List of Forex Forecast Blogs from Wordpress

Day 11: Take Profit or Run with 3pips

forexinternship wrote 5 days ago: Alright! I am proud to announce that my score is 114-0-1 (the technical error). I continue to check economic news … more »

Tags:

• Economic News
• Currency trading
• forex forecast
• forex calendar
• Dailyfx

Day 10: Forex Trickery

forexinternship wrote 6 days ago: Wow! You know how you want to be sure that you win when you want so you keep the order … more »

Tags:

• Economic News
• currency forex trading
• forex day trading
• forex forecast
• Dailyfx

Day 6: And the score is 29-0

forexinternship wrote 2 weeks ago: Hey all! Yesterday I was trading at .10 lots to be safe. Today I decided to take some risks. Ooh! … more »

Tags:

• Economic News
• currency forex trading
• forex forecast
• forex calendar

Day 5: Trading

forexinternship wrote 2 weeks ago: How’s it going everyone? Today’s trading so far is 3-0, in all is 8-0 with scaling. I have been tempted … more »

Tags:

• Economic News
• Currency trading
• forex forecast
• forex calendar

Day 3: Opening a Demo Account With Fxdd

forexinternship wrote 3 weeks ago: Hi all! Opening a demo account with Fxdd was simple. First, I went into Fxdd site to training platforms. This … more »

Tags:

• Trading
• Economic News
• Metatrader
• forex trading system
• forex forecast

Day 2: Figuring when Not to trade

forexinternship wrote 3 weeks ago: Hello! Figuring out when not to trade as a result of major economic news can be quite the experience; though paramount, … more »

Tags:

• Economic News
• forex day trading
• forex forecast
• Forexfactory
• Dailyfx

DailyFX weekly calendar

sallyforex wrote 3 weeks ago: I can start looking through my Economic Data Release Calendar for January 7 - January 12, 2007. I will look … more »

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Latest Technical Analysis Reports

Currency Pair Daily Forecasts
Jan 30 09:28 GMT, by Finotec Group
The dollar has rebounded against other major currencies as mounting signs of strength in the U.S. economy convince investors the Fed is less likely to cut rates this year from 5.25 percent.The Fed wra...

Daily Forex Analysis
Jan 30 09:01 GMT, by FOREXYARD
USD/JPY: The uptrend of this pair shows no signs of weakness, and the current key resistance level is set at yesterday's high, 122.15. A breech above that level will signal a continuation towards the...

Daily Trade Recommendation - GBPUSD
Jan 30 08:48 GMT, by AMZ Capital
GBPUSD is looking to take some retrace towards 1.9730 level and then we might see a dip by GBPUSD towards 1.9600 level which could then further extend towards 1.9511 level. We might also see GBPUSD be...

FX Technical Analysis
Jan 30 07:30 GMT, by Mizuho Corporate Bank
EURUSD Comment: Same old story: still struggling under 1.3065, trying to form an interim low against the 50% retracement area. For this morning yesterday's basing activity around 1.2900 should lead to...

Technical Analysis for Major Currencies
Jan 30 06:28 GMT, by Crown Forex
The sterling pound formed a reversal pattern towards the up side since it couldn't brake the 1.9540s support level and also it rebounded immediately to close near to the open price. Therefore; we expe...

Latest Fundamental Analysis Reports

Forex Market Issues and Risks
Jan 30 09:33 GMT, by AC-Markets
The Dollar hit a four-year high against the Yen as expectations that data this week will show US economy strength, sentiment which boosted the view that the Federal Reserve may not have to cut interes...

Dollar Steady Ahead of the European Data
Jan 30 08:33 GMT, by Global Forex Trading
There are quite a few releases out of Europe today, specifically the German Q4 provisional CPI and the Bloomberg Retail PMI's. While the German CPI should have little impact (unless of course it retur...

Global FX Daily (European)
Jan 30 08:25 GMT, by Mellon Foreign Exchange
UK - consumer net lending figures are due, while mortgage approvals will also be watched after Friday's softer approvals number from the British Bankers Association. The latter is just for the banks a...

Today's Key Points
Jan 30 08:17 GMT, by Jyske Bank
We expect the January consumer confidence survey from Conference Board to drift higher to 110.5 from 109 reflecting several positive factors including improving job market conditions, positive stock m...

FX Pole Position: USD - Drums Please!
Jan 30 08:10 GMT, by Jyske Bank
After having been stuck between a rock and a hard place - 130,50 - 128,60 - for good three weeks now, this very week will - if any - turn out the trigger for renewed action in EUR/USD. Consumer confid...

Forex Weekly Analysis Reports

Economic Data Roundup
Jan 30 09:27 GMT, by ODL Securities
For the time being the Fed is prepared to retain its bias to tighten, although any additional firming that may be needed will depend upon the evolution of the outlook for both inflation and economic g...

CAD Sentiment Bottoming: Price to Follow
Jan 29 15:22 GMT, by DailyFX
CAD positioning actually improved for the second week in a row (albeit slightly). Sentiment is extremely CAD bearish as the percentile indicator is below 0. The improvement is sentiment the last two w...

Weekly Forex Signals
Jan 29 15:17 GMT, by Finotec Group
USD/JPY is likely to consolidate this week as long as it stays below immediate resistance at 122.25. Any breach of 122.25 would be short-term bullish, exposing upside toward top of ascending channel f...

Weekly Technical Commentary
Jan 29 15:12 GMT, by Mizuho Corporate Bank
Tricky because of few good chart resistance levels in this area, plus strong upside pressure on many Yen crosses, has sent this pair to the highest price since December 2002. The high this morning is...

