Forex Bull

by Johan Kriek (jkriek@fxinstructor.com) Key notes: – President elect Obama’s inauguration tomorrow (Tue, 20 Jan) – US Equities experiences a late rally on Friday as risk aversion eases somewhat Key events: – no significant Eurozone announcements scheduled for today – US Public holiday today (Martin Luther king day), All markets should be quiet Probability Studies: No Trade Zone, bullish probability. The bullish 60minute trend is still intact and therefore the bullish probability. 1.3450 will be significant resistance if price converges with the bearish current trend resistance (blue line) If we see a bounce then the probability can change South if the 60minute trend is violated to the downside No Trade Zone, bullish probability

Australian inflation continued to ease significantly in December, offering the Reserve Bank with the opportunity to add to the rate cuts it had made throughout the second half of 2008.

Australian inflation continued to ease significantly in December, offering the Reserve Bank with the opportunity to add to the rate cuts it had made throughout the second half of 2008.

Original post:  Identifying Trades with DailyFX 01.19.09 (Daily FX)

Mon, 19th of January, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD was corrected higher on Friday. The pair topped at 1.3343 and closed at 1.3266

EURUSD’s downtrend extends further to as low as 1.3026 level. Deeper decline to 1.2800 to reach the next cycle bottom on daily chart is still possible next week, and the

GBPUSD breaks above 1.4706 key resistance, suggesting that the short term downtrend from 1.5372 has completed. Further rebound could be seen to 1.5000 zone in a couple of days

GBPUSD might be forming a short term cycle top at 1.5249 level on 4-hour chart and the fall from 1.5249 could possibly be resumption of down trend. Key support is

Bare-chart Forex trading is a good approach for some traders, especially those who understand the Forex frequency analysis method. This video will explain to you the basics of the Forex chart frequencies. Posted on Forex Video Zone .

This free Forex video will show you how to use the Hammer candlestick chart formation in your Forex trading. This system can be applied on any timeframe and currency pair