Currency and foreign exchange forum: Recent Posts

Currency and foreign exchange forum: Recent Posts http://forum.currenciesdirect.net/ when money talks, everyone listens! en Thu, 11 Mar 2010 15:23:53 +0000 forexpros on "Forexpros.com Daily Analysis - 11/03/2010" http://forum.currenciesdirect.net/topic.php?id=154#post-312 Thu, 11 Mar 2010 10:25:20 +0000 forexpros 312@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 11, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: Retail Sales Traders of the US anticipate the publication of the Retail Sales. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy . A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of -0.10%. --- Euro Dollar The Euro confirmed it is building the triangle that we suggested yesterday, after it dropped only pips below the lower triangle line, and then it bounced back and rose until it touched the upper line in a very accurate fashion (please refer to the attached chart). The price is still trading within the triangle exactly as it was suggested yesterday, waiting for a real and decisive break for one of its limits. These limits have narrowed towards 1.3658 & 1.3581. We can only hope to end this boredom with a break of one of these levels. If the resistance at 1.3658 is broken, we expect the Euro to jump and test the last week’s at 1.3734. And if this important resistance is broken too, we will see the Euro flying to 1.3861. On the other hand, if the support at 1.3581 is broken, we expect a test of the rising trend line from 1.3442 as a first target (this line is currently running at 1.3477), and if broken we will reach a fresh cycle low at 1.3379. Support: • 1.3581: the lower limit of the triangle formation. • 1.3477: the rising trend line from 1.3442 on the hourly charts. • 1.3379: Apr 14th high. Resistance: • 1.3658: the upper limit of the triangle formation. • 1.3734: Mar 3rd top. • 1.3861: Jan 26th low. --- USD/JPY The Dollar-Yen kept trading above the important support 89.69 all through the past 24 hours, and it rose breaking the resistance 90.26, and as we expected reached a new weekly high at 90.80, only 4 pips below our suggested target. With this obvious penetration of 90.60, the Dollar is in a good position to achieve more gains, since the technical plea in favor of the Yen (which is stopping accurately at a Fibonacci resistance level) is no longer there. This advancement which reached 90.80 so far, is invited to hold above short term support 90.06, in order to achieve more gains. The resistance is at 90.60, and if broken, USDJPY will jump strongly, targeting 91.60, and then 92.31. IF the support is the level which will give way, this would be an indication that yesterday’s rise has shown all that it could, and the pair will slip again towards 89.33, and may be the important bottom 88.53. Support: • 90.06: Fibonacci 61.8% for the short term. • 89.33: Jan 26th low. • 88.53: Feb 4th important bottom. Resistance: • 90.60: Fibonacci 61.8% for the drop from 92.13. • 91.60: Oct 29th high. • 92.31: Oct 26th high. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. For information on our Forex Quotes see ForexPros. jordanita on "Notional FX Trading" http://forum.currenciesdirect.net/topic.php?id=153#post-311 Wed, 10 Mar 2010 18:13:48 +0000 jordanita 311@http://forum.currenciesdirect.net/ Does anybody know a book/website where i can learn about converting stake into notional trading contracts for different currencies- eg. eurusd, eurgbp ?? forexpros on "Forexpros.com Daily Analysis - 10/03/2010" http://forum.currenciesdirect.net/topic.php?id=152#post-310 Wed, 10 Mar 2010 10:36:18 +0000 forexpros 310@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 10, 2010 --- Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: Trade Balance Traders of the US anticipate the publication of the Trade Balance index. The index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments. Export data can give reflection on the US growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the USD. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of -41.00B. --- Euro Dollar The Euro broke the support 1.3595, and stopped only 7 pips below the suggested target, and created another bottom in the same area of last Friday's low (1.3529). This boring behavior, and moving back and forth in almost the same areas in the past days, made us wonder if we could be in a triangle of some sort. If this is true, the triangle limits are 1.3673 & 1.3557, but we will espouse Fibonacci 61.8% support & resistance at 1.3566 & 1.3639 to be today's levels. We can only hope to end this boredom with a break of one of these levels. If the resistance at 1.3639 is broken, we expect the Euro to jump and test the top of the falling channel at 1.3729. And if this important resistance is broken too, we will see the Euro flying to 1.3810. On the other hand, if the support at 1.3566 is broken, we expect a test of the rising trend line from 1.3442 as a first target (this line is currently running at 1.3472), and if broken we will reach a fresh cycle low at 1.3390. Support: * 1.3566: Fibonacci 61.8% for the short term. * 1.3472: the rising trend line from 1.3442 on the hourly charts. * 1.3390: Apr 13th high. Resistance: * 1.3639: Fibonacci 61.8% for the short term. * 1.3729: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term. * 1.3810: Feb 10th high. --- USD/JPY After Fibonacci resistance 90.66 has succeeded in reversing the short term direction, the price traded under it for the whole past 24 hours, reaching a low of 89.61, and drifting away more than 100 pips from the weekly high, which is in total agreement with Fibonacci analysis that suggests we had a short term direction-changing top at 90.66.This rebound from Fibonacci retracement level with very good accuracy is evidence that the general direction of the short-term is down. If this turns out to be true, we will see the Dollar-Yen breaking the nearby support 89.69, and trying to attack the Fibonacci support 89.09 which will act as a first target for this break, and in case this level is broken, we can say that the drop from 90.66 is more than a correction. If this level is also broken, the target would be 88.46, on the way to lower targets. As for the resistance it is provided by short term Fibonacci 61.8% resistance, at 90.26. If this line is broken, we will be on the way to another weekly high, since the targets for such a break would be 90.84 & the well known important resistance 91.67. Support: * 89.69: Fibonacci 50% for the short term. * 89.09: Fibonacci 61.8% for the short term. * 88.46: previous hourly support. Resistance: * 90.26: Fibonacci 61.8% for the drop from this week's high. * 90.84: Nov 5th & 6th high. * 91.67: previous hourly support. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. For information on our Forex Quotes see ForexPros. forexpros on "Forexpros.com Daily Analysis - 09/03/2010" http://forum.currenciesdirect.net/topic.php?id=151#post-309 Tue, 09 Mar 2010 11:08:54 +0000 forexpros 309@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 9, 2010 Fundamental Analysis: JPY - GDP (QoQ) Traders anticipate the publication of the Gross Domestic Product (GDP). It is the broadest measure of economic activity and is a key indicator for the economy's health. The quarterly percent changes in GDP shows the growth rate of the economy as a whole. A higher than expected reading should be taken as positive/bullish for the JPY, while a lower than expected reading should be taken as negative/bearish for the JPY. Analysts predict a reading of 1.00%. --- Euro Dollar The slightly surpassed 1.37, but only to retreat right after. We believe that the most important thing that happened in the past 24 hours is the Euro’s inability to overcome 1.3734, the point from which the 5 waves down started (please refer to the chart). And as we said yesterday, as long as the price is below this level, we are closer to a downtrend, and also, this wave count will be valid. Short term support is provided by Fibonacci 61.8% at 1.3595, and it was touched down to the point while writing this report. If the price holds above it we can hope for a bounce, especially if the price breaks short term resistance 1.3648. If this level is broken, the price will start to rise strongly, and this strong rise will be able to break 1.37, targeting 1.3755 and may be 1.3838. But as we said, we should pay attention to the Euro’s ability to break 1.3734 or not, since this hold a special importance. If the price goes back down, and breaks 1.3595, we expect the pair to fall to 1.3529, and at a later time to continue towards the 1.34 areas where there is 1.3459. Support: • 1.3595: Fibonacci 38.2% for the short term. • 1.3529: Friday’s low. • 1.3459: Mar 1st low. Resistance: • 1.3648: the falling trend line from yesterday’s high on intraday charts. • 1.3755: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term. • 1.3838: Feb 9th high. --- USD/JPY Fibonacci resistance 90.66 has succeeded in reversing the short term direction, the price fell to 89.86 this morning, before barely going above 90 again. This rebound from Fibonacci retracement level with very good accuracy is evidence that the general direction of the short-term is down. If this turns out to be true, we will see the Dollar-Yen breaking the nearby support 89.90, and trying to attack the Fibonacci support 89.09 which will act as a first target for this break, and the level that if broken, we can say that the drop from 90.66 is more than a correction. If this level is also broken, the target would be 88.46, on the way to lower targets. As for the resistance it is provided by the falling trend line from this week’s high so far 90.66, which is at 90.21. If this line is broken, we will be on the way to another weekly high, since the targets for such a break would be 90.84 & the well known important resistance 91.67. Support: • 89.90: intraday support. • 89.09: Fibonacci 61.8% for the short term. • 88.46: previous hourly support. Resistance: • 90.21: the falling trend line from 90.66 • 90.84: Nov 5th & 6th high. • 91.67: previous hourly support. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. For information on our Forex Quotes see ForexPros. <a href="http://www.forexpros.com/quotes/" rel="nofollow">http://www.forexpros.com/quotes/</a> __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. forexpros on "Forexpros.com Daily Analysis - 08/03/2010" http://forum.currenciesdirect.net/topic.php?id=150#post-308 Mon, 08 Mar 2010 09:48:14 +0000 forexpros 308@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 8, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: GBP - Trade Balance European traders anticipate the publication of the Trade Balance index. The index measures the difference in worth between exported and imported goods (exports minus imports). This is the largest component of a country's balance of payments. Export data can give reflection on the UK growth. Imports provide an indication of domestic demand. Because foreigners must buy the domestic currency to pay for the nation's exports, it may have sizable affect on the GBP. