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Forex Technical Review 4/10/08
EUR/USD
The pair is testing the very important key resistance level of 1.5810 and is looking to breach. The daily RSI and slow stochastic are very bullish and it appears that the breach might be imminent. A preferable strategy for today might be to wait for the bullish breach and swing into the trend.
GBP/USD
There appears to be a narrowing bearish channel on the daily chart as the cable now floats in the middle of it. The slow stochastic is showing moderate bearish momentum as it shows a double top formation with a negative slope. Going short today like yesrarday.
USD/JPY
There is a very distinct bullish channel forming on the 4 hour chart as the pair now made the first breach through the bottom barrier. The breach has been validated by an additional bearish bar, and the momentum now is extremely bearish. The next target price might be 100.50 on the first move.
USD/CHF
Narrow range trading continues as the pair did not make a significant move in either direction. The daily chart is showing first signs of a bearish momentum as the slow stochastic shows no crosses and the RSI floats near the 50 level. The Bollinger Bands are tightening and a breach might be imminent to any side. A good strategy is to look at the signal and ride the momentum.
Forex Technical Review 4/09/08
EUR/USD
look like a consolidating at 1.5710 and appears to be accumulating momentum ahead of the next break. 60 min` chart is showing moderate bullish momentum, and the daily chart is showing that there is still more room to run, probably towards the 1.5800 zone.
GBP/USD
The cable is in the middle of a very sharp bearish trend after the breach through the 1.9800 level. The slow stochastic is showing a negative slope on the daily chart, and it appears that the bearish trend will continue. Going short for today.
USD/JPY
No significant breach has been made in either direction, yet there is a bearish hint in the form of a cross on the 4 hour Slow Stochastic. The Bollinger Bands are tightening which indicates that the break is near. Going short with tight stops for today.
USD/CHF
There is a very distinct flag forming on the daily chart as the pair now floats at the tip of the flag. The slow stochastic is showing a bearish cross which might result in a breach through the bottom section of the flag. still no game for me on this one .
Forex Technical Review 4/09/08
EUR/USD
look like a consolidating at 1.5710 and appears to be accumulating momentum ahead of the next break. 60 min` chart is showing moderate bullish momentum, and the daily chart is showing that there is still more room to run, probably towards the 1.5800 zone.
GBP/USD
The cable is in the middle of a very sharp bearish trend after the breach through the 1.9800 level. The slow stochastic is showing a negative slope on the daily chart, and it appears that the bearish trend will continue. Going short for today.
USD/JPY
No significant breach has been made in either direction, yet there is a bearish hint in the form of a cross on the 4 hour Slow Stochastic. The Bollinger Bands are tightening which indicates that the break is near. Going short with tight stops for today.
USD/CHF
There is a very distinct flag forming on the daily chart as the pair now floats at the tip of the flag. The slow stochastic is showing a bearish cross which might result in a breach through the bottom section of the flag. still no game for me on this one .
Here id something for your laughter.
No need to tell you this guy is a smoker.
http://www.stockmarkettradealerts.com/videos/front/fvideo.html
GLOD
floats on the bottom barrier of it. It appears that if a significant breach through the 919.00 will not occur, this bullish channel will resume at full steam. This is a great opportunity to swing on this into the bullish trend i think its a great entry price and if you trade forex you cant ask more then that.
Forex Technical Review 4/08/08
EUR/USD
The daily chart is still very bullish as both the slow stochastic and the RSI are floating in mid level of 50. The 4 hour chart is showing a moderate bearish reversal signal, and the 1 hour chart is indicating an imminent bearish trend. Buying on dips with a tight stop will go on that.
GBP/USD
The cable is testing the key Fibonacci level of 1.9810 and is the middle of a very strong bearish trend. A breach through that level will validate a much stronger bearish trend that might take the pair to the 1.9730 zone. Going short on this today
USD/JPY
The bullish channel continues at full steam, as the 4 hour chart is showing that there is still much steam in the trend. The daily chart is showing a double doji formation with a bearish cross on the slow stochastic which might indicate a moderate corrective move before the bullish trend resumes. Buying on dips but a risky one.
