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Archive for September, 2012

Daily Forex Analysis – September 28, 2012

Friday, September 28th, 2012

USDCHF Analysis.
USDCHF may be forming a cycle top at 0.9417 on 4-hour chart. Key support is now at 0.9325, a breakdown below this level will indicate that the rise from 0.9239 has completed, and the longer term downtrend from 0.9971 (Jul 24 high) has resumed, then further decline towards 0.9000 could be seen. On the other side, as long as 0.9325 support holds, the pair remains in short term uptrend from 0.9239, one more rise to 0.9500 area is still possible.

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The Importance of Patience and Persistence in Your Trading

Thursday, September 27th, 2012

By Elliott Wave International

Enjoy this video clip from Elliott Wave International Senior Analyst Jeffrey Kennedy, as he combines actionable advice that’s easy to understand with a no-nonsense take on trading psychology.

You can get immediate access to additional trading lessons like this one each day when you register for EWI’s Trader Education Week FREE >>

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Daily Forex Analysis – September 27, 2012

Thursday, September 27th, 2012

USDCHF Analysis.
USDCHF continues its upward movement from 0.9239, and the rise extends to as high as 0.9417. Further rise is still possible, and next target would be at 0.9500 area. However, the rise is treated as consolidation of the downtrend from 0.9971 (Jul 24 high), as long as 0.9500 level holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible, only break above 0.9500 could signal completion of the downtrend.

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A Two-Bar Pattern that Points to Trade Setups

Wednesday, September 26th, 2012

By Elliott Wave International

Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to see a movie. And some people who are passionate about their work — such as Elliott Wave International’s (EWI) analyst Jeffrey Kennedy — like to stare at hundreds of price charts on their computer screen to find patterns that point to trade setups. We used to worry for his health but not anymore, because he’s been doing it for years and he comes up with some amazing trading lessons. Enjoy this lesson on bar patterns from EWI analyst Jeffrey Kennedy.

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Announcing Trader Education Week — a Free Event to Help You Learn to Spot Trading Opportunities

Wednesday, September 26th, 2012

Announcing Trader Education Week — A FREE trading event that will teach you how to spot trading opportunities in your charts. Spend the next week getting free trading lessons that you can apply to your trading immediately — from one of the world’s foremost market technicians, Jeffrey Kennedy.

Register now for your FREE week of trading lessons and resources.

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Daily Forex Analysis – September 26, 2012

Wednesday, September 26th, 2012

GBPUSD Analysis.
GBPUSD continues its sideways movement in a range between 1.6163 and 1.6309. Initial support is at 1.6163, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 1.5490 (Aug 2 low), and another rise towards 1.6500 is still possible. However, a breakdown below 1.6163 support will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to 1.6050 area to complete the consolidation could be seen.

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Daily Forex Analysis – September 25, 2012

Tuesday, September 25th, 2012

GBPUSD Analysis.
GBPUSD moves sideways in a range between 1.6163 and 1.6309. The price action in the range is likely consolidation of the uptrend from 1.5490 (Aug 2 low). Support is at 1.6163, as long as this level holds, another rise towards 1.6500 could be expected after consolidation, and a break above 1.6309 could signal resumption of the uptrend. On the downside, a breakdown below 1.6163 will indicate that lengthier consolidation of the uptrend is underway, then the pair will find support around 1.6050 area.

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Daily Forex Analysis – September 24, 2012

Monday, September 24th, 2012

GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5490, the price action from 1.6272 is treated as consolidation of the uptrend. Support is now at 1.6163, as long as this level holds, the uptrend could be expected to resume, and a break above 1.6309 could trigger another rise towards 1.6500. On the downside, a breakdown below 1.6163 will suggest that lengthier consolidation of the uptrend is underway, then deeper decline to 1.6050 area could be seen.

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Announcing Trader Education Week — a Free Event to Help You Learn to Spot Trading Opportunities

Saturday, September 22nd, 2012

Announcing Trader Education Week — A FREE trading event that will teach you how to spot trading opportunities in your charts. Spend the next week getting free trading lessons that you can apply to your trading immediately — from one of the world’s foremost market technicians, Jeffrey Kennedy.

Register now for your FREE week of trading lessons and resources.

(more…)

Daily Forex Analysis – September 21, 2012

Friday, September 21st, 2012

GBPUSD Analysis.
GBPUSD remains in uptrend from 1.5753, the fall from 1.6272 is treated as consolidation of the uptrend. Range trading between 1.6100 and 1.6272 would likely be seen in a couple of days. Support is at 1.6100, as long as this level holds, we’d expect uptrend to resume, and another rise towards 1.6500 is still possible after consolidation. Resistance is at 1.6272, a break above this level could signal resumption of the uptrend.

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