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. Analysts predict a reading of -7.00B. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro is approaching 1.37 as these words are written, and it has topped Fibonacci 76.4% for the short term (1.3686) with very few points, before retreating marginally to 1.3667. We have attached a chart with a suggested wave count, in which there is a set of 5 clear waves, with all the Elliott rules respected within this set. Thus, as long as the Euro is below the point which started this set, we assure the downtrend is in control, and we assume that the rise from 1.3529 on Friday which is approaching 1.37 now, is only a corrective one. The resistance 1.3686 will be resistance of the day. If this level is broken, the Euro will jump to .3769 & may be 1.3838 as well. If the price starts to go above 1.37, it is important to keep an eye on 1.3734, because this top has a lot of “Elliott” importance (since below it: downtrend, and above it: uptrend). As for the support it is at 1.3652, breaking it would target 1.3590, and Friday’s bottom 1.3529 which may be important. Support: • 1.3652: Fibonacci 38.2% for the short term. • 1.3590: Fibonacci 61.8% for the short term. • 1.3529: Friday’s low. Resistance: • 1.3686: Fibonacci 76.4% for the drop from 1.3734. • 1.3769: the top of the falling channel on the hourly charts, and a very important resistance for the short term & the medium term. • 1.3838: Feb 9th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the resistance specified in Friday’s report 89.46, and moved exactly as expected, targeting Fibonacci levels, and reaching both suggested targets 90.22 & 90.67 successfully & accurately (today’s high so far is 90.66. Fibonacci resistance 90.60 will be the most important for today, especially after the price has reached it & came back down to the Asian session low. The next few hours will be a match between a very sharp rising correction & a Fibonacci retracement level determined to stop it. If this resistance is broken, the correction will go on and will target 91.18 & the important 91.67. Support: • 90.29: hourly support. • 89.69: Fibonacci 38.2% for the short term. • 89.09: Fibonacci 61.8% for the short term. Resistance: • 90.60: Fibonacci 61.8% for the drop from 92.31. • 91.18: hourly resistance. • 91.67: previous hourly support. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 04/03/2010" http://forum.currenciesdirect.net/topic.php?id=149#post-307 Thu, 04 Mar 2010 10:07:23 +0000 forexpros 307@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 4, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: US Unemployment Rate Traders of the US anticipate the publication of the Unemployment Rate, which is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in the US. A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in the US and should be taken as positive for the USD. Analysts predict a reading of 9.80%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro stopped only 8 pips below the support specified in yesterday’s report, and rocketed once again, breaking the resistance 1.3653, and stopping only 5 pips below our suggested target 1.3740. Today, we see its best to count on short term levels to lead the way for the single currency on the short term. Short term support is at Fibonacci 61.8% for the micro term (which the price stopped accurately at almost an hour ago). If we break this level, the Euro will start a drop that we expect to be strong, and will target the most important support (for the short term) 1.3549, and if this level is also broken, the drop will go on, and we will probably see another weekly low below Tuesday’s 1.3434. As for the resistance, it is provided by the falling trend line from yesterday’s high, and is currently at 1.3691. If broken, the Euro will continue this sharp rise, and will target 1.3799 & 1.3885. Support: • 1.3645: Fibonacci 61.8% for the micro term. • 1.3549: Fibonacci 61.8% for the short term. • 1.3434: Tuesday’s low. Resistance: • 1.3691: the falling trend line from yesterday’s high on intraday charts. • 1.3799: Feb 11th high. • 1.3885: Feb 2nd low. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support 88.53 only to stop in the middle of the way to the suggested target, settling for 88.31. This break gives chance to more drop, but on one important condition. This condition is to stay below, and not break, the falling trend line from 92.13, which is currently only pips above the current price, at 88.53. If the price stays below this line, more drop is to be expected. Short term support is at 88.31, and if broken we will move slowly towards 87, where the targets 87.72 & 87.00 awaits. The technical outlook stays negative as long as we are below the resistance of the day 88.53. But in case this level is broken, USDJPY will enter a long awaited correction for the whole drop from 92.13, with the ideal targets at Dow & Fibonacci levels 89.58 & 90.22. Support: • 88.31: Asian session low. • 87.72: Dec 10th low. • 87.00: Nov 27th high. Resistance: • 88.53: the falling trend line from 92.13 on the hourly charts, the upper limit for the downtrend. • 89.58: Dow 33.3% for the drop from 92.31. • 90.22: Fibonacci 50% for the drop from 92.31. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 03/03/2010" http://forum.currenciesdirect.net/topic.php?id=148#post-306 Wed, 03 Mar 2010 10:04:33 +0000 forexpros 306@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 3, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: Interest Rate Decision European traders anticipate the publication of the European Central Bank (ECB) decision on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the EUR, while a lower than expected rate is negative/bearish for the EUR. Analysts predict a reading of 1.00%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the support specified in yesterday’s report 1.3465, but it did not break the important bottom 1.3422. Then it bounced back very sharply, breaking the resistance 1.3578 and successfully reaching the first suggested target 1.3652 with astonishing accuracy (the high so far is 1.3653). Evidence now shows that there is a respectable probability that we have formed a short term top at 1.3653. Such evidence is provided by the overbought indicators, stopping at a well known resistance, and the retreat that started immediately after reaching the target. If this turns to be the case, the price will fall, and break short term support 1.3600. And here, the odds will clearly favor a short term drop. Ideal targets would be the important 1.3517, and if broken 1.3450. We do not advise to take any kind of bias towards the Euro before breaking the current daily high 1.3653. If this happens, the Euro’s uprising will continue, targeting 1.3740 & 1.3810. Support: • 1.3600: Fibonacci 23.6% for the short term & 38.2% for the micro term. • 1.3517: Fibonacci 61.8% for the short term. • 1.3450: Feb 25th low. Resistance: • 1.3653: important resistance level on hourly charts. • 1.3740: previous well known resistance area. • 1.3810: Feb 10th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support 88.81 only to stop in the middle of the way to the suggested target, settling for 88.46. This break gives chance to more of the drop, but on one important condition. This condition is to stay below, and not break, the falling trend line from 92.13, which is currently only pips below the current price, at 88.88. If the price stays below this line, more drop is to be expected. Short term support is at 88.53, and if broken we will move slowly towards 88, where the targets 88.00 & 87.35 awaits. The technical outlook stays negative as long as we are below the resistance of the day 88.88. But in case this level is broken, USDJPY will enter a long awaited correction for the whole drop from 92.13, with the ideal targets at Dow & Fibonacci levels 89.68 & 90.30. Support: • 88.53: the most important support on intraday charts. • 88.00: Fibonacci 61.8% for the short term. • 87.35: Dec 9th low. Resistance: • 89.88: the falling trend line from 92.13 on the hourly charts, the upper limit for the downtrend. • 89.68: Dow 33.3% for the drop from 92.31. • 90.30: Fibonacci 50% for the drop from 92.31. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> Hiwi on "Forexpros.com Daily Analysis - 18/01/2010" http://forum.currenciesdirect.net/topic.php?id=121#post-305 Tue, 02 Mar 2010 17:55:58 +0000 Hiwi 305@http://forum.currenciesdirect.net/ This thread is very old. but informations are very good. Blog: <a href="http://www.Forex-Signale-Live.de" rel="nofollow">http://www.Forex-Signale-Live.de</a> forexpros on "Forexpros.com Daily Analysis - 02/03/2010" http://forum.currenciesdirect.net/topic.php?id=147#post-304 Tue, 02 Mar 2010 11:06:43 +0000 forexpros 304@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 2, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: ADP Nonfarm Employment Change Traders of the US anticipate the publication of the ADP National Employment Report tomorrow March 2. The report measures the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data, is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of -10.00K. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro stopped only 4 pips above the resistance specified in yesterday’s report 1.3648, and fell hard, breaking the support 1.3589, and successfully reaching the first suggested target 1.3496. It also came sort of close to the second target 1.3442 (yesterdays low was 1.3459). We note on the attached chart that yesterday’s low came very close to the trend line slowly rising from 1.3422, to the extent that it could be considered as a 3rd touch of the line. Thus, this line has gained more importance. Usually, when the price stops and creates a series of bottoms that are so close to each other (1.3442, 1.3450 & yesterday 1.3459), and provides us a slightly rising trend line as it is the case, a break of this line will result in a big move on the medium term, and this is to be expected here. A break of this line could result in a move approaching 1.30 in a very few weeks. For the short term, the above mentioned line provides support at 1.3465, and if it gets broken, we see the Euro falling to 1.3390 & 1.3299. The resistance is provided by Fibonacci 61.8% for the short term at 1.3578, and if broken the Euro will catch a breath, and jump to 1.3652, and may be 1.3740. Support: • 1.3465: the slightly rising trend line from 1.3422. • 1.3390: Apr 13th high. • 1.3299: Apr 24th high. Resistance: • 1.3578: Fibonacci 61.8% for the short term. • 1.3652: important resistance level on hourly charts. • 1.3740: previous well known resistance area. