Forex4you
  • Mumbai
  • India
Share on Facebook
Share Twitter

Forex4you's Connections

  • Peter Dalal
  • Kevin H Driscoll
  • Gilbert Parker
  • TraderMike
  • Alan Lee

Forex4you's Groups

 

Forex4you's Page

News & Activity Feed

Forex4you posted a blog post

Forex4you Technical Analysis 27 May 2013

EUR/USD: Trend-Line Still SupportingThe EUR/USD exchange rate is trading slightly above the July '12 trend-line. The thick band of resistance at 1.2980 including the 50-day MA is preventing further upside. A decisive break above 1.3000 would be necessary to trigger a stronger move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a move below 1.2795 would open up a downside target of 1.2580. Today is a holiday in the U.S…See More
May 27
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 24 May 2013

EUR/USD: Bouncing Off Trend-LineThe EUR/USD exchange rate is still trading on the July '12 trend-line however it is rising bullishly at the moment. We have had a surge this morning which has taken it up to 1.2980 where a thick band of resistance, including the 50-day MA is situated. If it manages to break above 1.3000 then it is possible we could see a move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a move below…See More
May 24
0 Comments
Forex4you posted blog posts
May 23
Forex4you posted a blog post

Forex4you Technical Analysis 20 May 2013

EUR/USD: Trend-Line BrokenEurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break suggests there will probably be a stronger move lower, with an eventual target all the way down at 1.2455 although…See More
May 20
0 Comments
Forex4you posted blog posts
May 17
Forex4you posted a blog post

Forex4you Technical Analysis 15 May 2013

AUD/USD: Close to Triangle BorderThe aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a rally, probably to parity, although overall the chart looks quite bearish. A downside breakout…See More
May 15
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 09 May 2013

AUD/USD: Bouncing off range lowsThe aussie has bounced off the monthly pivot and the consolidation range lows at 1.0150 and reached the 1.0250 level, just shy of the key 1.0255 which would add confirmation of a possible reversal. We will probably now get a move above 1.0255 confirming upside and another leg higher, with a possible initial target at the 50-day MA at 1.0340. It is then possible it will be followed by a further move up to 1.0550 range highs. Alternatively, a decisive move below…See More
May 9
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 07 May 2013

AUD/USD: bear move hits range lowsThe down-trend in the aussie continues and has gained fresh impetus from news of an RBA's rate cut. It has now reached the region of the box range lows at 1.0150 where it could begin to consolidate or even bounce. The monthly pivot at 1.0195 adds further support, however, there are no signs of reversal yet and given the RBA action the probabilities may favour a breakdown. A move below 1.0115 would probably reach the monthly pivot at 1.0027. I would want to see…See More
May 7
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 06 May 2013

EUR/USD: Long-Term P&F TargetA long-term target of 1.4100 has been fixed on the 50 pip box point & figure chart as illustrated below. This is quite a reliable chart for trading longer-term based on results from the last 12 years. Now to activate the target and trigger a trading opportunity the exchange rate would have to move up to 1.3250 in the current column. This would also trigger a triple top continuation pattern, a further bullish sign. The stop would be placed at the 1.2700…See More
May 6
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 03 May 2013

AUD/USD: Correcting Down-moveThe current rally in the aussie which began on the 2nd of May is probably a correction which will run out of steam, most probably at 1.0345 where the 50-day MA and a down-sloping trend-line intersect. After that we could see the next leg lower take shape, falling down to 1.0195 initially but ultimately to the wider consolidation lows at 1.0150. Alternatively, a break above 1.0385 could be bullish and lead to double bottom triggering and a swift short-covering rally…See More
May 3
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 02 May 2013

EUR/USD: Bearish signs, ECB on tapEurodollar has stalled in its up-trend and formed a bearish shooting-star candle on the daily chart. On the hourly chart there is a head and shoulders pattern with a neckline at 1.3145. If the pair breaks below the neckline it will probably move down towards the trend-line at 1.3085. Alternatively it is possible the up-trend could resume again, with a break above 1.3200 seeing the start of a recovery to the upside, although for more confirmation it would have…See More
May 2
0 Comments
Forex4you posted a blog post

