The Forex Pro

Recent Recommended Trades
*************************************************** Update Time:     06 Mar 2008 23:39GMT WEEKLY OUTLOOK ON USD/CHF - +1.0220+ Dlr’s MT downtrend has resumed in part due to active cross buying in chf n further weakness twds 1.0200/10 is seen but o/sold condition shud limit downside to 1.0130/40 n risk has increased for a much-needed corrective rebound to take place later this week. Sell on recovery with stop abv 1.0495 (prev. sup) as break wud signal temp. low is made n risk

Daily FX Report
Good morning from wonderful Hamburg and welcome to Varengold?s Daily FX Report. The letters of the day are T G I F thanks god it?s Friday. The week was declaredly very stressful with all the decisions about interest rates and speeches of all the powerful guys that leads to all these record highs and lows. Markets review The EUR/USD hits new record high at 1,5396 yesterday as the ECB downplays prospects of an interest rate cut. Against the CHF the USD touched a record low too at 1,0210 and a

Matsys D Trade Signals
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Dollar slide to record lows against Euro and Swiss franc as ECB is not seen cutting rate anytime soon
News and Events: The US Dollar tumbled to record lows against the Euro and the Swiss franc on Thursday after the European Central Bank downplayed prospects of an interest rate cut and did not voice concerns about the rally in the Euro. Analysts said there had been some anticipation that ECB President Jean-Claude Trichet would comment on the Euro after remarks this week by euro zone finance ministers group chairman Jean-Claude Juncker that the common currency was overvalued. News that US home

The Dollar continued with its free fall against most major currencies
? The Rupee ended weaker today as rising levels of global risk aversion led to a capital outflow. Dollar demand by importers further added to the downward pressure on the currency. The USD/INR pair ended at 40.53 from 40.30 on Wednesday ? The 6- month forward rate was at a 0.33% premium as compared to 0.14% discount on Wednesday while the 1-year forward rate was at 0.48% premium from 0.23% on Wednesday ? The Dollar continued with its free fall against most major currencies, on expectations of

Shares in Carlyle Capital Corporation, Dutch-listed affiliate of private equity Carlyle Group, suspended
Quote: ?Of the names that tried to stay on the Forbes 400 wealthiest Americans list over a 21-year period, less than 15% succeeded?. Steve Forbes (1947-) The News: Shares in Carlyle Capital Corporation, Dutch-listed affiliate of private equity Carlyle Group, suspended. The Numbers: Greenwich Mean Time, with expectations and previous figures in brackets. 00:30 US Fed?s Rosengren speaks on risk management, Chicago. 01:00 US Fed?s Poole speaks on finance at the University of Illinois,

Dollars falls as ECB leave rates unchanged
The dollar fell for a fifth day in a row as the European Central Bank left interest rates at 4% to tackle inflation. Speculation among traders spread as they increased bets the Federal Reserve will lower interest rates by 75 basis points. “The dollar’s weakness is extraordinary,” Stephen Jen, head of currency research in London at Morgan Stanley, the second-largest U.S. securities firm, wrote in a research note. “The recent sell-off in the dollar is both definitive and justified by economic

Action Bias Summary Table

Fresh Round of Currency Speculations (reloaded, again)
All bets - introduced by my latest FXstreet.com notes - are still on. However, I’m watching the markets involved even more closely - the precious metals markets, in particular - in the wake of terrific volatility seen this week.

Charts Software - Technical Slow Stoch And Investment And Analysis
the preferred (slow) stochastic moving average convergence divergence (macd) formula. coast investment software, inc. products & services; bibliography.

RE: [GT] query on the signal formula for MacdDiff
Hi Samal, You can check if the MACD line crosses the signal line like this: #Crosses over the signal line —– display_signal.pl S

Free Stock Market Charts.MrSwing.com - the Web’s Best FREE Stock
The MACD formula is very simple, calculated by subtracting the longer moving average from the shorter moving average. The traditional periods are: for the long period 26 days and

QT Support: PaintBars-MACD
I want the candles to turn green when both the macd histogram AND macd nh are greater Do not know what DMX is. If you want to request an indicator, please include the formula

Equis International, a Reuters company
Name: MACD + Formula: If(MACD()>=Ref(MACD(),-1),MACD(),0) Name: MACD - Formula: If(MACD()

MACD Indicator
Technical Analysis with MACD (moving average convergence divergence) Charts. formula macd MACD indicator is described in details, with formulas, Cortex

MACD Forex Trading Indicator
of the most useful indicators in technical analysis is the Moving Average Convergence-Divergence The most popular formula for the standard MACD is the difference between the currency

