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fxprocessor commented Aug 23, 2011To be honest I have no strong opinion regarding the Canadian economy that I would initiate trades from as I am first and foremost a price action trader. If price stays below 0.9918 and above 0.9828 we will have the third inside day in a row. Good ...
USD/CAD Pennant Pattern Forming
- Submitted Aug 23, 2011|From forex-fx-4x.com|4 comments
The Loonie currency pair is consolidating below parity after a rejection from 1.0009 on the 9/8/11. The corrective move lower has been short lived to date and a pennant pattern is now forming. There is also a double inside day/inside bar pattern ...
- Submitted Aug 18, 2011|From forex-fx-4x.com
USD/JPY is consolidating its losses above the 2011 lows and price action is distinctly “heavy” in appearance. The long-term down trend has potential to continue on a break of the 16/3/11 low of 76.12. The following analysis looks at nearby ...
- fxprocessor commented Aug 17, 2011
Price did consolidate at the 1.6470 area before moving higher today - as forecast in this instance with upside bias.
Key GBP/USD Resistance Ahead As Cable Rallies On Monday
- Submitted Aug 15, 2011|From forex-fx-4x.com|1 comment
GBP/USD is fast approaching the key 1.6475 – 1.6500 zone which has provided strong resistance on recent attempts to break higher. Analysis of recent cable price action follows below. 4 previous weekly candle-highs have their ultimate resistance in ...
- fxprocessor commented Aug 11, 2011
I agree that it's certainly logical to not expect a bounce off a minor support/resistance level if an intervention takes place. The intervention could create a strong "short term" trend and expecting a reversal would be trading countertrend. Support ...
Dollar Index Price Capped At Key 75.00 Resistance
- Submitted Aug 11, 2011|From forex-fx-4x.com|3 comments
The US Dollar index has retraced from the daily high of 75.05 and is currently consolidating at 74.74. The 75.00 level has confluence with the 50 % retrace from the 73.41 to 76.71 wave higher and a trend line retest as per the attached chart. The ...
- Submitted Aug 4, 2011|From forex-fx-4x.com
European Central Bank President Jean-Claude Trichet has today contributed to increased volatility as his inflation based commentary initially sent the Euro higher versus other major currencies; this was followed by a more dovish tone on the upside ...
- Submitted Aug 3, 2011|From forex-fx-4x.com
The pound rallied today as the services PMI came in higher than forecast at 55.4 points; this is higher than the expected 53.3 figure and out of step with the weak manufacturing PMI at the start of the week. The forthcoming BOE official rate and MPC ...
- Submitted Aug 2, 2011|From forex-fx-4x.com
The Australian dollar dropped during the Asian and European sessions – on the back of the negative outlook and dovish comments from the RBA. Price has now arrived at a major potential support area and is consolidating after proving to be the worst ...
- fxprocessor replied Jul 25, 2011
Bearish Gartley Pattern — Bearish Gartley Pattern 4 hour chart image
EURUSD
- fxprocessor replied Jun 21, 2011
Maybe this directional bias post will be of interest to you kanunsuz.
EURUSD
- fxprocessor replied Jun 21, 2011
Just trying to help here. Try to think in probabilities Kanunsuz. Dont say it WILL because we never know. Stack the odds in your favour and use correct money management. We never know where price will go. cheers fxp
EURUSD
- fxprocessor replied Jun 21, 2011
No rush to get involved. There will be better opportunities as the story unfolds.
EURUSD
- fxprocessor replied Jun 21, 2011
Bearish Gartley on EUR/USD. Not a good time to trade technicals though imo.
EURUSD
- fxprocessor replied Jun 19, 2011
1.6000 — 1.6000 is very significant level for cable. Let's see if price can reach the level and provide some kind of price action.
Cable Update (GBPUSD)
- Submitted May 30, 2011|From forex-fx-4x.com
One of the most difficult choices you will encounter while starting out as a forex trader is which forex broker to sign up with. The following list gives some ideas regarding generic factors which are worthy of consideration when choosing a forex ...