Forex technical overview

EUR-USD => Sideways market conditions prevail. Requires above 1.5730-1.5740 to promote itself higher, while trading below 1.5670 would shift preference lower.

AUD-USD => Strong buying potential remains while trading above 0.9220, requires over 0.9275-80 for gains to extend to 0.9310-20 later.

GBP-USD => Testing hourly down channel resistance at 1.9900, trading above calls for potential back to 1.9960-80 area, trading below 1.9850-60 calls for 1.9810-20.

Read entire post at Forex trading signals.

Forex Fundamental overview

Nothing much awaits for us in Forex today.

3:00pm USD Consumer Credit m/m => Low impact expected, unless some way odd data comes out.
5:30pm USD Fed Vice Chairman Kohn Speaks => Low Impact Expected
6:00pm NZD NZIER Business Confidence => High Impact Expected
9:30pm AUD NAB Business Confidence => Low Impact Expected

Happy Forex trading!

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Well, lets continue on useful videos I bookmarked some time ago.

Tech analysis video - excellent free video on Fibonacci retracement; another video on entries, exits and trailing stops and additional comments and video on 200 moving average for hourly charts. Real good educational video to improve own trading.

And then you’ve got so much video at the Trading Authority that it would take some time to review it all :)

All-in-all I think it should be a good start for the next trading week, where I wish you to take advantage of the market moves and show what the real trader you are.

Good luck everybody!
Trading Forex inspired

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