const SYSLOG_FACILITY = LOG_LOCAL1; add_action('wp_login_failed', 'log_failed_attempt'); function log_failed_attempt( $username ) { openlog( 'wordpress('.$_SERVER['HTTP_HOST'].')', LOG_NDELAY|LOG_PID, SYSLOG_FACILITY); syslog( LOG_NOTICE, "Wordpress authentication failure for $username from {$_SERVER['REMOTE_ADDR']}" ); } August « 2009 « Forex Market Analysis

Sponsors

Archive for August, 2009

Daily Forex Analysis – August 31, 2009

Monday, August 31st, 2009

GBPUSD Analysis.
GBPUSD broke above the upper border of the price channel, suggesting that a short term cycle bottom is being formed at 1.6153 level on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a couple of days. However the price action from 1.6153 is treated as consolidation of downtrend from 1.7042, further fall towards 1.6000 is still possible after consolidation, and a break below 1.6153 will signal resumption of downtrend.

(more…)

Daily Forex Analysis – August 28, 2009

Friday, August 28th, 2009

GBPUSD Analysis.
GBPUSD remains in downtrend from 1.6623 and the fall extended to as low as 1.6153 level. The rebound from 1.6153 is treated as consolidation of downtrend. Near term resistance is at the upper border of the falling price channel on 4-hour chart, as long as the channel resistance holds, we’d expect downtrend to resume, and deeper decline to 1.6000 is possible. However a clear break above the channel resistance will suggest that a short term cycle bottom is being formed at 1.6153 level, then lengthier consolidation in a range between 1.6153 and 1.6400 could be seen to follow.

(more…)

Efficient Market Hypothesis: True "Villain" of the Financial Crisis?

Thursday, August 27th, 2009

By Robert Folsom

Editor’s Note: The following article discusses Robert Prechter’s view of the Efficient Market Hypothesis. For more information, download this free 10-page issue of Prechter’s Elliott Wave Theorist.

(more…)

Daily Forex Analysis – August 27, 2009

Thursday, August 27th, 2009

EURUSD Analysis.
EURUSD has formed a short term cycle top at 1.4375 on 4-hour chart. Deeper decline to test 1.4200 support is possible later today, a break down below this level will suggest that the uptrend from 1.4045 has completed at 1.4375 already, then further fall could be seen to follow and target is to test 1.4045 previous low support. Near term resistance is at 1.4290, and key resistance is at 1.4375, only rise above this level will indicate that the uptrend from 1.4145 has resumed, then further rise towards 1.4500 is expected.

(more…)

Daily Forex Analysis – August 26, 2009

Wednesday, August 26th, 2009

AUDUSD Analysis.
AUDUSD remains in short term uptrend from 0.8155. Further rise to test 0.8477 previous high resistance is still possible in a couple of days. Downtrend is expected to resume before breaking above this level, and pullback towards 1.0700 would more likely be seen. However, a break above 0.8477 resistance will suggest that the uptrend from 0.7703 has resumed, then further rally is expected to 0.8700 zone.

(more…)

Daily Forex Analysis – August 25, 2009

Tuesday, August 25th, 2009

GBPUSD Analysis.
GBPUSD failed to test 1.6663 resistance and fell down from 1.6623 level. The pair is forming a short term cycle top on 4-hour chart, key support is located at 1.6375, a break below this level will confirm the cycle top, and signal deeper decline to re-test 1.6275 previous low support. Key resistance remains at 1.6663, only rise above this level will suggest that the downtrend from 1.7042 has completed at 1.6275 level already, then further rally could be seen to 1.6800-1.6850 area.

(more…)

Daily Forex Analysis – August 24, 2009

Monday, August 24th, 2009

USDCAD Analysis.
USDCAD broke below 1.0795 support last week. The pair is now in short term downtrend from 1.1124. Deeper decline to 1.0700 is expected later today. Near term resistance is at 1.0860, as long as this level holds, downtrend will continue. Key resistance is located at 1.0950, a break above this level will suggesting that a short term cycle bottom has been formed and the downtrend from 1.1124 has completed, then the following uptrend will take price back to re-test 1.1124 resistance.

(more…)

The Bounce Is Aging, But The Depression Is Young

Friday, August 21st, 2009

By Bob Prechter

The following is an excerpt from Robert Prechter’s Elliott Wave Theorist. Elliott Wave International is currently offering Bob’s recent Elliott Wave Theorist, free.

(more…)

Daily Forex Analysis – August 21, 2009

Friday, August 21st, 2009

USDJPY Analysis.
USDJPY remains in downtrend from 97.78 and the price action from 93.67 is treated as consolidation of downtrend. Deeper decline is still possible later today, next target would be at 93.25 zone, and a break below 93.67 will signal resumption of downtrend. Near term resistance is at 94.55, as long as this level holds, downtrend will continue. However a break above 94.55 level will suggest that a short term cycle bottom has been formed on 4-hour chart, then further rise could be seen to 95.00 zone.

(more…)

Daily Forex Analysis – August 20, 2009

Thursday, August 20th, 2009

GBPUSD Analysis.
GBPUSD might be forming a short term cycle top at 1.6592 level on 4-hour chart. Moving lower to test 1.6275 key support is expected in a couple of days, a break below this level will confirm the cycle top and suggest that the downtrend from 1.7042 has resumed, then deeper decline could be seen to 1.6000 zone. Key resistance is located at 1.6663, only rise above this level will indicate that the fall from 1.7042 has completed at 1.6275 level already.

(more…)


Other finance sites

Forex Articles
Providing free forex articles and trading courses.