Forexpros.com Daily Analysis - 20/04/2011

By @ibtimes on

ForexPros Daily Analysis April 20, 2011

Free webinar on ForexPros - Fibonacci... Easy as ABCD

Expert: Andrei Knight

Start: Wed, Apr 27, 2011, 08:00 PST
End: Wed, Apr 27, 2011, 09:00 PST

Fibonacci need not be difficult!  Learn a simple ABCD pattern, which can easily be used to trade news spikes, long-term positions lasting several months, and just about everything in between.  Join leading fund manager and trading coach Andrei Knight for this exciting instructional webinar which will transform the way you look at charts and help you achieve better trading results.

Mr. Knight is the author of Trading Forex for a Living from Harriman House, as well as FXStreet's forth-coming DVD Fibonacci: Unlocking the Market Code.

Click here to join free

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Good morning everyone. Yesterday the market ended up getting back into the trend in full motion. The US Dollar is expected to continue to weaken today with some retracements on the way. There are no hedged pairs today.

Currency Outlook

US Dollar : Weak

Short : USDCHF, USDCAD
Long : EURUSD, GBPUSD, AUDUSD, NZDUSD, EURJPY

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Forex Trading Analysis written by Navin Prithyani for ForexPros. For more information about forex news visit ForexPros.

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