Welcome
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 FOREX (FOReign EXchange market) is an international foreign exchange market,
where money is sold and bought freely. In its present condition FOREX was
launched in the 1970s, when free exchange rates were introduced, and only the
participants of the market determine the price of one currency against the other
proceeding from supply and demand.
As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
  
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Technical Analysis Reports (UPDATED) |
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Currency Majors Technical Perspective
EUR/USD Current price: 1.3955 Exhausted to the downside after reaching 1.3920, pair is attempting an upside correction in Asia, despite Nikkei open around 150 points to the downside, following American tone. Capped by 1.3965, upside seems limited as bigger time frames are giving bearish continuation signals. Support levels: 1.3920...
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NZDUSD looking to target below 0.6200
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Comprehensive FX and Futures Daily Research
EUR/USD Reverses from our 3rd Tier Downtrend Line The EUR/USD is losing yesterday?s positive momentum after employment data from both the EU and U.S. showed rising unemployment continues to be a thorn in the side of the economic recovery. The EU?s unemployment rate came in at 9.5%, two basis points...
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Chart of the Day ? AUD/USD
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; Fibonacci retracements in grey; 50-period simple moving average in light blue.) 7/02/2009 ? AUD/USD ? Dollar-strengthening price action on AUD/USD, a...
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What's Next for Gold
Gold is ending the week at a key support level. If 929.39 continues to hold, we could see a rally week which takes us first to 958.60, and if that breaks possibly to re-test January?s high of 1005.98 If the 929.39 level is broken, we could see prices drop...
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Currency Majors Technical Perspective
EUR/USD Current price: 1.4054 Bearish in the hourly, pair is holding above 1.4040 static support zone, ahead of 1.4000 psychological level. With indicators suggesting more downside pressure, expect the rally to accelerate under that level. 4 hours indicators support the perspective also. Support levels: 1.4040 1.4000 1.3960 Resistance levels: 1.4090...
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Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,4073. The price is just above 1,4050 support. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD....
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FX Thoughts for the Day
USD-CHF @ 1.0838/42...May move up towards 1.10 R: 1.0849-53 / 1.0882 / 1.1025 S: 1.0788 / 1.0700-0686 / 1.0554 Dollar-Swiss is testing the Resistance region mentioned in the morning. If successful, it could move up towards 1.10 during the US session or by the end of the week. If it...
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e-CURRENCY EXCHANGE
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