1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forexpros Daily Analysis - 25/01/2011

Discussion in 'Market Predictions and Reports' started by Forexpros2, Jan 25, 2011.

  1. Forexpros2

    Forexpros2 Recruit

    Oct 12, 2009
    Likes Received:
    ForexPros Daily Analysis January 25, 2011

    Free webinar on ForexPros - Technical Analysis:Elliot Wave Basics

    Expert: Mark Dela Paz

    Start: Wed, Feb 2, 2011, 10:00 ET
    End: Wed, Feb 2, 2011, 11:00 ET

    Before mathematicians started applying a chaos theory to financial markets, technical analysts have been using fractal geometry to identify, classify, and anticipate financial markets. Learn and explore Elliot Wave Theory and how it can be used for assesing market conditions.

    Click here to join free


    Euro Dollar:

    On the daily, the euro is in measured moves long, from 50% at 1.36148, with a target at 1.3726.
    The euro has been in measured moves long from January 10.

    On the 15 min chart,we can see the euro in long measured moves.


    On the daily, the pound is in a long setup from 1.59688, with a target at 1.60409. The target from the greater long at 1.58609, is 1.61505.

    On the 15 min chart, we can see the pound in measured moves long, with the 50% at 1.59674 backed by the daily pivot at 1.59733. If this fails at 1.59561, we can expect the pound to go back to its next 50% long at 1.5926.


    On the daily, the 61.8 is acting as support but the yen is in measured moves short. A definitive break of the 61.8% line at 82.336 would be a strong confirmation of the short. Yen is between two broken setups of a long and short but within a greater short. Previous April 1995 support though holding up market.


    Forex Trading analysis written by Diana Rochford for Forexpros.


    New on Forexpros the Forex Brokers Directory!


    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.

Share This Page