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Copyright 2006 Jason P Bertrand

Foreign Exchange Market, or Forex as it is commonly called, is an international exchange market to buy and sell different currencies from around the world. An investor has the ability to buy and sell these currencies in order to create gains from small movements in the value of one currency over another. The Foreign Exchange Market or Forex is open from Monday at 0:00 GMT until Friday at 10:00 GMT. For this reason Forex traders are not limited to the general time constraints of the New York Stock Exchange or NASDAQ.

This versatility attracts many investors to become Forex traders. The liquidity of the Foreign Exchange Market is also very attractive for the Forex investor as trades range from 1 to 1.5 trillion dollars on a daily basis. These massive amounts of trades make it extremely difficult for any one trader to affect the market.

Foreign Exchange Trading is simply the purchase and sales of currency based on the strength of the currency and the fluctuation in the value of that currency. For example, if one were to invest $1,000 against the British pound at 1.49989 with a 1% margin and anticipate the exchange rate to climb. If that occurs and you close the exchange rate at 1.5050 you would earn roughly $400. Forex is giving you a 40% return on your investment.

Forex offers the possibility of huge profits in relatively short periods of time. The stock exchange is very different in that positions are generally maintained over a longer period of time. Although there are day traders, Forex traders have much shorter hold times on positions. Similar to the stock market marginal accounts can be obtained in the Foreign Exchange Market as well.

Forex marginal accounts are very engaging as they allow Forex traders to take large positions without having to make a large deposit. In many circumstances one can fund a marginal account with .05% the necessary funds. In other words, $500 would allow a $100,000 position. In order to trade Forex effectively and profitably, one must have some type of method to follow. There are two methods used in determining what Foreign Exchange trades one should make. There are two methods, fundamental Forex analysis, and technical Forex analysis.

Technical Forex Analysis is the most commonly used practice and uses the assumption that the changes that occur in the Foreign Exchange Market happened for a reason and are accurate. The belief is that if a currency has been trading towards a high then that currency will mostly continue towards that high with the adverse being true as well. The technical Forex view does not try to make long term predictions about the market but instead simply tries to take advantage of what has already been seen in the past.

The fundamental Forex method takes into account all aspects of the country in which the currency is traded. Things such as the economy, the countries prime interest rates, war, poverty level, and other factors are taken into account. If there is a sharp rise in the prime interest rate a Forex trader may take a position based on that information.

Online on the Foreign Exchange Market has the potential of being extremely lucrative. One can learn to trade by creating an online Forex Account and begin by using a learning account without real funds. This will help you to understand the process and how currencies are affected by different things that are happening on a global scale.

Article Source: http://www.upublish.info

About the Author:
Jason P Bertrand
Jason Bertrand is the President of JPB Financial Services, Inc., a Connecticut Corporation and member of the Better Business Bureau. He has over a decade of experience in the financial services industry and is a Notary Public in the State of Connecticut. Please visit the following sites: http://www.emortgageloanstore.com http://www.businessloansandleasing.com http://www.jpbfin.com http://www.toysvault.com Feel free to contact Mr. Bertrand with any questions or concerns through jbertrand@emortgageloanstore.com, or mail to: JPB Financial Services, Inc Attn: Jason P Bertrand PO Box 552 Vernon, CT 06066 860-982-5334