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Not a lot of motion in the past 24 hours, it seems that this pair is still building a base, in a step to change short term direction. Today, we see the Dollar-Yen trying to break the falling trend line from 89.48 on the intraday charts. If it succeeds in doing so, we will be in front of a new trend in a new week. This trend line is very close to the resistance 89.39, and that is why this resistance will be resistance of the day. Breaking it would indicate this pair is targeting the short term Fibonacci retracement levels, and the major 3 levels are at 90.02, 90.43 & 90.83. We picked the first and last of them as targets for the 89.39 break. As for the resistance 88.81 has shown strength so far (please refer to the attached chart). We will adopt it as support of the day, and if it is broken, we ill not get out new trend today, the fall will continue, and the next set of targets will be 88.00 & 87.35, most of them are notably important support levels. Support: • 88.81: Oct 7th low. • 88.00: Fibonacci 61.8% for the short term. • 87.35: Dec 9th low. Resistance: • 89.39: the slightly falling trend line from 89.48 on the intraday charts. • 90.02: Fibonacci 38.2% for the drop from 92.31. • 90.83: Fibonacci 38.2% for the drop from 92.31. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 01/03/2010" http://forum.currenciesdirect.net/topic.php?id=146#post-303 Mon, 01 Mar 2010 10:22:22 +0000 forexpros 303@http://forum.currenciesdirect.net/ ForexPros Daily Analysis March 1, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Mon, Mar 15, 2010, 11:00 EST This session will discuss the proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: Existing Home Sales Traders of North America anticipate the decision of the Bank of Canada (BOC) on short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. Analysts predict the reading will stay at a rate of 0.25%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the resistance specified in Friday’s report 1.3617, only to reach 1.3681. And after falling again closer to 1.36, the resistance 1.3648 came back into play, but the most important resistance in these areas is provided by the falling trend line from 1.3838 which is currently at 1.3713. We see that a break of 1.3648 means that the price will be heading to test the most important resistance (1.3713) as a first target for this break. And if this is also broken, we will head towards the second target 1.3810. The support is at 1.3589, and breaking it would leave us with no reason to wait for a test of 1.3713 in the short term. On the contrary we will be closer to a new test of the important support area between Wednesday’s low 1.3450, and Feb 18th low 1.3442. If the Euro breaks support at 1.3589, the downtrend will resume, targeting 1.3496 & 1.3442. Support: • 1.3589: the low since this week’s open. • 1.3496: Feb 18th low. • 1.3442: Feb 19th low. Resistance: • 1.3648: important intraday top. • 1.3713: the falling trend line from 1.3838. • 1.3810: important resistance level on hourly charts. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support specified in Friday’s report 89.50, but it stopped 19 pips before the suggested target 88.53. And as we start a new week, we see the Dollar-Yen trying to break the falling trend line from 92.31 on the intraday charts. If it succeeds in doing so, we will be in front of a new trend in a new week. This trend line is very close to the resistance 89.34, and that is why this resistance will be resistance of the day. Breaking it would indicate this pair is targeting the short term Fibonacci retracement levels, and the major 3 levels are at 90.02, 90.43 & 90.83. We picked the first and last of them as targets for the 89.34 break. As for the resistance 88.81 has shown strength so far (please refer to the attached chart). We will adopt it as support of the day, and if it is broken, we ill not get out new trend today, the fall will continue, and the next set of targets will be 88.00 & 87.35, most of them are notably important support levels. Support: • 88.81: Oct 7th low. • 88.00: Fibonacci 61.8% for the short term. • 87.35: Dec 9th low. Resistance: • 89.34: Fibonacci 38.2% for the short term. • 90.02: Fibonacci 38.2% for the drop from 92.31. • 90.83: Fibonacci 38.2% for the drop from 92.31. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 25/02/2010" http://forum.currenciesdirect.net/topic.php?id=145#post-302 Thu, 25 Feb 2010 10:45:30 +0000 forexpros 302@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 25, 2010 Free webinar on ForexPros - Using Chart Patterns to Recognize Trends in the Market Expert: Anthony Cherniawski When: Today, Mar 15, 2010, 15:00 GMT Anthony Cherniawski, Manager of The Practical Investor, LLC combines his proprietary cycles studies with other patterning devices and techniques to enhance the accuracy of cycle projections and trades. This multi-disciplinary approach may help improve the outcome of trading decisions for beginning and even experienced traders. The use of chart patterns, Elliott Wave, trend lines and even Japanese Candlesticks provide a means of raising the probability of success in trading the markets. Tony specializes in swing trading and directional (trend) trading in exchange traded funds. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154" rel="nofollow">http://www.forexpros.com/live-events/webinars/using-chart-patterns-to-recognize-trends-in-the-market-11154</a> --- Fundamental Analysis: Existing Home Sales Traders of the US anticipate the publication of the Existing Home Sales report. It measures the annualized number of existing residential buildings that were sold during the previous month. This report helps to analyze the strength of the US housing market, which helps to analysis the economy as a whole. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a future reading of 5.5 M. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the support specified in yesterday’s reports 1.3514, dropped about 70 pips without reaching the suggested target 1.3422. Also, the price managed to keep trading above last Friday’s low, the important bottom 1.3442. Today, we see this support as the most important, and if the price stays above it, the odds of rising will be bigger. But these odds will suffer a severe hit once we break this level, even with very few pips. If 1.3442 gets broken, we see the Euro continuing the drop that started yesterday at 1.3625, and we see it leaving the 1.34 areas targeting 1.3384 as a first target for this break, and 1.3299 as a second target. The resistance is at 1.3495, and breaking it would indicate we are correcting yesterday’s drop. The ideal target for such a correction would be 1.3558, and if broken, the Euro will show enough strength to jump to 1.3632, and may be more. Support: • 1.3442: Feb 19th low. • 1.3384: Jan 19th 2009 high. • 1.3299: Apr 24th high. Resistance: • 1.3495: Feb 17th high. • 1.3558: Fibonacci 61.8% for the short term. • 1.3632: the falling trend line from 1.4192. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support specified in yesterday’s report 89.90 and stopped only 8 pips before reaching the first suggested target 89.22. Breaking 89.90 holds a lot of importance on the technical side, because this area was the most important support for the short term, and because breaking it indicates the drop from 92.31 is (probably) not just a corrective one, and that is why it will go on, on the short term. Yesterday’s target 89.22, will be today’s support, and if the price manages to break it, we will move towards the next set of targets in the 88 area, most important of which are 88.53 & 88.00. As for the resistance, it is at 89.75, and breaking it would indicate this pair is targeting the short term Fibonacci retracement levels, and the major 3 levels are at 90.39, 90.72 & 91.05. We picked the first and last of them as targets for the 89.75 break. Support: • 89.22: Feb 10th low. • 88.53: Feb 4th low. • 88.00: Fibonacci 61.8% for the short term. Resistance: • 89.75: the most important resistance on the hourly chart. • 90.39: Fibonacci 38.2% for the short term. • 91.05: Fibonacci 61.8% for the short term. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 24/02/2010" http://forum.currenciesdirect.net/topic.php?id=144#post-301 Wed, 24 Feb 2010 10:39:45 +0000 forexpros 301@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 24, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Today, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: Fed Chairman Bernanke Testifies Traders of the US look forward to Ben Bernanke, US Federal Reserve Chairman, who will be testifying in Washington DC, regarding America's economic outlook and financial markets. His comments may determine a short-term positive or negative trend. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the resistance specified in yesterday’s report 1.3653 and came close to 1.37, before a total reversal took place, and the Euro fell so hard, breaking the support 1.3612, and reached the first suggested target 1.3544 successfully, and stopped only 4 pips before the second. After this collapse, we ask ourselves, will the Euro be able to bounce back? The most important support for the short term is at 1.3514, where there is the rising trend line from Friday’s low. If this line is broken, the fall will continue, targeting areas below the latest bottom 1.3442, most important of which for today are 1.3422 & then 1.3338.The resistance is provided by the short term 61.8% Fibonacci level at 1.3615. If broken, then the odds of breaking the important trend line demonstrated on the attached chart will be huge, and the price will jump to 1.3689 & 1.3787. Support: • 1.3514: the rising trend line from Feb 19th low on intraday charts. • 1.3422: May 18th low. • 1.3338: Apr 29th high. Resistance: • 1.3615: Fibonacci 61.8% for the short term. • 1.3689: Feb 23rd high. • 1.3787: Feb 17th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support specified in yesterday’s report 90.55, and reached the first suggested target 89.90 with an unbelievable accuracy (yesterday’s low was exactly 89.90). This support, which represents short term 61.8% Fibonacci level, will be the most important support for today. If broken, the drop that started with the “Reversal Day” pattern will carry on. The next set of targets will be 89.22 & may be 88.53. But if we hold above yesterday’s low, the odds of rising will be huge, even if for a correction. And if this turns out to be a rising correction, the ideal target would be at 91.02, and also, we could see a visit to the previous well known support/resistance area 91.63. Support: • 89.90: Fibonacci 61.8% for the short term. • 89.22: Feb 10th low. • 88.53: Feb 4th low. Resistance: • 90.28: Asian session high. • 91.02: Fibonacci 50% for the short term. • 91.63: previous well known support/resistance area. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 24/02/2010" http://forum.currenciesdirect.net/topic.php?id=143#post-300 Wed, 24 Feb 2010 10:39:11 +0000 forexpros 300@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 24, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Today, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: Fed Chairman Bernanke Testifies Traders of the US look forward to Ben Bernanke, US Federal Reserve Chairman, who will be testifying in Washington DC, regarding America's economic outlook and financial markets. His comments may determine a short-term positive or negative trend. