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Forexpros.com Daily Analysis - 01/12/2009
forexfusion
post Aug 19 2011, 02:57 AM
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ForexPros Daily Analysis August 19, 2011


Free webinar on ForexPros - 7 golden rules for the novice trader

Expert: Bastian Rubben

Start: Mon, Aug 22, 2011, 13:00 GMT
End: Mon, Aug 22, 2011, 14:00 GMT

This webinar is about golden rules that every trader, beginner or experienced has to follow. We will go through basic trading systems; find out what is the appropriate leverage a trader should use, breaks down & up etc.

Likewise, we will discuss some of Sunbird's trades that were published by its chief analysts, which gained over than 300 pips.


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Euro, Pound Bouncing off Next Long, Yen Still Hugging Lows

Euro:

On the daily, the euro spent the last couple of days in short setups into the next half way back long at 1.4285. This has a target of 1.4626. The trend break/line in the sand for this long is at 1.42307. If this breaks the longs are officially over, and it could signal a longer term range bound market. If the long carries through, there is little resistance to 1.49.

Pound:

The pound continues in its march to its long target at 1.66421 from its long at 1.6129. However on the 15 min chart, the next long move has been broken. The next traditional long is at 1.6349.

On the 15 min chart, the short is broken, and the daily long is holding at 1.64785, with a line in the sand at 1.6464.

Yen:

The yen is still hugging lows. It wants to break through but there is support at the all time lows at 76.294. I know I sound like a broken record but be VERY CAREFUL trading here at lows since the Bank of Japan is known to intervene when the yen hits new lows. Have your stops in (like you always should).

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The Forex analysis is written by Diana Rochford for Forexpros the Forex and
Stock Markets Portal.

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Also, Visit our
Stock Futures Page!

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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.

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forexfusion
post Aug 23 2011, 01:32 AM
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ForexPros Daily Analysis August 23, 2011


Free webinar on ForexPros - US Dollar index and world markets.

Expert: Alexander Shelupinin

Start: Sun, Aug 28, 2011, 09:00 EDT
End: Sun, Aug 28, 2011, 10:00 EDT

US Dollar index structure and place of trading, correlation between USDX and currencies pairs, stock market, commodity market and derivatives.


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Euro in Wedge. Pound in Longs. Yen Edging Lower

Euro:

On the daily, the euro is between its short at 1.4388, with a target at 1.4334 and a long at 1.4288, with a target at 1.4629. Looking at the chart, the euro looks like to be in a wedge. Daily pivot is at 1.4368 may hold the euro up.

Pound:

On the daily, the pound has retraced after hitting its long target at 1.6638 from the long at 1.6127. The pound is in a long, using 1.6253 as the anchor point. It has been acting as an anchor point on the way up. The 50% is at 1.6435, with a target at 1.6702. This is best seen on the 15 minute chart.

Yen:

On the daily, after the yen hit a lower all time time at 75.944, it bounced back above its previous support at the previous lows at 76.3. The yen is still very much in a low setup and continues in a short from 80.925, with a target at 74.128.

---

The Forex analysis is written by Diana Rochford for Forexpros the Forex, Futures and
Stock Markets Portal.

---

Also, Visit our
World Indices Page!

---

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.

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forexfusion
post Aug 26 2011, 02:37 AM
Post #303


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ForexPros Daily Analysis August 26, 2011


Free webinar on ForexPros - Mindful Trading: The Eight Roadblocks to Trading Success

Expert: Rande Howell

Start: Tue, Aug 30, 2011, 10:00 EST
End: Tue, Aug 30, 2011, 11:00 EST

Recognizing that 90% of trading is in your head and more than 90% of traders lose money, those who really want to master trading must focus on developing the psychological skills of Mindful Trading. After years of chasing the Holy Grail of Trading, they discover that it lives within them. And they must develop their state of mind to become consistent, disciplined, confident, courageous, and impartial traders - it is these qualities that leads to stress-free and consistent success in trading.

Come to this free webinar to learn about the Eight Roadblocks to trading success and how to move beyond mediocrity and into Mindful Trading.


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---

Euro In Long Wedge, Pound in Shorts, Yen Rebounding

Be careful trading overnight ahead of Bernanke's speech at Jackson Hole Wyoming. Last year the same event sent the markets into a tailspin. So. Have your stops in. Remember that news events don't start new trends, they generally take trends to their targets. So, stay with the trend. Bernanke will be explaining the US interest rate policy. We already know rates will be staying low to 2013.

Euro:

Talking of trends, hopefully Bernanke can bring some clarity to the euro. It is in a very choppy formation and still looks like a wedge, though on the daily, the euro continues in a long from 1.42883 with a target at 1.46285. This is not pretty though.

On the 15 min chart, the euro is in a range. The next traditional short is at 1.4392, which coincides with the daily pivot at 1.4393. The target is at 1.4296.

Pound:

On the daily, the pound broke its long setups and is in extension shorts since on the 15 min chart.

On the 15 min chart, the pound is in an extension short at 1.6302, with a target at 1.624. The line in the sand is at 1.6312.

Yen:

On the daily, the yen rebounded after hitting all time low 75.944 and is moving up into its next traditional short at 78.09, with a target at 74.93, which would obviously be another all time low. The break in trend is at 78.59.

---

The Forex analysis is written by Diana Rochford for Forexpros the Forex, Futures and
Stock Markets Portal.

---

Also, Visit our
World Indices Page!

---

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.

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