Forex Club. MetaStock EOD and Metastock RT Pro. Programs, addons and
Offset RSI & MACD (2 formulas) On Balance True Range by Thomas A. Bierovic (5 formulas) Onno’s Binary Wave Indicator Onno’s Binary Wave System Test

Daily Scalping Tip
SELL  EURUSD @1.4703, SL @1.4718, TP @1.4693 Signal Time:  February 15, 2008 15:52 GMT STATUS: -ON -

Long-term US yields set to move upward
I’ve recently started to contemplate the opportunity for a new global bet - one that would benefit handsomely from a surprising rise in the long-term US yields (i.e. a fall in the price of 30-year and 10-year Treasuries). I believe the long-term US yields are already being set for moving upward. As shorter-term US yields like the 2-year continue to be moving lower, this evolution itself - in my opinion - becomes vulnerable to somewhat of a positive reversal. And even if such positive turn

As expected the Icelandic central bank left the key rate unchanged at 13.75 %
Today?s comment Majors, Scandis & Funding Overall it looks as though market participants have got a bit of breathing space as the macroeconomic data released over the past couple of days has been fairly decent thus dampening recession fears for a while. However yesterday Bernanke warned that credit losses will restrain growth and as analysts said that Intel may be hurt by slower computer sales US stocks fell. Market participants still expect the ECB to have cut the leading interest rate by

The markets didn’t like Paulson’s and Bernanke’s reality-filled views on the housing and employment
The markets didn?t like Paulson?s and Bernanke?s reality-filled views on the housing and employment and dumped the dollar and the equity markets on Thursday. The majors must break important levels if the dollar is to see more weakness today. Euro/dollar Euro/dollar rallied to a one-week high on Thursday, but has yet to exit from an inside range. Only a break above 1.4650 would nullify the downside risk. Above 1.4650, strong resistance is at 1.4730. Distant resistance follows at 1.4848.

GBPUSD Weekly Situation
The Pound Sterling has been destroyed by the great apprehensions about the British economy. One can see that both in the weekly and daily (insert) charts displayed here. The currency dropped from a high of 2.116 (early November 2007) to a low of 1.934 (End of January 2008). This great descent has been achieved in 5 waves, which is an indication that the general trend in this pair is now down. The question is: What now? We think that the next move should be up. The elements of technical

Matsys D Trade Signals
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GBP/CHF
GBP/CHF 60 minutes-chart shows a nice downtrend channel with a 500 pips- range. After hitting at the week high at 2.1844, the pair got into back to the channel and shows a bearish momentum. RSI shows a oversold condition, and MACD is negative and declining sharply. The center red line ( support line ) seems to be broken. If further downward momentum emerges, the projected line of the downtrend channel ( third line : the 2.1200 region ) would be a traget. 3 Moving Averages of 13, 21 and 51 EMA

EUR/JPY Daily Technical Forex
Current level at 11:20 CET is 158.43, trading above the daily pivot point level of 157.89, having remained above the hourly Ichimoku cloud for the last three consecutive trading days. Both daily and hourly Bollinger and standard error bands remain poised to the upside and we are close to the Fibonacci 50 percent retracement level of 159.10, measured over the 149.27 - 169.04 range. The chances of this market faltering at current levels are high. The 200 and 55 day moving averages are still

EUR/USD Daily Technical Forex
Current level at 10:19 CET is 1.4655, trading above the daily pivot point level of 1.4612 and also now above the daily Ichimoku cloud top at 1.4638, which also marks the Fibonacci 50 percent retracement of the 1.4311 - 1.4966 range. Daily Bollinger and standard error bands are flat while hourly values of the same indicators are poised to the upside. The overall picture remains positive although somewhat lethargic. Pivot point related resistance levels for today are set at 1.4674 and then

Today’s Technical Trading Points

EUR/USD: (1.4482) Short Term negative ? bias while below 1.4709
Reversal Day at 1.4956 puts the ? on a medium term negative bias while below 1.4709 (daily Medium Term Moving Average?): 1st Support area at 1.4440/ .4436 (current reaction low off 1.4956/ daily Bollinger bottom), with next levels at 1.4403 (daily Starc bottom): suspect difficult to sustain through on 1st attempts. If wrong, 1.4365 = daily envelope bottom + see graph: neckline Double Top, ahead of 1.4329/ .4310 (daily channel midline off 2005 low/ Dec 20 low + neckline daily Double Top), where

