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%.

Comment by installations of Trade Forex: EURJPY and GBPUSD update, October 19, 2010

EURJPY:

The EURJPY is losing momentum, we can see moving averages day 8 and 21 are rolling over and look for traversing lowest soon. there would see any gatherings intraday in this pair as potential shorting opportunities on the back of declining quality of price action Setup.

The area 113.00 has proven to be solid support recently, we assume that this level could acts as resistance we should see a higher rotation.

GBPUSD:

Installing bar GBPUSD pin discussed in last Friday's commentary came downwards in what was a huge move that was very profitable for merchants willing to price action. now we're trying to sell the strength of this pair and see the resistance in zone 1.5830-1.5870. we should get a nice bearish signal intraday there would appear to get summary.

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

Comment:

The dollar gained considerable force today as risk aversion harvest because of concerns renewed on banks of the United States and a surprise tightening of credit from China.

Prices weakened today as feard in u.s. mortgage market grew, crude oil futures fell 4.5 percent and gold fell nearly 3 percent.

Japanese Yen also gained considerable ground against other Major except the dollar, that was definitely the strongest currency today.

Comment by installations of Trade Forex: Palady bounces 0.9650/USD index, October 28, 2010

As we discussed in the commentary of intra-day charts yesterday Daily were looking bullish. The couple has then pushed wider support near 0.9650, tack on approximately 70 pips to close yesterday.

The daily is currently trading range between approx. 1000 and 0.9650.The daily chart indicator today internal format that this pair is currently very undecided as to the direction that it will head in the mid-term. we could see further consolidation in this range before you get any strong directional moves that occur.

The 4 hour chart below shows the recent price action near the top of the range (1.0000) and bottom (0.9650) that he could use operators to take short-term trades off.

Classification of dollar:

We can see in the chart below the dollar index that currently consolidating its laterally, this is in line with the current consolidation of major currency pairs Are unlikely see forex. any strong moves until we can bust out of these conditions of gamma-Association.

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

Comment:

The dollar weakened today as traders have made the recent dollar rally before next week's volatility.

The dollar has lost ground to all the other major currencies today, we are seeing range associated with conditions now in most major forex currency pairs.

The Dow lost points 16.57 or 0.15%, the S & P 500 rose to 1.22 points or 0.10% and the Nasdaq rose 4.11 points, or 0.16%.

Comment by: installations of Trade Forex EURJPY and AUDJPY levels 9-29-10

Posted on September 30th, 2010

The EURJPY is approaching a strong resistance approximately 114.80. This area of resistance will be crucial in determining the fate of this currency pair in the short term.The refusal of this resistance may lead to a substantially lower rotation as there is little support until around 109.50. Alternatively, a breakout above this resistance would likely result in another leg upward.

Operators should keep a keen eye for valid price action configurations around 114.80.

The AUDJPY is also sitting under a critical area of resistance around 81.40. this level will be crucial in determining which direction this currency pair heads to close this week and next. keep an eye out for any signs of strong action price close to this level.

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

Comment:

The dollar fell to a five-month low against the euro today on the back of increased expectations that central banks will intensify monetary stimulus to support fragile economies, this also helped bullion extend its recent rally breaking records.

Main Currency strategist Brian Dolan of forex.com said, "the dollar is currently in a situation of" lose-lose "where if data of United States are disappointing, increases the prospects of lightening of the fed and it weighs U.S. rate and the dollar, if data of United States gets better than expected, then the risk is back on, then the dollar is shunned as currency safe"

The Dow was down 22.86 points or 0,21%, S & P 500 lost 2.97 points or 0.26%, the Nasdaq was down 3.03 points or 0,13%.

Comment by installations of Trade Forex EURJPY: USDJPY and price action 9-7-10

USDJPY:

The USDJPY formed a bearish pin bar which we discussed in last Friday's commentary. Price since then came modestly bearish and seems to have more space to run before getting to the strong support monthly close 79.75.

EURJPY:

Very lightweight volume of work-day yesterday formed a small internal bar just below the EURJPY resistance. This inside bar Setup was with market bearish momentum and could be a scenario of high-reward very low risk price merciless action traders.

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

Comment:

The euro was substantially weaker today against other major currencies due to renewed concerns for debt of the euro area.

The dollar was mainly today stronger but still lost modestly the Japanese yen and the Swiss franc. the yen was the big winner in the session of trading forex today.

The Dow lost points 107.24 or 1.03%, S & P 500 dropped to 12.67 points, or 1.15% and the Nasdaq dropped to 24 86 points, or 1.11%.

Comment by installations of Trade Forex: Gold and EURJPY fakey 9-28-10

Published September 29th, 2010

Comment by installations of Trade Forex EURJPY fakey: Gold and

Gold:

Gold put in a massive false break/fakey model during the price action today. Note how queue bottom candle showed the refusal of the level of support intra-day recently near 1283.00 before quickly reversing top and affects almost 1310.00 per ounce.

This is still a powerful example of the trend of price action trading with gold.

EURJPY:

EURJPY formed a normal fakey today compared to what we saw in gold.Could we see price push upwards towards the resistance around 114.80 from here.We see a strong break above this level of resistance to a deeper to occur.

Note how low the fakey moved towards the day 8 moving average before rejecting the price and pushing higher, in line with the uptrend dominate.

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

Comment:

Euro gained ground against the dollar and the pound today as speculation escalation that central banks in THE US and British would pump more money into their economies anemic; this process is known as quantitative easing. This posted euro impetus for up to 5 months against the dollar and for a maximum of 4 months against the pound.

Elsewhere, gold rose to $ 1,310 an ounce and silver hit a top 30 years as the appeal of precious metals savings-refuge has encouraged even weaker U.S. consumer confidence and house prices.

The Dow added 46.10 points, or 0.43%, S & P 500 added 5.54 points or 0,49% and the Nasdaq acquired 50.86 points or 0.41%.