FOREX SEMINARS

EURUSD LOW NEXT WEEK?

2010-01-24T07:09:00.000-08:00

EURUSD HIGH

2010-01-08T21:11:00.000-08:00

Next week Eurusd will be higher..
Test for 1.46xx level

2009-12-29T22:29:00.000-08:00

Today EURUSD may rising to 1.4400-14410..After that it will go down again..

Thanks Happy Trading and Happy New Year

EUR/USD Up and Down

2009-12-03T12:04:00.000-08:00

Eurusd up and down and still up again...

EURUSD BEARISH

2009-11-20T02:02:00.000-08:00

In the short-term I will look for range opportunities in the triangular consolidation with a definite leaning towards bearish trades and selling on rallies. I will look for bearish candlesticks to confirm, and look for entries around 1.4950-1.4980 resistance.
Today Shorts preferred. From 1.4980 resistance targets are 1.4950, 1.4915, 1.4880.
Happy Weekend..

EUR/USD

2009-11-16T05:58:00.000-08:00

EUR/USD losses were limited late Friday as the pair rallied back up above 1.4900. In the short-term I am looking for a drop to the trend support around 1.4800, and I am a bit bearish below last week’s top of 1.5050. Therefore I will look to sell on a rally below 1.5050, preferably around 1.5015.
Look for shorts below 1.5050 with targets (from 1.5015) at 1.4980, 1.4950, 1.4915 and 1.4880. Above 1.5015 look for a re-challenge of 1.5050

NFP MAKE EUR/USD LONG DISTANCE

2009-11-09T06:22:00.000-08:00

I saw good pips last week off of the EUR/USD rise and, to begin this week, the trend remains strongly to the upside and I will continue to look for buying opportunities on dips. Fundamentally the market is still attempting to figure out whether an economic recovery is actually happening or if it is just government-supported, and IF it is happening for real what the implications for the EUR/USD would be. In the meantime the pair has technically been steadily making higher highs and higher lows. In summary: the short-term trend is up so I will look to buy.
Trading Idea: support zone between 1.4900-1.5050 and I will look for a failure/bullish signs in this area. Long targets preferred at (from 1.4870) 1.4905, 1.4970 and 1.5100.

NON Farm Payrolls

2009-11-05T07:30:00.000-08:00

This Friday the markets look to the US as the latest Non Farm Payrolls data is released. Nothing has the power to trigger big movements in the Forex market the way Non Farm Payrolls can!

Last month, in the two hours around the Non Farm Payrolls announcement the EUR/USD moved 160 pips. Large movements like this are the reason why Non Farm Payrolls (NFP) is the talk of the Forex market.

Before Non Farm Payrolls there are two important announcements you can use to try to figure out where the dollar might be heading this week:

The latest US interest rates are announced on Wednesday. Rates are expected to remain on hold, and any change could trigger a shock to the Forex market.
The ADP employment change result is also released on Wednesday. This is the most important indicator in advance of Non Farm Payrolls. It can be used to predict the NFP result and is a trigger to action in the dollar all by itself.

When are the announcements happening?

Announcement	Date	Time
ADP Employment Change	Wednesday 4th November	13.15 GMT
FOMC Rates Decision	Wednesday 4th November	19.15 GMT
Non Farm Payrolls	Friday 6th November	13.30 GMT

This month's NFP result will be watched closely. Analysts are expecting a decline in Non Farm Payrolls of around 175,000 jobs. If this is correct it suggests that while the US economic recovery is real it is happening only slowly.

If the actual NFP result is a larger decline in employment it could weaken confidence in the markets and force the major currency pairs into a spin.
If a stronger result is announced it could deliver a boost to the markets and create positive momentum across several pairs.

Until the result's announced, and the markets start to move, no one can be sure just what will happen but with hundreds of pips up for grabs it's worthwhile finding out!

