Live Trading Room Quick Links:

Forex Academy Quick Links:

Misc. Quick Links:

Academic Library

Language:

Home
Online Courses

Featured Course: Japanese Candlesticks

Instructor: Muhammad Azeem | Level: Beginner+

No. Lessons: 6 | Type: Technical Analysis

Don't let your trading account crash and burn - get educated!

The answer is clear: No amount of reading can replace actual hands-on training on the live market, with a professional guide.
Trading Rooms

Featured Room: Live Trading Room

Trial: Free Week | Strategy: Mixed
Trades Taken: 238 (May) P/L: +664 pips (May)

Why Trade Alone? Trade Together!

Trading is NOT a solitary activity. Join a trading room today and find out for yourself just how social trading can be!
Reports+Alerts

Featured Signal: FXGroundworks

Trial: $5.95 Week | Strategy: Harmonics
Type: Automated System

A Trader Without Perspective Is Trading Blind

Our one-of-a-kind analytics packages offer unparalleled perspective into the minds of talented market professionals.
Forex Tools
Forex Brokers
Support
Forums
Blog

Live Help

Intraday Technical Analysis – November 12, 2007

Premium Market Reports by FXTechStrategy

Intraday Technical Analysis – November 12, 2007
Monday, November 12th, 2007 @ 7:44 am by Bogdan Parascanu

Hello traders, this is the 13.00 GMT intraday technical view

EurUsd followed the trend set by the other majors on Friday and after it traded around Friday’s low in the Asian session it started to loose ground at the start of the European session and covered more than 100 points until now, reaching a Fibonacci Expansion level set at 1.4560. After failing to stay above 1.4700 the pair’s midterm trend has changed to the downside.

GbpUsd continued to loose ground today after the big drop on Friday, it opened with a gap and pushed lower towards the 2.0700 level covering close to 200 points in just a few hours. For the Us session we expect this move to continue after a smallintraday retrace perhaps to the 2.0765 are which is the 50. Fib line of today’s move.

Related Posts:

Posted in Market Analysis

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Article Categories

Forex Links

Blogroll

Educational Partners

Advertising

Risk Disclaimer: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell forex instruments. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FX Instructor, LLC and any affiliated traders, writers, analysts, and developers harmless in any and all ways. All rights reserved. The use of this website and or its contents constitutes acceptance of our disclaimer.

© 2006-2010 FX Instructor, LLC | Problem with the site? Click here to contact us.