Forex4you Technical Analysis 30 April 2013

EUR/USD: Rising within a consolidationOverall the EUR/USD pair is trading in a chaotic range in between 1.3180 and 1.2980. Within that sideways band, however, it seems to currently have an upside bias. A break above the 1.3120 highs would be key in confirming a continuation higher, with an upside target at 1.3160 where the 100-day MA is situated. Today has been a down day so far, however, and it is possible that there could be more downside temporarily, although it would probably be limited by…See More
Apr 30
0 Comments
Forex4you posted blog posts
Apr 26
Forex4you posted a blog post

Forex4you Technical Analysis 24 April 2013

EUR/USD: H & S Neckline BrokenThe EUR/USD seems to have broken below the neckline at 1.3005 and moved lower. Despite a strong bullish candlestick on the hourly chart, price will now probably go down towards the 200-day MA situated at 1.3022 and then probably even lower eventually as the pattern reaches its target at about 1.2850. Alternatively a break above the down-sloping trend-line formed by the head and the right shoulder of the pattern at about 1.3050 would see the H&S fail and a…See More
Apr 24
0 Comments
Forex4you posted blog posts
Apr 18
Forex4you posted a blog post

Forex4you Technical Analysis 16 April 2013

EUR/USD: Consolidating - Drifting LowerEurodollar continues to consolidate and drift lower. It has rebounded back up from the range lows today and now faces resistance from the 50-day MA at 1.3095. It is possible the pair could be forming a bullish flag which could trigger a rally after breaking above the 50-day and range highs at 1.3125, leading to a move up to 1.3445. It is also possible the consolidation is a topping pattern at the end of an Elliot wave 4, and a decisive break below 1.3020…See More
Apr 16
0 Comments

Profile Information

How many trades do you make per month ?
10
About Me:
Online forex trading with leading broker. Leverage up to 1:500! Start trading with just 2 USD. 24-hour customer support. Market tips and news.

Forex4you's Videos

  • Add Videos
  • View All

Forex4you's Blog

Forex4you Technical Analysis 27 May 2013

EUR/USD: Trend-Line Still Supporting

The EUR/USD exchange rate is trading slightly above the July '12 trend-line. The thick band of resistance at 1.2980 including the 50-day MA is preventing further upside. A decisive break above 1.3000 would be necessary to trigger a stronger move higher to the 1.3170 highs. It's looking less likely the trend-line will break and we will get a bearish drive lower, but a…

Continue

Posted on May 27, 2013 at 3:42pm

Forex4you Technical Analysis 24 May 2013

EUR/USD: Bouncing Off Trend-Line

The EUR/USD exchange rate is still trading on the July '12 trend-line however it is rising bullishly at the moment. We have had a surge this morning which has taken it up to 1.2980 where a thick band of resistance, including the 50-day MA is situated. If it manages to break above 1.3000 then it is possible we could see a move higher to the 1.3170 highs.…

Continue

Posted on May 24, 2013 at 3:30pm

Forex4you Technical Analysis 23 May 2013

AUD/USD: Bouncing in Down-Trend

The aussie has resumed its descent and reached close to previous lows at 0.9580 which might be expected to provide support. It has recovered strongly today and climbed back up although it will meet resistance at 0.9765 from the down-sloping trend-line for the move, at which point it could stop and resume its descent. The 0.9387 lows are next in focus although ultimately…

Continue

Posted on May 23, 2013 at 12:47pm

Forex4you Technical Analysis 22 May 2013

EUR/USD: Tentative Recovery

The EUR/USD pair failed to follow-through after the bearish break below the July '12 trend-line. It has started to rebound, forming an inverted head and shoulders pattern with a neckline at 1.2930; a decisive break above which could lead to a rally up to 1.3070 eventually, although strong resistance at 1.2980, composed of the 50 and 200-day MA could slow progress on the way…

Continue

Posted on May 22, 2013 at 4:11pm

Comment Wall (2 comments)

You need to be a member of Expert Trading Community - Traddr™ to add comments!

Join Expert Trading Community - Traddr™

At 3:51am on July 23, 2010, Roger Carter said…
Hi there, thanks for the contributions , noticed you guys place your twitter and FB links on your homepage, if you'd be willing to add our button/banner(found on our home page) on your site, we'd put up your logo on our partner sites and link it back to your page.
At 5:03pm on July 15, 2010, Kevin H Driscoll said…
We are seeking your recommendations for qualified presenters in the daytrading industry for OnlineTraderCentral.com - Kevin - 24x7 - 508-877-9973

Twitter Tracker

 
 
 

© 2013   Created by Roger Carter.

Badges  |  Report an Issue  |  Terms of Service