Title: EUR/USD – Up Trend Story: Trend is bullish in 4 hours chart. Support is present at 1.3180 price level. So, as long as price stay… <<< Full Elliott Wave Forex Weekly Forecast – Click Here >>> Kind regards, -Muhammad Azeem http://readyforex.com/Elliott-Wave-Forex-Weekly-Forecast.php =============================================
Archive for Technical Analysis
Categories Forex Market News & Analysis
By Elliott Wave International Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to see a movie. And some people who are passionate about their work — such as Elliott Wave International’s [...]
Categories Forex Articles
Elliott waves often correct in terms of Fibonacci ratios. The following article, adapted from the eBook How You Can Use Fibonacci to Improve Your Trading, explains what you can expect when a market begins a corrective phase. Learn how you can read the entire 14-page eBook below.
Categories Forex Articles
This chart debunks a long-held myth. By Elliott Wave International Back in the day, one of the first things I “learned” about investing was that low or declining interest rates are good for stock prices. I’ve since had to “unlearn” this. A certain market commentator recently reminded me of the “lower rates equal higher stocks” [...]
Categories Forex Articles
Introduction: The Dollar index will have to slide down if it breaks the major support level. Seeing all the improvements in the global economy, this was going to happen and many foresaw it. The dollar index has come down to 78.5 after breaking the crucial support level of 80. This was on the back of [...]
Categories Forex Articles
Gold and EUR/AUD Down – Euro Trading Mid-Range On Greece Uncertainty Analysis from: Forex FX 4X Gold Analysis: (XAUUSD) is currently making new lows for the week and price is located at the ascending trend line shown on the chart below. US data has been stronger recently and QE is no longer a given. This [...]
Categories Forex Market News & Analysis
By Chris Vermeulen: www.TheGoldAndOilGuy.com & JW Jones: www.OptionsTradingSignals.com “You can’t feel the heat until you hold your hand over the flame. You have to cross the line just to remember where it lays.” ~ Rise Against. “Satellite” Lyrics ~ Friday morning traders and market participants awaited the key January employment report from the U.S. [...]
Categories Forex Articles
EUR/USD could not break above the 1.3233 level and went into sideways mode between 1.3233 and 1.3026. Please note that 1.3233 is approximately the Fibonacci 38.2% retracement of the downward move from October 27th to the recent bottom of January 15th. Initially for the coming week we will stay neutral till a break over 1.3233 and [...]
Categories Forex Market News & Analysis
Currency Futures: Forex Speculators cut US Dollar bets. Aussie, Kiwi & Peso positions continue rise
February
5th,
2012
By CountingPips.com The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators cut back on their US dollar long positions last week and Euro short positions improved for the first time in six weeks from their record low level. Non-commercial futures traders, usually [...]
Categories Forex Blog
Gold Trading Analysis Reversal At 61.8% Fibonacci Retrace Gold (daily chart shown below) has printed the largest single day decline in over 4 weeks and dropped one percent after the strong U.S. NFP data killed near term expectations of additional financial stimulus from the FED. This has seen the formation of a bearish engulfing candle on [...]
Categories Forex Market News & Analysis
In this article we will see how the Average Directional Index (ADX) and Moving averages may indicate that we can take a trading position and Relative Strength Index (RSI) and MACD crossover to indicate the entry/exit point. In Forex trading the volatility in general is quite high and the trends can change very dynamically. Uptrend [...]
Categories Forex Market News & Analysis
It’s easier than you might think! By Elliott Wave International Patterns are everywhere. We see them in the ebb and flow of the tide, the petals of a flower, or the shape of a seashell. If we look closely, we can see patterns in almost everything around us. The price movements of financial markets are [...]
Categories Forex Articles
Robert Prechter discusses his views on the credit crisis and the U.S. dollar By Elliott Wave International More credit is denominated in U.S. dollars than any other currency. What does this mean for the value of the dollar as the credit crisis continues its strangle-hold on the world economies? Enjoy this video clip of Bob [...]
Categories Forex Articles
Gold Up – Dollar Down – Japan Intervention Talk Article from Forex FX 4X Gold moved higher on Tuesday and bullion prices are set for a major monthly rise following from the the Federal Reserve pledge to maintain interest rates at close to zero levels until late 2014. This has likewise put downside pressure on the [...]
Categories Forex Market News & Analysis
Part I: How One Technical Indicator Can Identify Three Trade Setups By Elliott Wave International Trading using technical indicators — such as the MACD, for example — can do one of two things: help you or hurt you. Elliott Wave International’s Jeffrey Kennedy explains what he loves and hates about technical indicators and shows you [...]
Categories Forex Articles
Robert Prechter discusses what’s backing your dollars By Elliott Wave International In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass Lodmell discuss “real” money vs the FIAT money system, and what is backing your dollars under our current system. Enjoy this 4-minute clip and then watch [...]
Categories Forex Articles
Elliott Wave International has just released a free 14-Page eBook, How You Can Use Fibonacci to Improve Your Trading. Created from a $129 two-volume set, it’s available free until February 6. Learn more here. Dear Trader, You may be missing trading opportunities that are staring you in the face. The charts you look at every [...]
Categories Forex Articles
How to set up your charts for price action trading on MT4 – Being one of the most commonly used charting platforms for spot FX trading we’ll focus on Meta Trader 4 for this tutorial. Being such a versatile platform, MT4 allows traders a variety of options in the way they can lay their [...]
Categories Forex Market News & Analysis
Free 10-Part Professional Trading Course - 30-Year Market Veteran & Former Floor Trader, Adam Hewison, teaches his Successful Strategies in this popular Free Trading Course...
Forex Technical Trend Analysis to Your Email - Currencies, Commodities, Stock Indicies & Tech Stocks. Weighted Trend Scores and Smart Scan Chart Analysis instantly!..
Learn Basics of Elliott Wave Analysis — FREE - "Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it"...
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