USD/CHF
The daily chart is showing that the pair has been range trading with no distinct direction for a while now. The 4 hour chart is showing no clear signals as the RSI and the slow stochastic are floating on neutral territory. still no trading on this for me need a clear signal before entering the market.
Forex Technical Review 4/08/08
EUR/USD
The daily chart is still very bullish as both the slow stochastic and the RSI are floating in mid level of 50. The 4 hour chart is showing a moderate bearish reversal signal, and the 1 hour chart is indicating an imminent bearish trend. Buying on dips with a tight stop will go on that.
GBP/USD
The cable is testing the key Fibonacci level of 1.9810 and is the middle of a very strong bearish trend. A breach through that level will validate a much stronger bearish trend that might take the pair to the 1.9730 zone. Going short on this today
USD/JPY
The bullish channel continues at full steam, as the 4 hour chart is showing that there is still much steam in the trend. The daily chart is showing a double doji formation with a bearish cross on the slow stochastic which might indicate a moderate corrective move before the bullish trend resumes. Buying on dips but a risky one.
USD/CHF
The daily chart is showing that the pair has been range trading with no distinct direction for a while now. The 4 hour chart is showing no clear signals as the RSI and the slow stochastic are floating on neutral territory. still no trading on this for me need a clear signal before entering the market.
If you look into the short term 1 major thing pop up she cant do more then 2- 3 days in a row, also its not a mover on the support/resistant. on the weekly there was a sell move so I still don’t see any big change
Stop 5.71
key break short term 6.37-6.50 +need to see a MACD cross and RSI is just RSI cant depend on that indicator in this particular stock for short term .
Personal stock like this on the short term i will play move of 0.5 -7 cents long and short not more then that.
GL
Forex Technical Review 4/07/08
EUR/USD
The pair is floating between two key Fibonacci levels and is now showing bearish price movement. The 4 hour chart is showing a distinct bearish cross, and the daily RSI is floating around 50 which indicates that the bearish trend might continue. Next target could be 1.5620 i think we are going to make it for shoer term.
GBP/USD
The bullish trend stopped by a moderate corrective move which took the pair to the 1.9900 level again. There is a bullish cross forming on the 4 hour chart which indicates that the bullish reversal is quite imminent. Going long with tight stops for today.
USD/JPY
There is a very distinct bullish channel forming on the 4 hour chart as the pair now floats in the middle of it. The bullish momentum is back, and the slow stochastic is showing that there is still much more room to run up. Next target price for me 103.10.
USD/CHF
The pair has been traded in a range for a while now, and no distinct signal has been received on the daily level. The 4 hour chart is showing mixed signals yet the Bollinger Bands are getting much tighter which indicates on a possible close break. can swing in on any direction will skip trading this for today.
Forex Technical Review 4/07/08
EUR/USD
The pair is floating between two key Fibonacci levels and is now showing bearish price movement. The 4 hour chart is showing a distinct bearish cross, and the daily RSI is floating around 50 which indicates that the bearish trend might continue. Next target could be 1.5620 i think we are going to make it for shoer term.
GBP/USD
The bullish trend stopped by a moderate corrective move which took the pair to the 1.9900 level again. There is a bullish cross forming on the 4 hour chart which indicates that the bullish reversal is quite imminent. Going long with tight stops for today.
USD/JPY
There is a very distinct bullish channel forming on the 4 hour chart as the pair now floats in the middle of it. The bullish momentum is back, and the slow stochastic is showing that there is still much more room to run up. Next target price for me 103.10.
USD/CHF
The pair has been traded in a range for a while now, and no distinct signal has been received on the daily level. The 4 hour chart is showing mixed signals yet the Bollinger Bands are getting much tighter which indicates on a possible close break. can swing in on any direction will skip trading this for today.
