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ForexPros Daily Analysis November 29, 2010
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
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Forex Trend Analysis
The EURUSD is bearish for this week and will look to move down.
Forex Technical Analysis
Daily Chart
The EURUSD has moved down quite alot for the last week and has now hit the Fibonacci 0.382 support level. At the same time, this level is in confluence with a major support level.
4 Hourly Chart
On this time frame, the EURUSD has reached the 1.272 Fibonacci extension level after retracing to 0.618 Fibonacci level.
Overall Forex Analysis
There may be some upward movement due to the confluence of support of 0.382 on the daily chart and 1.272 on the 4 hourly chart.
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Forex Trading analysis written by Kelvin Lee for Forexpros.
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New on Forexpros the Forex Brokers Directory!
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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.
Free webinar on ForexPros - How to trade during volatile markets
Expert: Nour Eldeen M. Al-Hammouri
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010, 11:00 ET
In this webinar we are going to give you some simple strategies and indicators which can help daily traders to profit from volatile markets. And we will talk about VIX chart and how it is an indicator for USDX bullish patterns
Click here to join free
---
Forex Trend Analysis
The EURUSD is bearish for this week and will look to move down.
Forex Technical Analysis
Daily Chart
The EURUSD has moved down quite alot for the last week and has now hit the Fibonacci 0.382 support level. At the same time, this level is in confluence with a major support level.
4 Hourly Chart
On this time frame, the EURUSD has reached the 1.272 Fibonacci extension level after retracing to 0.618 Fibonacci level.
Overall Forex Analysis
There may be some upward movement due to the confluence of support of 0.382 on the daily chart and 1.272 on the 4 hourly chart.
---
Forex Trading analysis written by Kelvin Lee for Forexpros.
---
New on Forexpros the Forex Brokers Directory!
---
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.
