Christmas and New Year Holiday

To all members and all my blog readers,

due to the upcoming Christmas and New Year Holidays we would like to inform you about our market open times.

Christmas holidays from December 24th 2007 15:00 GMT(Kuala Lumpur: 23.00) - till December 26th 2007 05:00 GMT(Kuala Lumpur: 13.00).
New Year celebration holidays - from December 31th 2007 15:00 GMT(Kuala Lumpur: 23.00) till January 2nd 2008 05:00 GMT(Kuala Lumpur: 13.00).

FXcast and Indo Forex Info sends you all the best wishes for a Merry Christmas and a Happy New Year. We hope you will be trading successfully and be satisfied with our service and support in 2008.

Your FXcast Team & Indo Forex Info

FXcast
support@fxcast.com

jamesforex.

FXcast
FXcast

Tuesday, November 27, 2007

Forex Brokers (ECN Forex Broker vs. BucketShop Forex Broker)

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Steve Nison Japanese Candlestick preview

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From Grace Cheng Blog!

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Bloomberg.com: Currencies

Australian Dollar Falls; U.S. Stocks Drop on Subprime Concerns
Bloomberg.com: Currencies

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Bloomberg.com: Currencies

New Zealand Dollar Falls as Credit Woes Spur Carry Trade Exit
Bloomberg.com: Currencies

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Bloomberg.com: Currencies

Trichet, Juncker to Press China on Faster Appreciation of Yuan
Bloomberg.com: Currencies

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Bloomberg.com: Currencies

Yen May Extend Advance From Two-Year High Amid Credit Concerns
Bloomberg.com: Currencies

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Monday, November 26, 2007

Today Technical Chart Analysis!

USDJPY

Last Week High - 111.05. Low - 107.54. Close - 108.32.
This Week Pivot Point
3rd Resistance = 113.91. 2nd Resistance = 112.48. 1st Resistance = 110.40.
Pivot = 108.97.
3rd Support = 103.38. 2nd Support = 105.46. 1st Support = 106.89.

Last High - 108.61. Low - 107.54. Close - 108.32.
Today Pivot Point
3rd Resistance = 109.84. 2nd Resistance = 109.22. 1st Resistance = 108.77.
Pivot = 108.15.
3rd Support = 106.63. 2nd Support = 107.08. 1st Support = 107.70.

Daily Chart

4 hours Chart


Last Friday a long spike at the bottom; it is a Hammer Pattern. A Bullish Reversal Trend. Currently had been reached today Resistance 1 at 108.77. Today we may see the Yen may continue look target Resistance 2 at 109.22.
Strategy
Buy 108.50/60 Profit Target at 109.22, or further to 109.50 or Resistance 3 at 109.84. Stop well below 108.00.

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Posted by IndoFX at 7:26:00 AM 0 comments

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Sunday, November 25, 2007

Weekly Technical Chart Analysis!

EURUSD
Last Week Open - 1.4659. High - 1.4964. Low - 1.4622. Close - 1.4822.

This Week Pivot Point -
Classic Formula

  • Resistance 3 = 1.5326.
  • Resistance 2 = 1.5145.
  • Resistance 1 = 1.4984.
  • Pivot Point = 1.4803.
  • Support 1 = 1.4642.
  • Support 2 = 1.4461.
  • Support 3 = 1.4300.
Woodie Pivot Points
  • Resistance 2 = 1.5150.
  • Resistance 1 = 1.4994.
  • Pivot Point = 1.4808.
  • Support 1 = 1.4652.
  • Support 2 = 1.4466.
Camanilla Pivot Points
  • Resistance 4 = 1.5010.
  • Resistance 3 = 1.4916.
  • Resistance 2 = 1.4885.
  • Resistance 1 = 1.4791.
  • Support 1 = 1.4791.
  • Support 2 = 1.4759.
  • Support 3 = 1.4728.
  • Support 4 = 1.4634.
Tom DeMark Pivot Points
  • New High = 1.5064.
  • X = 5.9372.
  • New Low = 1.4722.

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Bloomberg.com: Worldwide

Home Sales May Drop, Durable Orders Stall: U.S. Economy Preview
Bloomberg.com: Worldwide

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Friday, November 23, 2007

Today Market Outlook

Important Economic Calendar - Forex Factory.

Today Japan Market Holiday.
UK
4.30 pm - GDP(q/q)(r).
Forecast = 0.8%. Previous = 0.8%.

Technical Chart Analysis.

GBPUSD
Last Open = 2.0689. High = 2.0588. Close = 2.0625.
3rd Resistance = 2.0781.
2nd Resistance = 2.0735.
1st Resistance = 2.0680.
Pivot = 2.0634.
1st Support = 2.0579.
2nd Support = 2.0533.
3rd Support = 2.0478.

