Forex | Forex Currency Trading | Forex Strategy System Posted By : Maco
The Foreign exchange market is commonly known as the Forex market, it is the principal financial market in the world. Forex currency trading market is existing almost everywhere in the world where currencies are traded for one another. For more information about forex trading strategy, forex currency trading, forex, forex alerts, forex signal, currency trading, forex trading signal, visit: www.connection2forex.com

Forex Trading : GBPUSD back in the 1992 to 2004 range

The GBPUSD has moved back into the belly of the 1992 to early 2004 trading range. The low of the range over that period comes in around the 1.4000 level and the high around 1.7400 (see chart above). The midpoint would be roughly around the 1.5700 level

The current price is hanging around the midpoint of the range. We may get some slowing of the decline as a result. On the hourly chart a move toward the 100 hour moving average can be ruled. That average currently comes in at 1.6065 (moves down around 8-9 pips an hour)

Forex Trading: Yen Crosses Holding Below the 23.6% Retracement for Another Session

Reviewing yesterday’s Yen retracement analysis , we see the 23.6% retracement levels have continued to hold as resistance on CAD/JPY pair, the CHF/JPY pair and the EUR/JPY pair. A technical move either through the lows or north above the 23.6% can provide some volatile short-term price action, as currencies around the world are searching for an equilibrium among this unprecedented volatility. Please see yesterday’s blog (link provided above) for the details associated with this analysis.

Forex Trading News: Japanese Retail Sales

The release of weaker than expected Large Retailers’ Sales has done nothing to effect the price of Yen as a flight to quality is still on investors minds. The survey for September predicted a decline of 2.7%, but the actual number came in at a negative 3.3% . The Retail Trade numbers were also weaker than expected at -.4% year over year and -.5% month over month.

Forex: Tokyo News

There is also a AUD NAB Quarterly business confidence number coming out at 8:30pm.

Forex Trading: EUR/USD Makes New Yearly Lows

In a relatively quiet Asian session, at least quiet by recent standards, the Euro has made new yearly lows against the USD, trading at the 1.2329 level. Reviewing a weekly retracement analysis from the November 2000 lows to the July 2008 high, we see the next two retracement targets become more of a reality. It is somewhat surprising the pair made new lows with Asian equity markets hovering around the unchanged mark and no significant Euro related news.

Forex Trading News: NAB Business Confidence

The NAB Business Confidence release for the 3rd quarter came in better than the prior quarterly reading at -7 vs. -8. Once again, as with the Japanese releases, it has had very little effect on the Aussie.

Currency Value - Forex Option - Currency Exchange Rate 012 Posted By : Eddie Shuttle
Forex Trading is the greatest home- business imaginable available at the moment, and mayhap even in record. Let me show you why. We just want to be patent about who this regulation is personality on paper for

Forex Trading Education - Forex Trading Account - Forex Trading 581 Posted By : Art Dash
Forex Trading is the greatest home-based business thinkable offered today, and mayhap even in memoir. Let me show you why. We just want to be obvious about who this item is self in print for

Learn Forex Trading - Forex Trading Contest - Forex Rebate 788 Posted By : Art Dash
System. Net. WebException: The operation has timed-out