JDFN Financial Network

August 2010 Blog Posts (37)

Forex4you Technical Analysis 31/08/10

EUR/USD: Technical Analysis



Prices sank lower yesterday but there was a sharp bullish push on the hourly chart this morning. This may signal the next wave up, which is probably the C wave of a zig-zag pattern which is correcting the 5-wave move down from the Aug 6th highs.



C could end at significant resistance highs at 1.2920 and this is also the terminus of the wave 4 of lesser degree –a common endpoint for corrections. A more… Continue

Added by Forex4you on August 31, 2010 at 7:56am — No Comments

Forexpros.com Daily Analysis - 31/08/2010

ForexPros Daily Analysis August 31, 2010





Free webinar on ForexPros - How to Watch Price Reaction to News Releases to Determine a Currency Pair’s Sentiment/Direction

Expert: Chriss Hall

When: Thu, Sep 2, 2010, 07:00 ET



In Part 3 of a four part series on trading sentiment, Kris Matthews reveals how to use the power of economic…
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Added by forexpros on August 31, 2010 at 7:28am — No Comments

Forex4you Technical Analysis 30/08/10

EUR/USD: Technical Analysis



As long as the 1.2674 lows hold then prices should continue higher reaching 1.2920 eventually, if not 1.2950. At that level they will encounter a cluster of resistance from the 50% Fibonacci retracement, the broken trend-line of the move up from the June lows and they will probably reverse and resume their downtrend.…







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Added by Forex4you on August 30, 2010 at 7:14am — No Comments

Forexpros.com Daily Analysis - 30/08/2010

ForexPros Daily Analysis August 30, 2010





Free webinar on ForexPros - Trading the Harmonic Patterns LIVE

Expert: Chriss Hall

When: Thu, Aug 30, 2010, 08:00 ET



Chris will also be taking a live look at the markets where he will identify trades with you, help you setup your plan surrounding the harmonic patterns and execute any…
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Added by forexpros on August 30, 2010 at 6:26am — No Comments

Forex4you Technical Analysis 27/08/10

EUR/GBP: Technical Analysis



This pair may be in the process of tracing out an intermediate Elliot flat pattern. We are probably nearing the end of minor wave B which began on the 20th July. Initially there may be some more downside as B ends but once it has completed, wave C up should last several weeks and reach the 0.8450s possibly even 0.85s. An initial target might be resistance at 0.8340. With volatility readings reaching low extremes on ATR… Continue

Added by Forex4you on August 27, 2010 at 7:43am — No Comments

Forex4you Technical Analysis 26/08/10

EUR/USD: Technical Analysis





This pair is probably close to completing the recent correction and resuming is descent. It is possible that over the next day it will drop back down to either 1.2620, or the 1.2580 lows, possibly even as far as 1.2550 as minuette wave 5 unfolds. This last wave should complete the whole minor degree move down from the 6th August highs. It is probable the following correction of that whole move will reach at least… Continue

Added by Forex4you on August 26, 2010 at 7:30am — No Comments

Forexpros.com Daily Analysis - 26/08/2010

ForexPros Daily Analysis August 26, 2010





Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market

Expert: Kris Matthews

When: Thu, Aug 26, 2010, 07:00 ET



In Part 2 of a four part series on trading sentiment, Kris Matthews reveals

how to rank currencies individually from…
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Added by forexpros on August 26, 2010 at 6:42am — No Comments

Forexpros.com Daily Analysis - 25/08/2010

ForexPros Daily Analysis August 25, 2010





Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market

Expert: Kris Matthews

When: Thu, Aug 26, 2010, 07:00 ET



In Part 2 of a four part series on trading sentiment, Kris Matthews reveals

how to rank currencies individually from…
Continue

Added by forexpros on August 25, 2010 at 8:22am — No Comments

Forex4you Technical Analysis 25/08/10

EUR/USD: Technical Analysis



Pullback upwards, suggested by MASD divergence, is about to start, like it had been assumed yesterday. After support 1.2620 breakout, the price met level 1.2580/85, but didn’t make it to the target 1.2540, and resumed its upward movement. The trading is now carried on at 1.2690/1.2700. Indicators are more and more turned to R% growth, but SS remains oversold, smoothing over expectations concerning a possible price… Continue

Added by Forex4you on August 25, 2010 at 7:42am — No Comments

Forexpros.com Daily Analysis - 24/08/2010

ForexPros Daily Analysis August 24, 2010





Free webinar on ForexPros - How Measuring "Currency Strength" can Reveal the True Sentiment of the Market

Expert: Kris Matthews

When: Thu, Aug 26, 2010, 07:00 ET



In Part 2 of a four part series on trading sentiment, Kris Matthews reveals

how to rank currencies individually from…
Continue

Added by forexpros on August 24, 2010 at 8:09am — No Comments

Forex4you Technical Analysis 24/08/10

EUR/USD: Technical Analysis



The pair is descending, like it had been mentioned in the previous commentary, the price tested the first support 1.2620 and is now making attempts to breach it. Indicators’ readings are saying in favor of such turn of events, and level 1.2540 is going to be the next barrier on the way downwards and will probably be tested in the nearest time. At the same time, we also have to pay attention to MACD divergence, which is… Continue

