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 « 2011 « Forex Market Analysis

Sponsors

Archive for August, 2011

Daily Forex Analysis – August 18, 2011

Thursday, August 18th, 2011

EURUSD Analysis.
Being contained by 1.4535 resistance, EURUSD pulled back from 1.4517, suggesting that a cycle top is being formed on 4-hour chart. Pullback to test 1.4325 key support would likely be seen later today, a breakdown below this level will confirm that cycle top, and indicate that the rise from 1.4055 has completed, then another fall towards 1.3900 could be seen to follow. On the upside, a break above 1.4535 resistance will signal resumption of the longer term uptrend from 1.3837, then next target would be at 1.4700-1.4800 area.

(more…)

Daily Forex Analysis – August 17, 2011

Wednesday, August 17th, 2011

USDJPY Analysis.
USDJPY traded in a narrow range between 76.29 and 77.19. Another fall to test 76.29 support is still possible, a breakdown below this level could signal resumption of the long term downtrend. Resistance is at 77.19, only break above this level will indicate that the downward move from 80.23 has completed at 76.30 already, then the following upward movement could bring price back to 79.00-79.50 area.

(more…)

Daily Forex Analysis – August 15, 2011

Monday, August 15th, 2011

USDJPY Analysis.
USDJPY moved sideways in a narrow range between 76.29 and 77.19. Key resistance is at 77.19, a break above this level will indicate that a cycle bottom has been formed at 76.30 on 4-hour chart, and the fall from 80.23 has completed, then further rally could be seen to 79.00-79.50 area. On the downside, a breakdown below 76.29 support will indicate that the long term downtrend has resumed, then next target would be at 73.00 area.

(more…)

Prechter Discusses Market Forecasts on CNBC Closing Bell

Friday, August 12th, 2011

"The problem is deeper than just a minor recovery or a minor recession."

Robert Prechter joins CNBC hosts Bill Griffeth and Maria Bartiromo on Closing Bell to talk about the still-unfolding forecasts presented in his New York Times bestseller Conquer the Crash.

We invite you to watch the interview below. Then download Robert Prechter’s free report that uses an 84-year study of stock market values to help you prepare for and understand today’s critical market juncture.

(more…)

Daily Forex Analysis – August 12, 2011

Friday, August 12th, 2011

USDJPY Analysis.
USDJPY is facing 76.29 support, a breakdown below this level could signal resumption of the long term downtrend. Initial resistance is at 77.19, a break above this level will indicate that a cycle bottom has been formed on 4-hour chart, then range trading between 76.29 and 80.23  could be seen.

(more…)

Download Bob Prechter’s Free Report on Market "Critical Juncture"

Thursday, August 11th, 2011

The Dow plummeted some 1800 points in the past weeks.

If the extreme market volatility has you confused and scared, studying history can help you put today’s market in perspective.

(more…)

Daily Forex Analysis – August 11, 2011

Thursday, August 11th, 2011

USDJPY Analysis.
Being contained by 76.29 previous low support, USDJPY rebounded from 76.35. Another fall to re-test 76.29 support is still possible later today, a breakdown below this level could signal resumption of the long term downtrend. Resistance is now located at 77.19, a break above this level will indicate that a cycle bottom has been formed on 4-hour chart, then lengthier consolidation in a range between 76.29 and 80.23  could be seen.

(more…)

Daily Forex Analysis – August 10, 2011

Wednesday, August 10th, 2011

USDJPY Analysis.
USDJPY continued its downward movement, and the fall extended to as low as 76.70. Further fall to test 76.29 previous low support could be seen later today, a breakdown below this level will indicate that the long term downtrend has resumed, then next target would be at 74.00 zone, however, rebound is possible before breaking below 76.29 support.

(more…)

Daily Forex Analysis – August 9, 2011

Tuesday, August 9th, 2011

GBPUSD Analysis.
GBPUSD moved sideways in a range between 1.6223 and 1.6475. Lengthier consolidation in the range is possible in a couple of days. As long as 1.6223 support holds, uptrend from 1.5781 could be expected to resume, and one more rise towards 1.6600 is still possible. On the downside, a breakdown below 1.6223 will indicate that the rise from 1.6781 has completed at 1.6475 already, then the following downward move could bring price back to 1.6000 area.

(more…)

Please don’t miss this…

Friday, August 5th, 2011

I just received a rare opportunity to offer you free U.S. market analysis from the world’s largest market forecasting firm. I strongly encourage you to consider this offer. Other than the fact that Elliott Wave International has fully-prepared their subscribers to take advantage of the recent free fall in US stocks, they never offer free trials to their services. Don’t miss this opportunity to find out what’s next for the US markets.

(more…)


Other finance sites

Forex Articles
Providing free forex articles and trading courses.