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ForexPros Daily Analysis February 10, 2011
Today: Free webinar on ForexPros - Harmonic Patterns 101
Expert: Derek Frey
Start: Thu, Feb 10, 2011, 10:00
End: Thu, Feb 10, 2011, 11:00
Harmonic Patterns are a set of patterns that have been proven to be accurate better than 70% of the time across all markets and timeframes. Understanding and using these patterns dramatically shifts probability into your favor. This webinar will be a brief introduction to the patterns and their effectiveness. Derek will end the session by doing live analysis with his pattern recognition software that all participants of the webinar will have the opportunity to get a free copy of at the end.
Click here to join free
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Euro Dollar:
On the daily, the euro bounced off the next 50% at 1.35489, with a target at 1.40019.
The short setup has been broken. Previous lows at 1.343 is acting as resistance.
Pound:
On the daily, the pound is meeting support and bouncing off 50% 1.60494, with a target at 1.63855, in its next measured move long. The pound may find resistance at previous high at 1.62942.
Yen:
On the daily, the yen has bounced off the trend line and then off the 50% long at 81.778, with a target at 82.778. The short the yen is in will be broken at 82.694.
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Forex Trading analysis written by Diana Rochford for Forexpros.
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Get the most updated Forex News!
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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.
Today: Free webinar on ForexPros - Harmonic Patterns 101
Expert: Derek Frey
Start: Thu, Feb 10, 2011, 10:00
End: Thu, Feb 10, 2011, 11:00
Harmonic Patterns are a set of patterns that have been proven to be accurate better than 70% of the time across all markets and timeframes. Understanding and using these patterns dramatically shifts probability into your favor. This webinar will be a brief introduction to the patterns and their effectiveness. Derek will end the session by doing live analysis with his pattern recognition software that all participants of the webinar will have the opportunity to get a free copy of at the end.
Click here to join free
---
Euro Dollar:
On the daily, the euro bounced off the next 50% at 1.35489, with a target at 1.40019.
The short setup has been broken. Previous lows at 1.343 is acting as resistance.
Pound:
On the daily, the pound is meeting support and bouncing off 50% 1.60494, with a target at 1.63855, in its next measured move long. The pound may find resistance at previous high at 1.62942.
Yen:
On the daily, the yen has bounced off the trend line and then off the 50% long at 81.778, with a target at 82.778. The short the yen is in will be broken at 82.694.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
Get the most updated Forex News!
---
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.