Weekly Analysis: Dollar may be supported by this week's economic data
Jan 29 13:24 GMT, by Finotec Group
Fed rate-setting meeting will end on Wednesday when the central bank is widely expected to keep rates unchanged at 5.25 percent. Analysts said data pointing to an upbeat economy would further reduce t...

Fundamental analysis

Fundamental analysis is a method of forecasting the future price movements of a financial instrument based on economic, political, environmental and other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the financial instrument. In practice, many market players use technical analysis in conjunction with fundamental analysis to determine their trading strategy.

One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments, whereas the fundamental analyst needs to know a particular market intimately. Fundamental analysis focuses on what ought to happen in a market. Factors involved in price analysis: Supply and demand, seasonal cycles, weather and government policy.

The fundamentalist studies the cause of market movement, while the technician studies the effect. Fundamental analysis is a macro or strategic assessment of where a currency should be trading based on any criteria but the movement of the currency's price itself. These criteria often include the economic condition of the country that the currency represents, monetary policy, and other "fundamental" elements.

Many profitable trades are made moments prior to or shortly after major economic announcements.

Technical Analysis Tools

Main technical analysis tools are described below:

Gann numbers:

W.D. Gann was a stock and a commodity trader working in the '50s who reputedly made over $50 million in the markets. He made his fortune using methods that he developed for trading instruments based on relationships between price movement and time, known as time/price equivalents. There is no easy explanation for Gann's methods, but in essence he used angles in charts to determine support and resistance areas and predict the times of future trend changes. He also used lines in charts to predict support and resistance areas.

Waves

Elliott wave theory: The Elliott wave theory is an approach to market analysis that is based on repetitive wave patterns and the Fibonacci number sequence. An ideal Elliott wave patterns shows a five-wave advance followed by a three-wave decline.

Gaps

Gaps are spaces left on the bar chart where no trading has taken place. An up gap is formed when the lowest price on a trading day is higher than the highest high of the previous day. A down gap is formed when the highest price of the day is lower than the lowest price of the prior day. An up gap is usually a sign of market strength, while a down gap is a sign of market weakness. A breakaway gap is a price gap that forms on the completion of an important price pattern. It usually signals the beginning of an important price move. A runaway gap is a price gap that usually occurs around the mid-point of an important market trend. For that reason, it is also called a measuring gap. An exhaustion gap is a price gap that occurs at the end of an important trend and signals that the trend is ending.

Trends

A trend refers to the direction of prices. Rising peaks and troughs constitute an up trend; falling peaks and troughs constitute a downtrend that determines the steepness of the current trend. The breaking of a trend line usually signals a trend reversal. Horizontal peaks and troughs characterize a trading range.

Moving averages are used to smooth price information in order to confirm trends and support and resistance levels. They are also useful in deciding on a trading strategy, particularly in futures trading or a market with a strong up or down trend.

Technical analysis for forex forecasting

Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and takes into account the price of instruments and the volume of trading, and creates charts from that data to use as the primary tool. One major advantage of technical analysis is that experienced analysts can follow many markets and market instruments simultaneously.

Technical analysis is built on three essential principles:

1. Market action discounts everything! This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. However, the pure technical analyst is only concerned with price movements, not with the reasons for any changes.

2. Prices move in trends Technical analysis is used to identify patterns of market behavior that have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. Also, there are recognized patterns that repeat themselves on a consistent basis.

3. History repeats itself Forex chart patterns have been recognized and categorized for over 100 years and the manner in which many patterns are repeated leads to the conclusion that human psychology changes little over time.

Forex charts are based on market action involving price. There are five categories in Forex technical analysis theory:

• Indicators (oscillators, e.g.: Relative Strength Index (RSI)
• Number theory (Fibonacci numbers, Gann numbers)
• Waves (Elliott wave theory)
• Gaps (high-low, open-closing)
• Trends (following moving average).

Technical Analysis Indicators

Major technical analysis indicators:

Relative Strength Index (RSI):

The RSI measures the ratio of up-moves to down-moves and normalizes the calculation so that the index is expressed in a range of 0-100. If the RSI is 70 or greater, then the instrument is assumed to be overbought (a situation in which prices have risen more than market expectations). An RSI of 30 or less is taken as a signal that the instrument may be oversold (a situation in which prices have fallen more than the market expectations).

Stochastic oscillator:

This is used to indicate overbought/oversold conditions on a scale of 0-100%. The indicator is based on the observation that in a strong up trend, period closing prices tend to concentrate in the higher part of the period's range. Conversely, as prices fall in a strong down trend, closing prices tend to be near to the extreme low of the period range. Stochastic calculations produce two lines, %K and %D that are used to indicate overbought/oversold areas of a chart. Divergence between the stochastic lines and the price action of the underlying instrument gives a powerful trading signal.

Moving Average Convergence Divergence (MACD):

This indicator involves plotting two momentum lines. The MACD line is the difference between two exponential moving averages and the signal or trigger line, which is an exponential moving average of the difference. If the MACD and trigger lines cross, then this is taken as a signal that a change in the trend is likely.

Forex forecasting

Basic Forex forecast methods:

Technical analysis and fundamental analysis

This article provides insight into the two major methods of analysis used to forecast the behavior of the Forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecast tools for the Forex trader. They have the same goal - to predict a price or movement. The technician studies the effect while the fundamentalist studies the cause of market movement. Many successful traders combine a mixture of both approaches for superior results.

http://www.easy-forex.com/en/Forex.forecast.aspx