When you are serious about working at home or perhaps would like to replace your job with one where you can test your intelligence and expose your talents, the best option is Forex trading. This one is the best option where you can generate good income without many investments. Foreign exchange is one of the only areas where there is no need to invest a lot of money, even if you do it may not matter as much because you will start to generate income from the very first day. By this reason everybody is currently awaiting the simplest Forex education that can help them get practical experience and information about how you'll want to go the next day.

Although there are many Forex software and coaching books available on the internet, you need to be extremely careful the method that you decide on. Many Forex training guides do not provide the right basic information. So, you find yourself wasting precious cash for information that could be obtained free of charge on the Internet. The ideal thing you should know about Forex trading is market movement. As it is really important when you're dealing with market trading.

There are many signal providers that provide the information you need, since Forex is more speculating. Signal providers are something that will be necessary in the future. Some kind of assistance that can tell you the market trends in the next hour or day. Although, not all Forex trading signals work correctly, but you can choose the best Forex software signal based on past results and how fast signals are provided to you. Some Forex software signals are intended for professionals to share and can provide signals instantly. This is the full advantage of the program.

The best way to succeed in the market is through proper training and the use of best Forex system software. You can use the suggestions provided to you in preparation, but do not forget to use your visionary skills. While solutions are deducted based on calculations. Do not go blind always follow advice from professionals. Because the situation is never the same on the global financial markets and advice that can be provided may soon become obsolete. If you want to be a successful Forex trader you need a delicate balance between skills and training signals provided by the software.

There several ways you can make profit with Forex trading. There are always two options using a broker or using trading software. But what if you can earn more profit and faster. I can tell you using the second option is the right one.

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Article Source: http://EzineArticles.com/?expert=Manuel_Gabriel

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Forex Trading Signal Week #14 2011

1) Forex Trading Signal For EURUSD
Forex Trend Analysis

• Weekly Chart: Mix

• Daily Chart: Strong Bullish

• 4 Hourly Chart: Strong Bullish

• Hourly Chart: Strong Bullish

As a whole, the trend for this pair is pretty strong and is upward.
Forex Technical Analysis
Daily Chart
The MACD divergence that I have talked about last week is being invalidated this week as the MACD has made a higher high.
4 Hourly Chart
On this chart, you can see the formation of a head and shoulder pattern which is a reversal candlestick pattern. In addition, there is a MACD negative divergence forming on this chart as well.
Overall Forex Analysis
Although the MACD negative divergence is being invalidated, you should not have entered any trade yet as the price did not break below the major support and this is exactly what we should do as a discipline trader.
However the formation of a head and shoulder pattern is a sign of reversal and it is in confluence with the MACD negative divergence. However there is a neckline for this head and shoulder pattern which is at 1.43807. If the price manages to break below the level, you can go SHORT. The best entry will be for the price to break below it and then come back to retest the level.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis

• Weekly Chart: Strong Bearish

• Daily Chart: Mix

• 4 Hourly Chart: Weak Bullish

• Hourly Chart: Weak Bearish

As a whole, the trend for this pair is DOWN.
Forex Technical Analysis
4 Hourly Chart
The price is now approaching a major support which is the 200 EMA.
Hourly Chart
The price is currently moving within a trend channel and is also approaching its support.
Overall Forex Analysis
I will look to go SHORT for this pair but I will be cautious as the price is moving towards a major support.

1) Forex Trading Signal For EURUSD
Forex Trend Analysis

• Weekly Chart: Mix

• Daily Chart: Strong Bullish

• 4 Hourly Chart: Strong Bullish

• Hourly Chart: Strong Bullish

As a whole, the overall trend for EURUSD is up for the week.
Forex Technical Analysis
4 Hour Chart
If you have read my previous analysis on this pair, you will have notice the formation of the 123 reversal pattern. I said that I will go SHORT if the price manages to break below the neckline of the pattern. However the price hit the level and indeed attempt to break below for six consecutive times without success.
After the sixth attempt, the price moves up and then came back down to test the same level for another 5 times below moving up again.
Daily Chart
The price is moving up towards the next major resistance at 1.44839. The MACD negative divergence still holds as the price is making a higher high but the MACD did not manage to create a higher high.
Overall Forex Analysis
The trend for this pair remains strong but the MACD negative divergence did not get invalidated and therefore I will not look to go long. I will look to go SHORT when the price hit the major resistance but I shall be looking for other confluence like the reversal candlestick pattern.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis

• Weekly Chart: Strong Bearish

• Daily Chart: Weak Bearish

• 4 Hourly Chart: Weak Bullish

• Hourly Chart: Strong Bullish

As a whole, the trend is mix for this week but I will look to go SHORT as the higher time frame shows sign of strong bearish
Forex Technical Analysis
Hourly Chart
The price is currently moving within a trend channel which is a sign of pressure relieve after a big up move.
Overall Forex Analysis
I will wait for the price to break the channel before I decided which direction to go.

The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)

EUR/USD


It is more likely to go up to around 1.31 or 1.3160, and after that, it might have potentially to go down to around 1.3070 or lower.
(Current Price: 1.3080)

GBP/USD

It is more likely to go up to around 1.58, and after that, it might have potentially to go down to around 1.57.
(Current Price: 1.5757)

AUD/USD

It is more likely to go up to around 1.0, and after that, it might have potentially to go down to around 0.9970.
(Current Price: 0.9937)

This week is really hard to predict, and market is more likely to move zig zag and unpredictable.


EUR/USD

May be still want to go up to around 1.30 or 1.3050, and after that, it might have potentially to go down to around 1.2950.

(Current Price: 1.2975)

GBP/USD

May be it is more likely to go up to around 1.5650 or higher, and after that, it might have potentially to go down to around 1.5570 or lower.

(Current Price: 1.5602)

AUD/USD

No Comment

USD/JPY

No Comment

USD/CHF

No Comment

Beware of Non Farm Payroll news, because market would depends on that report.


Forex Analysis and Trading: Effective Top-Down Strategies Combining Fundamental, Position, and Technical Analyses (Bloomberg Financial)






EUR/USD

It is more likely to go down to below 1.30 or may be 1.2950, and after that, it might have potentially to go up to around 1.3050 or higher.

(Current Price: 1.3019)

GBP/USD

It is more likely to go down to around 1.5430 or lower than 1.54, and after that, it might have potentially to go up to around 1.55.

(Current Price: 1.5489)

AUD/USD

It is more likely to go down to around 0.9920 or lower, and after that, it might have potentially to go up to around 1.0

(Current Price: 0.9953)

USD/JPY

It is more likely to go up to around 83.50 or higher than 83.70, and after that, it might have potentially to go down to around 83.

(Current Price: 83.10)

USD/CHF

It is more likely to go up to around 0.97, and after that, it might have potentially to go down to around 0.9640.

(Current Price: 0.9647)


Forex Analysis and Trading: Effective Top-Down Strategies Combining Fundamental, Position, and Technical Analyses