December 2010 Blog Posts (110)

Forex4you Technical Analysis 21/12/10

GBP/USD: technical analysis



The price not only breached target level 1.5410/00, but passed beyond it, reaching level 1.5350/60. Then, the price rebound up and it's currently consolidating around 1.5400, at level 1.5390/80. Indicators suggest further "bearish" trend, although "bullish" MACD divergence gives reasons to be cautious and consider a possible large-scale pullback upwards. In this case, it's worth taking into account strong support at 1.5320/30, which has been… Continue

Added by LigaForex on December 23, 2010 at 4:41pm — No Comments

Forex4you Technical Analysis 22/12/10

GBP/USD: technical analysis



A fall below 1.5480 promoted the "bearish" movements in the market and the price continued to decline, reaching level 1.5420/30, though it currently resides at 1.5440. Target 1.5410/00 hasn't been reached yet, but there are reasons to expect it anyway, regarding the present situation. Indicators suggest the "bearish" trend, MACD, on the other hand, is forming "bullish" divergence. So it's worth considering a large-scale pullback upwards as… Continue

Added by LigaForex on December 23, 2010 at 9:24am — No Comments

Trade77; EURGBP Possible Channel 7am

Market is annoying these days and I want to note again just beware of low liquidity and keep it small.

EURGBP is still in a channel and is moving with no goal and target, 0.8545 and 0.8450 are important levels now:…

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Added by Henry Jorlando on December 23, 2010 at 7:33am — No Comments

Forex Trading Mistakes for 2010

 

Hi, today I want to share with you the biggest mistakes I made during 2010 (well, there are not all my mistakes, there also mistakes from other traders from Fx-Megaforex). Hope it will help you trade better. I also want to wish everyone a Merry Christmas and a Happy New Year 2011. I wish everyone financial freedom in 2011.

Let´s start:

1. Past Performance is not Indicative of Future Results: Over the years, one of the stand-by “truths” of currency trading…

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Added by Maria Galindo on December 22, 2010 at 8:24pm — No Comments

Stock and commodities markets

How to Pinpoint Growing Sectors of Economy Based on ETF Index Funds?

As reported by MarketLeader(US)

The Portfolio Investment Department in conjunction with the Faculty of MF Trading System launches a series of articles on sectors of economy.  In this…
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Added by Evgeny on December 22, 2010 at 8:00pm — No Comments

Trade77; USDCHF Shy of 0.9560ish 7pm

USDCHF is again at the 0.9560 support area and likely to go higher from here.…

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Added by Henry Jorlando on December 22, 2010 at 8:41am — No Comments

International Investments

Will the Yuan Manage to Replace the US Dollar?

As reported by MarketLeader(US)

The unique path of China’s development has affected its monetary policies and regulation. Transformations in the country started in early 1980s and resulted in rapid growth of the PRC’s economy and, of…
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Added by Evgeny on December 21, 2010 at 9:14pm — No Comments

Trade77; Levels to Watch on USDJPY 7pm

First of all I want to mention that keep your trades tight and beware of low volatility on the market these days.

Bias is still bullish on USDJPY but for more grasp of price action here on this pair I want to mention two important levels for this pair:



83.40 is the first area to watch for a possible long setup as it is the beneath bond of the symmetrical triangle formation on this…

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Added by Henry Jorlando on December 21, 2010 at 8:05pm — No Comments

Trade77; NZDUSD Bounced off the Trendlines 7am

2 hours ago I mentioned in twitter that Kiwi bounced off the trendlines, one of them is the former daily trendline and the other one is a new H4 trendline.



It’s better to wait for a small retrace and then board on the bust to the south. My targets are 0.7430, 0.7400 and 0.7350 and stop…

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Added by Henry Jorlando on December 21, 2010 at 7:52pm — No Comments

Forex4you Technical Analysis 21/12/10

EUR/USD: Technical Analysis



Yesterday EUR/USD fell to support at the 200 day MA and the monthly pivot at around 1.3095. From there it has bounced, probably in an Elliot 4th wave back up to 1.3200 and since begun to turn lower, perhaps at the beginning of the 5th wave down this morning. It will probably return to match the 1.3095 lows before possibly another bounce back up to 1.3200.…

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Added by LigaForex on December 21, 2010 at 2:59pm — No Comments

Trade77 Intraday; CADJPY Revised Long Setup

CADJPY is going to reach the outer trendline which I mentioned on the morning there is an assumption for the pair to reach there.

