forex trading

EURUSD Analysis 2011.09.28

by Michael on September 28, 2011

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[Forex-1 | Euro vs US Dollar] EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties. A close above (1.36780) will call for (1.37661), and Loss of (1.34694) sees (1.34184).We prefer to wait for break of upper or lower barrier.

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EURUSD Analysis 2011.09.27

September 27, 2011
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[Forex-1 | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.34811), this would confirm continuation of the bearish trend, towards next objective downwards (1.34184) then (1.33622) and (1.32932) will follow.You may try to sell from (1.35867), (1.36287), and (1.36690) with a stop loss above (1.35521).

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EURUSD Analysis 2011.09.26

September 26, 2011
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[Forex-1 | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.35549) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.34583), however, would confirm continuation of the bearish trend, towards next objective downwards (1.32687).Short positions are favored for today.

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EURUSD Analysis 2011.09.23

September 23, 2011
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[Forex-1 | Euro vs US Dollar] We see high chances of the pair move down gradually towards (1.32647 – 1.31448). A proper confirmation would occur if the EURUSD will manage to close below the (1.33847) support over today`s trading session.Our bias is on selling EURUSD with a stop loss above (1.38070) for today.

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FOREX TRADING – The Importance of Money Management

September 22, 2011
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Forex – The importance of Money Management Having money is always a good thing when it comes to Forex. You can use money to invest further and control your flow of income; it could also be a bad thing when you do not know what you are getting yourself into. With that said, you can [...]

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EURUSD Analysis 2011.09.22

September 22, 2011
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[Forex-1 | Euro vs US Dollar] It’s likely that EURUSD will decline. A break above (1.38070) could be a threat to the bearish scenario targeting (1.37832) even (1.38779). On the downside, immediate support is at (1.34975). Break below that area should keep the major bearish scenario intact testing (1.32574) areaShort positions are favored for today.

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EURUSD Analysis 2011.09.21

September 21, 2011
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[Forex-1 | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.36359) at (1.35933) and (1.35284).Short positions are favored for today.

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EURUSD Analysis 2011.09.20

September 20, 2011
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[Forex-1 | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.36359) at (1.35911) and (1.35297).We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2011.09.19

September 19, 2011

[Forex-1 | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.39466). If this resistance level is broken to the upside, the outlook will deteriorate.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2011.09.15

September 15, 2011
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[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.3591). Another move back above (1.3793) could lead us to neutral zone.We will be looking to sell EURUSD upon any price retracement.

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EURUSD Analysis 2011.09.14

September 14, 2011

[Forex | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.3621), this would confirm continuation of the bearish trend, towards next objective downwards (1.3556) then (1.3501) and (1.3401) will follow.We will be looking to sell EURUSD upon any price retracement.

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EURUSD Analysis 2011.09.13

September 13, 2011
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[Forex | Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.3704). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2011.09.07

September 7, 2011
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[Forex | Euro vs US Dollar] We see high chances of the pair move down gradually towards (1.3774 – 1.3575). A proper confirmation would occur if the EURUSD will manage to close below the (1.3887) support over today`s trading session.You may try to sell from (1.4086), (1.4199), and (1.4284) with a stop loss above (1.4294).

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EURUSD Analysis 2011.09.06

September 6, 2011
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[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.3870). Another move back above (1.4297) could lead us to neutral zone.Look for short positions for current trading session.

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EURUSD Analysis 2011.09.05

September 5, 2011
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[Forex | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.4297). If this resistance level is broken to the upside, the outlook will deteriorate.Try to sell on rallies with a stop loss above (1.4297).

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EURUSD Analysis 2011.09.02

September 2, 2011
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[Forex | Euro vs US Dollar] We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.4475) zones. A proper confirmation would occur if the EURUSD will manage to fall beyond the (1.4200) support level.Our bias is on selling EURUSD with a stop loss above (1.4475) for today.

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EURUSD Analysis 2011.09.01

September 1, 2011
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[Forex | Euro vs US Dollar] The bias remains neutral in nearest term. A need for a clear break from the range area (1.4475 – 1.4348) so we can see clearer direction. Break below (1.4348) could trigger further bearish pressure targeting (1.4178) and keep the major bearish scenario remains strong while break above (1.4475) could trigger further bullish correction testing (1.4622).We need to hold for today.

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5 FOREX TIPS FOR BEGINNERS

August 17, 2011
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I am often asked for advice and TIPS in Forex trading by colleagues or friends who are fascinated by the potential of the enormous income that can be earned, yet do not know how to enter the market. My most common reply is to READ and LEARN. Just like at school. There are an enormous amount [...]

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