Gold
you see the 3 last green candle`s look like a bearish flag and has resistance at the trend line and 50-day EMA at $928. this is An over sold bounce let see if it can make it but the Gold is over sold and in the long this should go up but still the major support is at the $850 .
SILVER
check the MACD for a crossover- a longer term move to the 200-day is a spot to watch. for shorter term .
USD
bad for the USA good for the Gold to move up look at that slump i am amazed by the US dollar drop but still this can go much lower
will do there is NT 10-K so who knows what the Q will bring on
USD
Look like The USD has rebounded over last few days leading up today's Non-Farm Payrolls report. Fed Chairman Bernanke said on Wednesday that the U.S. economy may fall into recession in the first half of 2008, although he was less pessimistic than expected(maybe a loser?),
markets have grown more optimistic about the U.S. economy in recent days, investors do not seem to believe that the present financial turmoil is coming to an end. Concerns about the U.S. economy still remain high.
Dollar trading should stay calm today until the release of Non-Farm Payrolls, where will likely see volatile behavior. If Payrolls return with positive results, expect dollar bullishness to continue up until the close of the markets and kaboom
No matter what bad things they tell you about the US dollar don’t believe them (:
I know we laugh about the toilet paper, but bottom line every one love US dollar.
Like you say ;"im thinking US dollar rallies hard this summer" but I don’t think so, you think on the dollar in a local matter because that's your currency.
I look at the dollar in a global matter; the dollar drop hurt so many international businesses and it let many companies abandon the dollar and start naming there price in there local currency.
Those who trade Forex don’t remember such negativity on the US dollar, the problem with the dollar is there are some countries who start to interfere with the dollar and enter them self in to a long term plan start buying US dollar to stop the fall and help there local export from going chapter 11(the central Israeli bank for example going to buy 250 mil every day for the next 3 years and all this because the dollar drop so low and our local currency getting strong)
The problem if you want to see a recover on the US dollar you need first to have a strong American economy recover, and that is very far right now, the US dollar wont recover so fast just because it drop so low and lots of trader looking for a cheap price to buy, it wont work,the dollar currency is not just a piece of paper it’s an exact mirror on your economy, I see the dollar doing a fix on the chart and enter his long consolidation and even lower until you will see some positive strength on the US dollar. .
If you will take the Gold this days even in such high prices is till a better investment for the short/mid term then investing your money on the US dollar.
Just give it time soon we are entering into the Q season all those big company going to show some loss and the dollar will take the blame on that.
The gold did an amazing run in the last few months and I think its need to rest a little.
The silver is a bit riddle and it's behave is not consistent, so I will go on this more on TA and last on the fundamental.
Also if you take the Gold&silver commodity they perform well on an overall weak market.
I think the stock market is very tricky and its not the best place to put your money in ,I still think the Gold didn’t say his last word and you going to see lots of red soon on the stock market, just wait for the big stocks like Google IBM and the rest of the gang when they will release the Q resolute, they will take everyone down, then you will see a gold rush in the commodity sector.
It's going to be a difficult year on the stock market and I will recommend for those who can trade alternative market like Forex commodity to play those market and less trading on stocks.
Also remember extreme swingy market like we have in the last few month is one of the worst market to trade unless you are a short term player.
As I say before I still think the worst didn’t came yet
"I'm in this one to make $$$"??
That what you say 2 years ago regarding this stock and as far as I know you are not a short term player, move on man, no money here .!
Forex Technical Review 3/31/08
EUR/USD
The pair is still consolidating around the 1.5780 level, and it appears that the momentum on the 4 hour chart is moderately bullish. The daily chart is showing that there might be an attempt to breach through the 1.5850, and if a breach will occur we might see a stronger bullish move. Going long appears to preferable today.
GBP/USD
The cable is in the middle of a bearish corrective move ad is now floating around 1.9870. The momentum on the 4 hour chart is very bearish and it appears that there might be a testing of the Fibonacci level of 1.9805. going short might be the way to go today.
