JDFN Financial Network

January 2013 Blog Posts (31)

Forex4you Technical Analysis 10 January 2013

EUR/USD: recovery possible

A recovery out the current consolidation is probable, with a move above the 1.3080 highs confirming and leading to a move back up to the cluster of pivots located at 1.3115, or even the support and resistance line at 1.3160. Alternatively a break below the 1.3040 lows could see a move down to the trend-line at 1.3010 or possibly the 50-day MA at 1.2975.…

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Added by Forex4you on January 10, 2013 at 6:11am — No Comments

Forex4you Technical Analysis 09 January 2013

EUR/USD: boxed in

The EUR/USD pair is consolidating in a narrow range today although the mid-term trend remains up. A break above the 1.3093 highs could lead to rally to a tight group of pivots at 1.3120, with a break above those levels necessary for a reassertion of the bull trend. A move below the 1.3055 lows could see a move down to the 1.3000 lows, whilst a major trend-line provides support at around 1.2970.…

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Added by Forex4you on January 9, 2013 at 5:19am — No Comments

Forex4you Technical Analysis 08 January 2013

EUR/USD: sideways day

The short-term trend is still up after the recent break of the neckline of an inverted head and shoulders and more upside is probable eventually. Today's action, however, is sideways and could continue oscillating. A move above 1.3140 would signal a continuation up to 1.3245, whilst a move below 1.3100 could see a break back down to 1.3050.…

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Added by Forex4you on January 8, 2013 at 7:22am — No Comments

Trillion Dollar Pay Day Loan

Trillion Dollar Pay Day Loan

payday_loans

Referring to the constant rumors of a Portuguese bailout last year in Europe, Jean-Claude Juncker, the prime minister of Luxembourg, said “When it becomes serious, you have to lie.” 

For weeks the Eurozone ministers lied to the public about the behind-the-scenes bailout that they were working on.  But here in the US the politicians aren’t lying about the next “crisis” and what to do about it, which is the debt…

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Added by Larry Levin on January 7, 2013 at 10:37pm — No Comments

Forex4you Technical Analysis 07 January 2013

EUR/USD: moving lower

Eurodollar has renewed its down-trend after touching resistance from an old trend-line. It will probably fall further, reaching perhaps down to recent 1.3000 lows and probably even to where the 50-day MA and a major trend-line are situated at 1.2960. Alternatively, a break above the 1.3060s would be necessary for an up-trend to develop, later targeting resistance at 1.3100.…

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Added by Forex4you on January 7, 2013 at 6:54am — No Comments

Secret Trading Tip #18

Secret Trading Tip #18

Using the Doji

On a candlestick chart, there is a pattern that technicians refer to as a doji. A doji has top and bottom shadows like a regular candlestick, but has practically no real body. This happens when the opening and closing price are the same, or so close that they just leave a sliver of a real body. A doji looks like a plus sign or cross.

Finding a Doji can tell a technical analyst key things about a market trend

Doji…

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Added by Larry Levin on January 7, 2013 at 12:18am — No Comments

Forex4you Technical Analysis 04 January 2013

EUR/USD: downtrend continuing

The exchange rate has broken out the price pattern at the highs and reached its downside target at 1.3015. There are, however, no signs yet of the down-trend slowing and so it could continue to the next level of support at 1.2960, where the 50-day MA is situated. Alternatively, a sideways consolidation may unfold, followed by a bounce perhaps, with a decisive break above 1.3050 then targeting 1.3115.…

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Added by Forex4you on January 4, 2013 at 6:08am — No Comments

Forex4you Technical Analysis 03 January 2013

EUR/USD: possible breakdown

There has been a break down out of the price pattern at the highs and whilst the pair has recovered, it is probable a trend reversal down may be happening. The monthly pivot at 1.3115 underpins support and would have to be decisively breached to give a stronger bearish signal, with a target first at 1.3080, and then 1.3015. Alternatively it would require a break back above 1.3195 to re-establish a bull trend with the range highs at 1.3300…

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Added by Forex4you on January 3, 2013 at 7:16am — No Comments

Inner Circle-going, going, GONE!

                                                 …

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Added by JDfn Administrator on January 2, 2013 at 11:00am — No Comments

Forex4you Technical Analysis 02 Jan 2013

EUR/USD: At range highs

The EUR/USD has risen strongly to the range highs and the weekly pivot. There is the possibility, either of a break higher, with a decisive break above 1.3300 leading to to a move up to the monthly pivot at 1.3355 and then 1.3400. Alternatively, it could continue consolidating and move back down into the range, targeting 1.3220 support initially and then range lows perhaps at 1.3180.…

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Added by Forex4you on January 2, 2013 at 6:37am — No Comments

Slam

Slam

smashed-car

At the end of my last newsletter I said, “In the end, the markets recouped all of their losses thereby giving the microcephalic clown-posse in D.C. another reason to argue like children rather than working on their sickening spending problem.”

At the close of Friday’s market a friend of mine asked “Why would the market fall so hard and so quickly?”  This question reminded me of the Thursday rally into the close and the aforementioned quote,…

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Added by Larry Levin on January 1, 2013 at 9:14pm — No Comments

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