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Wednesday December 1, 2010 - 09:54:45 GMT
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Forexpros Daily Analysis - 01/12/2010
ForexPros Daily Analysis
December 01, 2010
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Using Fibonacci ratios to manage your trades efficiently
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On daily, has
continued to break lows on over extended moves. Next major support areas are
previous highs at 1.2916 and lows at 1.2588.
On the 15min chart, still in
a series of measured moves short, with 50% short at 1.3052 having a reaction.
Daily pivot at 1.30332 may help hold market down. Line in sand at
On daily, pound has continued to hit new
daily lows and has reached a major support (previous highs) area at
On 15min chart, still in extension short, with 50% at 1.56042,
with target at 1.54257. Line in sand is at 1.56328.
On daily, Yen is puling back after hitting daily targets. Extension long
at 50% at 83.206, may serve as the next bounce point, with a target at
Forex Trading analysis written by Diana Rochford for
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Trading Ideas for 11 December 2017
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Amazing Trader EVENT RISK Calendar:
Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
- POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI
- POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
- POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
- POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
- POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision
- POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
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