USDCHF Forecast
The USDCHF attempted to push higher yesterday, topped at 0.9208 but closed lower at 0.9174 and hit 0.9129 earlier today. This fact keeps the bearish intraday scenario remains strong still testing 0.9050. Immediate resistance is seen around 0.9208. A clear break above that area could lead price to neutral zone in nearest term but overall as long as stays below 0.9320 I remain bearish on this pair.
Jan 30, 2012
Movers and Shakers represents a generalized forex analysis of how the currency rates shaped up from the daily open up to 15.00 GMT. With more than 25 currency pairs and 8 majors included in the analysis, traders will gain a better understanding of market dynamics and trends. The bulletin includes two parts: the short term analysis
provides the data on the biggest market moving currency pair and compares the performance of majors against each other, while the long term part of the program is based on top weekly and monthly gainers and losers. By watching the review, traders will get a concise and clear picture of currency markets on a daily basis.
Jan 30, 2012
This is a video on evaluating Forex trading systems. There are myriads of forex systems being offered in the market nowadays, and your choice of which one to purchase for help in your forex trading can affect your trading performance greatly. This video talks about the 5 key statistics you should know inorder to evaluate a Forex trading system.
Jan 30, 2012
This is a video series explaining installation of MT4 and MT5 on Linux. Stratman of pipware.com explains how to install MT4, MT5 on Linux Ubuntu 10.04. Lesson 01 is about obtaining the installation Media.
EURJPY Forecast
The EURJPY attempted to push lower on Friday, but further bearish pressure was rejected after found support around 100.74 as you can see on my daily chart below. The bias is neutral in nearest term but the overall technical intraday bias remains to the upside testing 102.48 as long as stays above 100.74. On the downside, a clear break below 100.74 could be a threat to the current bullish intraday outlook testing 100.00 support area.
GBPJPY Forecast
The GBPJPY attempted to push higher last week, topped at 122.03 but closed lower at 120.61 on Friday. The bias is neutral in nearest term. Overall price is still in a bullish intraday scenario since bounced from 117.27 but as long as stays below 122.62 the major bearish outlook should remain intact. Immediate support is seen around 120.00. A clear break below that area could trigger further bearish pressure testing 119.35 and could be a threat to the bullish intraday outlook.
AUDUSD Forecast
The AUDUSD continued its strong bullish momentum last week, topped at 1.0686 but corrected lower earlier today hit 1.0555. The bias is neutral in nearest term but as long as stays above 1.0500 I still prefer a bullish intraday scenario at this phase as a part of the bullish scenario since the breakout above the ascending triangle still testing 1.0751 area. On the downside, a clear break and daily close below 1.0500 could stop the current strong bullish intraday outlook testing 1.0400 region.
GBPUSD Forecast
The GBPUSD continued its bullish momentum last week, closed above 1.5700. As you can see on my daily chart below price seems comfortable moving above the trend line resistance, aiming for 1.5780 key resistance area which need to be clearly broken to the upside to continue the bullish scenario since the rejection to move below 1.5270 two weeks ago, testing 1.6000 region this week. Immediate support is seen around 1.5650 followed by 1.5600. I do not expect any movement and daily close below 1.5600 as it would postpone the bullish scenario.
USDJPY Forecast
The USDJPY attempted to push higher last week, topped at 78.27 but whipsawed to the downside and closed lower at 76.67 on Friday. As you can see on my daily chart below price back inside the minor range, which could create a false breakout bearish intraday scenario but overall I still prefer to have a long term perspective seeing area above record low 75.56 as a buy zone expecting huge bullish reversal scenario. The failure to continue the bullish momentum last week also keep price in a long period of consolidation since six/seven months ago.
USDCHF Forecast
The USDCHF continued its bearish momentum last week, hit 0.9113 as a part of the bearish scenario after failed to break above 0.9600 and fell below 0.9320 support area. The bias remains bearish in nearest term testing 0.9050 area which is also the 200-daily-EMA. A clear break and daily close below that area could trigger further bearish scenario. Immediate resistance is seen around 0.9160. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9320 I still prefer a bearish intraday scenario at this phase.
Jan 30, 2012
This is a part 2 of the 4 part video series entitled “An Introduction To Forex”. This video aims to shed light on what forex really is and how it works as opposed to marketing forex in a ”get rich quick” style. These videos are produced with the facts in mind — not the alluring marketing seen so often in forex trading.
Jan 30, 2012
The Euro increased against the US dollar for the fifth day, which is the longest streak in three months after it was reported that Greece is close to coming to an agreement with its creditors.
Greece and its private creditors indicated that they expect to accomplish a debt-swap agreement in the coming week. The Euro was also supported after Italy sold bills strengthening efforts of the European Central Bank to fight the debt crisis by shoring up banks. The market is focused on whether Greece will secure its next aid package.