USD/JPY
The daily chart is very bullish as the slow stochastic shows no crosses and is floating at the 50 level. The 4 hour chart has been giving mixed signals with no distinct market direction for the past 4 trading days. i will wait for a clearer bullish sign on the hourlies before entering the market.
USD/CHF
The pair is in a flat consolidation mode around the 0.9960 with no clear direction on the daily chart. The 4 hour chart is moderately bullish as the slow stochastic shows a positive slope. It appears that waiting for a significant bullish breach might be a wise choice before entering the market.
This stock have some nice moves under her sleeves .
but a trick one .any way i do only day trading this days .
20-40 min` for a trade this days.
Support /resistant
GOLD -will test the lower of 900-850
sliver
Support-16.72
resistant-19.28
a red reversal need 1 more day to confirm
The deferent is that you hear the news and I live them, but really overall its not like you see on the news on the daily matter we don’t have much action over here.
Israel Syria and Lebanon conflict have very small effect on the economy and the oil is not and issue at this region, our economic here is very strong and even on the last war 2 years ago it didn’t have any effect on us at all on the stock market exchange.
Also the Hammas and the Israeli are fighting on a daily matter for years I cant see any effect on the currency markets in the next year to come unless you will have a sudden war between Israel and Syria but that wont happened I think and Lebanon is not en issue at all they always have problem there
what a bout them ? AMD can dry you up
"Getting tired of the pennies" (: penny's are a unique you need to trade them fast and consider them as shell only ,becoming penny master you need to understand how the game work, bottom line the amount of penny stocks that make it is almost equal to 0
You can make money on the penny only for short term IMO if you look for long on the penny you will probably loss all you have.
Any way I love to trade penny but they are only 10% from all my capital and it's very negligible on my account but I dedicate a lot of my time trading this market.
to trade forex I use easy Forex (Israeli ) there are a lot of Forex platform out there the problem a lot of them are not so reliable and give you crazy leverage and fake stops.
Never use a small forex company also if you start trading the forex use the demo account first for training before you put your money.
If you are new to the forex start with the Mini Forex $5 or less for Pips before you start with big contract.
FOREX is a risky market you can make good money but the key is to use the stops and master your TA ,TA is must on the Forex not like stocks on the Forex you can trade only on a base of TA ,also Forex is a big step to understand trading commodity, if you will learn this 2 market you will never look back again on any stocks .
My gain on the Forex/comodety in 2 days is equal for 1 month trading stock (but I trade high contract minimum $300 for a Pips
GL
To enjoy our/your freedom better stay single(:
much more affective (:
Double top play are easy, but a risky one if you look at the intra day chart , you buy on the break (resistant) and then the top become your new support, should be a fast play not more then that, until you will see some consolidation (remember we are traders not dreamers we buy and sell and make money)
Forex Technical Review 3/28/08
EUR/USD
The pair is consolidating at 1.5780 on the short term, and it appears that the momentum on the 4 hour chart is moderately bullish. The daily chart is showing that an attempt to breach through the 1.5850 is on the way, and might occur as early as the beginning of next week. Going long appears to preferable today.
GBP/USD
The cable is currently correcting down on a local level within the bigger bullish trend. The cross on the 4 hour chart indicates that the bullish trend's comeback is at the doorstep. A strong breach through 2.0058 will validate the bullish return.
USD/JPY
The daily chart is very bullish as the slow stochastic shows no crosses and is floating at the 50 level. The 4 hour chart is giving mixed signal with no distinct market direction.i will wait for a clear bullish sign on the hourlies before entering the market.
USD/CHF
After the strong bearish drop to the 0.9650 levels, the pair shows a moderate consolidation on the 0.9930 level. The 4 hour chart is showing a slightly bullish momentum, as the daily chart supports the bullish notion. Going long with tight stops i will go with that today.
EUR/JPY
There is a very distinct breakout pattern forming on the 4 hour chart in the shape on th Doji. The slow stochastic is showing no crosses and has a positive slope. The Bollinger bands are tight which means that the bullish break is on the way. This could be a great opportunity to enter the market on a long position with very high profit potential.
