Forexpros Daily Analysis - 20/04/2011

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ForexPros Daily Analysis April 20, 2011


Free webinar on ForexPros - Fibonacci... Easy as ABCD

Expert: Andrei Knight

Start: Wed, Apr 27, 2011, 08:00 PST
End: Wed, Apr 27, 2011, 09:00 PST

Fibonacci need not be difficult! Learn a simple ABCD pattern, which can easily be used to trade news spikes, long-term positions lasting several months, and just about everything in between. Join leading fund manager and trading coach Andrei Knight for this exciting instructional webinar which will transform the way you look at charts and help you achieve better trading results.

Mr. Knight is the author of "Trading Forex for a Living" from Harriman House, as well as FXStreet's forth-coming DVD "Fibonacci: Unlocking the Market Code".


Click here to join free

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Good morning everyone. Yesterday the market ended up getting back into the trend in full motion. The US Dollar is expected to continue to weaken today with some retracements on the way. There are no hedged pairs today.

Currency Outlook

US Dollar : Weak

Short : USDCHF, USDCAD
Long : EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY

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Forex Trading analysis written by Navin Prithyani for Forexpros.

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New on Forexpros, the Forex Volatility Calculator!

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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.
 
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