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People trade in a daily basis. Some trade their services for money, while others trade products like food, toys and other things for money. People trade to earn money to properly live their everyday lives. This is why people work, why people put up businesses and why people trade in the financial market. Today, it’s [...]

Forex Trading

DAILY FOREX RECOMMENDATION

19th August Breakout Signals
Posted on August 19th, 2008 by Jafar

USD/JPY - 20 pip trail
Buy @ 110.02 SL109.79 TP110.22
Sell @ 109.67 SL109.83 TP109.47

EUR/JPY - 25 pip trail
Buy @ 161.61 SL161.21 TP162.00
Sell @ 161.18 SL161.61 TP160.70

GBP/JPY - 40 pip trail
Buy @205.05 SL204.60 TP205.95
Sell @ 204.42 SL205.05 TP203.65

GBP/CHF - 40 pip trail
Buy @ 2.0487 SL2.0430 TP2.0520
Sell @2.0430 SL2.0480 TP2.0380

by Rebate FX

Forex Trading

News

S&P 500 (JUN) 05/05/2011: Momentum studies trending lower from overbought levels
is a bearish indicator and would tend to reinforce lower price action. The market's
short-term trend is negative as the close remains below the 9-day moving average.
The market setup is somewhat negative with the close under the 1st swing support.
The next downside objective is now at 1327.50. Bearish daily studies indicate
selling minor rallies this session. The next area of resistance is around 1351.60
and 1361.90, while 1st support hits today at 1334.40 and below there at 1327.50.
S&P
EURO (JUN) 05/05/2011: The market rallied to a new contract high. A crossover
down in the daily stochastics is a bearish signal. Momentum studies are trending
lower from high levels which should accelerate a move lower on a break below the
1st swing support. A positive signal for trend short-term was given on a close
over the 9-bar moving average. With the close higher than the pivot swing number,
the market is in a slightly bullish posture. The next downside target is now at
146.60. The market is becoming somewhat overbought now that the RSI is over 70.
The next area of resistance is around 148.94 and 149.93, while 1st support hits
today at 147.28 and below there at 146.60.

Original post blogged on b2evolution.

Forex Trading

FOREX SIGNAL 01.08.2008

Friday, 01 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5540 - 1.5630
Trend: Upward
Buy at 1.5551 SL 1.5519 TP 1.5618

USD/JPY
Trading range: 107.85 - 107.05
Trend: Downward
Sell at 107.75 SL 108.07 TP 107.13

GBP/USD
Trading range: 1.9850 - 1.9750
Trend: Downward
Sell at 1.9839 SL 1.9871 TP 1.9761

USD/CHF
Trading range: 1.0505 - 1.0415
Trend: Downward
Sell at 1.0495 SL 1.0527 TP 1.0421

by iForex Daily Forecast

Forex Trading

NZDUSD, YOU MAKE MY HEART BEAT FASTER

This morning we have a couple of big news for NZDUSD and guess what. Its a bad situation. Currently I am holding long post at a loss. These things happen a lot where technically NU is ready to turn but due to economic news it continue to slip down.

Hopefully the drop is not by much since its already in an oversold condition. So I will continue to hold the loss position and hoping for a positive move soon. It may be next week since the news effect really delay things.

For EURAUD, it has enter the overbought condition. Technically it should turn somewhere soon. For today entry for short is at 1.6619. It is an estimation which is hard to do since this pair has a very wide spread and agresive movement.

Forex Trading

News

S&P 500 (JUN) 05/05/2011: Momentum studies trending lower from overbought levels
is a bearish indicator and would tend to reinforce lower price action. The market's
short-term trend is negative as the close remains below the 9-day moving average.
The market setup is somewhat negative with the close under the 1st swing support.
The next downside objective is now at 1327.50. Bearish daily studies indicate
selling minor rallies this session. The next area of resistance is around 1351.60
and 1361.90, while 1st support hits today at 1334.40 and below there at 1327.50.
S&P
EURO (JUN) 05/05/2011: The market rallied to a new contract high. A crossover
down in the daily stochastics is a bearish signal. Momentum studies are trending
lower from high levels which should accelerate a move lower on a break below the
1st swing support. A positive signal for trend short-term was given on a close
over the 9-bar moving average. With the close higher than the pivot swing number,
the market is in a slightly bullish posture. The next downside target is now at
146.60. The market is becoming somewhat overbought now that the RSI is over 70.
The next area of resistance is around 148.94 and 149.93, while 1st support hits
today at 147.28 and below there at 146.60.

Original post blogged on b2evolution.

Forex Trading

Forex Prediction ? Forex Currency Prediction For 2010

Forex Prediction Making estimates is always precarious because the chances of you making 100% affirmatory are pretty slim. This Forex prediction for 2010 is centered on my own opinion only and how I analyze the sale and the world’s economy. Don’t base your trading decisions on my opinion only. Make sure you actually believe the [...]

Forex Trading

FOREX SIGNAL 04.08.2008

Monday, 04 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5555 - 1.5645
Trend: Upward
Buy at 1.5566 SL 1.5534 TP 1.5633

USD/JPY
Trading range: 107.90 - 107.10
Trend: Downward
Sell at 107.79 SL 108.11 TP 107.17

GBP/USD
Trading range: 1.9765 - 1.9665
Trend: Downward
Sell at 1.9754 SL 1.9786 TP 1.9676

USD/CHF
Trading range: 1.0495 - 1.0400
Trend: Downward
Sell at 1.0485 SL 1.0517 TP 1.0411

by iForex Daily Forecast

Forex Trading

News

S&P 500 (JUN) 05/04/2011: A crossover down in the daily stochastics is a bearish
signal. Momentum studies trending lower from overbought levels is a bearish
indicator and would tend to reinforce lower price action. The close above the 9-day
moving average is a positive short-term indicator for trend. It is a slightly
negative indicator that the close was under the swing pivot. The next downside
objective is 1339.83. The next area of resistance is around 1358.25 and 1364.42,
while 1st support hits today at 1345.95 and below there at 1339.83.EURO (JUN) 05/04/2011: Momentum studies are trending higher but have entered
overbought levels. A positive signal for trend short-term was given on a close
over the 9-bar moving average. It is a slightly negative indicator that the close
was under the swing pivot. The near-term upside target is at 149.45. The market
is approaching overbought levels with an RSI over 70. The next area of resistance
is around 148.81 and 149.45, while 1st support hits today at 147.45 and below
there at 146.74.
Breaking 1.4875 the movement is bullish to 1.5144 for the eur/usd in forex

Original post blogged on b2evolution.

Forex Trading

DAILY FOREX RECOMMENDATION

Wednesday, 13 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4895 - 1.4985
Trend: Upward
Buy at 1.4906 SL 1.4874 TP 1.4973

USD/JPY
Trading range: 109.00 - 108.20
Trend: Downward
Sell at 108.89 SL 109.21 TP 108.27

GBP/USD
Trading range: 1.8925 - 1.9025
Trend: Upward
Buy at 1.8935 SL 1.8903 TP 1.9013

USD/CHF
Trading range: 1.0880 - 1.0785
Trend: Downward
Sell at 1.0869 SL 1.0901 TP 1.0795

by iForex Daily Forecast

Forex Trading