Don’t remember if you mention but is it a boy or a girl? You didn’t tell us I think (what's the baby name ? ITRO?.
Now come the big step, which meaning you need to go back to your life history.
Since you got married; these days you are start to facing your secondary slavery time in life.
No need to remain you the first slavery time after you got married, but all mans past this stage ( I think kevin252 is on his first stage right now)
Now you have a fresh baby so no more movies, no more fun or good night sleep going to be hard times for the next 6 months (:
Have fun (:
Thanks
Regarding the Mod, no thanks I am a busy man, can't be committed to the board (I neglected my board already to busy this days )but I will try to help as much as I can as my time will let me .
Tsafi
Forex Technical Review 3/27/08
EUR/USD
The pair is in the middle of a very strong bullish trend and is now traded around 1.5780. The daily slow stochastic is showing that there is still room to run and that 1.5830 is a very strong resistance. If the pair breaches the resistance level, we might see a stronger bullish move that might take the pair into the 1.5900 zone. A failure to breach might bring a moderate corrective move.
GBP/USD
The cable is still floating around the key Fibonacci level 2.0060 and shows moderate bullish momentum. The daily slow stochastic is still bullish as the 4 hour chart provides mixed signals. but i will wait for a significant bullish break before swinging into the trend.
USD/JPY
The momentum which was created after the bearish breach through the flag on the 4 hour chart continues with full steam. The daily chart is still very bearish as the 4 hour chart is starting to show first signals of a moderate bullish momentum. i will sell on highs today.
USD/CHF
There is a widening bearish channel forming on the 4 hour chart as the pair now floats at the bottom level of it. A bullish cross on the slow stochastic supports the notion that the pair will test the upper level of the channel, probably before the weekend. Going long with tight stops might be a good play today i think.
EUR/USD
The daily chart is showing strong bullish momentum as the slow stochastic is showing no crosses and is still floating at the 50 level. The 4 hour chart shows a moderate bearish cross which might indicate on a local corrective move before the bullish trend resumes. Buying on dips could be a good strategy i think for today.
GBP/USD
The cable has been showing bullish consistency and is now traded around 2.0050 which is a key Fibonacci level. A breach through that level will validate a very strong bullish move with a potential target price of 2.0180. Going long might be a wise choice today.
USD/JPY
There has been a very significant breach through the very distinct flag formation on the 4 hour chart. The bearish cross of the slow stochastic is supporting the bearish notion, and the next target price might be around 99.20.
USD/CHF
After the pair breached through the bullish channel of the 4 hour chart it bottomed at 1.0040 and is now showing its first bullish signals. There is a very distinct bullish cross on the slow stochastic of the 4 hour chart which indicates that the pair might have room to run up to the 1.0150 area. Going long might be the way to go today.
USD
Fed will continue to ease interest rates in order to try and salvage the ruins of the US economy.
"There are a variety of reasons for the dollar's general weakness. The major ones are the bearish outlook on the economy and expectations of more rate cuts. The Fed may cut rates by half a percentage point next month and another quarter point in Juneג€ said the head of economic strategy of Bank of America.
Despite the unexpected rise in existing home sales of 2.9% which was the biggest jump in a year, the greenback continued to linger in bear territory.
As for today, there are two major events expected to come from the US. The first is the Yearly National HPI Composite index which measures the annual change in the average price of a single-family home in 20 metropolitan areas. And is expected at 13:00 GMT The index is expected to be released at -10.5% and has a previous figure of -9.1%. A bit later at 14:00 GMT, the Consumer Confidence is expected to be released with a forecast of 73.5 which is slightly lower than last month's release of 75.00.
The expectations for weak US data will most probably help to push the greenback further down, and it appears that the short breath of fresh air which caused the greenback to gain against most currencies is probably over(maybe who knows ).
Forex Technical Review 3/24/08
EUR/USD
The pair corrected to the 1.5300 levels which is a key Fibonacci(not the king today) level yet failed to make a bearish breach. There is a bullish cross forming on the daily chart, and together with a sharp bullish spike it appears that there is now more room to run upwards. Next target price might be 1.5660.
