Forex Majors Analysis

[DonkeyEgg]

I hope to do some great analysis on the majors here, stay tuned.

[DonkeyEgg]

Price has now broken through down the 1.3160 level. I am expecting price to retrace back up towards the 1.3160 level to retest this, with a rejection and a subsequent test of 1.30

[DonkeyEgg]

EUR/USD is heading down towards the 1.31 level. It looks very bearish at the moment but the stochastics are telling us it is very oversold. Expect bearish price action but be aware that there could be a fast and sudden retracement, especially off the 1.30 level.

[DonkeyEgg]

I'm bullish EUR/USD at the moment. After that pinbar it just looks bullish. Pink area is on chart is target.

[DonkeyEgg]

I'm decidely bullish on the EUR/USD long term. I know all the focus is on Brussels and the new government in spain, but long term, it just isn't looking great for the USA. It's been said today that even more money QE3 could be printed in April!! This infographic says it all really, the U.S. is in deeper than they can get out (ZeroHedge, Forex). It's funny, I read an article today that highschool students in the USA are being taught about the US debt: Look what their parents have left them with...

The chart below is clear bullish bounce off the 1.31 support.

[DonkeyEgg]

It looks like the EUR/USD has stalled at the fibo 38.2%. Looks like a new test of the lows is on the cards. I'm expecting this to break down into the 1.29's

[DonkeyEgg]

I'm short EUR/USD with a testing of the 1.3185 support. That will be my take profit.

[DonkeyEgg]

I actually can't believe it. The 1.20 floor has been tested on the EURCHF. A retest of 1.20 on the books maybe?

[DonkeyEgg]

1.3150 seems to be the resistence level which needs to be broken in the EUR/USD. Until that level is broken and closed above on the daily, I'm still bearish with an expected retest of 1.30.

What do you think?

[DonkeyEgg]

This is a perfect time for a long in my opinion on the eur.chf. I think the risk reward is stunning.

What do you think?

[DonkeyEgg]

I think the 1.60 level is going to be the magnet, and price is going to be the iron filings. What do you think!? :p

[DonkeyEgg]

Wonderful ladies and gentlemen of Collective Investments! I've stumbled across another golden infographic, but this one is on the UK Debt, over at GDD Financial.

In markets, it looks like the EUR could be hitting a high, ready for another down-leg.

[DonkeyEgg]

Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.

[DonkeyEgg]

I'm looking for another testing of 1.60 in the cable. Any opinions on this?

[DonkeyEgg]

I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source:

http://www.fxfatcat.com

). Target 1.31, that's mine anyway.

[ali200]

I am newbie in forex and i want to know how I can trade with charts in forex? Plz tell me about charts and their importance in forex.

http://www.forex-metal.com/affiliate/46199/2

[andecolink]

What are the most common currencies used in the Forex market? Here is the answer...

[plumgallmann]

The beginner's guide to forex trading. Home · School ..... with bling-bling. You can do this relative strength analysis on any of the major pairs.

[jodilynnhjy]

The currency pairs listed below are considered the "majors". These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.