Added by Forex4you on August 24, 2010 at 6:48am — No Comments

Forex4you Technical Analysis 23/08/10

EUR/USD: Technical Analysis



Support 1.2730 was breached and the price fixed below, which can be considered as an evidence for the “bearish” scenario to start. Having tested levels 1.2680/90, the trading is currently carried on at 1.2700/10. Indicators are more inclined to a “bearish trend”, making a further downward movement a high-possibility. Supports 1.2620/30 and 1.2540 are likely to be tested soon. A rise and fixation above 1.2820 are seen… Continue

Added by Forex4you on August 23, 2010 at 7:55am — No Comments

Forexpros.com Daily Analysis - 23/08/2010

ForexPros Daily Analysis August 23, 2010





Free webinar on ForexPros - Trend. How to spot it and how to trade it.

Support and resistance levels

Expert: Stoyan Mihaylov

When: Today, Aug 23, 2010, 11:00 GMT



It is a common belief, that "The trend is your friend". In order to profit

from the trend you have to be able to spot…
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Added by forexpros on August 23, 2010 at 6:13am — No Comments

Forex4you Technical Analysis 20/08/10

EUR/USD: Technical Analysis



A reversal in the pair doesn’t suggest any significant changes on today’s session either. Sideways rage consolidation is likely to continue. We can only expect levels 1.2870/90 and 1.2730/20 testing for strength, which are currently define the range. Previous comments are in force – a rise above 1.2870 and level 1.3010/20 testing are not enough to change the market moods. It will only be a possibility if the price… Continue

Added by Forex4you on August 20, 2010 at 7:42am — No Comments

Forexpros.com Daily Analysis - 19/08/2010

ForexPros Daily Analysis August 19, 2010





Free webinar on ForexPros - Trend. How to spot it and how to trade it.

Support and resistance levels

Expert: Stoyan Mihaylov

When: Mon, Aug 23, 2010, 11:00 GMT



It is a common belief, that "The trend is your friend". In order to profit

from the trend you have to be able to spot…
Continue

Added by forexpros on August 19, 2010 at 7:27am — No Comments

Forex4you Technical Analysis 18/08/10

EUR/USD: Technical Analysis



The trading is carried on in the range 1.2870/60 - 1.2730/10 and attempts to go beyond this range are not successful at the moment. The trading is currently making a new attempt to fix above 1.2870 and is carried on at 1.2880/85. Indicators show growth, so the price has chances to make it. If it happens, level 1.3010/20 will be tested, but again, as mentioned in the previous comment, we shouldn’t expect any change of… Continue

Added by Forex4you on August 18, 2010 at 8:16am — No Comments

Forexpros.com Daily Analysis - 18/08/2010

ForexPros Daily Analysis August 18, 2010





Free webinar on ForexPros - Trend. How to spot it and how to trade it.

Support and resistance levels

Expert: Stoyan Mihaylov

When: Mon, Aug 23, 2010, 11:00 GMT



It is a common belief, that "The trend is your friend". In order to profit

from the trend you have to be able to spot…
Continue

Added by forexpros on August 18, 2010 at 7:47am — No Comments

Forex4you Technical Analysis 17/08/10

EUR/USD: Technical Analysis



The pair remained in the range, limited by levels 1.2870/60 and 1.2730/10, as it had been mentioned earlier, but having breached this resistance it's now making attempts to fix above. Indicators show growth, so we can assume that these attempts will be successful. Nevertheless, even if it happens, the mood change is not likely to happen until the trading raises above resistance 1.3070-1.3110. A reversal to an uptrend… Continue

Added by Forex4you on August 17, 2010 at 8:16am — No Comments

Forexpros.com Daily Analysis - 17/08/2010

ForexPros Daily Analysis August 17, 2010





Free webinar on ForexPros - Let's do some simple Trend Trading

Expert: Kellie Durazo

When: Today, Aug 17, 2010, 10:00 EST



Why spend hours analyzing charts when you can learn a few simple trading

strategies that are effective and easy to learn. During this webinar, Kellie

Durazo…
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Added by forexpros on August 17, 2010 at 7:09am — No Comments

Forex4you Technical Analysis 16/08/10

EUR/USD: Technical Analysis



The euro’s recent decline appears to be bottoming out. The current rally may reach to around 1.2905 before rolling over, as it could be an Elliot wave 4 which would be expected to reach the terminus of the wave 4 of lesser degree, which is at 1.2910.







USD/JPY: Technical Analysis



As expected, the price reversed… Continue

Added by Forex4you on August 17, 2010 at 1:07am — No Comments

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