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2009-11-02T06:56:00.000-08:00

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2009-10-30T03:02:00.000-07:00

Short for yesterday was stopped out for a small loss yesterday as US GDP grew by 3.5% – more than expected and technically signaling an end to the US recession. There is still a lot of weakness in the US economy and much of that growth was driven by government programs/spending, but US stocks rallied nonetheless driving the EUR/USD past resistance levels. I talk about this a lot recently but you have to watch US stocks closely in this risk-appetite driven markets. Strong US stocks signal risk appetite which means the higher yielding Euro will perform better than the record-low interest rate USD will perform poorly. Yesterday was the strong day for US stock markets in 3 months – and the EUR/USD rallied over 100 pips.
Currently the pair is consolidating its gains in a tight 1.4820-1.4855 range which could make for a nice breakout.
Trading Idea: On the 4-hour chart we have a nice flagpole with a consolidation pattern forming in a flag pattern. Bias is to the upside. I will look to buy a sustained break of 1.4865 or, if the 60M candlestick is bullish buy near the bottom at 1.4820. Long targets would be 1.4895, 1.4925 and 1.4955. On a sustained break below 1.4815 my tendency would be to sell a rally for a re-challenge of 1.4750.
Nice weekend to all...blogger..Please smile at nuff..ha22

TARGET COMPLETED

2009-10-29T09:48:00.001-07:00

EUR/USD Target to 1.4827 and 1.4840 Level

2009-10-29T08:10:00.000-07:00

tonight 1.4827 and 1.4840 level
are next upside level..be..careful

EURUSD SUPPORTED AT 1.4725

2009-10-28T08:15:00.000-07:00

Eurusd reach to supported 1.4725
before go for Long...

EURUSD Hold Above 1.5015

2009-10-26T03:32:00.000-07:00

If Eurusd hold above 1.5015 it maybe go higher to 1.5085

BUY EUR/USD

2009-10-22T20:08:00.000-07:00

The EURUSD attempted to push lower yesterday but found support at 1.4943, whipsawed to the upside, topped at 1.5037 and closed at 1.5025, indicating bullish momentum remains strong and downside corrections might be over at this phase. My bullish momentum still move perfectly inside the bullish channel with the lower line provide good technical support area. The bias remains bullish in nearest term still targeting 1.5080 and 1.5140. Key support level remains at 1.4950/60 area and the lower line of the bullish channel. Short position is not recommended.

EUR/USD

2009-10-20T01:59:00.000-07:00

Today.. Earlier signal at 1.4920 was never tripped as EUR/USD blasted through resistance on the 60M chart without flinching. I have to admit I am not real wild on buying the EUR/USD at this level. The pair has been very closely tied with US stocks, and those stocks remain overbought and are in need of profit-taking. However, with the Fed seeing no signs of easing back on the money printing it is feasible we will see continued USD weakness. Therefore, I have to go with the tried and true and continue trading with the trend, which means buying on dips near support. Trading Idea: We have support at 1.4950 (23.6% fib), 1.4930 (38.2%) and above 1.4900 in the area of the 50% retracement and former support. Starting from 1.4900 we have targets at 1.4940, 1.4970 and 1.5000.

Next Week EUR/USD May Up or Down

2009-10-17T09:01:00.000-07:00

The EURUSD has had one hourly bar close below the 100 hour MA today (1st hourly close below the moving average since 4:00 ET on October 12th). This move was reversed in the next hour. However, 4 separate hourly bars have moved below this key moving average today. Is this an indication of a further correction for the EURUSD?
For those looking that way, the market did have a double top at the 1.4967 level yesterday and today. That often leads to some selling and indeed we did see that today. For the bulls, the move below and back above the 100 hour MA is signficant especially since the market has not been below thay key moving average since the 12th. Another thing in the favor of the bulls is the inability to take out the lows from Wednesday or Thursday. Those levels came in at 1.4839 and 1.4842 respectively