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EURUSD Daily Forecast: March 16
<html><p></p><p><strong>EURUSD Forecast:</strong><br /> The EURUSD failed to continue its bullish momentum yesterday, bottomed at 1.3640 and closed at 1.3674 after bad US TIC long term purchases number triggered risk aversion. This fact leads me to a no trading zone in nearest term as direction is unclear but the bullish reversal scenario triggered by the triple bottom formation should remain intact as long as price still move inside the bullish channel with technical bullish target at least at 1.3850. We will have ZEW economic sentiment and CPI number from the Euro zone which is expected to be the catalyst today. Good result should trigger further upside momentum and keep the bullish scenario intact while bad result should trigger significant bearish momentum and potential threat to the bullish outlook testing 1.3530 support area.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJ1c2Q0aGNoYXJ0MTEuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9545" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJ1c2Q0aGNoYXJ0MTEtMzAweDE5NC5qcGc=" alt="" width="300" height="194" /></a></p></html>
Daily Forecast for Crosses: March 16
<html><p></p><p><strong>EURJPY Forecast</strong><br /> The EURJPY failed to continue its bullish momentum yesterday, bottomed at 123.32 and closed at 123.72. The bias is bearish in nearest term but the bullish scenario should remain intact as long as price still move inside the bullish channel. A violation to the bearish channel and a break below 123.00 area should be seen as bullish failure and trigger further bearish momentum targeting 121.70 area. Immediate resistance at 124.20 area. Break above that area should trigger further upside momentum re-testing 125.15 area and keep the bullish scenario intact.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJqcHloNDExLmpwZw==" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9539" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJqcHloNDExLTMwMHgxOTQuanBn" alt="" width="300" height="194" /></a></p><p><strong>GBPJPY Forecast</strong><br /> The GBPJPY failed to continue its bullish momentum yesterday, bottomed at 135.80 and closed at 136.17. The bias is bearish in nearest term but as long as price move inside the bullish channel the bullish scenario remains intact. A violation to the bullish channel should be seen as bullish failure and could trigger further bearish scenario re-testing 132.50/00 area. Immediate resistance at 136.50 area. Break above that area could trigger further upside momentum testing 138.30 area and keep the bullish scenario intact.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnBqcHloNDEwLmpwZw==" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9540" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnBqcHloNDEwLTMwMHgxOTQuanBn" alt="" width="300" height="194" /></a></p><p><strong>AUDUSD Forecast</strong><br /> The AUDUSD attempted to push lower yesterday, bottomed at 0.9095 but closed higher at 0.9136. The bias is neutral in nearest term. The bearish correction scenario triggered by the double top formation remains intact but the major bullish outlook remains valid as long as price stay above the major trendline support (red) but we need a clear break above 0.9190 area to continue the bullish scenario targeting 0.9250 and 0.9326 area. Immediate support at 0.9100 followed by 0.9040.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9hdWR1c2RoNDguanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9541" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9hdWR1c2RoNDgtMzAweDE5My5qcGc=" alt="" width="300" height="193" /></a></p></html>
GBPUSD Daily Forecast: March 16
<html><p></p><p><strong>GBPUSD Forecast:</strong><br /> The GBPUSD failed to continue its bullish momentum yesterday, bottomed at 1.5019 and closed at 1.5049. This fact should keep the major bearish scenario intact especially if price break below 1.5000 - 1.4950 today targeting 1.4873 even 1.4779 area. Immediate resistance at 1.5120. Break above that area should trigger further upside momentum testing 1.5200/50 area and re-testing the upper line of the bearish channel.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnB1c2Q0aGNoYXJ0OS5qcGc=" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9536" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnB1c2Q0aGNoYXJ0OS0zMDB4MTk0LmpwZw==" alt="" width="300" height="194" /></a></p></html>
USDJPY Daily Forecast: March 16
<html><p></p><p><strong>USDJPY Forecast: </strong><br /> The USDJPY didn't make significant movement yesterday, but price fails to stay above 90.50 area indicating that bullish run starts to lose some momentum and at the same time the minor bullish channel has been violated to the upside indicating bullish failure. The bias is bearish in nearest term targeting 89.50 area. Another movement above 90.50 could lead us into no trading zone as direction would become unclear.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RqcHk0aGNoYXJ0MTEuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9533" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RqcHk0aGNoYXJ0MTEtMzAweDE5NC5qcGc=" alt="" width="300" height="194" /></a></p></html>