Forex Technical Report EUR/USD
EUR/USD 1.4485 - 8 February EUR/USD Open 1.4474 High 1.4647 Low 1.4452 Close 1.4525 The Euro dropped against the US Dollar on Thursday down to 1.4450, which is the first support for today. Next support is expected at 1.4360, followed by 1.4300. In upward direction resistance is expected at 1.4600, which is 61.8% correction of the climb 1.4370 - 1.4945, followed by the yesterday’s intraday top at 1.4665, and 1.4720, which is 37.7% correction of the drop 1.4945 - 1.4595. Technical resistance

Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,4519. EUR USD broke 1,4600 support. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4500. The price should consolidate. If the support is broken then the target will be 1,4400. Resistances 1,4550 - 1,4600 Supports 1,4500 - 1,4480 more information on EUR/USD - Euro

Action Bias Summary Table

07/02/’08 - The U.S. Pending Home Sales on Tap.
Economic News   USD The greenback has been appreciating sharply against the EUR since the release of the surprisingly weak U.S NFP report last Friday. Many analysts are still at odds as to why the greenback appreciated last Friday since the weak NFP report should have added to the existing bearish dollar sentiment. Also there was more significant negative data for the greenback this week as the ISM Non-Manufacturing Index released on Tuesday at 41.9 which indicated a sharp contraction in

Forex Technical Report GBP/USD
GBP/USD 1.9552 - 7 February GBP/USD Open 1.9602 High 1.9663 Low 1.9535 Close 1.9604 First support for the Sterling against the US Dollar is 1.9490, which is 75.7% correction of the climb 1.9340 - 1.9955. Next support is the bottom for many months at 1.9340, which is 49.8% correction of the big climb 1.7055 - 2.1155, followed by 1.9150. In upward direction resistance is given at 1.9710, which is 61.7% correction of the drop 1.9790 - 1.9560. Next resistance is the beginning of the above drop at

EUR/USD Trade Alert (Feb 7)
Trade Alert (Feb 7) After several rallies of the 1.46 support area the euro has now moved lower to 1.4549. Look to get long again around 1.4550-1.45. The cable is also forming a nice buy setup. Look to get long around 1.9430-1.94. Happy Trading Juan Saton _______________________________________________________________________ Trade Alert (Feb 5) Look to buy the eur/usd between 1.4650-1.46 _______________________________________________________________________ Trade Setup Update (Feb 1) The

Sell GBP/NOK, target 10.40
We recommend selling GBP/NOK spot (10.69) for a move to 10.40 and with a stop at 10.85. We foresee serious challenges for the UK economy and expect the Bank of England (BoE) to be forced to cut rates more than currently anticipated in the markets on the back of deteriorating domestic conditions and despite inflationary pressures. We remain relatively bullish on the Norwegian economy and the solid wage growth, high underlying inflation and rising rents make us believe that the Norges Bank

U.S. Forex Market Commentary
EURO The euro weakened vis- -vis the U.S. dollar today as the single currency tested bids around the US$ 1.4785 level and was capped around the $1.4950 level.  Technically, today?s intraday low was right around the 76.4% retracement of the move from $1.4920 to $1.4360.  The common currency lost ground despite the release of a weak U.S. January non-farm payrolls report that saw 17,000 jobs lost last month, the first decline in years.  Also, the January unemployment rate printed

Forex Trading
Hello everyone, Conquer: Open position see below. Anomaly: Order 2 stopped out, orders 3-7 canceled. Conquer - GBP/JPY (entries occur on four hour intervals) Zero Line Cross: - No open trades currently Drop In: - GBP/JPY short entry: 1/31/2008 at 00:00 GMT order 1 entry price: 210.71 stop: 213.65 target: 208.71 currently: -73 pips order 2 limit order: 208.63 stop: 210.13 target: 204.19 order 3 limit order: 204.11 stop: 205.61 target: none

USD pushing close to all-time lows ahead of employment report
Reverse psychology may rule the day on the US employment and ISM data up later. MAJOR HEADLINES ? PREVIOUS SESSION Overnight developments: Australia Jan. AiG Performance of Manufactguring Index dips to 48.2 from 57.6 in Dec. China Jan. Manufacturing PMI out at 53.0 vs. 55.3 in Dec. Sweden Jan. Swedbank PMI out at 54.6 vs. 54.9 expected EuroZone Jan. PMI Manufacturing out at 52.8 vs. 52.6 expected and 52.6 in Dec. THEMES TO WATCH ? UPCOMING SESSION Key event risks today (all times GMT): UK PMI

Divergence
Divergence - Definition of Divergence on Investopedia - A situation in which Moving Average Convergence Divergence - MACD Price Rate Of Change - ROC Reversal

What does MACD stand for? - Abbreviations and acronyms from
Moving Average Convergence/Divergence **** MACD: Michigan Association of Conservation Note: We have 28 other definitions for MACD in our Acronym Attic

Things to watch for MACD | GFT Forex
Avoiding the pitfalls of using MACD in your trading One of the best tips I can offer is to remember the definition of a trend.

