Forexpros.com Daily Analysis – 24/11/2010
ForexPros Daily Analysis November 24, 2010 Forex Trend Analysis The trend for EURUSD this week is DOWN and we will be looking for SHORT trading opportunity.
Month: November 2010
EURJPY Breaks Out
EURJPY After consolidating for the past 6 weeks, the EURJPY appears to finally be breaking out. The sideways movement formed a triangle, building up potential energy, while the direction remained unclear. Today’s decisive drop with extremely wide...
Euro Plunges on Concerns Irish Crisis Might Spread
After Ireland sought financial rescue on Sunday, expectations were that this should calm the tension in European markets, and should support the euro. However, this has merely revived concerns that other European nations, especially Spain and Portugal,...
AUD/USD Outlook
Hello. What a long weekend. Leonard Lewis and I had a great presentation at the International Trader’s Expo for C2FX Forex Trade Sheet. For those of you that were attendance, thanks for stopping by.
EUR/USD Technical Outlook by AceTrader
EUR/USD – 1.3387.. The single currency was under initial pressure in Asia y’day on concern over eurozone debt contagion,
Daily FX Market Outlook-24-11-2010 by AceTrader
Market Review – 23/11/2010 23:07 GMT Euro tumbles on N.Korea and debt worries The single currency fell sharply across the board on Tuesday as the news of exchange of shelling between North and South Korea prompted risk...
Ireland echoed, US economy improved.
Concerns about Ireland once again reverberated and knocked EUR index off. Sharp downward movement on the main pair was for the most part driven by an information issued by Moody’s, stating that Irish rating is, in all...
GBP/JPY Elliott wave count and Fibonacci levels, November 23, 2010
GBP/JPY has developed wave C (or 3) of daily degree 129.82-134.19, now corrective wave 4 is developing. At the moment the corrective wave has 3 subwaves – A-B-C (colored red in the chart). The targets of the...
An Eye on Europe
GBPJPY The GBPJPY continues to offer excellent trading opportunities within its well structured channels. Price has steadily risen in a price channel for the past month, offering several low risk trade entries. Traders should take note of...
Forex daily analysis
USD/JPY: Since this resistance is some kind of barrier for the pair, an opportunity to go “Short” might be created. NZD/USD:It is important to notice the pair is still uptrend oriented. The bullish envelope template, which is...