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Trend Following | Daily Forex Trading Edge

Trend Following

NZD/USD Analysis

Thursday, Nov 15, 2012

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

SPX Versus the EUR/USD

Thursday, Nov 15, 2012

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Fed easing expectation still; downtrend pressure on US dollars

Thursday, Nov 15, 2012

Market Review yesterday: the Federal Reserve meeting on interest rates mentioned the easing policy again, but there were still differences. In the stock market: the three major U.S. stock markets again fell across the board, a record low in three months. Commodities: gold, silver and crude oil rose slightly. In currencies, the European currencies are relatively strong, but the pound fell, constrained by an inflation report, while the commodity currencies fell considerably.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Rumors dilute the cautious mood; Non-US might reverse uptrend

Wednesday, Nov 14, 2012

Market Review yesterday: Greece successfully sold their debt, and the risk of default fell. The cautious market sentiment also eased. The unexpected UK inflation data and the U.S. fiscal cliff continue to disturb the market. In the stock market: U.S. stocks continue to decline slightly. Commodities: crude oil edged lower; gold prices went high and volatile, silver prices surprisingly went up. Currencies: risk aversion has not yet completed remission, the hedge currencies (Yen and USD) went stronger. Commodity currencies: the Australian dollar went higher.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

The USD/CHF is North of the 200DMA. Waiting on a Swing Buy.

Monday, Nov 12, 2012

The daily USD/CHF may not have the market clarity of an uptrend but with the pair trading above its 200 period Simple Moving Average on the close there is certainly bullish sentiment and momentum. This does open up a more aggressive look at the longer-term, intraday time frames for buy set ups. I am focusing on the 240-minute chart in particular.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

The EUR/USD Crosses the 200DMA Support Level

Friday, Nov 9, 2012

Even though the 1.2700 level eludes the bears, the major psychological level support seems to be the only thing between the EUR/USD’s re-visit to the late-August trading range between 1.2560 and 1.2500. With the 200DMA broken (today will likely be the second close below this key technical level) the only thing that seems be slowing the fall is a lethargic U.S. dollar.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
Related Terms:

NZD/USD Analysis

Wednesday, Nov 7, 2012

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

USD Weakness?

Wednesday, Nov 7, 2012

Good Afternoon,

Elections are behind us and the fiscal cliff/budget concerns are looming with a Democratic Presidency and a Republican House of Representatives. Also ahead are tax cut decisions and the possibility of more stock selling due to higher tax rates next year. This is going to get interesting!

Technically, the SPX definitely broke support - I have shown the charts in previous postings regarding the next "support levels". Price action shows support around 1300. In between, we have Fibonacci levels and the 200 SMA at 1375ish.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Obama re-election is determined; the non-US uptrend is expected to be limited

Wednesday, Nov 7, 2012

Market Review yesterday: the majority of economic data in Europe and the United Kingdom announced yesterday was poor. The October euro-zone service sector and the consolidated purchasing manager index hit a three-year low. German factory orders in September fell 10.2 percent annual rate. September industrial production, manufacturing data in the UK was also worse than expected. But yesterday's data was very limited. The market is betting on Obama in advance. There’s sharp rebound in the U.S. stock market. Commodities: gold, silver, crude oil rebound.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Greece strike troubled market; the euro might break key resistance

Tuesday, Nov 6, 2012

Market Review yesterday: yesterday the market opened with risk appetite slightly warmer; poor Europe data; U.S. stocks closed higher: S&P 500 rose 0.2%; the Dow Jones rose 0.14%; the NASDAQ rose 0.6%. Commodity: gold, silver, crude oil pulled back slightly. Currencies: the risk currency has different trend. Euro, British Pound continues to fall, while the commodity currencies AUD, NZD performed better.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com
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