We did not get an extension of the USD’s strength from from the NFP revision on Friday. This offered a buying opportunity for the EUR/USD. Fibs and Pivots were essential for both the European and New York Sessions today. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
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The average directional Index or ADX, is an indicator that is use to determine the strength of a prevailing trend. The ADX is measured on a scale from zero 100 with a series of lines…
Originally posted 2010-03-18 20:38:12. Republished by Old Post Promoter
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Hi everyone. Looking at the charts today I found a fairly mixed market and Im hard pressed to put forward a direct market bias, particularly for the USD. In light of this I take a look at the Euro Pound for relative strength clues and then breakdown the Euro USD into bite size pieces and outline some key technical levels. This should give you the tools you need moving forward through the European session today. Good luck!! David Pegler
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INFORMATION & FREE DEMO: Info@TradingFX.com DOWNLOAD THE TFX CHARTS: secureforexprocessing.com Past performance is not necessarily indicative of future results. Trading involves a substantial risk of loss.
Originally posted 2009-11-24 23:14:39. Republished by Old Post Promoter
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The day started with forex USD dollar strength, confirmed with MACD and Stochastic Divergence. Even Fibonacci pointed down. All we had to do is break the Central Pivot Point. Alas, we didn’t and the thin market really exaggerated the response. A triangle gave us a clue about the “fake out”, but you don’t know until it happens.
Originally posted 2010-01-30 20:38:11. Republished by Old Post Promoter
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Hi everyone, happy to be back after the London holiday. For this outlook video I analyze the Euro Pound extensively not necessarily to trade it but to use this pair as a strong proxy for Pound related relative strength. Nothing particularly complicated, simply using Euro Pound technicals to trade Cable. Good luck and I hope you enjoy the video. David Pegler
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Although the EUR/USD managed a net move of just 2 pips from New York open to London close, there was an opportunity for a conservative and moderately profitable trade on the currency pair. Japanese yen strength, a theme seen broadly during today’s Asian session, returned at the start of the session, pulling the EUR/JPY pair down 100 pips. A weak British pound dragged the GBP/USD down nearly 200 pips following chancellor Darling’s pre-Budget report.
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We may now be seeing the final leg down in favor of the dollar. Initially, price action during the Asian session and during the first several hours of the London session was dollar bearish and we anticipated a further retracement, perhaps as high as 1.4100 vs. the euro; however, it all turned around and the market continued buying dollars following worse than expected UK and EU data, into the London close and throughout the entire New York session. We are now getting closer to the big NFP release this Friday, which may solidify our belief in further dollar strength. We hope to see little movement before Fridays data release, but with EU and UK interest rate policy announcements, we will surely see more volatility. Expect further dollar strength. Ifyoud like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com
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Currency Meter analyzes 19 currency pairs instantly and gives you complete market analysis in less than 3 seconds. No need to scan charts and different timeframes to find out what is going on in the currency market. Fire up my currency meter with your MT4 platform and make your next Forex trade a highly successful one…
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During today’s pre-London session and then into the first hour of the London open, we were dealing with some short term British Pound weakness and Japanese Yen strength, a quality setup for a GBP/JPY short, that was very easy to plan for trade entries and targets prior to pre-London beginning. In this video I show why I looked for these setups to begin with, and how both I went about initial entries prior to the London session I coach, along with some reloads we took together in the London session with the class. The last of which ended up being stopped out break even, but over all a nice Monday starting over 100 pips, nothing wrong with that. fxbootcamp London Currency Coach- Christian Stephens
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