Forexpros04
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Free, Live Forex Webinar This Week!
Live Trading of FX Markets
Hosted by Markus Heitkoetter of Rockwell Trading
Thursday, July 9, 2009, 16:00 GMT
In this webinar, Markus Heitkoetter will demonstrate a simple yet powerful trading strategy for FX markets. This strategy uses two simple indicators that are available in almost any charting software. Markus doesn't believe in "magic" indicators. He will show you exactly how to set up your charting software that YOU can use this strategy in your own trading. During this presentation Markus will analyze live charts and will take a live trading position if the set up arrives during the event.
Click HERE to register and watch for free!
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EUR/USD for July 7
Push above 1.3990 would be an early signal of bullishness. A move above 1.4000 would confirm. Resistance is at 1.4020, 1.4040 and 1.4100
A drop below 1.3940 indicates weakness and a test of the recent lows near 1.3880 would come into play. Support is also just above this at 1.3900.
USD/JPY Bias Up
Strong finish yesterday put the pair in a bullish spot, yet it still has to climb above a resistance area around 95.40. If it can, resistance is beyond at 95.60, 95.80 and 96.10.
Failure to really push above 95.40 will likely encounter some minor support at 95.10, 94.90 and 94.70 as the pair pulls back. A drop below that level is unlikely but support beyond is 94.45.
Analysis by: http://www.ForexPros.com - Written by Cory Mitchell
Disclaimers:
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.
Live Trading of FX Markets
Hosted by Markus Heitkoetter of Rockwell Trading
Thursday, July 9, 2009, 16:00 GMT
In this webinar, Markus Heitkoetter will demonstrate a simple yet powerful trading strategy for FX markets. This strategy uses two simple indicators that are available in almost any charting software. Markus doesn't believe in "magic" indicators. He will show you exactly how to set up your charting software that YOU can use this strategy in your own trading. During this presentation Markus will analyze live charts and will take a live trading position if the set up arrives during the event.
Click HERE to register and watch for free!
---
EUR/USD for July 7
Push above 1.3990 would be an early signal of bullishness. A move above 1.4000 would confirm. Resistance is at 1.4020, 1.4040 and 1.4100
A drop below 1.3940 indicates weakness and a test of the recent lows near 1.3880 would come into play. Support is also just above this at 1.3900.
USD/JPY Bias Up
Strong finish yesterday put the pair in a bullish spot, yet it still has to climb above a resistance area around 95.40. If it can, resistance is beyond at 95.60, 95.80 and 96.10.
Failure to really push above 95.40 will likely encounter some minor support at 95.10, 94.90 and 94.70 as the pair pulls back. A drop below that level is unlikely but support beyond is 94.45.
Analysis by: http://www.ForexPros.com - Written by Cory Mitchell
Disclaimers:
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.