ForexPros Daily Analysis April 27, 2011


Today: 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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Dollar Index fell into a new low as expected, after the market made only small, three wave recovery up to a trend line region, which reacted as a very good resistance. An updated count now suggests that a decline from 74.53 is a final leg of an impulsive structure from 76.08, so we really should not be surprised if dollar finds some buyers in sessions and days ahead.

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Forex Trading Analysis written by Gregor Horvat for ForexPros. For more information about technical analysis visit ForexPros.

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New on Forexpros, the Forex Volatility Calculator!

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