Strategy
Yesterday Cable as my expected move between the Trendline Resistance and Support. Today it is time to breakout to High or Low.

Option 1 - Sell below Pivot with Profit Target 2.0580 or 2.0480. Stop below 30 pips.
Option 2 - Buy above Pivot with Profit Target 2.0680 or 2.0780. Stop below 30 pips.

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Posted by Anonymous at 5:54:00 AM 0 comments

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Thursday, November 22, 2007

Today Market Outlook

Note: Today US market Holiday for the Thanksgiving Days.
Important Economic Calendar - Forex Factory.
Europe
2.00 pm - German GDP(q/q)
Forecast = 0.7%. Previous = 0.3%.
4.00 pm - Current Account.
Forecast = 4.0B. Previous = 3.8B.
5.00 pm - Industrial New Order(m/m).
Forecast = -0.7%. Previous = 0.3%.
Swiss
3.15 pm - Employment Level.
Forecast = -. Previous = 3.74M.
UK
4.30 pm - Business Investment(q/q).
Forecast = 1.0%. Previous = 0.4%.

Technical Analysis
GBPUSD
Last High = 2.0697. Low = 2.0520. Close = 2.0628.
3rd Resistance = 2.0876.
2nd Resistance = 2.0786.
1st Resistance = 2.0707.
Pivot = 2.0617.
1st Support = 2.0538.
2nd Support = 2.0448.
3rd Support = 2.0369.

Cable may tight range between the Trendline Resistance(around 2.0670) and Trendline(2.0560) Support.
Option 1 sell around 2.0670 with profit target around 2.0580 or
Option 2 buy around 2.0570 with profit target around 2.0660. Stop below 30pips.
Option 3, if break above 2.0710 may target 2.0780.
Option 4, if break below 2.0500 target 2.0380.

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Wednesday, November 21, 2007

Bloomberg.com: Currencies

Dollar May Extend Loss Versus Euro on Rate-Cut Speculation
Bloomberg.com: Currencies

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Bloomberg.com: Worldwide

Fed Pares Growth Forecast, Calls October Cut `Close'
Bloomberg.com: Worldwide

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Today Market Outlook

Important Economic Calendar - Forex Factory.

UK
4.30 pm - MPC Meeting Minutes.
Forecast = 7 - 2. Previous = 8 - 1.

US
8.30 pm - Unemployment Claims.
Forecast = 330K. Previous = 339K.
10.00 pm - Consumer Sentiment.
Forecast = 75. Previous = 75.

Technical Analysis

GBPUSD
Last High = 2.0680. Low = 2.0455. Close = 2.0662.
Today Pivot Point
3rd Resistance = 2.0968.
2nd Resistance = 2.0824.
1st Resistance = 2.0743.
Pivot = 2.0599.
1st Support = 2.0518.
2nd Support = 2.0374.
3rd Support = 2.0293.

Strategy
Sell below today Pivot around 2.0590 with target 2.0520. Stop above 2.0620. Or Buy around 2.0610 with profit target around 2.0740 stop below 2.0590.

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Posted by Anonymous at 6:03:00 AM 0 comments

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Monday, November 19, 2007

Today Market Outlook

Technical Chart Analysis.

EURUSD

Last Week High = 1.4726. Low = 1.4518. Close = 1.4657.
This Week Pivot Point
3rd Resistance = 1.4957.
2nd Resistance = 1.4841.
1st Resistance = 1.4749.
Pivot = 1.4633.
1st Support = 1.4541.
2nd Support = 1.4425.
3rd Support = 1.4333.

Last High = 1.4675. Low = 1.4581. Close = 1.4657.
Today Pivot Point
3rd Resistance = 1.4788.
2nd Resistance = 1.4731.
1st Resistance = 1.4694.
Pivot = 1.4637.
1st Support = 1.4600.
2nd Support = 1.4543.
3rd Support = 1.4506.



Strategy
Option 1 - Sell around 1.4680 with Profit Target around 1.4640 or 1.4600. Stop above 1.4700.
Option 2 - Buy above 1.4700 with Profit Target around 1.4760 or 1.4850. Stop below 1.4660.
For Details please email me here.

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Posted by Anonymous at 4:55:00 AM 0 comments

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YouTube - Broadcast Yourself.

forexbastardsdotcom - watch this video to trade FX market.
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Sunday, November 18, 2007

Bloomberg.com: Worldwide

G-20 Calls on Asia For More Currency Flexibility (Update2)
Bloomberg.com: Worldwide

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Posted by Anonymous at 8:17:00 PM 0 comments

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Legal Disclaimer and risk disclosure.

The forex forecast and advices generated are based on my trading analysis and are given for the traders to use as additional inputs in their decision-making and trading and I should not be held responsible for any loss incurred by the subscriber. The traders are advised to understand all the risk involved in forex trading and take decisions accordingly.Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.