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Forex Video Forecast : USDJPY September 3

Posted 09-03-2009 at 12:08 AM by ForexActiveTraders (Forex Active Trader : Real Trades BEFORE the Market Moves)
The USDJPY is coming close to a double bottom on the daily chart. For that reason we are not interested in shorting it. We would like to see what price does down at that level. If that level holds we will be buyers and if price closes below the low of the double bottom on a 60 minute chart then we will be looking for a sell. There are two other trade setups that we are looking to develop. Please take a few minutes to watch the video presentation of what trade setups we are looking for.

http://www.youtube.com/watch?v=YGW6x9WLihU

Good Hunting,

Seth Gregory
www.fxdailytrades.com
www.forexactivetrader.com
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DAILY FORECAST FOR USDJPY

Posted 09-02-2009 at 11:00 PM by FX-Forecaster.com (The Daily Forecaster)
Bias: Cautiously we should see a reversal higher today

Losses have developed in line with expectations albeit a lot more erratic than I would have liked. I can't even rule out that we've seen the low this morning at 91.94. A break above 92.20-27 should confirm a return to the
92.95-05 area. However, probably that's all we'll see today whether it comes directly or from the favored 91.56-74 support. Above 93.05 would then target the 93.43-80 area and above there is resistance at around 94.24-34.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading...
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Attached Files
File Type: pdf The Brief Daily Forecaster.pdf (23.1 KB, 29 views)
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AUDUSD rebounded from 0.8239 level

Posted 09-02-2009 at 10:06 PM by ForexCycle.com (Free Forex Market Analysis)
Being supported by 0.8238, AUDUSD rebounded from 0.8239 level. Consolidation in a range between 0.8238 and 0.8400 would more likely be seen in a couple of days. As long as 0.8477 level holds, another fall to test 0.8155 support is expected after consolidation, a break below this level will suggest that the uptrend from 0.7703 has completed at 0.8477 level already, then the following downtrend will take price back to 0.7900 zone. Key resistance is at 0.8477, above this level will indicate that the uptrend from 0.7703 has resumed, then next target would be at 0.8600-0.8700 area.



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Ask the Pros : Tell us what you want to know

Posted 09-02-2009 at 10:04 PM by ForexActiveTraders (Forex Active Trader : Real Trades BEFORE the Market Moves)
We are working on creating a library of 100s of hours of trading videos to help educate you for free. It would be great to hae as many suggestions as possible to give you what you want.

Please click on the following link and tell us the topic(s) you would like to have information on.

Ask the Pros : What Forex Education would you like to see presented :: Forex Daily Trades

We look forward to hearing from you,

Seth Gregory
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