Comment by installations of Trade Forex: EURUSD and Daily hit support, Ocotober 27 2010

EURUSD:

The EURUSD moved at a low level of 1.3733 today, this is close to the support that arrives in about 1.3700, traders short from quality pin bar installation of Monday probably took profits as price moved to this obvious support level.

Could we see price consolidate and rotate upper if support approximately 1.3700 can contain, if only we could see push down.

AUDUSD:

The daily moved lower today and hit support near 0.9650 before closing approximately 70 pips off its low figures of intra-day begin to push higher and we may see this pair to stay in a range between approximately 0.9650 and 1000 for the short term.

Notice on 4 HR Daily chart below which a setup fakey started this the last bear Moves.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my Forex course.

Comment:

The dollar gained strength today while stocks and commodities weakened on doubts on how aggressive the Fed will act at the next week policy.

"The dollar's slide since September was pricing in aggressive price action by the Fed about $ 1 trillion," said Omer Esiner, Chief market analyst at Commonwealth. switching However, market participants because they started to reduce expectations that the Fed will act this aggressive, leading to the recent rise in the dollar.

The dollar was against a basket of major currencies today, with the index USD 0.48% towards the 78.084.

The Dow fell 42.18 points, or 0.39%, the S & P 500 lost points 3.19 or 0.27% and the Nasdaq added 5.97 points or 0.24%.

Trade idea Update: EUR/USD – sales of 1; 3920

EUR/USD – 1.3810

Original strategy:

Buy at 1.3720, Target: 1.3820, Stop: 1.3685

New strategy:

Sell at 1.3920, Target: 1.3800, Stop: 3955

The single currency continued to keep the above trading-day support in .1 3735 and has recovered, suggesting consolidation with mild upside bias would be reviewed and break the Kijun-sen (now at 1.3855) would have a retracement Ichimoku cloud down (now at 1.3895), but the renewed selling interest should pop up around 1; 3920 and get another decline. Break of that aid would extend a more fall to the 1.8 3690-97 (61,8% projection of 1.4283 to 1.3823 measurement from 1.3974 and earlier support) but the loss of momentum would limit the downside to 1.3650.

Against this background, we see to enable short recovery. only above 1.3944 (38.2% Fibonacci retracement of the 1.4283 to 1.3735) would postpone and risking retracement to 1.3974 (yesterday's high) before the prospect of another decline.

Forex Trade Setups Commentary: EURUSD pin bar update/Gold inside bar, 26th October 2010

EURUSD:

Bar pin EURUSD discussed in comment yesterday broke downwards, today, bottom closure from just over 100 seeds from yesterday.

We can see that this pair is starting to trade in a range between approximately 1.4000 and 1.3700. many traders who captured pin installation bar yesterday are now in a "free trade" and looking for a possible move down test support near 1.3700.

Gold:

Gold formed an internal bar/pin today and last Friday was formed a bar small pin bullish, as we can see in the following chart Is gold setting. up to defy the recent all-time highs near $ 1387? it is not clear at this point, but given the strength of recent uptrend is definitely a possibility.Keep in Mind, this setting needs to see a trigger of momentum to break the resistance evident just above the current prices, which would see a move up in the United Kingdom/New York session.The risk of failure of this configuration is high, unless the chart gold can follow through on the resistance to zone 1349.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar advanced today, increase about 0,8 percent against a basket of currencies. the dollar, however, substantial do lose ground pound after the best of British GDP expected numbers caused an increase in GBPUSD upward.

The Japanese Yen was weaker today against other majors, but against the euro ended the dish of the day. Winning today in the Forex market has been the pound, which rose by about 120 pips against the dollar and more than 130 pips against the euro.

Today's Session has led to a slow-down in recent inverse correlation between stocks and the dollar; stocked with top edges and the dollar advanced 0.8%, against a basket of major currencies.

The Dow added 5.41 points or 0.05%, the S & P 500 added point 0,02 and NASDAQ added 6.44 points or 0.26%.

Forex Trade Setups Commentary: EURUSD Update, 21st Ocotober 2010

The EURUSD pushed higher in the early stages of the trading session today, but couldn't sustain itself above 1.4000. Price quickly dismissed lower back into this area of resistance and closed the day around 1.3920.

We can see in the chart below today's downward refusal candle formed a break false high near resistance recently about 1.4000, lower price continue to remain below this level. support next approaching low starting this week about 1.3700.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar strengthened today, the euro rose to $ 1.4050 against the dollar soon in session, but during the day it was up to $ 1 3820.

The Japanese Yen closed today stronger against other Majors with the exception of a slight loss in the surging dollar neutral.

The Dow has added 38.60 points or 0.35%, S & P 500 add points 2.09, or 0.18% and the Nasdaq acquired 2,28 points or 0.09%.

Forex Trade Setups Commentary: EURUSD Rejecting Higher Prices, 25th October 2010

The EURUSD could close above resistance 1.4000 recently and today's price action brought with it another false break/refusal to this level.