MACD-H - Moving Average Convergence/Divergence Histogram - Technical
moving average convergence divergence MACD histogram and oscillator - reports, definition, examples Copyright 2008 MHP Systems Inc. | Privacy | Terms of Use. Historical and

Action Bias Summary Table

Asia Session Performance

USD/JPY Daily Outlook
———————————————————— INTRA-DAY USD/JPY OUTLOOK :              106.49 Updating time :29 Jan 2008 02:33 GMT As dlr has retreated fm 107.14 (Aust.) on active cross buying in yen, suggesting recovery fm y’day’s low at 106.00 has ended n consolidation with down- side bias remains for weakness to 106.30/35 but below is needed for re-test of said sup. Sell on recovery with stop as indicated n only abv

Currency Majors Technical Analysis
European Session EUR/USD - Euro Dollar 1,4774. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 1,4800. If the resistance is broken then the target will be 1,4900 (125 pips). Resistances 1,4800 - 1,4900 Supports 1,4750 - 1,4670 more information on EUR/USD - Euro Dollar Click Here

Forex Market Outlook on Majors
——————————————————— INTRA-DAY GBP/USD OUTLOOK :              1.9868 Updating time : 29 Jan 2008 07:37 GMT Current rebound suggests pullback fm 1.9893 has possibly ended at 1.9811 n consolidation is seen with upside bias for re-test of said res but abv is needed to confirm upmove has resumed to 1.9920 but reckon 1.9950/60 wud hold fm here. Buy again on dips with stop as indicated, break wud risk

Consumer Prices from Iceland
Today s comment Majors, Scandis & Funding Consumer confidence from Conference Board has fallen around 20 points since summer. Even though consumer confidence stabilized in December, it is still below long term average. Consumer confidence has probably been affected by the turmoil in the financial markets, the situation in the housing market, gas prices, and outlook to rate cuts from the Fed. We expect a moderate fall in consumer confidence. The movements in EURNOK have been rather

Euro rise as shadow of an ECB interest rate cut fade with stock support
Resistance and Support: The Dollar slid against the Euro on Thursday as tough inflation comments by a European Central Bank official and strong German business confidence data dashed hopes for a near-term interest rate cut in the euro zone. An improvement in investors’ appetite for risk, following a sharp rebound in European stocks and gains in US equities, pushed down the Dollar versus high-yielding currencies such as the British pound and the Australian and Canadian dollars. ECB governing

Daily Forex Technical Report - Yen Dives Further Despite Stronger CPI
Action Insight Daily Report Yen Dives Further Despite Stronger CPI The Japanese yen dives further on Friday despite stronger than expected CPI report which showed inflation climbed from 0.6% to 0.7% yoy in Dec versus consensus of being unchanged at 0.6%. Another surprise is that core CPI, ex-food, jumped sharply by 0.8% yoy, twice as fast as in Nov and exceeded even the headline CPI. Nevertheless, the core-core CPI, ex-food and energy, remained negative at -0.1% yoy. BoJ meeting of Dec 19-20

Forex Market Outlook on Minors/Crosses
INTRA-DAY AUD/USD OUTLOOK +0.8850+    Aussie’s intra-day firmness suggests the rise fm this week’s low at 0.8513 to retrace recent decline wud extend twds 0.8881, however, nr term loss of up ward momentum shud prevent sharp move beyond there n reckon 0.8900/05 wud hold fm here.    Buy on dips with stop below 0.8808 (aust.) as break wud signal intra-day top made, 0.8760/70… Range Forecast +0.8840 / 0.8865+ Resistance/Support R: 0.8854/0.8881/0.8954 S: 0.8808/0.8744/0.8704

Trading The GBP/JPY
Hello everyone, Stops moved to break-even on the Conquer trades now. Conquer: We had the Drop In Entry at 16:00 GMT (I am about an hour late and 50 pips on my entry). Conquer - GBP/JPY (entries occur on four hour intervals) Zero Line Cross: - No open trades currently Drop In: - entry date: 1/25/2007 at 16:00 GMT entry price (short): 212.38 stop: 212.38 (214.00 original) exits: 1st, 2nd, 3rd currently: +97 pips

Stocks rebound on good earnings
Stocks went higher in yesterday’s US session on better than expected earnings from Microsoft, Xerox, Nokia and Lockheed Martin. Overnight News Bullets SW PPI MoM/YoY (Dec) out at 0.0%/3.9% vs. 0.2%/4.1% expected. Prior at -0.1%/3.7%. GE IFO (Jan): Business Climate at 103.4 vs. 102.3 exp., Current Assessment at 107.9 vs. 107.4 exp., Expectations at 107.9 vs. 107.4 exp. UK BBA Loans for House Purchase (Dec) at 42088 vs. 43944 prior. US Initial/Cont. Claims (Weekly) out at 301K/2672K vs.

