Thursday, September 30, 2010

Market Report for Sept 30th 2010 | Foretrade Market Snapshot

Market Report for Sept 30th 2010 | Foretrade Market Snapshot

Tuesday, September 28, 2010

Market Report for Sept 28th 2010 | Foretrade Market Snapshot

Market Report for Sept 28th 2010 | Foretrade Market Snapshot

Tuesday, September 21, 2010

Market Report for Sep 21st 2010 | Foretrade Market Snapshot

Wednesday, September 15, 2010

Market Report for Sep 15th 2010 | Foretrade Market Snapshot



Short report again today:
TF indeed reached low 650s as anticipated and is now congesting in high 640s. (2H-) are indeed showing signs of stalling while (4H) indicates some residual energy to go test mid 650s again. (D) has now dissipated all bearish inclinations, so should also aim at 656, or even back to daily range highs (July). No change in the weekly outlook which despite the latest signs of optimism still points for continued bearish congestion, which will certainly be confirmed if daily range highs (~670) do indeed resist.
EURUSD favoured the more aggressive ones yesterday as we had a conservative targer around 1.294 which did not in the least stop buyers' appetite. The price point (or even 1.29) may have to be tested for support today, yet it is likely that we will see the USD lose further ground by the end of the week. The more Euro-bullish could even aim towards 1.31 next week. We do not share such optimism though yet at this point in time. at least until a firmer support is confirmed to let buyers charge ahead again.

( Posted 5:45 AM UK )
On account of meetings / traveling, there will be no Twitter updated today. Back to normal tomorrow Thursday 16th

Tuesday, September 14, 2010

Market Report for Sep 14th 2010 | Foretrade Market Snapshot

http://www.foretrade.com/blog/reportd/market-report-for-sept-14th-2010/

Short report on TF and EURUSD on account of traveling:

The market got a bit of a boost over the weekend with a bit of follow-through yesterday, testing the key 625-628 area again to now test a relatively minor Fib level. It indeed passed our 640 target to high 640s and should now aim for daily range highs. We however still have no indication of a recovery on (D+/W) time frames, so it is likely to remain range bound on the daily chart. The weekly chart shows less of a bearish congestion tone to now almost neutral. (4H-) is however bullish so the low to mid 650s should be reached today where a stall is anticipated.
EURUSD broke the 1.279 resistance and is also bullish short term. It should therefore reach low 1.29s (4H+) where major resistance is expected. A breakout is always possible even though it is not visible yet. The market is now more accepting the recent lows than actually giving us higher target. The more aggressive buyers will place a target around 1.296 for now, but a stall on low 1.29s is to be expected first.

( Posted 6:30 AM UK)
No Twitter updates today on account of meetings.

Friday, September 10, 2010

Twitter

As you may have noticed, daily reports are now posted on the ForeTrade Blog, mostly using (2H+) time frames. When market action warrants it, (2H-) updates are now also provided on Twitter.
The main web site is being rebuilt exclusively around this trading technique (TradeStation) and will be online later this month. For the time being our technical blog is the best source of information on our TradeStation tool set.

Market Report for Sept 10th 2010 | Foretrade Market Snapshot

Market Report for Sept 10th 2010 | Foretrade Market Snapshot

Wednesday, September 08, 2010

Thursday, September 02, 2010