Forex News Blog
Back to The Headlines
Tuesday November 9, 2010 - 11:12:43 GMT
Share This Story
Forexpros - www.forexpros.com
Forexpros Daily Analysis - 09/11/2010ForexPros
Daily Analysis November 09, 2010
Free webinar on ForexPros - Trading Forex
and Commodities in an Innovative Way!
Preregistered Users: 2 users
Start: Wed, Nov 17, 2010,
End: Wed, Nov 17, 2010, 11:00 EST
In this webinar Luca
will explain how to trade forex and commodities (gold, silver, brent) in an
innovative way using some indicators of 'technical analysis'.
webinar is very practical oriented, the goal is to enable the webinar users, to
start work immediately in the markets.
On this occasion, will be given
special attention to risk control, the only tool necessary to dominate the
here to join
Pulling Back to Next Long Setup. Yen Still in
Technically we are still in long setups. We are pulling
back to the next long, ready for the next leg. Hard to say otherwise until we
break below these levels.
Euro: The next extension long is at 1.3808. The
line in the sand is 1.3696. A move below here may indicate a larger pull back.
The target on the new long is 1.4503.
On the 15 min chart, we are in
measured moves short. The euro reacted off it short (third measured move) at
1.3901, with a target at 1.3821. We are below the daily pivot at 1.3963, which
may keep pressure on the shorts. At the moment S1 at 1.3842 is holding the
Pound: Hit its target on the daily chart and is now pulling back
into its next long setup. The next traditional long setup is at 1.5976, with
target at 1.646. Extension long is at 1.6, with 61.8% at 1.6053. If this breaks
it can indicate it will pullback to its traditional long at 1.5976.
15min chart, between short at 1.6163 and long at 1.6079. Daily Pivot at 1.615
may place downwards pressure. Need to breakout either way to confirm
Yen: Still in a short setup. Reacting off its next extension
short at 81.49, with a target at 79.56.
Forex Trading analysis
written by Diana Rochford for Forexpros.
New on Forexpros
Futures and Options on Futures and Cash Forex
substantial risk of loss and may not be suitable for
all investors. You
should carefully consider whether trading is suitable for
you in light of
your circumstances, knowledge, and financial resources. You
may lose all or
more of your initial investment. Opinions, market data, and
are subject to change at any time.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 17 July 2018
AA: Major, A: High, B: Medium
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
Request a TRIAL of Max's Forex Service.