fxproalert.com
Forex market and trading idea, signal and alert
Euro Channel possible to work this week
Aug 7th
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Morning,
After a chaotic week that all traders ruined by some shocking news around euro debt and also U.S. credit downgrade. We all waiting for market reaction on these news this week.
Already i see a powerful channel that happened on EUR/USD and EUR/JPY and we can have good long or short signal on the side of these channels but its technically part of analysis, but fundamentals can ruined everything on this Forex market that since new year has bad condition.
Regards
Nick
AUD still want to going up?
Jul 31st
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This week we had huge ride on AUD/USD and key resistance on 1.1000 almost broken, but AUD/USD can’t hold it for long time and fall again but on friday because of worst than expected GDP new bullish ride forming, anyhow if we try to follow bullish idea then better wait for small retrace maybe to 1.0800 or 1.0870 then try to take new long on correct signal.
Also this week we have AUD Cash Rate, RBA Rate Statement and NFP for USD that can make huge move on each side of this pair.
Thanks
Nick
New bearish wave will come?
Jul 24th
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This week after Greece crisis we had huge loss for USD on Forex market and that was the reason of bullish move on euro and also other pairs.
As quick watch on EUR/USD daily chart we can consider new possible for bearish on this pair, maybe around daily trend line. 1.4470 is reasonable for this idea. So lets wait and see how market will deal with this analysis.
EUR/GBP Try to going up
Jul 16th
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This week its possible to see new bullish wave on EUR/GBP, after we had signal on friday for long on Trend-Line and its really worked. Anyhow its still possible for us to take another long position on next TL touch on this pair.
EUR/USD near to exploding
Jul 9th
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This week forex market was really interesting after the last ECB try for controlling inflation in euro zone by hike the rate. Already some fundamentalist believe that ECB will have no new plan for hike rate in next months, So i guess sooner or later we should see strong bearish wave on EUR/USD. On the other hand USD economic after NFP came to new fog, so this week is really critical for EUR/USD.
Nick
FXProAlert
Forex trading based on fundamental analysis
Jun 23rd
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Pros and Cons
There are basically two groups of traders in the Forex market; the technicians and the fundamentalists. We are going to concentrate on the latter. Fundamentalists are traders who predict price movements in foreign exchange trading using fundamental analysis as opposed to the use of technical analysis by technicians. All in all, most traders use both of them in achieving the best results in the Forex market.
What is fundamental analysis?
This is an analysis that assumes that the currencies’ supply and demand is caused by observable economic processes. Therefore, they take their time in observing the economic, political and social factors that might be responsible for the supply and demand drive. Fundamentalists believe that they can accurately predict the price movements through the observation of all the different kinds of indicators.
Currency prices reflect the balance that exists between the supply and the demand, therefore, the analyzing of interest rates, foreign investments, GDP, balance of trade, etc. allows traders to predict price movements. Different fundamental analysts concentrate on different indicators such as economic growth rates, interest rates, inflation, unemployment, with data related to international trade and interest rates being given priority and more attention. Fundamentalists are aware of the release time More >
Forex trading based on technical analysis
Jun 6th
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The pros and cons
If you are involved or you are thinking of being involved in the Forex market, then you must have come across the different types of analysis which are; fundamental and technical analysis. You must have also noticed that there are strong arguments over which the best analysis is. The truth is that they are not exclusive and most successful traders use both of them. We will focus on the technical analysis and look at its advantages and disadvantages.
What is technical analysis in the Forex market?
This is a method that makes use of what happened in the Forex market in the past to predict the future market trends and price movements by using charts. The analysis takes into consideration the actual price movements and avoids the reason behind the movements. This analysis is the most precise and easiest method in the trading of currencies. Its operations are based on three main principles:
-The currency’s price reflects every known aspect in the market that can affect it.
-The analysis of the behavior of the patterns is very important because the prices will move in trends.
-Patterns will always repeat themselves.
Regardless of the Forex system you are using, the best way to proceed More >
What are the benefits of Forex Signals?
May 27th
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Time is very important in everything, but it is even more important when it comes to the Forex market. Timely or untimely actions of a trader can earn them millions or make them lose more than that in a split of a second. The forex market is the largest market in the world, it sees over $3 trillion worth of transactions, operates around the clock thus making it impossible for traders to stay vigillant when it comes to the market changes and fluctuations. This is where there is a need for alarms and indicators that will enable the trader to know when there are probable pitch points and opportunities that they can take advantages of. This is why Forex signals, also refered to as alerts, are very important in this market. In simple terms, forex signals are indicators that show the trader the right time to buy or sell.
Who operates the Forex signals?
The Forex signals providers are operated by professionals who know their way in this field. They spend most of their time in studying and learning about the market and its operations. A lot of successful traders trust the recommendations they get from these professionals when they are making More >
Around the World in a Forex Trading Day
May 22nd
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The forex market opens and remains active for 24 hours from Monday morning hours in Asia-Pacific time through to Friday, the close of business, New York hours. At any given time, dependent on time zones, a lot of financial centers are open globally, examples being Tokyo, London, and Sydney, the currency trading desk in the financial centers is active in the market.
Unlike other financial markets such futures or stocks exchanges which are closed during holidays, currency trading knows no holidays. The market opens in Tokyo, Toronto, or Singapore even when it is a holiday in Japan. For example, if it’s the 4th of July in the U.S., financial centers in Toronto, London, Tokyo and others will open and trade currencies as long as it’s a business day. The only common global holiday is the New Year’s Day, even with that, it depends on the day it will fall on.
The opening of the trading week
The trading week or day has no official starting time, but the market action mostly kicks off on Monday morning when Wellington, the 1st financial center in the international dateline’s west opens. This correspond to Sunday afternoon- North America, Sunday evening-Europe, and Early Monday morning- Asia, depending More >
What is the Forex Market?
May 14th
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Also referred to as the FX market, or foreign exchange market, the forex market stands at the top of other financial markets when it comes to the most traded. In financial markets, we know it to be the “Big Kahuna”. Global investment and commercial flows move through an intersection, the international capital’s crossroads, this is the forex market. International trade flows are based on forex markets developments, for example, when a German electronics company buys components made in Japan.
Today, the global investment and financial flows have dominated trade primarily as the non-speculative forex market volume source. Whether it is the purchase of a Canadian manufacturing company by a German conglomerate, or a pension fund in China investing heavily in Treasury bonds in the U.S., or the allocation of assets to the equity market in Japan by a British insurer, each and every cross-boarder transaction has to pass through the foreign exchange market at some point.
Above everything else, the trader owns the forex market. This is a market that is open for six days in a week allowing the trader to act on events and news as they happen. It is a busy market that is home to multi-billion transactions, the More >