August 2012 - ForexAbode.com.

Trading With An ECN Broker

August 23, 2012 11:07 am GMT+0  in Forex Articles

ECN (or Electronic Communications Network) organizations enable day traders and other small market participants to link up with high liquidity institutions through their forex brokerage services. Sometimes also referred to as Alternative Trading Systems, ECNs help to lower market barriers and provide a more level playing field for those seeking to get involved in both […]

Euro Rallies on Outbreak of Optimism

August 22, 2012 10:07 am GMT+0  in Forex Fundamentals and News

The euro market loaded has an abundance of speculative shorts, according to the last COT data. A few optimistic comments from the right people seems to be all that was needed to start a rally. With German Chancellor Merkel hinting, through her Christian Democratic Union’s budget chairman, they would be willing to make some small […]

Selling Continues in the USD

August 21, 2012 6:51 am GMT+0  in Forex Analysis

Trends in the currency futures continue uninterrupted.  For the past several weeks there has been spec-buying in the so called ‘commodity currencies’ versus sales of the USD. The buying has been most pronounced in the Canadian and Australian Dollars.  The spec long C$ has grown to 45,283 contracts, and to 75,242 contracts in the Australian […]

GBPUSD is in symmetrical triangle

August 20, 2012 2:18 pm GMT+0  in Forex Analysis

GBPUSD is in symmetrical triangle it is in rangebound  and hovering between fibonacci level 23.6 &61.8 if pair breaks upside above 1.5720 then pair may test 1.5740 & 1.59 alternate view if pair breaks downside below 1.5680 then pair will be short term downside resistance @1.5742 and support@1..5680 long term view is bullish Recommend strong […]

Mixed Economic News – Is the Yen Finally Weakening?

August 17, 2012 8:12 am GMT+0  in Forex Fundamentals and News

There seems to be a disconnect between the economic news and market action. Specifically, the action of the Spanish IBEX 35 Index, today up 2.09%, and the Italian FTSE MIB Index up 1.08% seems to contradict economic reports released earlier this week. GDP reports showed that both Spain and Italy were in recessions with two […]

EURUSD Analysis 17th August, 2012

August 17, 2012 1:41 am GMT+0  in Forex Analysis

EURUSD  Analysis 17th August, 2012 Pair has formed Head & Shoulder pattern in Daily charts, targeting towards 1.2690 It has resistance @1.25 &1.2740 and Support @ 1.2040. Yesterday pair closed above 50 days simple moving average and RSI (14)  is above its midline  My Overall View is bullish towards level 1.38  Buy @1.2375 Stop @1.2260 Target […]

AUDUSD HAS FALLING WEDGE PATTERN

August 15, 2012 4:39 pm GMT+0  in Forex Analysis

I feel AUDUSD has falling wedge pattern in 4 hour chart resistance @1.0440 and 1.0550 if pair breaks 1.0510 then pair find resistance @1.055 and 1.0610 for more detail in charts click here

“When Will the Euro Collapse” Commentary by Mathew Lynn

August 15, 2012 12:44 pm GMT+0  in Forex Articles

Matthew Lynn has a column called Matthew Lynn’s London Eye which is published  in Market Watch, as well as other outlets, usually on a weekly basis.  Lynn, a financial writer, has also written a series of novels. Today’s article “When will the euro collapse?  It’s already dead…Commentary: It’s just the shell of a real currency” […]

Forex Markets Looking for Direction – Where Do We Sell the Pound?

August 15, 2012 7:32 am GMT+0  in Forex Analysis

The euro got an early-morning boost when the German GDP Season Adjusted (Q/Q) came in a tick better than expected at a positive 0.3%.  Most of the other German numbers were negative but the market did not want to focus on the negative. Looking at all of Europe, Industrial Production fell 0.6% and the economy […]

AUDUSD HAS FALLING WEDGE PATTERN

August 14, 2012 8:37 am GMT+0  in Forex Analysis

AUDUSD has falling wedge pattern and regular bullish divergence resistance @1.0540, 1.0610 and support@1.0490 and 1.0440 if pair breaks above 1.0540 then pair may test resistance level @1.0610 www.nidhi-forecast.blogspot.in

Greece – credit rating outlook

August 8, 2012 1:06 am GMT+0  in Forex Analysis

Greece – Credit Rating Standard & Poor’s may cut Greece’s credit rating further. The current credit rating of Greece is CCC and that is 8 levels below the investment grade. The GDP of the troubled nation has been going down for past 5 years. The unemployment rate has sky rocketed to 22.5%. The credit rating […]

Forex Blogs – August 7, 2012

August 7, 2012 7:10 am GMT+0  in Miscellaneous

Forex Blogs At ForexAbode Till now ForexAbode used to work on the concepts of only In-house contents and analysis. But in doing that, though we have a better control over the contents and over fighting spam but on the other hand we have been doing injustice to our continuously growing community. This is because FA […]