Latest forex analysis - page 74
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Forexpros Daily Analysis - 10/05/2011
ForexPros Daily Analysis May 10, 2011
Free webinar on ForexPros - Market Timing in Forex
Expert: Sam Seiden
Start: Thu, May 12, 2011, 10:00 EST
End: Thu, May 12, 2011, 11:00 EST
During this session, Sam will deliver the rules to a simple market timing strategy and then apply these rules for day and swing trading in the Forex market. This strategy allows traders to time the markets turning points, in advance, with a very high degree of accuracy.
Click here to join free
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Euro, Pound, Yen Hitting Support But In Short Setups
Euro:
On the daily, the euro has broken the long trend straight down. The euro is currently in an extension short, with the 50% at 1.441, with a target at 1.42635 (seen in the 15 minutes chart). The daily pivot at 1.44038 is currently keeping the euro in its short setup. The line in the sand is at 1.44337.
The next long setup is at 1.4182, with a line in the sand is 1.40031.
Pound:
On the daily, the pound is in measured moves short. The next short target is at 1.62642. It has butted into its next measured move long at 1.63399, with a target at 1.69384. The line in the sand is at 1.6244.
On the 15 min chart, the next measured move short is clear.
Yen:
On the daily, the yen has hit support at previous lows but remains within measured moves short.
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Forex Trading analysis written by Diana Rochford for Forexpros.
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New on Forexpros, the Fibonacci Calculator !
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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 Daily Analysis - 23/05/2011
ForexPros Daily Analysis May 23, 2011
Free webinar on ForexPros - Sharpening Your Edge Series: Pivot Points
Expert: Andrei Knight
Start: Wed, May 25, 2011, 08:00 PST
End: Wed, May 25, 2011, 09:00
Discover one of the best-kept secrets of bank traders. And since they are the ones who move the markets, once you know the likely places for their pending orders, you also know the most likely levels for reversals. Join leading fund manager and trading coach Andrei Knight for this exciting instructional webinar which will transform the way you look at charts and help you achieve better trading results.
Click here to join free
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Euro:
On the daily, the euro is in measured moves short from its 50% at 1.43167, with a target at 1.39146, with coincides with the next full traditional 50% long at 1.39058. Some resistance may be expected at its former low at 1.40436.
Pound:
On the daily, the pound remains in a range, between a 50% short at 1.6311 and a low at 1.61056. The short has a target at 1.60086. The next 50% traditional long is at 1.60446.
Yen:
On the daily, the yen is still in its range and is heading towards it half way back at 82.537 where it may meet some resistance, though Fibonacci's within a range are not as reliable.
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Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros, the Currency Correlation Calculator!
---
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.