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the resistance specified in yesterday’s report 1.3653 and came close to 1.37, before a total reversal took place, and the Euro fell so hard, breaking the support 1.3612, and reached the first suggested target 1.3544 successfully, and stopped only 4 pips before the second. After this collapse, we ask ourselves, will the Euro be able to bounce back? The most important support for the short term is at 1.3514, where there is the rising trend line from Friday’s low. If this line is broken, the fall will continue, targeting areas below the latest bottom 1.3442, most important of which for today are 1.3422 & then 1.3338.The resistance is provided by the short term 61.8% Fibonacci level at 1.3615. If broken, then the odds of breaking the important trend line demonstrated on the attached chart will be huge, and the price will jump to 1.3689 & 1.3787. Support: • 1.3514: the rising trend line from Feb 19th low on intraday charts. • 1.3422: May 18th low. • 1.3338: Apr 29th high. Resistance: • 1.3615: Fibonacci 61.8% for the short term. • 1.3689: Feb 23rd high. • 1.3787: Feb 17th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support specified in yesterday’s report 90.55, and reached the first suggested target 89.90 with an unbelievable accuracy (yesterday’s low was exactly 89.90). This support, which represents short term 61.8% Fibonacci level, will be the most important support for today. If broken, the drop that started with the “Reversal Day” pattern will carry on. The next set of targets will be 89.22 & may be 88.53. But if we hold above yesterday’s low, the odds of rising will be huge, even if for a correction. And if this turns out to be a rising correction, the ideal target would be at 91.02, and also, we could see a visit to the previous well known support/resistance area 91.63. Support: • 89.90: Fibonacci 61.8% for the short term. • 89.22: Feb 10th low. • 88.53: Feb 4th low. Resistance: • 90.28: Asian session high. • 91.02: Fibonacci 50% for the short term. • 91.63: previous well known support/resistance area. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> Wirtus on "EURO?" http://forum.currenciesdirect.net/topic.php?id=38#post-299 Tue, 23 Feb 2010 13:59:34 +0000 Wirtus 299@http://forum.currenciesdirect.net/ Blog: <a href="http://www.broker-vergleich-online.de" rel="nofollow">http://www.broker-vergleich-online.de</a> forexpros on "Forexpros.com Daily Analysis - 23/02/2010" http://forum.currenciesdirect.net/topic.php?id=142#post-298 Tue, 23 Feb 2010 09:55:49 +0000 forexpros 298@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 23, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Tomorrow, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: New Home Sales Traders of the US anticipate the publication of the New Home Sales report. It measures the annualized number of new residential buildings that were sold during the previous month. This report helps to analyze the strength of the US housing market, which helps to analysis the economy as a whole. The new home sales report is quite volatile and subject to huge revisions. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a reading of 350K. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the support 1.3618 and traveled more than half the way to the target 1.3544 (yesterday’s low 1.3572). The modest drop came after 1.3653 successfully reversed the short term direction. That is why we will consider this top to be resistance of the day. If the price continue to show strength, and broke this resistance, the current rise will go on for the short term at least. We see today’s most important target for such a break will be the test of the falling trend line from 1.3838, which is currently at 1.3737. And if broken the next target will be 1.3810. But if 1.3653 holds, and succeeds in reversing short term correction, then the price will fall to support 1.3612, and if broken the targets will be 1.3544 (which may be an ideal target for such a drop, and then 1.3491. Support: • 1.3612: a rising trend line on the intraday charts. • 1.3544: short term 50% Fibonacci level. • 1.3491: the rising trend line from Feb 19th low on intraday charts. Resistance: • 1.3653: Important intraday top. • 1.3737: the falling trend line from 1.3838 on the hourly chart. • 1.3810: important intraday top. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> The clear “Reversal Day” pattern proved its strength. As we have expected, the price started to fall immediately after breaking 91.55, reaching 90.84 until now (but without reaching the suggested target 90.40). As we said yesterday, the “Reversal Day” pattern is one of the strongest & most reliable reversal patterns, that is why we will keep our bias towards the Yen, but with caution, because as we get closer & closer to the channel bottom, the odds of a rising correction gets bigger & bigger. Short term most important support is the bottom of the rising channel on the hourly chart which is currently at 90.55. We do not recommend going short before it is broken. If this break takes place, the price will drop targeting 89.90, and then 89.22. Resistance is at Fibonacci 38.2% for the short term 91.37, breaking it would mean that we already have a rising correction (at least). Targets of such a break are 92.31 & 93.08. Support: • 90.55: the bottom of the rising channel on the hourly chart. • 89.90: Feb 15th low. • 89.22: Feb 10th low. Resistance: • 91.37: Fibonacci 38.2% for the short term. • 92.31: Oct 27th high. • 93.08: Jul 22nd low. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 22/02/2010" http://forum.currenciesdirect.net/topic.php?id=141#post-297 Mon, 22 Feb 2010 09:51:33 +0000 forexpros 297@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 22, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> Fundamental Analysis: German Ifo Business Climate Index European traders look forward to the publication of the German Ifo Business Climate Index. The German Information and Foschung (Ifo) Business Climate Index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from survey of about 7,000 businesses. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a rise from the past reading to a reading of 96.3. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke Friday’s resistance 1.3507 and successfully reached the first suggested target 1.3572, before hitting the second target 1.3653 after the open with astonishing accuracy (the high until the moment of preparing this report is 1.3652). That is why we will consider this top to be resistance of the day. If the price continue to show strength, and broke this resistance, the current rise will go on for the short term at least. We see today’s most important target for such a break will be the test of the falling trend line from 1.3838, which is currently at 1.3737. And if broken the next target will be 1.3810. But if 1.3653 holds, and succeeds in reversing short term correction, then the price will fall to support 1.3618, and if broken the targets will be 1.3544 (which may be an ideal target for such a drop, and then 1.3491. Support: • 1.3618: the confirmation level for the “Engulfing pattern” on the hourly chart. • 1.3544: short term 50% Fibonacci level. • 1.3284: the rising trend line from Feb 19th low on intraday charts. Resistance: • 1.3653: Important intraday top. • 1.3737: the falling trend line from 1.3838 on the hourly chart. • 1.3810: important intraday top. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen was not able to break the support 91.51 or the resistance 92.31 on Friday. But in spite of a relatively limited trading range, it has left us a very important signal on the charts, which is a clear “Reversal Day” pattern. This pattern is one of the strongest reversal formations, and most successful ones. Thus, we will immediately take the Yen side. We expect this pair to start falling once we break the short term support 91.55, which we trade pips above right now. IF the support at 91.55 is broken, we will witness a strong drop targeting 90.40 as a first target, and maybe we will also see 89.90. But if the price holds above this support, we could see a price behaviour negating this outlook, and we could see a test of the resistance 92.31. If this resistance is broken, the strength signs from last week will continue to achieve gains, with the next set of targets at 93.08 & the important 93.75. Support: • 91.55: important intraday bottom. • 90.40: the bottom of the rising channel on the hourly chart. • 89.90: Feb 15th low. Resistance: • 92.31: Oct 27th high. • 93.08: Jul 22nd low. • 93.75: Jan 8th top. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 18/02/2010" http://forum.currenciesdirect.net/topic.php?id=140#post-296 Thu, 18 Feb 2010 09:35:12 +0000 forexpros 296@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 18, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> Fundamental Analysis: US CPI (MoM) Traders of the US look forward to the publication of the Consumer Price Index (CPI). The index measures the changes in the price of goods and services. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in the US. A higher than expected reading should be taken as positive/bullish for the USD (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the USD. Analysts predict a rise from the past reading to a reading of 0.30%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro stopped just 8 pips above the resistance specified in yesterday's report 1.3778, before collapsing completely, breaking the support 1.3740 and successfully reaching both suggested targets 1.3685 & 1.3626. As we always say, stopping close enough to a Fibonacci resistance is an evidence of a downtrend, and this is what happened yesterday. Today, it seems we will have a correction for yesterday's huge drop, before continuing to go lower is such a strong downtrend. Intraday support 1.3562 is an important support, and as long as we hold above it, the odds for having our correction will be immense. But, if we break it, this sharp strong drop will go on and the next set of targets will be the very important support 1.3482 & if broken 1.3422. On the other hand, if we survive above 1.3562, we will test the resistance 1.3594, and if broken the correction will be immediately initiated, wit an ideal target at 1.3671, and if broken the next target will be 1.3724. Support: • 1.3562: the most important intraday support. • 1.3482: Fibonacci 61.8% for the long term. • 1.3422: May 18th low. Resistance: • 1.3594: Feb 12th low. • 1.3671: Fibonacci 50% for yesterday's collapse. • 1.3724: hourly resistance. