EUR/USD

[pritam08]

Made some pips on the EUR/USD; went long at 1.3550: SL: 1.3410. PT1: 1.3670. PT2: 1.3730

This was an overnight trade. Went long 23.00hrs SGT
1) Used the Elliott Wave analysis and saw that Wave-C up was underway, this downward retracement within the main uptrend should give way to the resuming of the uptrend.

2) I also use some alert indicators, and the 15-min chart was fulfilling 4 technical conditions at the time of entry (11.00 SGT bar)
MACD above MACD Signal
MACD showing first positive bar
%K above %D
Parabolic SAR showing the first dot after changing sides

[tomo1]

what r your suggestions for when the market will open??
still long?

[aruna36]

i am new to this forum. i wish to know is there any signal for day trading in forex market

[adria]

The dollar gained across the board as a profit taking characterized the market before the FOMC statement today. The Stock Markets in U.S advanced with Dow Jones gaining 0.42% and the NASDAQ rising by 0.75%. Crude Oil advanced by 1% and closed at 81.5$ a barrel. Gold (XAU) seems to pause its rally and closed at 1201$ an ounce. Today, the Nonfarm Productivity is expected at 0.1% vs.2.8% previously. The Unit Labor Cost is expected 1.4% vs. -1.3% previously. After the FOMC Statement an Interest Rate Decision is expected unchanged at 0.25%.

[goldie123]

Three months ago, the euro was in charge of its own future; and the most prolific fundamental trends were sourced from the stability of the European markets. How things have changed. Despite long-term concerns about the financial and economic balance of the regional economy, investors have decided to turn their attention to considerations that are more immediate. Speculation surrounding the stimulus efforts to be taken by the Federal Reserve and the bearing on underlying risk appetite trends has made the dollar the center of attention.

[Marioth]

This is a good analysis. I wonder what will happen if the Euro currency ends. Does it stop being negotiating immediatly in Forex?