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FX Video analysis 21st September 2011. The charting software being used is Metastock Pro11 & the strategy setup taught by Serene Education Ltd

EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.

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During the early part of last week, the theme was buy risk and sell euros. Risk appetite was given a strong boost by the global manufacturing data from China to United Kingdom to the U.S.. While Euro-selling persisted, risk markets failed to Extend Rally even with a very solid Employment Report from

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EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.

View full post on Action Forex (ALL)

EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.

View full post on Action Forex (ALL)

EUR / USD ‘s decline Continued last week and reached as low as the first 2697th Initial bias remains on the downside this week for 100% projection of the first 4939 to 1. 3145 from the first 4246 at the first 2452 next. On the upside, above the first 2814 Will Turner bias neutral and bring consolidation. But Recovery Should be limited Below the first 3076 resistance and bring resumption cases.

View full post on Action Forex (ALL)

Over the past few months USD / CAD hock made one head fake after another, however it Appears the 3 + month Consolidation May Be Coming to an end over the next few days / weeks. There HAS been a tug-of-war between bulls and bears as the European Sovereign Debt Crisis Continues to REMAIN in

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GBP / USD broke a week-long bullish channel on January 5th The pair saw a steep decline and hadeeth consolidated into a bear flag pattern Which is best seen on the hourly candlestick charts. The hourly RSI indicator remains in a downward trend as seen in the Chart Below. FOLLOWING the U.S.

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