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> As expected, the Dollar-Yen maintained trading inside the channel we talked about yesterday, broke the resistance 90.53 & successfully reached the first suggested target 91.14. its only coincidence that short term Fibonacci 61.8% is almost at this level, specifically at 91.15. If it is broken, we will continue to rise and target the important Fibonacci 61.8% at 91.76. And this is an important resistance that if it is broken we can say with confidence that the Dollar has freed itself from short term downtrend. The first target of this "freedom" will be Oct 27th top 92.31. Short term resistance is at 90.80, and breaking it would reverse the strength signs we have seen in the past two days, creating a modest surprise. If this surprise actually happens, then we will target the most important short term support at 90.12, and only if broken we expect the Dollar-yen to reach 89.54. Support: • 90.80: Asian session low. • 90.12: the bottom of the rising channel on the hourly chart. • 89.54: Feb 11th low. Resistance: • 91.15: short term Fibonacci 61.8% resistance. • 91.76: Fibonacci 61.8% for the whole drop from 93.75. • 92.31: Oct 27th high. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> For information on US dollar index see ForexPros. <a href="http://www.forexpros.com/quotes/us-dollar-index" rel="nofollow">http://www.forexpros.com/quotes/us-dollar-index</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> myTradingWeek on "No negative month performance" http://forum.currenciesdirect.net/topic.php?id=118#post-295 Wed, 17 Feb 2010 11:41:36 +0000 myTradingWeek 295@http://forum.currenciesdirect.net/ G/U Analysis/Prediction Feb.17 Today we can reach 5850 are for gu which is an important fibo/resistance level….we have supports at 5760 and 5730 and resistances at 5805/15 and 5850 area….Going long off supports and possibly shorting from upper resistance should bank us some pips… forexpros on "Forexpros.com Daily Analysis - 17/02/2010" http://forum.currenciesdirect.net/topic.php?id=139#post-294 Wed, 17 Feb 2010 10:01:25 +0000 forexpros 294@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 17, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: BOJ Press Conference The Bank of Japan will be holding a press conference, their preferred method of communicating with investors. Topics at such conferences generally include economic outlook, inflation and changes in interest rates. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the resistance 1.3720 and successfully and accurately reached the first suggested target 1.3778 (the high until the moment of preparing this report is 1.3780). This break moves the importance to the most important Fibonacci resistance for the short term at 1.3836, where we see a double importance for today. Breaking this level would indicate that the Euro has broken free from pressure and downtrend (for the short term at least), and we will await any signals of a direction change for the medium term. Short term resistance is at 1.3778 and we are trading pips below it now. If it is broken, we would target a test of the most important 1.3836, and if broken, we would target 1.3911 as a first, temporary, modest target on the way higher. Short term support is at 1.3740 and if broken, The Euro would settle for a 1.3780 as a short term top, and a drop would already be underway, targeting 1.3685 & 1.3626. Support: • 1.3740: an obvious support on the hourly chart. • 1.3685: Fibonacci 38.2% for the short term. • 1.3626: Fibonacci 61.8% for the short term. Resistance: • 1.3778: Fibonacci 50% for the last drop from 1.4025. • 1.3836: Fibonacci 61.8% for the last drop from 1.4025. • 1.3911: Jan 29th low. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> The Dollar-Yen maintained trading above the support specified in yesterday’s report 89.70 (the low after issuance of the report was 89.77), and it rose modestly to break 90.22 and only reaching 90.49. This behaviour is a continuation for the slow advancement activity that we have seen recently, which as it is shown on the chart, is trading inside a slowly rising channel. As long as we are trading inside this channel we expect more of the same. The bottom of the channel is at 89.90 and this is the most important support for the short term. If broken, a drop will be initiated targeting 89.12 & 88.23 all over again. The resistance is at Jan 26th & 28th top 90.53, and breaking it would indicate that this rising trend will accelerate, targeting Fibonacci levels 91.14 & 91.76 all over again. Support: • 89.90: the bottom of the rising channel on the hourly chart. • 89.12: Jan 27th low. • 88.23: Fibonacci 61.8% for the whole move from 84.81 to 93.75. Resistance: • 90.53: Jan 26th & 28th highs. • 91.14: Fibonacci 50% for the whole drop from 93.75. • 91.76: Fibonacci 61.8% for the whole drop from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. For information on currency trading see ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 16/02/2010" http://forum.currenciesdirect.net/topic.php?id=138#post-293 Tue, 16 Feb 2010 09:55:03 +0000 forexpros 293@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 16, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: FOMC Meeting Minutes Traders of the US anticipate the publication of the Federal Open Market Committee (FOMC) Meeting Minutes. They are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes provide detailed insights regarding the FOMC's stance on monetary policy, so currency traders carefully comb them for clues regarding future interest rate shifts. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro did not break the resistance nor the support specified in yesterday’s report, and traded in a tight range for the past 24 hours. The resistance that is considered the upper limit for the downtrend is 1.3720, and as long as the price is below this level, we favor more downside activity, But the technical outlook changes dramatically the minute this level is broken. The continuation of the downtrend is expected, as we are still trading below the falling trend line drawn from 1.3838. Short term support is are 1.3616 and breaking it would indicate that we have lived a short correction after Friday’s fall, and we are to continue falling today, targeting 1.3525 & 1.3422. But in case of breaking the resistance 1.3720, the odds of a short term uprising correction will be greater, and the ideal targets of such a correction are the Fibonacci levels 1.3778 & 1.3836. In case we get close to these areas, the resistance at 1.3836 will be important not just for the short term, but for the medium term as well. Support: • 1.3616: the rising trend line from 1.3530 on intraday charts. • 1.3525: May 14th low. • 1.3422: May 18th low. Resistance: • 1.3720: the falling trend line from 1.3838 on intraday charts. • 1.3778: Fibonacci 50% for the last drop from 1.4025. • 1.3836: Fibonacci 61.8% for the last drop from 1.4025. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Yesterday, Dollar-Yen did not break the support or resistance specified in the report, but it did break 89.83 during the Asian session. This break holds a lot of importance for the short term, since it is a break for the hourly trend line rising from the important bottom 88.53. Thus we will await a break of the Asian session low 89.70 to confirm the break of this trend line, and breaking it would enhance chances of a drop in the coming hours, targeting 89.12, and then the all important Fibonacci medium & long term support 88.23. The resistance stays at 90.22, and the negative technical outlook will not change unless we decisively break this resistance. If this break happens, we would target the important Fibonacci levels 91.14, and then what could be the most important resistance for short term 91.76. Support: • 89.70: the rising trend line from 88.53 on hourly charts. • 89.12: Jan 27th low. • 88.23: Fibonacci 61.8% for the whole move from 84.81 to 93.75. Resistance: • 90.22: Fibonacci 61.8% for the drop from 91.26 to 88.53. • 91.14: Fibonacci 50% for the whole drop from 93.75. • 91.76: Fibonacci 61.8% for the whole drop from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. For information on currency trading see ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> myTradingWeek on "No negative month performance" http://forum.currenciesdirect.net/topic.php?id=118#post-292 Tue, 16 Feb 2010 08:58:05 +0000 myTradingWeek 292@http://forum.currenciesdirect.net/ G/U Prediction/Analysis Feb. 16 We have been ranging on G/U for the past week…today we should see a test of the upper range at around 5760 area before sellers get in…supports at 5580 and 5670 and resistances at 5740-60 and the 5800 area…There is some key news this next 2 days for GBP so we should see some good movement….So going long off supports with trailing or tight stops should get some pips (unless we have a major sell-off)…Happy trading all… Wirtus on "EURO?" http://forum.currenciesdirect.net/topic.php?id=38#post-291 Mon, 15 Feb 2010 15:03:09 +0000 Wirtus 291@http://forum.currenciesdirect.net/ there is a consolidation forexpros on "Forexpros.com Daily Analysis - 15/02/2010" http://forum.currenciesdirect.net/topic.php?id=137#post-290 Mon, 15 Feb 2010 10:09:03 +0000 forexpros 290@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 15, 2010 Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: German ZEW Economic Sentiment European traders look forward to the publication of the German ZEW Economic Sentiment tomorrow, February 15. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment determines the sentiment of German institutional investors. Above 0 indicates optimism while below 0 indicates pessimism. It's a leading indicator of business conditions. The reading is concluded from survey of about 350 German institutional investors and analysts. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a decline from the past reading to a reading of 42.50. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke the support 1.3662 and fell strongly as we expected, reaching the first suggested target 1.3582 successfully, and stopping only 5 pips before the second target 1.3525, Which confirmed a continuation of the downtrend, and an inability of using any chance to create a notable correction. And today, the continuation of the trend is expected, as we are still trading below the falling trend line that is drawn on the attached chart. Short term support is are 1.3572 and breaking it would indicate that we have lived a short correction after Friday’s fall, and we are to continue falling today, targeting 1.3525 & 1.3422. But in case of breaking the resistance 1.3675, the odds of a short term uprising correction will be greater, and the ideal targets of such a correction are the Fibonacci levels 1.3778 & 1.3836. In case we get close to these areas, the resistance at 1.3836 will be important not just for the short term, but for the medium term as well. Support: • 1.3572: Apr 6th high. • 1.3525: May 14th low. • 1.3422: important line on intraday charts. Resistance: • 1.3675: last Wednesday’s low. • 1.3778: Fibonacci 50% for the last drop from 1.4025. • 1.3836: Fibonacci 61.8% for the last drop from 1.4025. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> For another day, Dollar-Yen frustrated our hopes for a big move, and stayed another day trading in very tight ranges, and very boring ones! We have not had our major move until now. But this very limited activity should come to an end soon, and a trend will be born, which will bring back some excitement to this pair, after a very boring week. Thus, we will await a break of the support or resistance of the day, and in case we get one, we expect to see a sizeable move in the direction of the break. Our eyes will be on the support 89.83, and breaking it would enhance chances of a drop in the first of this week, targeting 89.22, and then the all important Fibonacci medium & long term support 88.23. The resistance is at 90.22, and breaking it would target 91.14, and then what could be the most important resistance for short term 91.76. Support: • 89.83: the rising trend line from 88.53 on hourly charts. • 89.22: last Friday’s low. • 88.23: Fibonacci 61.8% for the whole move from 84.81 to 93.75. Resistance: • 90.22: Fibonacci 61.8% for the drop from 91.26 to 88.53. • 91.14: Fibonacci 50% for the whole drop from 93.75. • 91.76: Fibonacci 61.8% for the whole drop from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. For information on currency trading see ForexPros. <a href="http://www.forexpros.com/" rel="nofollow">http://www.forexpros.com/</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> myTradingWeek on "No negative month performance" http://forum.currenciesdirect.net/topic.php?id=118#post-289 Fri, 12 Feb 2010 09:29:50 +0000 myTradingWeek 289@http://forum.currenciesdirect.net/ Important Levels for today GBP/USD: 1.5650; 1.5660; 1.5740; 1.5750; 1.5800; 1.5850 EUR/USD: 1.3675; 1.3647; 1.3620; 1.3600; 1.3694 USD/CAD: 1.0440; 1.0545; 1.0570 NZD/USD: 0.7010; 0.7020; 0.7035; 0.6960; 0.6925 forexpros on "Forexpros Daily Analysis - 08/02/2010" http://forum.currenciesdirect.net/topic.php?id=133#post-282 Mon, 08 Feb 2010 13:34:54 +0000 forexpros 282@http://forum.currenciesdirect.net/ ForexPros Daily Analysis February 8, 2010 --- Free webinar on ForexPros - Mapping Out the Banking System & Foreign Exchange Dealing Process, Part II. Expert: Dan Cook When: Wed, Feb 24, 2010, 11:00 EST In the second installment of the Webinar ‘Mapping Out the Banking System & Foreign Exchange Dealing Process’, Dan Cook will take a deeper dive into the Foreign Exchange Market. Cook will start by discussing the interbank system and how it differs in form and functionality to the centralized exchange models used for trading stocks and commodities. From there, he will focus on broker-level dealing and discuss how retail brokers, whether ECN's or Dealing Desk models, make money. Cook will also take an inside look at dealing desks and speak frankly about the roles and responsibilities of a retail dealing desk, which will include an overview of how brokers hedge currency exposure. The goal of this Webinar is to help traders understand the nuances of the Forex market by shedding light on many of the aspects of currency trading that have previously been shrouded in mystery. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151" rel="nofollow">http://www.forexpros.com/live-events/webinars/mapping-out-the-banking-system---foreign-exchange-dealing-process,-part-ii:-11151</a> --- Fundamental Analysis: German CPI European traders look forward to the publication of the German Consumer Price Index (CPI) tomorrow, February 9. The index measures the changes in the price of goods and services. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in Germany. A higher than expected reading should be taken as positive/bullish for the EUR (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict no change in the future reading, a rate of -0.60%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro came very close to the 4-hour channel on Friday, after breaking the support specified in the report, and the drop stopped only 2 pips before the first suggested target 1.3852. With this move taking us close to the channel bottom, and then a fast bounce reaching 1.3666, the odds of an upside correction remains present, but we need a break of 1.3666 before we can say the odds favor that. Short-term resistance is at 1.3666, and breaking it would indicate that the price is already moving higher after the drop we witnessed last week, even if that was only for a short term correction. The targets for such a correction would be 1.3752 & 1.3805. While the support is at 1.3620, and breaking it would bring back Friday’s target under the spotlight: 1.3582 & 1.3516. Support: • 1.3620: the falling trend line drawn from Jan 21st bottom (1.4027) on the hourly chart. • 1.3582: Apr 6th high. • 1.3516: Apr 2nd high. Resistance: • 1.3666: short term resistance. • 1.3752: Fibonacci 38.2% for the last drop from 1.4025. • 1.3805: Fibonacci 50% for the last drop from 1.4025. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> The Pound dropped in a free fall after breaking the support specified in Friday’s report 1.5690, and reached the target 1.5614 successfully. This morning, a new bottom was reached at 1.5532. It seems that this sharp trend is not tired yet, especially after breaking the falling trend channel to the downside, which contributed to this sharp drop. Thus, we will maintain a negative outlook, as long as the price is trading below the bottom of the channel which is at 1.5704 currently. And even though the price is far from this level at the moment, we will consider this to be resistance of the day, and only if it is broken that we will change our long held negative outlook. If this surprise happens, and we break 1.5704 we will target short term Fibonacci retracement levels 1.5800 & 1.5862. As for the support it is at the nearby 1.5543, and breaking it would indicate that this Dollar tornado will not stop soon, targeting 1.5445 & the important 1.5350. Support: • 1.5543: intraday support. • 1.5614: Nov 28th 2008 high. • 1.5512: May 12th high. Resistance: • 1.5704 the bottom of the falling broken trend channel. • 1.5800: Fibonacci 50% for the last drop from 1.6067. • 1.3863: Fibonacci 61.8% for the last drop from 1.6067. --- Forex Trading Analysis written by Munther Marji for ForexPros. For information on currency trading see ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> myTradingWeek on "No negative month performance" http://forum.currenciesdirect.net/topic.php?id=118#post-280 Fri, 05 Feb 2010 10:51:07 +0000 myTradingWeek 280@http://forum.currenciesdirect.net/ G/U Prediction/Analysis Feb. 5 Today i see G/U retracing upward before NF news…very hard for me to believe we break 5706, this low on D1 without momentum…so a resistance at around 5760 and key levels at 5800 and 5850 … if we break D1 low early euro session we will fall to 5640 as my h4 t/p level…To add to my thinking for today…a long from 5706 which is d1 low with a 10 pip stop to the first resistance i pointed out and a short off the upper levels would be a good trade….i will post what the RSI is telling me when we get to those upper levels… forexpros on "Forexpros.com Daily Analysis - 25/01/2010" http://forum.currenciesdirect.net/topic.php?id=125#post-272 Mon, 25 Jan 2010 09:43:36 +0000 forexpros 272@http://forum.currenciesdirect.net/ ForexPros Daily Analysis January 25, 2010 Free webinar on ForexPros - The Effects of Forex on the Stock and Commodities Market Expert: Jeffrey Baskin When: Thursday, Jan 28, 2010, 11:00 EST In this webinar, we will discuss the Forex market and how it impacts the Stock and Commodities market. In addition to the pricing correlations and how you can find Forex trading opportunities using the synergy of all three markets. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/the-effects-of-forex-on-the-stock-and-commodities-market-11152" rel="nofollow">http://www.forexpros.com/live-events/webinars/the-effects-of-forex-on-the-stock-and-commodities-market-11152</a> --- Fundamental Analysis: German Ifo Business Climate Index Traders look forward to the publication of the German Information and Foschung (Ifo) Business Climate Index tomorrow (January 26). The index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from a survey of about 7,000 businesses. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a slight rise to a reading of 95.00 versus a previous reading of 94.70. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> We have not seen any major moves on Friday. The Euro kept a bottom at 1.4027, which is very close to the most important support at the moment 1.4014, and started to rise, breaking the report’s resistance 1.4137,but settled for 1.4180 only, closing just a bit below it. Candlestick watchers can notice that Thursday’s candle is in fact a hammer, and that Fridays candle has recorded a higher high, working as a confirmation for the hammer pattern. This makes the odds favor a continuation of the rise that started at 1.4027, to at least create a matching correction for the whole drop from 1.4577. Today’s resistance is provided by the falling trend line from 1.4554 on the hourly chart, which is currently at 1.4184, while the support is provided by short term 61.8% Fibonacci at 1.4085. Breaking resistance of the day would initiate a strong rise targeting 1.4302, and then 1.4367. But if the unexpected happens and we break 1.4085, the strong & sharp drop from 1.4577 that has gained 550 pips until this moment will carry on, and will target the very important 1.4014, and may be later 1.3928. Support: • 1.4085: Fibonacci 61.8% for the short term. • 1.4014: Fibonacci 50% for the long term (for the rise from 1.2885 to 1.5143). • 1.3928: Jul 15th low. Resistance: • 1.4184: the falling trend line from 1.4554 on the hourly chart. • 1.4302: Fibonacci 50% for the whole drop from 1.4577. • 1.4367: Fibonacci 61.8% for the whole drop from 1.4577. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen did not move but 75 pips on Friday, and did not break any major levels during that limited move. Thus, our attention is still revolving around 89.79, the most important support at all for now. As we have said in last week reports, the importance of 89.79 comes from the fact that it is the 61.8% Fibonacci retracement level for the whole up move from 87.35 to 93.75. This very accurate stopping indicates that Fibonacci 61.8% has stopped in the way of more dropping, and could cause it trouble. Thus, we will consider 89.79 to be a support capable of reversing the short term direction and initiate a rising move from these levels. In case this support is broken the drop will continue, targeting 88.91 & 88.30. In this case 92.44 will be a critical resistance for both short & medium term. But, in the case of holding above 89.79, the price will move up to challenge the previous important support 90.30. Breaking this support will put attention at two important resistance levels and they are the short term 61.8% Fibonacci resistance level at 91.06 and then the falling trend line from 93.75 which is currently at 91.64. Support: • 89.79: Fibonacci 61.8% for the whole rising move from 87.35 to 93.75. • 88.91: Dec 18th low. • 88.30: Dec 14th low Resistance: • 90.30: previous important support. • 91.06: Fibonacci 50% for the short term. • 91.64: the falling trend line from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> For information on forex charts see ForexPros. <a href="http://www.forexpros.com/charts/" rel="nofollow">http://www.forexpros.com/charts/</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 20/01/2010" http://forum.currenciesdirect.net/topic.php?id=123#post-270 Wed, 20 Jan 2010 14:04:56 +0000 forexpros 270@http://forum.currenciesdirect.net/ ForexPros Daily Analysis January 20, 2010 Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thursday, Jan 21, 2010, 11:00 EST During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selction process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities. This webinar is the second of a three part series brought to you by Online Trading Academy and ForexPros. