Premium Webinar - Sharpening Your Edge: Recognizing the Candlestick Patterns

Expert: Andrei Pehar
Date: Thu, Sep 17, 2009, 11:00 EST

Learn to predict where price is likely headed next using the only 6 candlestick patterns you ever need to know.  No more need to memorize dozens of patterns or go through stacks of books - just about every other formation you'll run across in your trading is a variation of these basic 6, and once you know them you'll be able to recognize the early warning signs of both continuations and reversals.
Join leading fund manager and trading coach Andrei Pehar for this next exciting installment of the Sharpening Your Edge series.

Click here to join the webinar.

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Euro Dollar

Current movement is maintained within the larger range.  A rise above 1.4370 will target 1.4400.  A move above could reach 1.4540, but resistance is likely 1.4440-1.4450.

Support is above 1.4300 with a break below likely to test 1.4260.  Further support is 1.4220-1.4200.
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USD/JPY

Resistance is 93.20-93.30.  A break above indicates a move to 93.70.  A false breakout will likely result in further USD weakness.  Weakness is indicated by a drop below 92.80 and would be confirmed by a drop below 92.50.
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Forex trading analysis by Forexpros - Written by Cory Mitchell
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Disclaimer
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.