Technical Summary for Majors
EURUSD   Bounce from 1.4366, 22 Jan low, reached 1.4683 on 23 Jan, ahead of pullback that left a higher low at 1.4511. Fresh strength emerged from there cleared 1.4683 resistance, to reach a fresh high of 1.4779. Correction lower is underway, with positive near-term outlook, expected to leave a higher low at 1.4640 area, before fresh push higher. Lift above 1.4779 will expose 1.4820/35, possibly 1.4860.    Res: 1.4779, 1.4795, 1.4820, 1.4835  Sup: 1.4683, 1.4640, 1.4620,

Yen Crosses Very Overbought
    1 minute with ForexSurvivor   (25 Jan US) The movement of the forex and the equity this week indicates that further sign of deterioration will take place and be it consider as ? I am warning you.? Euro will deteriorate and I don?t rule out the 120 this year even if 160 is seen. The deterioration sees a decline fast enough that a sign of breathe won?t be inhaled. Keep your trade near MA 50 on the daily, as when it goes apart from below, then we say goodbye to ?euro strength

Risk appetite spelling trouble for USD and JPY again - how long will this last?
High yielders make strong comeback on equity and commodity rallies. MAJOR HEADLINES ? PREVIOUS SESSION Overnight developments: Australia’s Nov. Leading Index out at 0.8% vs. 0.9% expected. Japan Tokyo Jan. CPI out at 0.2% vs. 0.3% expected. Japan Dec. National CPI out at 0.7% YoY as expected, and core CPI out at -0.1% as expected. THEMES TO WATCH ? UPCOMING SESSION Key event risks today (all times GMT): France Jan. Business Confidence Indicator (0745) Sweden Dec. Trade Balance (0830)

Weekly Trading Lesson: What is MACD Divergence?
DailyFX provides the latest financial news that applies to the currency trading industry. Get constant updates, free forex charts, forex trading quotes and live currency pair

MACD Histogram and momentum divergence — Technical Analysis Education
Learn everything you ever wanted to know about the macd histogram, momentum divergence and technical analysis at StreetAuthority.com’s educational archives

Forex Weekly Review and Outlook EUR/USD Close to 1.5 but Could be
FXStreet.com - Swiss KOF Leading Indicator is expected to dip below 2 in Nov. CPI is expected to rise slightly from 1.3% yoy to 1.4% yoy in Nov rise from 1.4014 has likely completed with a five wave rally to 1.4968, with bearish divergence condition in 4 hours MACD

Turning Points
Safe Haven - The MACD of the A/D which I use as a short-term breadth indicator and which is pictured on the daily chart above, gave a clear forewarning that a good rally was coming at 1407, but it is not giving such an indication right now and is making

US Stock Market Confirms Primary Downtrend
Safe Haven - Index has been mapping out a series of lower lows and fallen below its 200-day moving average (often seen as an indicator 10-year graph of the NYSE Composite Index (based on monthly data), indicating the price trend together with the MACD

Dollar May Fall to 1.0890 Against Swiss Franc, Forecast Says
Bloomberg - The MACD, a momentum indicator, shows whether a price shift is a change in trend by comparing moving averages. In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security

You do not need any permission to link to any of the pages on this
PRWeb - November 2003 marked the thirtieth anniversary of the founding of Great Neck, NY-based Signalert Corporation by Gerald Appel,inventor of Moving Average Convergence/Divergence (MACD) indicator, a statistical stock market timing model that is widely

Trading discipline: Oversold Stocks don’t always warrant an investment
Stockhouse Canada - All stochastics, be they momentum, relative strength index (RSI), or the moving convergence-divergence (MACD) or any other driven by a mathematical formula based upon a look back period examination of price. For example a simple momentum indicator

Financially Fit: The world of technical analysis
Stockhouse Canada - Traders use these signals to buy when the indicator bottoms and turns up and sell when the indicator peaks and turns down. The MACD has been most effective in wide-swinging trading markets. Relative Strength Index (RSI) is an oscillator that ranges

Trading Questions
FXStreet.com - No indicator works for me on all types of charts, on 15 min. I use 7 & 17 EMA, on 4h 3 EMA (open) & 13 EMA (close) + MACD and RSI. Do you have something that you found to be working good for you on any particular chart? How do you make desicion to