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150" rel="nofollow">http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150</a> --- Fundamental Analysis: Initial Jobless Claims Traders anticipate the publication tomorrow (21 January) of the Initial Jobless Claims. It is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report. The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired. On a week-to-week basis, claims are quite volatile. Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Analysts predict a slight change from the previous reading of 444.00k to a future reading of 440.00k. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> The Euro broke yesterday’s support 1.4303, and successfully reached both suggested targets for this break 1.4216 & 1.4176. Reaching areas below 1.4216 so fast, indicates how solid this break was, and confirms its importance. But, now after we have reached here, we should keep open minds towards every possibility. The most probable one is of course a continuation of the Dollar rally, and dragging the Euro lower and lower. This scenario gains more confidence if and when we break 1.4185, and in this case the next set of targets will be 1.4103 and the important 1.4006. But, if it turns out that today’s movement will be opposite to the direction of the break we witnessed yesterday, the Euro will break the resistance at 1.4216, and in this case we may see a strong rise targeting Fibonacci retracement levels 1.4322 & 1.4371. Support: • 1.4185: the most important intraday support for the last few hours. • 1.4103: Aug 10th low. • 1.4176: the important bottom of Jul 29th. Resistance: • 1.4216: Dec 22nd bottom. • 1.4322: Fibonacci 38.2% for the whole drop from 1.4577. • 1.4371: Fibonacci 50% for the whole drop from 1.4577. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> In an unexpected fashion, Dollar-Yen broke the resistance 90.90 and challenged the resistance area near 91.30, in a break that is completely opposite to the technical outlook that followed the break of 90.76. This break makes the picture unclear, and we will be awaiting clearer signals by breaking the support o resistance of the day 90.76 & 91.30. Short term support is 90.76, breaking it would initiate a down move that we expect to be stronger that what we have seen lately, and would target 89.79 and 89.22. And as we said, the most important resistance is 91.30, and if broken, we will be in an upward correction for the whole drop from 93.75, which will ideally target the 3 main Fibonacci retracement levels 91.64, 92.04 & 92.44. Support: • 90.76: Fibonacci 61.8% for the whole rising move from 88.91 to 93.75. • 89.79: Fibonacci 61.8% for the whole rising move from 87.35 to 93.75. • 89.22: a previous well known support/resistance area. Resistance: • 91.30: a well known support/resistance area which stopped yesterday’s rise. • 91.64: Fibonacci 38.2% for the whole move down from 93.75. • 92.44: Fibonacci 61.8% for the whole move down from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> For information on trading courses see ForexPros. <a href="http://www.forexpros.com/directory/education-by-type/courses" rel="nofollow">http://www.forexpros.com/directory/education-by-type/courses</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 19/01/2010" http://forum.currenciesdirect.net/topic.php?id=122#post-269 Tue, 19 Jan 2010 09:36:01 +0000 forexpros 269@http://forum.currenciesdirect.net/ ForexPros Daily Analysis January 19, 2010 --- Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thursday, Jan 21, 2010, 11:00 EST During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities. This webinar is the second of a three part series brought to you by Online Trading Academy and ForexPros. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150" rel="nofollow">http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150</a> --- Fundamental Analysis: Core CPI (MoM) Traders look forward to the publication of the Canadian Core Consumer Price Index (CPI) which will be released tomorrow (January 20). The CPI measures the changes in the price of goods and services excluding food and energy. Also, it measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in Canada. A higher than expected reading should be taken as positive/bullish for the CAD (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the CAD. Analysts predict a reading of 0.20% versus a past reading of 0.40%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> We will put all our focus for today on 1.4303, where there is the rising trend line from December 22nd bottom. Staying above it or breaking it will determine the direction for today. If broken, what we called a minor probability in last week’s report (that we have bumped into a medium term reversal level at Fibonacci 38.2%) will get boosted. In this case, the drop from 1.4577 will carry on, and its targets will be the Dec 22nd bottom 1.4216, and the important support at 1.4176. Short term resistance is still at 1.4421, and breaking it will bring back a little bit of the positive outlook, targeting 1.4509 & 1.4555. Support: • 1.4303: the rising trend line from Dec 22nd bottom. • 1.4216: Dec 22nd bottom. • 1.4176: Sep 1st low. Resistance: • 1.4421: yesterday’s resistance that stopped the rise. • 1.4509: Nov 3rd low. • 1.4555: Jan 11th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen broke the support that we put under our surveillance in the last few days 90.76, and although this break was not followed by a big move, closing below it indicates momentum in the downtrend. Now, it is important for the price to stay below the most important resistance 90.90, which is provided by the falling trend line from 93.75. Staying under this trend line in specific means that the downtrend is going on. Short term support is 90.37, breaking it would initiate a down move that we expect to be stronger that what we have seen lately, and would target 89.79 and 89.22. And as we said, the most important resistance is 90.90, we do not expect it to be broken today, but if a surprise happens, we will be in an upward correction for the whole drop from 93.75, which will ideally target the 3 main Fibonacci retracement levels 91.64, 92.04 & 92.44. Support: • 90.37: intraday support. • 89.79: Fibonacci 61.8% for the whole rising move from 87.35 to 93.75. • 89.22: a previous well known support/resistance area. Resistance: • 90.90: the falling trend line from 93.75. • 91.64: Fibonacci 38.2% for the whole move down from 93.75. • 92.44: Fibonacci 61.8% for the whole move down from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> For information on stock prices see ForexPros. <a href="http://www.forexpros.com/equities/" rel="nofollow">http://www.forexpros.com/equities/</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> forexpros on "Forexpros.com Daily Analysis - 18/01/2010" http://forum.currenciesdirect.net/topic.php?id=121#post-268 Mon, 18 Jan 2010 11:13:51 +0000 forexpros 268@http://forum.currenciesdirect.net/ ForexPros Daily Analysis January 18, 2010 Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thursday, Jan 21, 2010, 11:00 EST During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selction process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities. This webinar is the second of a three part series brought to you by Online Trading Academy and ForexPros. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150" rel="nofollow">http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150</a> --- Fundamental Analysis: Interest Rate Decision Traders are looking forward to the publication tomorrow (January 19), of the Bank of Canada, regarding short term interest rate. The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract foreigners looking for the best "risk-free" return on their money, which can dramatically increases demand for the nation's currency. A higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD. Analysts predict no change in the reading which will remain at 0.25%. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> We will put all our focus for today on 1.4299, where there is the rising trend line from December 22nd bottom. Staying above it or breaking it will determine the direction for today. If broken, what we called a minor probability in last week’s report (that we have bumped into a medium term reversal level at Fibonacci 38.2%) will get boosted. In this case, the drop from 1.4577 will carry on, and its targets will be the Dec 22nd bottom 1.4216, and the important support at 1.4176. Short term resistance is at 1.4421, and breaking it will bring back a little bit of the positive outlook, targeting 1.4509 & 1.4555. Support: • 1.4299: the rising trend line from Dec 22nd bottom. • 1.4216: Dec 22nd bottom. • 1.4176: Sep 1st low. Resistance: • 1.4421: a falling trend line on the intraday charts and hourly chart. • 1.4509: Nov 3rd low. • 1.4555: Jan 11th high. