comparatively limited but all fundamental data are…

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Added by Ron Schelling on September 21, 2011 at 2:30pm — No Comments

EUR/USD Tight in Range Before Bernanke

Euro dollar is trading in a narrowing range as tension mounts towards the FOMC meeting. The Fed is expected to “do something” or more than one thing to help the economy. In Europe, there is more hope for Greece, as talks with the troika are moving forward. The market’s direction will be clearer soon. 

Here’s a quick update on technicals, fundamentals and what’s going on in the…

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Added by Yohay Elam on September 21, 2011 at 9:59am — No Comments

GBP/JPY Analysis

Greetings.



Let's take a look at the GBP/JPY.



The currency has been in a steady decline since early June and there may be a little more downward movement coming.



We are approaching the low from 2009 around the 118.75 level. If we can break and break away from this, then look for the pair to potentially continue to the 118.00 price leve and below.



Good luck with trading.…

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Added by Ross Yamashita on September 21, 2011 at 3:54am — No Comments

FOREX VIDEO - European Outlook September 21st 2011

Hi everybody, for this presentation I visit an old friend we haven’t looked at in a while.  Euro Yen has quietly been trending and I expect it to continue.  Good luck!  David Pegler

 

Added by FX BOOTCAMP on September 20, 2011 at 10:01pm — 1 Comment

USD/CHF Turns Back Up to Target New Highs

 

 

 

 

 

 

 

 

 

 

USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last…

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Added by James Chen, CTA, CMT on September 20, 2011 at 2:30pm — No Comments

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