I do like this plan more as there is a bullish crab pattern formed at the outer trendline.

So here I’m looking for a better long position, stop is at 82.10 price level and profit target is still at 83.40.

First confirmation we need is a bullish…

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Added by Henry Jorlando on December 21, 2010 at 5:53am — No Comments

Trade77; CADJPY Long Opportunity 7am

There is a great opportunity on CADJPY, price is again reached the hourly trendline and also formed a a bullish bat pattern:



Stop loss would be at 82.20 as it is another assumption if price going to reach the outer trendline.

First profit target is at 83.40 which is the B point of Bat pattern and second profit target would be at 83.99.

If a candle closed above the hourly 20sma…

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Added by Henry Jorlando on December 21, 2010 at 5:38am — No Comments

Weekly market review from Forex-Metal.

 

In this issue:

 

1.      Weekly market review from Forex-Metal.

2.      Weekly technical analysis.

3.      Holiday Schedule.

4.      New Currency Pairs Added

5.      Results of the "Jingle Bells" trading competition.

6.      30% trading bonus is on again!

7.      Representatives Wanted!

8.      Economic Calendar, Pip value calculator and other useful links.

 

 

 

  1. Weekly…
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Added by Forex-Metal on December 20, 2010 at 9:29pm — No Comments

Trade77; COT Report of The Week 19th Dec.

Euro ——> Bearish Bias Decreased

Speculators net short contracts has decreased from 15290 to 10304  and this shows that though they are still short yet they are dubious of the Euro’s future.

Also COT Indexes increased a little bit.

This report shows that the overall sentiment is still bearish but we might see a range trading during these days before 2011. Currently Euro and USD are vulnerable of fundamentals and any news about Spain, Portugal…

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Added by Henry Jorlando on December 20, 2010 at 9:06pm — No Comments

Foreign exchange market

Is Forex in Any Way Different from Gambling: Casino, Slot Machines or Thimblerig?

As reported by MarketLeader(US)



Can one make money in the forex? What is the difference between the forex and gambling:…

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Added by Evgeny on December 20, 2010 at 8:52pm — No Comments

What does overbought and oversold means?

Hi, this is María. Today I will explain a little bit what does overbought and oversold means in Forex, hope it will help you understand better the analysis of the currencies. Remember you can now open your forex account with Instaforex and you will receive 30% bonus every time you deposit. For more information ENTER HERE.

 

Many times in trading we here…

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Added by Maria Galindo on December 20, 2010 at 8:30pm — No Comments

Forex4you Technical Analysis 20/12/10

EUR/USD: Technical Analysis



Forecast about the upcoming correction to growth proved to be correct, though a  decline was continious and the price met support only at level 1.3150/40. Currently, the trading is carried out at 1.3160/70.  Indicators are turned down, suggesting to expect the "bearish" trend as a higher possibility. So, a decline is likely to continue, with the next support seen at 1.3050/60. Nevertheless, level 1.3150/40 seems to be strong enough to…

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Added by LigaForex on December 20, 2010 at 2:56pm — No Comments

Trade77; AUDNZD More than 200 Pips Ready 7am

First of all I want to thank Peter Kuppen for mentioning AUDNZD weekly trendline, this is the best advantage of our live trading room, sharing ideas and charts.

It’s almost 21 days that AUDNZD soars more than 750 pips, a great massive bullish run.

Now price is a little bit lower than the weekly trendline and formed a nice long tail to the up in the daily timeframe:…

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Added by Henry Jorlando on December 18, 2010 at 6:56am — No Comments

Trade77; EURJPY Long Setup 7pm

Bias is more bullish on EURJPY now as it bounced off the former resistant level at 111.00 and there are two more confirmations for my long setup here.



As you can see in the figure above there is a channel that connects 110.47 and current price as swing lows and 111.18 plus 112.18 as former swing highs.

Also there is a bullish gartley formation on four hour chart:…

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Added by Henry Jorlando on December 18, 2010 at 6:50am — No Comments

Foreign exchange market

UK sees buying fever for New Year trees and golden coins.

As reported by MarketLeader(US)

Not long ago the UK authorities were speaking about financial difficulties and austerity measures necessary to cope with them.…
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Added by Evgeny on December 17, 2010 at 4:30pm — No Comments

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