December 2010 Blog Posts (110)

GBPCHF: A Golden Opportunity

Gbpchf is today bouncing vigorously after having made an all-time low at 1.4979. The pair was pushed to that level after having rejected the down-sloping trendline, as well as a shelf of previous support at 1.5860s on the weekly time. Although the fact that a new low has been made is significant, the overall picture reflects a support at that level, at which we have the low of a bullish pin bar made in December, 2008, and also the more recent tweezer bottoms formed by repeated retests of…

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Added by Henry Jorlando on December 17, 2010 at 9:21am — No Comments

Trade77; USDJPY Short Setup 7am

USDJPY bounced off the top of the range from 82.50 to 84.50 and formed a nice bearish engulfing pattern in the four hour chart.



It’s better to wait for a small retrace to 84.20 to go short but this setup in H4 chart will be short at 84.01 with stop above 84.55.

Our target would be that trendline which shows near 83.40.

I have to note that still keep your positions tight because…

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Added by Henry Jorlando on December 17, 2010 at 9:00am — No Comments

Stock and commodities markets

Strong US Dollar and Crop Market. Is there any impact?

As reported by MarketLeader(US)



The strengthening of the US Dollar hasn’t pressed corn so far, as opposed to wheat. Corn market is seeing some uncertainty shown by its buyers (ethanol…
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Added by Evgeny on December 16, 2010 at 9:26pm — No Comments

NZDUSD daily analysis

Hi today I want to share with you the daily analysis of the NZDUSD thanks to Instaforex. If you want to open a forex account with Instaforex go to http://www.if-megaforex.com.

 

 

NZD/USD

The current decline of the NZD/USD pair has been continuing for a month and a half already, although the technical image on the pair inspires a reasonable suspicion that it will continue, perhaps…

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Added by Maria Galindo on December 16, 2010 at 8:53pm — No Comments

Trade77; Cable and Kiwi Re-Short Areas 7pm

First of all I want to have a review on Kiwi. In the figure below you can see that daily trendline is broken now:



In the daily chart it couldn’t break 0.7410-0.7390 support zone and now I expect it to retrace some pips and get the strength to fall more and breach 0.7400 level.

So where would be the best point to re-short it? Look at the figure below:…

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Added by Henry Jorlando on December 16, 2010 at 3:30pm — No Comments

Forex4you Technical Analysis 16/12/10

EUR/USD: Technical Analysis



Support 1.3320/10 breakout suggested realization of further down trend scenario. The price plunged towards resistance level 1.3220/30, where it still consolidates. Indicators are turned down, giving more reasons to expect a decline, the trading is very likely to sink towards 1.3150/40. There is also a high possibility that a down trend expands to supports – 1.3050/60, 1.2980/70. At the same time, it's worth noting, that the support level,…

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Added by LigaForex on December 16, 2010 at 2:50pm — No Comments

Trade77 Intraday; NZDUSD Possible Short Setup

Kiwi bounced off the daily trendline again and now it seems that it’s going to breach it and go further down:



We have got news in 10 minutes and it might be the food for Kiwi to be stronger and break  the daily trendline.

Best setup for this instance is to wait for 0.7400 level to reject the price and then another retest of broken daily trendline would be the best point to go…

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Added by Henry Jorlando on December 16, 2010 at 6:16am — No Comments

Trade77; GBPUSD Technical Analysis 7am

As I said in my last article about GBPUSD, 200sma was holding the price and I called a short exactly when that moving average was breached:



In the daily chart below we have got some more important levels:



Price will reach the daily trendline somewhere around 1.5600 and I want…

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Added by Henry Jorlando on December 16, 2010 at 6:11am — No Comments

Trade77; GBPUSD Channel Still In Play 7pm

First of all I want to apologize everyone for today’s poor updates because of my internet problems.

Cable is still fluctuating in the hourly channel that I mentioned some days ago:



Added to the beneath bond of the channel we have got hourly 200 sma that coincides with it and make it pretty stronger now.

Now price is bouncing around that area and I want to go long when I see a…

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Added by Henry Jorlando on December 16, 2010 at 6:06am — No Comments

Pips and Puters!

Pips and Puters

Many people are excited about getting into Forex – then realize they need to be somewhat computer literate! What exactly does that mean? Read on to review the most commonly asked questions about gaining Pips through Puters!

What level of computer skills do I need to trade currencies?

Basic computer skills are required for trading. Trading with real money in a real-time environment will demand serious concentration. If you are learning how to:

Operate a… Continue

Added by Henry Jorlando on December 16, 2010 at 6:00am — No Comments

USDJPY daily analysis

USD/JPY

The USD/JPY pair is trading within a converging price movement since the beginning of the month, with an upwards or downwards breach being, probably, only a matter of time. Technically, there exists higher likelihood for an upwards breach, since the pair has not yet completed its 38.2% minimum correction relative to its secondary downward trend.