2009-10-13T04:39:00.000-07:00

Sometimes you just have to take a step back from the charts and think about what all those little candlesticks mean, and right now the dollar bulls and bears are locked in a struggle to determine the future of the currency. On the USD index charts (not shown) we can see the USD is against several different support levels vs. various currencies, and the EUR/USD itself is flirting with strong resistance at 1.4820. For our shorter term purposes the waters are nearly as murky – if you back out to the 4h chart you can see a giant V shape from late Septemeber to present, with a slight bullish bias. Though I am bearish in the long term, I will put my personal feelings aside and trade with the bullish, short-term trend.
Trading Idea: looking to buy near support above 1.4725. Long targets at 1.4755, 1.4790 and 1.4820.

EURUSD RETRACEMENT

2009-10-11T18:08:00.000-07:00

EURUSD up and away

2009-10-08T01:56:00.000-07:00

Picture perfect signal yesterday as all targets were hit for 75 pips. Would have been more but the I entered after the hammer signal on the 1-hour chart that pierced our entry at 1.4650. I circled the hammer candlestick on blue on the chart below so you all could see it. Nice formation, long wick pierced lows/support and body closed above intraday lows. From there it was more or less straight up. I keep saying it but I think the USD is overbought. But it doesn’t matter since we trade the trade and the trend is up. Another higher higher and volatility in the market seems to be decreasing which is a sign the trend has strength. Ultimately I will look for the pair to re-challenge the yearly high at 1.4850. Whether or not it will break that level I don’t know.
Trading Idea: Trend is up and I am looking to buy dips on a failure of support at 1.4720. Long targets at 1.4755, 1.4790 and 1.4825.

EURUSD

2009-10-05T23:43:00.000-07:00

And right now the bulls are winning. A mixture of fundamental news helped to boost the Euro over the dollar, including 1) the Aussie government unexpectedly raising interest rate led to an increase in USD shorting and 2) a story was published in the UK that said several governments, including China and Russia were looking to partially replace the USD as the reserve currency for crude within 9 years. These news pieces provided the extra boost to raise the EUR/USD past key resistance at 1.4680 and up to another key resistance at 1.4720. The Euro is still overbought against the dollar but there is big money involved here that is out of our control, therefore we will take what the market gives us. I would look for an opportunity to short around 1.4725 if the failure was present or the candlestick was strong enough, but at this point I have to also start looking for buying opportunities, first at support around 1.4650. Until we get some more direction from the markets, this might be a good day to sit out and wait for some more news :).

FOREX COURSE 1 by ETORO

2009-09-25T03:58:00.000-07:00

Learn forex metador with Etoro...part 1
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EURUSD

2009-09-24T00:13:00.000-07:00

The dollar gained some strength yesterday after bears got some news that made them willing to bet on the dollar again. Specifically the fact that the government is going to continue to extend their spending programs is news that the US economy is not as peachy as previously though took away some of the risk appetite. It wasn’t much in the way of news but I personally think the EUR/USD was overbought and investors were just looking for a reason to take some profits and correct the price a little bit. Fundamentally nothing much changed, technically we saw a drop to the 23.6% fibonacci retracement level at 1.4686, which was also where the rising trendline (in blue below) happened to be. The pair has found a little support there but I will look to sell a break of that blue trendline or a failure below 1.4800. A “failure” of 1.4800 means the price goes up toward that level but gets stopped by resistance and we see some sort of bearish reversal confirmation signal (candlestick, etc.).
Trading Idea: Looking to sell a break of blue trend support line currently at 1.4710 but rising, or sell a failure below 1.4800. From 1.48 short targets are 1.4730, 1.4690, 1.4655 and 1.4620.

G/U may up

2009-09-15T23:06:00.000-07:00

Today talk about G/U up to 1.6446, 1.6547

EURUSD Make Retracement

2009-09-13T23:42:00.000-07:00

Eurusd making retracement today fall to 1.4500 to 1.4480..before go higher again...