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Forex Market General Overview
The Forex market general overview includes discussion and analysis of the economic prospects of a single country's currency.Technical
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European Session 19/11/2007
By: AKforex - 19-11-2007
0votesA) CALENDAR
-GMT 09:15 EU ECB\'s Tumpel-Gugerell Speaks at Sepa Summit in Frankfurt
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4750 111.35 2.0650
R2 1.4730 111.05 2.0605
R1 1.4695 110.70 2.0580
S1 1.4640 110.30 2.0500
S2 1.4615 110.05 2.0475
S3 1.4600 109.75 2.0450
C) WATCH
-Interest Rates
D) TRADING TIPS
CANDLESTICKS CONTINUATION PATTERNS
Rising and Falling Three methods. The first day of the Rising Three methods pattern is a long white day which fully supports the uptrending market. However, over the course of the next three trading periods, small body days occur which, as a group, trend downward. They all remain within the range of the first day\'s long white body and at least two of these three small-bodied days have black bodies. This period of time when the market appears to have gone nowhere is considered by the Japanese as a "period of rest". On the fifth day of this pattern, another long white day develops which closes at a new high. Prices have finally broken out of the short trading range and the uptrend will continue. A five day pattern such as the Rising Three Methods requires a lot of detail in its definition. The above scenario is the perfect example of the Rising Three Methods.
Next Analysis: Stocks lower due to concern US economic outlookContent Provided by:
AKforex
AKforex offers online forex trading as an Introducing Broker for Royal Division of IKON GM.The Royal Division is part of IKON GLOBAL MARKETS, Inc. a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC) as a Forex Dealer Member/Futures
DISCLAIMER:
While AKFOREX attempts to ensure the accuracy of these data by using sources it believes to be reliable, release dates, times, items included and content are frequently subject to change, error and ommissions. These data shall not be construed as a recommendation to buy or sell any security. AKFOREX shall not assume any legal liability or responsibility for any incorrect, misleading or altered information contained herein.
Our trading platform provides sophisticated order entry and tracking of orders. All stop-loss, limit and entry orders are guaranteed against slippage except in extraordinary volatile market conditions. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with currency trading.
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