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Dollar-Yen tried to break 90.76 on Friday, before going back above it after an short-lived attempt, and stayed above it until the weekly close. But on the other hand, the internal structure of the last two moves: the rise from 90.71 & the fall from 92.03 could be read as parts 1 & 2 of a 3-way correction, or in the language of Elliott Wave analysis: waves a & b. In this case, a similar up move to the one from 90.71 will appear before breaking this important bottom. Such a move will ideally target 91.87 & 92.59. And given that short term resistance is at 91.30, a break here would indicate this move is already underway. On the other hand, breaking 90.76 will eliminate this assumption, and indicates a continuation of the drop on the last day of the week, which is expected to hit this pair hard, and drag it to 89.79 and may be 89.22. Support: • 90.76: Fibonacci 61.8% for the whole rising move from 88.91 to 93.75. • 89.79: Fibonacci 61.8% for the whole rising move from 87.35 to 93.75. • 89.22: a previous well known support/resistance area. Resistance: • 91.30: the falling trend line from 93.75. • 91.87: Fibonacci 38.2% for the whole move down from 93.75. • 92.59: Fibonacci 61.8% for the whole move down from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> For information on forex quotes see ForexPros. <a href="http://www.forexpros.com/quotes/single-currency-crosses" rel="nofollow">http://www.forexpros.com/quotes/single-currency-crosses</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> tko on "Trade Forex with the Pros" http://forum.currenciesdirect.net/topic.php?id=120#post-267 Sat, 16 Jan 2010 04:18:20 +0000 tko 267@http://forum.currenciesdirect.net/ TraderTune.com Listen to our managers getting in and out of positions, giving you the opportunity to follow along and execute similar trades to profit in the market directly from our Virtual Trading Floor. Come check us out for a free trail. <a href="http://tradertune.com/" rel="nofollow">http://tradertune.com/</a> <a href="http://www.youtube.com/watch?v=6jUkVSbrYrU" rel="nofollow">http://www.youtube.com/watch?v=6jUkVSbrYrU</a> mercaforex on "Yesterday’s Divergence Means More Volatility" http://forum.currenciesdirect.net/topic.php?id=119#post-266 Fri, 15 Jan 2010 18:52:38 +0000 mercaforex 266@http://forum.currenciesdirect.net/ By <a href="http://www.mercaforex.com/en/home" rel="nofollow">http://www.mercaforex.com/en/home</a> USD: The USD was mixed against the major currencies on Thursday in perhaps the most interesting day of foreign exchange thus far this year - showing inconclusive results. The Retail Sales and weekly Unemployment Claims numbers all came in slightly worse than estimated. While Intel provided Wall Street with a good quarterly report and a positive outlook, the broad economic window from the U.S. was not quite as bright. Today the Empire State Manufacturing Index reading and the University of Michigan Preliminary Consumer Sentiment survey will be published. Both reports are forecasted to show improvements. Also the CPI data will be brought forth but inflation is not likely to show its head today. The Retail Sales numbers which were negative were balanced out by the Intel corporate numbers. The Empire State data has an anticipated reading of 11.2 and the U. of Michigan survey carries an estimate of 73.8. As for the USD performance yesterday it gained on the EUR while losing ground to the GBP and JPY. The price action against the EUR was certainly impacted by the events unfolding in Europe. The divergent market means that currency traders will have to be ready for the possibility of another volatile day as ranges get tested and normality is searched for. The Empire State report along with the Consumer Sentiment numbers could be enough to cause a reaction. Also there will be an Industrial Production figure presented and it is expected climb by 0.7%. Wall Street will be looked at by traders as a barometer for risk sentiment and investors will see if equities can close out the week on a positive note. Taking yesterday’s currency trading into account, market participants today will have to remain attentive to short term trends. EUR: The EUR was taken lower against the USD on Thursday as sentiment appeared to be driven by news events. The ECB held their monthly monetary meeting and there were no surprises. President Trichet was questioned on the Greek budget problems and he danced around the issue saying that all was in order and that Greece will be able to manage their problems. Investors should have been prepared for the answers Trichet gave. What may have caused problems for the EUR yesterday, were the loud murmuring coming from Germany that Chancellor Angela Merkel may resign her post. This was quickly denied by her government and said to have no foundation. However, the fact that the rumor seemed to widen on Thursday may indicate that even if Merkel is not going to resign that there may be some very large problems within her coalition. Germany is the engine of Europe and concerns about its leadership as the European Union deals with a struggling economy may have triggered some concern. Europe will release CPI data today and Trade Balance figures but it will be the story coming out of Germany today that provides a lot of the impetus for the EUR. GBP: The Sterling gained against the USD on Thursday which highlighted the divergent nature of the currency markets. There was no major economic data from the U.K. yesterday. Today only the CB Leading Index is on the calendar meaning that the GBP will largely stay under the guise of risk sentiment which comes from the equity markets including the results on the FTSE. The Sterling has managed to push its way to a stronger value this week against the greenback and it has done that as the economic picture from the U.K. remains hazy. Going into the weekend and taking into account the recent gains by the GBP, traders may find themselves with an opportunity to take advantage of existing ranges. JPY: The JPY picked up ground against the USD on Thursday as risk adverse trading seeped once again into the Asian markets. The JPY remains in a well practiced range with the greenback but has been ebbing stronger for a week now. Some of the concern affecting investors has to do with the problems of JAL, the Japanese Airline, and what appears to be an impending bankruptcy. The Japanese economy has a large dark shadow hovering above it and a stronger JPY does little to help. However, if investors continue to search for a safe haven, the JPY could find itself at the stronger parts of its range for a while. myTradingWeek on "No negative month performance" http://forum.currenciesdirect.net/topic.php?id=118#post-265 Fri, 15 Jan 2010 09:44:31 +0000 myTradingWeek 265@http://forum.currenciesdirect.net/ Hello everyone, Just check this out +320pips for December and it's FREE... visit our website: myTradingWeek I will post my trades here after new year...just want to proof it that Trading Forex possible & profitable...I will share my TT (technical trading) with next trading post, thanks... forexpros on "Forexpros.com Daily Analysis - 13/01/2010" http://forum.currenciesdirect.net/topic.php?id=117#post-264 Wed, 13 Jan 2010 10:36:53 +0000 forexpros 264@http://forum.currenciesdirect.net/ ForexPros Daily Analysis January 13, 2010 Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thursday, Jan 21, 2010, 11:00 EST During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selction process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities. This webinar is the second of a three part series brought to you by Online Trading Academy and ForexPros. Click here to join free. <a href="http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150" rel="nofollow">http://www.forexpros.com/live-events/webinars/identifying-low-risk,-high-reward,-and-high-probability-trading-opportunities-for-short-term-forex-traders.-11150</a> --- Fundamental Analysis: Initial Jobless Claims Traders anticipate the publication of the Initial Jobless Claims report tomorrow, January 14. Initial Jobless Claims is a measure of the number of people who file for unemployment benefits for the first time during the given week. This data is collected by the Department of Labor, and published as a weekly report. The number of jobless claims is used as a measure of the health of the job market, as a series of increases indicates that there are fewer people being hired. On a week-to-week basis, claims are quite volatile. Usually, a move of at least 35K in claims, is required to signal a meaningful change in job growth. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Analysts predict no change in the reading which will remain at 434.00K. --- Euro Dollar <a href="http://www.forexpros.com/currencies/eur-usd" rel="nofollow">http://www.forexpros.com/currencies/eur-usd</a> For the second day in a row, the Euro did not create any major or technically meaningful moves. We maintained a trading range below Monday's top 1.4555, and above the Asian session bottom for the same day 1.4452. It seems like this trading range is getting tighter & tighter, which is a price behavior that usually happens before large moves. The borders of this tight area are drawn with the two small trend lines on the hourly chart which are at 1.4531 & 1.4464. Thus, breaking any of these levels will move the Euro in the direction of the break. If we break the resistance 1.4531 the odds of going above 1.46 will be high, where the attractive targets 1.4625 & 1.4678 await. But if we break the support 1.4464, the Euro will fall again targeting 1.4409 first, then 1.4331. And as it is the case with all tight ranges, it is highly preferred not to take a bias towards any direction before breaking the limits of the tight range. Support: * 1.4485: the trend line that limits the tight area from below. * 1.4409: Fibonacci 50% for the short term. * 1.4331: previous well known support/resistance. Resistance: * 1.4531: the trend line that limits the tight area from above. * 1.4625: Nov 3rd low. * 1.4678: Fibonacci 50% for the medium term. --- USD/JPY <a href="http://www.forexpros.com/currencies/usd-jpy" rel="nofollow">http://www.forexpros.com/currencies/usd-jpy</a> Exactly as we have expected, Dollar-Yen broke yesterday's support 91.70 and successfully reached the suggested target 90.76, stopping only 5 pips below it, before bouncing back above 91. As we can see on the attached chart, this pair has bumped into a support that caused it to bounce more than 60 pips until now. Reaching 90.76 is expected to provide a chance to create a correction for the whole fall from 93.75, which will ideally target 91.87 & 92.59. But before talking about such a correction we should see a break of short term resistance 91.33. If the price goes back to falling, and break short term support 90.95, the down trend will continue, and will target 90.35, and later the important 89.79. Support: * 90.95: Fibonacci 61.8% for the short term. * 90.35: support/resistance area on the 4-hour chart. * 89.79: Fibonacci 61.8% for the whole rise from 87.35 to 93.75. Resistance: * 91.33: intraday top. * 91.87: Fibonacci 38.2% for the whole move down from 93.75. * 94.62: Fibonacci 61.8% for the whole move down from 93.75. --- Forex Trading Analysis written by Munther Marji for ForexPros. For information on forex software see ForexPros. <a href="http://www.forexpros.com" rel="nofollow">http://www.forexpros.com</a> <a href="http://www.forexpros.com/software" rel="nofollow">http://www.forexpros.com/software</a> --- 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. __________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes. Check out our new and improved Technical Studies Section. <a href="http://www.forexpros.com/technical/technical-studies" rel="nofollow">http://www.forexpros.com/technical/technical-studies</a> aburke20000 on "Is there such a bank note???" http://forum.currenciesdirect.net/topic.php?id=81#post-214 Sat, 21 Nov 2009 03:14:52 +0000 aburke20000 214@http://forum.currenciesdirect.net/ Hi, So I just turned 18 and my grandfather gave me 50000 Zlotych. Thats (PLZ) before 1993, or (PLN) Nowadays. Not that i dont believe my grandpa or anything, but my family are a bunch of jews... they dont give away that kind of money. Its dated 1989 And it looks legit. But 50000 zloty is worth 20000 canadian dollars. It just sounds phony. Does anyone know of proof that such a note exists?