Recent content by mdtforex

MDT's Forex Forecast EUR/USD – Analysis provided via the FX-K10 Forex Trading Tool We will remain bearish below 1.2640, with a confirmation on break of 1.2509. We will target 1.2458, 1.2378, and 1.2276 on a break of 1.2509. GBP/JPY – Analysis provided via the FX-K10 Forex Trading Tool We...

EUR/JPY – Analysis provided via the FX-K10 Forex Trading Tool The pair continues to see choppy trading, and will likely see choppy trade in the 118.00 to 119.47 range. A move above 119.47 will put us in Buy mode, targeting 120.27, 121.60, and 123.20. A move below 118.00 will put us in Sell...

(Archive: Feb. 9. 2009 Forex Forecast) EUR/JPY – Analysis provided via the FX-K10 Forex Trading Tool Daily and weekly projections are pointing higher. We will remain in Buy mode above 117.36, targeting 118.14, 119.37, and 120.59. A move below 117.36 will put us in Sell mode, targeting 116.58...

EUR/USD – Analysis provided via the FX-K10 Forex Trading Tool The daily and weekly projections suggest continued selling. However, the 1.2779 level has proven to be solid support. A move higher can be anticipated from this level, targeting 1.2817, 1.2846, and 1.2874. A move below 1.2779 will...

EUR/USD – Analysis provided via the FX-K10 Forex Trading Tool HIGH VOLATILITY due to the ECB interest decision. The pair will see extremely volatile, choppy trading throughout the Feb. 5 trading session. We will use wait for a breakout of the weekly range of 1.2779 to 1.3062 before entering...

EUR/USD – Analysis provided via the FX-K10 Forex Trading Tool The pair closed near strong resistance in the 1.3048 to 1.3062 area and could possibly see a pullback from this level, testing the 1.2919 to 1.2962 area. Choppy trade can be expected between 1.2919 and 1.3062, so we will wait for a...

EUR/USD - Analysis via the FX-K10 Forex Trading Tool The pair is vulnerable to continued selling pressure below 1.2962. Any upside movement could possibly be capped in the 1.2870 to 1.2925 area, providing a nice entry point to initiate a new short position. A break below 1.2774 will confirm...

EUR/USD - Analysis via the FX-K10 Forex Trading Tool We will remain bearish below 1.3066, with a break below 1.2943 confirming our bearish sentiment. The pair can possibly find short term support in the 1.2865 to 1.2877 area. We will look to buy on a move above 1.3065, targeting 1.3110 and...

EUR/USD - Analysis via the FX-K10 Forex Trading Tool We are bearish below 1.3293. The pair can possibly work higher to test the 1.3197 and 1.3245 level before continuing it's move lower. A break below 1.3132 will confirm the bearish tone. We will target 1.3068, 1.2972, and 1.2877. AUD/USD...

January 27 Forex Forecast EUR/USD Once again, anticipate choppy trade in the 1.2954 to 1.3060 area. The pair is vulnerable to continued selling pressure, with any upside movement likely being capped in the 1.3060 to 1.3085 area. Our bearish sentiment will be confirmed on a move below 1.2954...

January 26 Forex Forecast EUR/USD The pair has found short term support around 1.2880, but is vulnerable to continued selling pressure on a break below. We will remain bearish below 1.3012, looking to sell rallies up to that level. Target 1.2826, 1.2708, 1.2661, and 1.2558 on a break below...

EUR/USD Once again, anticipate choppy trade in the 1.2954 to 1.3060 area. The pair is vulnerable to continued selling pressure, with any upside movement likely being capped in the 1.3060 to 1.3085 area. Our bearish sentiment will be confirmed on a move below 1.2954. Target 1.2912, 1.2823...

EUR/USD Once again, anticipate choppy trade in the 1.2954 to 1.3060 area. The pair is vulnerable to continued selling pressure, with any upside movement likely being capped in the 1.3060 to 1.3085 area. Our bearish sentiment will be confirmed on a move below 1.2954. Target 1.2912, 1.2823...