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Forex Blog Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

forex trading (2)

Just a quick note on something to consider - the 62 EMA.  Take a look at it on an hourly chart (or 4-hour), and see how many times the popular 50 MA gets overrun but price stops dead on the 62 EMA.

What a weird number, huh?  I can't even recall who pointed this out to me (but then, I drink a lot), but I've had it plotted on nearly all my charts ever since.

Have a fun, profitable day.

Love always,
Jack

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Against what should have been a favorable background for European assets and hence EUR, it’s particularly notable that EUR/USD is opening in Europe below 1.3500 for the first time since 3 Feb (and even that was only one day; the last time it was down here for any sustained period of time was last November). The weakness seems to be caused by the view that European growth has stalled and with the ECB on hold, the only thing that can rescue Europe is a weaker euro. For example, even while the IMF declaring that Spain has “turned the corner,” the country’s exports are falling and the trade deficit is widening out again, endangering the recovery. We will know more tomorrow when the preliminary PMIs for July are released. The Eurozone PMIs are forecast to be only a touch weaker, so there seems to me to be plenty of room for disappointment. Meanwhile, the technical picture for EUR/USD is also negative . This could be the break we…

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