Price formed a bearish pin bar Setup today indicating that the price might be unable to sustain itself above 1.4000 short-term. we could see a move in support near 1.3700 out pin bar inversion today, however, if the price can push higher and break even past 1.4000, we could see another leg upward.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar fell still today because of bets that the Fed moves to stimulate growth of the American economy by printing money to buy goods, this has also worked to raise the prices of raw materials and stock.

However, late in the session of today the dollar came out his basses and Euro finished the previous session earnings, this worked to limit the gains in stocks and commodities as well, as both finished well their session highs.

Forex Trade Setups Commentary: EURUSD Signficiant Levels, 10-10-10

The recent uptrend in EURUSD stuck out in the last 2 days of this week's trading. Can we see some significant levels in the chart below to keep an eye out for next week.

Upwards we can see that an area of resistance was formed near 1.4030. support is coming in the short term around 1.3630 and down about 1 3330.

These levels will likely be significant ones to watch per share price negotiating configurations negotiating this next week.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar sank Friday against other major currencies as a jobs report showing a dismal loss 95,000 job last month gave further weight to the notion that the Federal Reserve of the United States will adopt quantitative easing and inject cheap money into the economy to help stimulate economic growth.

The dollar abandoned for another 15 year low against the Japanese Yen Friday, hitting a low of about 81 72 before closing approximately 82 07 pm against the yen.

The Dow closed up in paragraphs 57.90 or 0.53%, S & P 500 added 7.09 points or 0.61% and the Nasdaq added 18.24 or points 0.77%.

Forex Commentary: EURUSD, USDJPY inside bar pin bar 9-3-10

The EURUSD formed internal bar yesterday that we posted in the Forum of our Member shortly after it closed. Inside bar came out to the upside today as expected. We're not sure what the EURUSD has left in his tank of gas, you can consolidate awhile before pushing higher and trying to defy the General resistance near 1 2930, which is a pretty obvious. We see this level trendline regenerated and constant development if this pair is to test the high in July.

Note the EURUSD recently made a 50% retracement of moving from June low 1.1876 for the agosto of 1.3333 high.

USDJPY:

The USDJPY formed a bearish today bar pin in the context of decreasing dominate, this is definitely one to keep the radar as short as possible.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading training course.

Comment:

Safe usa debt declined for a third day in a row as traders saw the odds of a weakening of recession "double dip". the dollar lower ended today against most other major currencies but managed to gain modest on the Swiss franc and the Japanese yen.

The Canadian dollar and the New Zealand dollar strengthened significantly today with the euro, British pound, Australian dollar and close behind. the Franks, JPY and USD were today the weaker of the major currencies.

The Dow rose by 2.9% for the week, the S & P 500 was up 3.8% and the Nasdaq has added 3.7 percent for the week.

Forex Trade Setups Commentary: EURUSD support level 9-20-10

Posted on September 21st, 2010

The EURUSD formed internal bar today within bearish pin bar range Friday.We believe that this market has the potential to rotate slightly lower than before the momentum bullish pulls back. However, we recommend against the sale of this market, we would instead move along the level of support clear near 1 2930 awaiting a bullish price action setting intra-day or on the daily chart.

Well defined levels of support or resistance as support near 1.2920 in EURUSD, are generally excellent levels confluent to search for solid price action signals to the form so that we can safely skip on board existing market trends.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

Gold moves to new highs for the fourth day in a row after speculation that the Fed could announce new moves to stimulate the economy.

The Australian dollar was again very strong today, advancing against the dollar and the Japanese yen, even in the face of signs of reversing action Daily price last Friday is AUDJPY.

The pound was one of the weaker currencies today, losing ground to the euro, Swiss franc, and the marginal dollar losing ground against the yen.

The Dow gained points 145.77, or 1.37%, S & P 500 added 17.12 points or 1.52% and the Nasdaq added 40.22 points, or 1.74%.

Forex Commentary: EURUSD support level, 9-27-10

Posted on 28 September 2010

Forex commentary: EURUSD support level

The EURUSD has experienced a strong bullish in the last 2 weeks.We can see this market turn lower on the media before makes another substantial push higher.

Check out this rotation that we're keeping an eye on the strong horizontal area near 1.3300 for the action settings price forming bullish and provide an input into the uptrend. we can see the confluence of this support from senior August near 1.3300 who have flipped support, as well as the 8 day moving average.

For deeper analysis of the major currency pairs and analysis of forex price action, check out my forex trading course.

Comment:

The dollar recovered land mild today against some other Major; the dollar rose marginally affect British pound, euro, Canadian dollar, Japanese yen and Swiss franc, while losing marginally the Australian dollar and New Zealand.

In General, today is a very quiet in the forex markets as traders saw little reason to extend the existing trends or take positions counter-trend

The Dow lost points 48.22 or 0.44%, S & P 500 fell 6.5 points or 0.57% and the Nasdaq fell 11.45 points, or 0.48%.