Forexpros04
Forexpros Representative
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Forexpros.com Daily Analysis - July 28, 2009
Free, Live Forex Webinar Today!
Working With Indicators
Hosted by: Mark de la Paz
Date: Tue, Jul 28, 2009, 14:00 GMT
How often have you heard of a great indicator to boost your trading, tried it, and end up disappointed? The ‘Working With Indicators’ module from the Forex 101 lectures at FXinstructor examines general rules on when and when not to use the different kinds of indicators. Learn the core concepts on how indicators are designed and basic questions to ask when facing an indicator you are not familiar with.
Click HERE to register and watch for free!
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EUR/USD
The range continues.
Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.
Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100.
Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.
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USD/JPY
The pair did make a move higher yesterday above a prior swing high, and just fell short of the 95.40.
95.40-95.50 is a major resistance area. A break above indicates a swing higher. 96.00 and 96.40 are the targets (not necessarily today).
Support is at 94.90, 94.60 and 94.30. A sustained break back below of 94.60 would indicate short-term weakness.
Forex Analysis by: ForexPros- Written by Cory Mitchell
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.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
Free, Live Forex Webinar Today!
Working With Indicators
Hosted by: Mark de la Paz
Date: Tue, Jul 28, 2009, 14:00 GMT
How often have you heard of a great indicator to boost your trading, tried it, and end up disappointed? The ‘Working With Indicators’ module from the Forex 101 lectures at FXinstructor examines general rules on when and when not to use the different kinds of indicators. Learn the core concepts on how indicators are designed and basic questions to ask when facing an indicator you are not familiar with.
Click HERE to register and watch for free!
---
EUR/USD
The range continues.
Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.
Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100.
Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.
---
USD/JPY
The pair did make a move higher yesterday above a prior swing high, and just fell short of the 95.40.
95.40-95.50 is a major resistance area. A break above indicates a swing higher. 96.00 and 96.40 are the targets (not necessarily today).
Support is at 94.90, 94.60 and 94.30. A sustained break back below of 94.60 would indicate short-term weakness.
Forex Analysis by: ForexPros- Written by Cory Mitchell
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.
__________________
Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improved Technical Studies Section.
