Forexpros.com Daily Analysis - 27/07/2009

by ForexAnalysis Mon Jul 27, 2009 2:38 pm

Forexpros.com Daily Analysis - July 27, 2009

[You must be registered and logged in to see this link.]

Working With Indicators
Hosted by: Mark de la Paz
Date: Tue, Jul 28, 2009, 14:00 GMT

How often have you heard of a great indicator to boost your trading, tried it, and end up disappointed? The ‘Working With Indicators’ module from the Forex 101 lectures at [You must be registered and logged in to see this link.] examines general rules on when and when not to use the different kinds of indicators. Learn the core concepts on how indicators are designed and basic questions to ask when facing an indicator you are not familiar with.

[You must be registered and logged in to see this link.]

---

[You must be registered and logged in to see this link.]- Range Breakout?

We are still in a range which started last Monday, and we have seen two false breakouts in that time.

A push above 1.4265 will likely test the highs in the 1.4290 area. A break of 1.4300 will signify an upswing with a target of 1.4460 (not necessarily today). Some intermittent resistance is likely in the 1.4350 area.

Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.

---

[You must be registered and logged in to see this link.] - Tightly Wound

The pair traded in a very tight range on Friday, which will likely result in a pop out of that tight range today. Since the range is so narrow (95.03-94.59=43 pips approx.) it is likely we will see a move on both sides of the range. In early trading this week, action has stayed within this tight range.

A break above 95.10 is likely to target 95.50. 95.70 is the resistance beyond.

A break below 94.55 will target 94.15. Support beyond this is at 93.85.

Analysis by: [You must be registered and logged in to see this link.] - Written by Cory Mitchell

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves 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 recommendations are subject to change at any time.

by olixlite Thu Jul 31, 2014 11:13 pm

Wait what has happened, it has been a while since you posted updates on here in the forum. What is holding you guys back, is it the lack of reply which I really do notice in most the news update post here. They are really helpful I must say.

Forexpros.com Daily Analysis - 27/07/2009

Forexpros.com Daily Analysis - 27/07/2009

Re: Forexpros.com Daily Analysis - 27/07/2009