Posts Tagged by forexyard
How to find the best forex broker
| December 8, 2011 | Posted by admin under Forex Technicals, Intro to Trading |
This is a continuation of the introduction to Forex series. You can find more information/tutorials on forex trading on the Tutorials page. Not all brokers are created equal and I have been through my fair share of them in my trading career. When choosing a broker here a few things you will want to consider:…
Trading Accessible to Anyone! Will You Take Part?
| July 27, 2010 | Posted by admin under Intro to Trading |
You may not have heard of them yet, but professional traders have been using them as tools for years. Now they have gone mainstream which means almost anyone can trade and be a part of the markets which they didn’t think they had the capital to trade. CFDs or Contracts for Difference have revolutionized how people can…
EUR/USD – Approaching Short-Term Support
| July 6, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The pair has pulled off the Tuesday highs, and is currently heading for a test of support (prior resistance) at 1.2600. Further support comes in at 1.2560 and 1.2530. The short-term trend remains up but may be jeopardized by a move below 1.2500, especially the swing low at 1.2480 This could trigger selling into 1.2400 (prior resistance…
EUR/USD: Headed For Test of Dominant Trendline
| July 4, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
After taking some time off to enjoy some of the summer weather EUR/USD and stock market analyses will be more frequent again over the next couple weeks. Currently the EUR/USD is headed for a test of the dominant downward trendline just above 1.2800. This should provide some resistance. A move lower off that level indicates downward pressure…
EUR/USD: Retesting Resistance After Breaking Lower
| June 12, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD finally broke below the triangle, but did so after two false breakouts. The pair has moved higher after putting in lows below 1.1900. The week was closed out with the EUR/USD at 1.2110. The resistance comes in at 1.2150-1.2200. This is the former support level which created the triangle (see chart at bottom).…
EUR/USD – Stable, But Remains in Downtrend
| June 8, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD has stabilized this week around 1.19 – 1.20. Given recently volatility and continued unease in financial markets the pair is not likely to stay within this small range for long. False breakout may occur at 1.1900 and 1.2000 but these levels provide some indication of buying or selling interest. A move below 1.1900 confirmed by…
EUR/USD-False Downside Break Means Legit Upside Move?
| June 1, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Here is the outlook for Wednesday: On Tuesday the EUR/USD broke sharply below its prior (recent) low around 1.2140 to near 1.2100. The decline was warded off before then and an aggressive rally insued right into the upper short-term trend line (the triangle mentioned on the weekend). False breakouts are extremely powerful, and this one provided a…
EUR/USD – Stabilizing Amid a Mass of Trendlines
| May 30, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the EUR/USD has stabilized around prior lows, and amid several trendlines. At this time these trendlines all remain down – with the…
EUR/USD: Support holds…so far
| May 28, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The lows the EUR/USD put in last week were tested over the last couple days and have so far held off a further decline. Currently the pair sits just above 1.2300 which is a minor support level. Further support is at 1.2200 and 1.2150-1.2435. A break below the latter indicates another leg in the…
EUR/USD: Drop then rally, then…
| May 26, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Tuesday saw the drop below 1.2300 which was the level to watch yesterday. Support at 1.2230 was broken, but the market was unable to reach 1.2150 before rallying aggressively. The pair has now come off the highs but still trades at 1.2328 at the time of this writing. Some support is likely to come in at…
Euro Moves Lower Once Again
| May 24, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
On Monday the Euro sold off once again, approaching the 1.2300 level. A breach of that level would nullify any bullishness on the short term. The short-term upward trendline has already been broken. Intermediate and long term trends remain down. A drop below 1.2300 has support at 1.2230 and 1.2150. A drop below the latter…
EUR/USD: Passed Above Trigger Point
| May 17, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
In my weekend newsletter I laid out some reasons why I am not really on the bear train for the EUR anymore. Make no mistake I am with the trend as long as it is there, but I am more so watching for a reversal at this point. The drop below 1.2330 is a “pivot…
EUR/USD – Finally Leveling Off???
| May 13, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The Euro continues to be under pressure with the trend on most time frames to the downside, yet, Wednesday did see a bit of stabilization. While the daily range was still larger than what we were seeing a month ago, it was less than what we have seen in the last couple weeks. Sitting in…
Downward Euro Pressure Continues
| May 11, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Pressure continues to be seen in the Euro as it trades near its low of the day at 1.2630. Resistance comes in just above 1.2660 and then again at 1.2685 and 1.2750. Needless to say volatility has greatly increased therefore some additional levels to watch on the upside include 1.2800 and 1.2880. The downtrend is…
Downside Target at 1.3000 on EUR/USD HIT
| May 4, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The pair had a drastic sell off Tuesday, along with equity markets taking a tumble. The decline ultimately took the Euro below 1.3000, currently trading at 1.2964. This move took out multiple short and longer term downtrend targets. With the steady decline resistance is really all the way up to the more crucial 1.3150 level.…
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