ForexPros Daily Analysis June 01, 2011
Free webinar on ForexPros - My Top Strategy For Trading The Forex Markets
Expert: Steve Primo
Start: Thu, Jun 2, 2011, 09:00 EST
End: Thu, Jun 2, 2011, 10:00 EST
Steven Primo is a former Stock Exchange Specialist as well as a 34 year veteran of the markets. In this webinar he will share with you his proprietary concepts and techniques that are designed to capture consistent gains in the Forex Markets. Steven will also explain how to properly apply these methods so that you can elevate your trading to the next level. All of Mr. Primo’s techniques can be applied to the Forex markets in any direction and in any time frame.
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Euro Still Holding Longs. Yen in Bottom of Range.
Euro:
The euro is still in measured moves long and the setups are yet to be broken. The next setup's target is at 1.44548. This corresponds with the full half way back short at 1.44547, with the line in the sand at 1.4569. This is a tricky area. The euro is in strong unbroken setups but is coming up against strong resistance so best to watch this area.
Pound:
On the daily, the pound broke its daily long setups and has reacted off its next 50% short at 1.6484, with a target at 1.63477. This could signal a reversal in trend into the next long setup. This is best seen in the 15 min chart.
Yen:
On the daily, the yen has reacted off a 50% long at the bottom of the range, with a target at 82.551 which is just above the larger short setup at 82.551, which the yen is currently in.
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Forex Trading analysis written by Diana Rochford for Forexpros.
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New on Forexpros, the Currency Correlation Calculator !
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Disclaimer:
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.
Free webinar on ForexPros - My Top Strategy For Trading The Forex Markets
Expert: Steve Primo
Start: Thu, Jun 2, 2011, 09:00 EST
End: Thu, Jun 2, 2011, 10:00 EST
Steven Primo is a former Stock Exchange Specialist as well as a 34 year veteran of the markets. In this webinar he will share with you his proprietary concepts and techniques that are designed to capture consistent gains in the Forex Markets. Steven will also explain how to properly apply these methods so that you can elevate your trading to the next level. All of Mr. Primo’s techniques can be applied to the Forex markets in any direction and in any time frame.
Click here to join free
---
Euro Still Holding Longs. Yen in Bottom of Range.
Euro:
The euro is still in measured moves long and the setups are yet to be broken. The next setup's target is at 1.44548. This corresponds with the full half way back short at 1.44547, with the line in the sand at 1.4569. This is a tricky area. The euro is in strong unbroken setups but is coming up against strong resistance so best to watch this area.
Pound:
On the daily, the pound broke its daily long setups and has reacted off its next 50% short at 1.6484, with a target at 1.63477. This could signal a reversal in trend into the next long setup. This is best seen in the 15 min chart.
Yen:
On the daily, the yen has reacted off a 50% long at the bottom of the range, with a target at 82.551 which is just above the larger short setup at 82.551, which the yen is currently in.
---
Forex Trading analysis written by Diana Rochford for Forexpros.
---
New on Forexpros, the Currency Correlation Calculator !
---
Disclaimer:
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.