GBP/USD
The cable is in the middle of a bullish trend which according to the daily chart has positive momentum. The RSI is floating at 50 and the slow stochastic is showing no reversal crosses. It appears that the bullish trend might continue with a target price of 2.0070.
USD/JPY
There is a very distinct narrowing bullish channel forming on the 4 hour chart as the pair now floats on the bottom barrier of it. The slow stochastic is showing a triple top formation with a positive slope, which indicates that the continuation of the bullish trend is quite imminent. Going long might be the right way to go today.
USD/CHF
The bullish channel which was initiated at 0.9800 continues with full momentum. The Slow Stochastic of the 1 hour chart implies on an additional bullish move, and the RSI is showing that there might be a breach through the upper level of the channel in the next 48 hours. Going long with tight stops might be preferable today.
You want a good entry? there is no indication for a up trend yet or a reversal, hold for the right entry signal.
Forex Technical Review 3/24/08
EUR/USD
There is a bearish channel forming on the 4 hour chart, as the pair now shows moderate bearish momentum and is floating in the middle of the channel. The slow stochastic is pointing on additional room, for the correction, and the next target price might be 1.5300.
GBP/USD
The cable has breached through the 1.9810 which a key Fibonacci level(Remmber on the FOREX Fibonacci is the king) and has validated the next bearish move. The RSI is heading to the 20 level and the slow stochastic shows no cross. It appears that going short with tight stops might be a good choice.
USD/JPY
The pair is showing a strong bullish break on the daily chart and the RSI is floating at 50. The Bollinger bands are still very wide, and no crosses are seen on all time scales of the Slow Stochastic. This indicates that there should be no up coming reversal move, and that the bullish trend might continue. Next target price might be 100.50.
USD/CHF
There is a very tight bullish channel forming on the 4 hour chart as the pair now floats in the mid section. The slow stochastic is showing a positive slope formation and the daily chart is showing very wide Bollinger bands. It appears that the bullish momentum will continue, probably up to the top level of the channel at 1.0230.
I am a TA trader but on days like now sometime TA is not a rocket science.
There is so many things going on, on the local and global market its hard to predict where we are going, and I think the best trading is on a daily matter until we will see a clean way for long on the USD.
In personal I think the worst is not behind us, but that’s base only on my personal feeling(:
Also you have to think on the global and not on the local
I think the dollar value will loss more in the next month to come.
The US dollar rallied as the Fed cut a bit less than was expected by many. This may finally be the start of a longer term reversal as it makes a base. A dollar reversal would be negative for commodity prices and positive for stocks.
but i think the fundamental is stronger then the TA for long
there may be an oversold bounce but I think it is too early to buy gold as you will see some correction maybe too early to tell.
siver
This commodity is very volatile you can see a dramatic pullbacks but it will be a short one
Forex Technical Review 3/21/08
EUR/USD
After making a sharp correction to the 1.5400 level, the pair is now consolidating on that area. The 4 hour chart is showing a strong reversal cross after a three top formation with negative slope. The daily chart is supporting the reversal notion, and it appears that going long might be a good choice today.
GBP/USD
The cable is floating around the key Fibonacci level of 1.9850 and is now regaining bullish momentum. There is a bullish cross forming on slow stochastic of the 4 hour chart, which indicates that this might a good entry point for a long position.
USD/JPY
The pair is about to make a second attempt to breach through the 100.00 level after the first attempt failed to validate the bullish breach. The momentum is very strong at the moment and if a breach will occur, it will validate a possible additional bullish trend that might take the pair back to the 101.00 levels.
USD/CHF
The daily chart is showing 4 consecutive days on an increase, as the momentum is bullish than ever. The slow stochastic of the daily chart is floating on mid levels and shows no crosses. Going long might be a great position today.
Ok so you own me now $85000 ill put it on your tab (:
Told you got instincts and hunch that’s all I have in my arsenal this days(:
So i am wining? (: