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']}" ); } May « 2012 « Forex Market Analysis

Sponsors

Archive for May, 2012

Daily Forex Analysis – May 21, 2012

Monday, May 21st, 2012

EURUSD Analysis.
Being contained by 1.2624 (Jan 13 low) support, EURUSD rebounds from 1.2642 and breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2642. Range trading between 1.2642 and 1.2900 would likely be seen in a couple of days. Another fall to re-test 1.2624 previous low support could be expected, a breakdown below this level will signal resumption of the long term downtrend from 1.4938 (May 4, 2011 high).

(more…)

Daily Forex Analysis – May 18, 2012

Friday, May 18th, 2012

USDJPY Analysis.
After consolidation, USDJPY breaks below 79.43 previous low support, and continues its downward movement from 84.17 (Mar 15 high). Further decline could be expected over the next several days, and next target would be at 78.00 area. Resistance is at 79.70, only break above this level could indicate that lengthier consolidation of the downtrend is underway, then another rise to test 80.61 resistance could be seen.

(more…)

14 Elliott Wave Trading Insights You Can Use Now

Thursday, May 17th, 2012

By Elliott Wave International

There’s no shortage of books about trading these days, and you could read for months before you come across one that might apply to your trading style.

(more…)

Daily Forex Analysis – May 17, 2012

Thursday, May 17th, 2012

EURUSD Analysis.
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2681. Another fall to test 1.2624 (Jan 13 low) support could be seen after a minor consolidation. Key resistance remains at the downtrend line, only a clear break above the trend line resistance could signal completion of the downtrend.

(more…)

Daily Forex Analysis – May 16, 2012

Wednesday, May 16th, 2012

EURUSD Analysis.
EURUSD’s downward movement from 1.3283 extends to as low as 1.2722. Further decline could be seen after a minor consolidation, and next target would  be at 1.2650 area. Resistance is at 1.2800, followed by the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

(more…)

Daily Forex Analysis – May 15, 2012

Tuesday, May 15th, 2012

USDJPY Analysis.
After touching the upper line of the price channel on 4-hour chart, USDJPY pulls back from 80.18. The fall could possibly be resumption of the downtrend from 84.17 (Mar 15 high), further decline towards 78.00 would likely be seen over the next several days. Resistance remains at the upper line of the channel, only a clear break above the channel resistance could signal completion of the downtrend.

(more…)

Daily Forex Analysis – May 14, 2012

Monday, May 14th, 2012

USDJPY Analysis.
USDJPY is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will signal completion of the downtrend from 84.17 (Mar 15 high), then further rise to 83.00 area could be seen. On the downside, the downtrend could be expected to resume after touching the channel resistance, and as long as the channel resistance holds, one more fall to 78.00 area to complete the downward movement is still possible.

(more…)

Daily Forex Analysis – May 11, 2012

Friday, May 11th, 2012

GBPUSD Analysis.
GBPUSD breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise is still possible later today, and the target would be at 1.6230 area. However, the rise is likely correction of the downtrend from 1.6301, another fall is still possible and next target would be at 1.6000 area. Key resistance is at 1.6301, only break above this level could trigger another rise towards 1.6500.

(more…)

Daily Forex Analysis – May 10, 2012

Thursday, May 10th, 2012

USDJPY Analysis.
USDJPY breaks below 79.63 previous low and reaches as low as 79.43, suggesting that a downtrend from 84.17 has resumed. Further decline could be expected in a couple of days, and next target would be at 79.00 area. Key resistance remains at the upper line of the price channel on 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.

(more…)

Daily Forex Analysis – May 9, 2012

Wednesday, May 9th, 2012

USDJPY Analysis.
USDJPY moves sideways in a narrow range between 79.63 and 80.61. Resistance remains at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 79.00 is possible after consolidation. On the other side, a clear break above the upper border of the channel will indicate that the downward movement from 84.17 has completed at 79.63 already, then the following upward movement could bring price to 83.00 zone.

(more…)


Other finance sites

Forex Articles
Providing free forex articles and trading courses.