Forex Daily Outlook
September 8th, 2010
Hello Traders!
With the first few days out of the way, we still have a very unclear market. Despite our preference to see a weaker dollar, we are seeing growing signs of risk aversion and an increase in yen and dollar strength. This is unfavorable as we’ve been waiting to enter long dollar positions at better prices. With the increase in market uncertainty, only a break below certain levels should confirm this analysis. Just a few hours before London opens, we’re continuing to see a stronger Yen. We are set for a slew of economic releases over the next 72 hours, so expect volatility. Our technical analysis for the major currency pairs is provided in the video.
Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.
If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
Post Labor Day Update
September 7th, 2010
Hello Traders!
With the Labor Day holiday behind us, we’re now looking for volume to pick up. It may be a bit rocky at first, but we’re looking for direction so we can catch the next big wave. As most of you already know, we’re looking for short term dollar weakness over the next few weeks (possibly consolidation) and then for dollar strength into the end of the year. It’s also very possible that we’ll see dollar strength as soon as this week. We’d like to see a full day’s worth activity before getting into any big positions. As of now, the buck and the yen are both stronger and if the trend continues, we could see a rally over the next 24 hours. No video analysis today. Depending on price action, we may release a video before the London session begins. We just want to make sure the recent price action is backed by good volume.
Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.
If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
Forex Daily Outlook
September 6th, 2010
Happy Monday Traders!
A LOT OF ECONOMIC DATA to be released this week. With very little data from the US, other global economies will now be in the forefront and traders are looking for confirmation that we’ll see further risk appetite. This will be dictated by results from this week’s economic data. We would like to note that global economic data has been very inconsistent over the past few months. We think this will eventually catch up with the market and we will see the buck continue to strengthen on concerns that the economic woes that everyone thought have passed, will come back to haunt the markets.
Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.
If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
Forex Daily Outlook
September 3rd, 2010
Happy Friday Traders!
With Non-Farm Payrolls on deck, not much to say other than we expect consolidation and a quiet market ahead of the scheduled employment figures. We’ll have a more in depth market analysis during our FREE live trading session! Come join us! Please register using the button below.
Trading Session: Trading Non-Farm Payrolls September 3, 2010
When: Friday, September 3, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE
Sponsored by:
Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.
If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
Applying Elliott Wave Analysis to FOREX
September 2nd, 2010
We had a lot of requests from our members asking us about Elliott Wave analysis and how it can be applied to the FOREX market. We’re pleased to introduce to you, Lara of Elliott Wave Forex. The video above is an example of how Elliott Wave analysis is applied to the FOREX market. In this case, we’re looking at the EUR/USD pair. We use this analysis in conjunction with our own daily analysis. Our confidence increases when our analysis matches the Elliott Wave analysis done by Lara. More information can be found by clicking HERE.
