ForexPros Daily Analysis August 15, 2011
Free webinar on ForexPros - 7 golden rules for the novice trader
Expert: Bastian Rubben
Start: Mon, Aug 22, 2011, 13:00 GMT
End: Mon, Aug 22, 2011, 14:00 GMT
This webinar is about golden rules that every trader, beginner or experienced has to follow. We will go through basic trading systems; find out what is the appropriate leverage a trader should use, breaks down & up etc.
Likewise, we will discuss some of Sunbird's trades that were published by its chief analysts, which gained over than 300 pips.
Click here to join free
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Euro in Range, Pound In Next Short, Yen Flirting With Lows
Euro:
On the daily looks to be in a range between 1.44 and 1.405-1.4125. It has just broken the short it was in, going through the 61.8% line at 1.4294. We can expect it to go to the stop of the range. In the larger term, the euro is between a long at 1.39058 and a short at 1.43877.
Pound:
On the daily, the pound broke its range last week and is now testing its next short at 1.62914. The trend break/line in the sand is at 1.63345. The target for the short is at 1.60227.
Yen:
On the daily, the yen is flirting with all time lows and has bounced off its previous all time low at 76.294. Technically the yen is still in a short until 78.736.
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The Forex analysis is written by Diana Rochford for Forexpros the Forex and Stock Markets Portal.
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Also, Visit our S&P 500 Futures Page!
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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.
Free webinar on ForexPros - 7 golden rules for the novice trader
Expert: Bastian Rubben
Start: Mon, Aug 22, 2011, 13:00 GMT
End: Mon, Aug 22, 2011, 14:00 GMT
This webinar is about golden rules that every trader, beginner or experienced has to follow. We will go through basic trading systems; find out what is the appropriate leverage a trader should use, breaks down & up etc.
Likewise, we will discuss some of Sunbird's trades that were published by its chief analysts, which gained over than 300 pips.
Click here to join free
---
Euro in Range, Pound In Next Short, Yen Flirting With Lows
Euro:
On the daily looks to be in a range between 1.44 and 1.405-1.4125. It has just broken the short it was in, going through the 61.8% line at 1.4294. We can expect it to go to the stop of the range. In the larger term, the euro is between a long at 1.39058 and a short at 1.43877.
Pound:
On the daily, the pound broke its range last week and is now testing its next short at 1.62914. The trend break/line in the sand is at 1.63345. The target for the short is at 1.60227.
Yen:
On the daily, the yen is flirting with all time lows and has bounced off its previous all time low at 76.294. Technically the yen is still in a short until 78.736.
---
The Forex analysis is written by Diana Rochford for Forexpros the Forex and Stock Markets Portal.
---
Also, Visit our S&P 500 Futures Page!
---
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.