An entry into a buy position is conditional on the breaching of the minor resistance level…

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Added by Maria Galindo on December 15, 2010 at 9:45pm — No Comments

Forex4you Technical Analysis 15/12/10

EUR/USD: Technical Analysis



Key resistance 1.3450/60 proved its strength and didn't let the price go further, so it returned to a decline. Indicators are turning down, though the readings are still unclear and vague. Considering this fact, we recommend to be cautious regarding future outlook. Fall and fixation below 1.3320/10 will initiate further decline to 1.3150/40 with a possible fall to the lower supports at 1.3050/60, 1.2980/70. Reversal up, above 1.3400/10…

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Added by LigaForex on December 15, 2010 at 4:11pm — No Comments

International Investments

What are the Implications of Moody’s Possible Downgrading of US Rating?

As reported by MarketLeader(US)



On 13 December 2010 the investor and trader community that has recently calmed down was simply dumbfounded by the announcement…
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Added by Evgeny on December 15, 2010 at 3:20pm — No Comments

Audusd Pre-FOMC Technical Outlook

Audusd is currently trading above some significant support at .9950 daily right shoulder area of the bearish reversal pattern. The bullish momentum started after the test of the weekly trendline at .9537. Since then, we have seen a bullish engulfing weekly close above the critical .9850 resistance. When the market traded above this zone, prior to the weekly trendline test, it did offer strong support, and has now adopted the same role effectively thwarting all attempts at a break back below…

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Added by Henry Jorlando on December 15, 2010 at 8:27am — No Comments

Trade77; USDCHF ABCD Setup 7pm

Dollar Swissie had got a massive move down today and it broke the daily trendline.

This move caused by risk aversion as president Obama’s speech about tax cuts. Technically I like to go long somewhere around 0.9585 as an ABCD pattern will be completed there on daily timeframe.



That bearish move needs a retrace before going further down to reach 0.9585 but as you know Forex is the…

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Added by Henry Jorlando on December 14, 2010 at 9:07pm — No Comments

Trade77; NZDCAD Swing Trade Opportunity 7am

his article is from a valuable section of the book “Warrior Trading”.

In the figure below we can see that price bounced off the daily trendline and now is forming a great bullish engulfing candle:

Meanwhile, technically there is another good bullish signal which is a bullish gartley formation:…

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Added by Henry Jorlando on December 14, 2010 at 9:02pm — No Comments

EURJPY daily analysis Dec. 13

Hi this is María just to want to share with you a quick analysis of the EURJPY, hope it will help you.

To subscribe to our daily & weekly analysis go to http://www.fx-megaforex.com/signals.htm

EURJPY: We continue to see risk to the upside as long as the cross trades above the 109.55 and 108.32 levels. The possibility of a recovery higher, that is already underway, leaving the 113.66 level, the next key…

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Added by Maria Galindo on December 13, 2010 at 10:16pm — No Comments

International Investments

Gordon Brown: Is Europe in for a New Spiral of Currency Crisis?

As reported by MarketLeader(US)

In his interview to BBC Business Editor Robert Peston, Great Britain’s former Prime-Minister Gordon Brown forecasted a new wave of crisis…

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Added by Evgeny on December 13, 2010 at 5:00pm — No Comments

Forex4you Technical Analysis - 13/12/10

EUR/USD: Technical Analysis



The "bears" didn't manage to breach support 1.3150/40, like it had been previously assumed, so, the sideways movement continued. The trading is currently carried out at 1.3210/20. Indicators are "bearish", thanks to SS, though both R% and MACD suggest further consolidation within the range 1.3310 – 1.3150/40 as a higher possibility. Support 1.3150/40 breakout will most likely initiate new minimums test at 1.2960/70, with a possible stop…

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Added by LigaForex on December 13, 2010 at 3:00pm — No Comments

Usdjpy: Is This The Start Of The New Uptrend

The Usdjpy monthly chart currently has an engulfing bullish candle, and a bounce after a 50% Fibonacci retracement of the reversal bar. This bounce, however, brought it to a key resistance area at 84.00, at which point it appears a bit stuck. The weekly close two weeks ago responded to this resistance with an equally impressive engulfing bearish candle. In spite of this, the bulls seem quite intent on holding ground, and now the daily appears to have formed a set of double tops after having…

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Added by Henry Jorlando on December 13, 2010 at 7:35am — No Comments

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