USDCHF Daily Forecast: March 16
<html><p></p><p><strong>USDCHF Forecast</strong><br /> The USDCHF failed to continue its bearish momentum yesterday but still manage to move below 1.0640 area. The bias is neutral in nearest term but the bearish correction scenario should remains intact with technical target at 1.0507. Another move above 1.0640 could be a serious threat to the bearish correction scenario testing 1.0720 even 1.0888 area.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RjaGY0aGNoYXJ0MTAuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9529" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RjaGY0aGNoYXJ0MTAtMzAweDE5Mi5qcGc=" alt="" width="300" height="192" /></a></p></html>
EUR/USD Daily Review 15 March 10
<html><p></p><p><strong>Simultaneous Release at <a href="http://www.thegeekknows.com/" target="_blank">www.thegeekknows.com</a></strong></p><p><span style="font-family: verdana">Good Monday Koalas!</span></p><p><span style="font-family: verdana">Blues getting to you? Kicking dirt into your eyes?</span></p><p><span style="font-family: verdana">Get angry you dont! Take a deep breath and face the challenge! Life goes on <img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1pbmNsdWRlcy9pbWFnZXMvc21pbGllcy9pY29uX3NtaWxlLmdpZg==" alt=":)" class="wp-smiley" /></span></p><p><span style="font-family: verdana">Yes, you know where this is going to. The EUR/USD is having a bluish Monday of it's own too. Let us take a look at the current price action.</span></p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovLzQuYnAuYmxvZ3Nwb3QuY29tL18zYWJ6ZDkwWmxQdy9TNTVMZl84WWxiSS9BQUFBQUFBQUJuYy9tam9JLTV0QnRRYy9zMTYwMC1oL2V1cnVzZC5KUEc=" target="_blank" rel="lightbox"><img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovLzQuYnAuYmxvZ3Nwb3QuY29tL18zYWJ6ZDkwWmxQdy9TNTVMZl84WWxiSS9BQUFBQUFBQUJuYy9tam9JLTV0QnRRYy9zNDAwL2V1cnVzZC5KUEc=" border="0" alt="" /></a></p><p><span style="font-family: verdana">After testing the strong line of 1.38 last Friday, the EUR/USD took a dive and is currently testing the 1.3680 support. Altogether now, " We love it when the koala's chart works." YES! Nothing beats shameless self praise on a Monday.</span></p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tL18zYWJ6ZDkwWmxQdy9TNTVNeGVYN2VZSS9BQUFBQUFBQUJuay9MMDVUR0dJVnp4WS9zMTYwMC1oL3NwNTAwLkpQRw==" target="_blank" rel="lightbox"><img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tL18zYWJ6ZDkwWmxQdy9TNTVNeGVYN2VZSS9BQUFBQUFBQUJuay9MMDVUR0dJVnp4WS9zNDAwL3NwNTAwLkpQRw==" border="0" alt="" /></a></p><p><span style="font-family: verdana">On a similar note, the S&amp;P 500 takes a break from a bullish ascend and is heading towards 1140.</span></p><p><span style="font-family: verdana">Oil drops to $77+. This may indicate that the anticipated recovery may not be here yet as <a href="http://www.thegeekknows.com/2009/12/oil-and-economy.html">oil can be a clue to the global economy's health</a>.</span></p><p><span style="font-family: verdana">Gold remains unaffected at around $1103+. Demand for gold may be holding it steady. As <a href="http://www.thegeekknows.com/2009/11/gold-timeless-currency.html">gold is an investment of choice when it comes to stormy financial weather</a>, risk aversion may be present.</span></p><p><span style="font-family: verdana">***</span></p><p><span style="font-family: verdana">The TIC Long-Term Purchases report came out much lower than expected today. This report measures the <span>difference between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners and hence it is an indication of foreign demand for US securities.</span></span></p><p>As the actual data is much lower than expected, <a href="http://www.thegeekknows.com/2009/09/risk-aversion-in-forex-market.html">risk aversion</a> may be happening as investors seek to make sense of this sharp drop of overseas demand for US securities. Two biggest holders of the US treasuries, China and Japan, reduced their holdings. This is contrary to the positive belief of the pace of recovery for the US economy.</p><p>Next up, investors are also concerned with regards to China and now India. These economy giants are sizzling with growth and investors fear of a curb of growth to contain inflation. Furthermore, it is greatly believe that these giants spur the global recovery on and hence any premature curb in growth may extinguish the fragile recovery.</p><p>A report i saw today gave me quite a bit to think about. Moody's Investors Service said that the US and UK are "substantially" closer to losing their AAA credit ratings. This is considering the fact that both nations are spending about 7 percent of the year's revenue on debt servicing. Keep a look out for this and remember you heard it first here at TheGeekKnows.com ( Unless you read the report yourself too <img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1pbmNsdWRlcy9pbWFnZXMvc21pbGllcy9pY29uX3JhenouZ2lm" alt=":P" class="wp-smiley" /> )</p><p><span style="font-family: verdana">Tomorrow brings us a number of economic releases including the important German ZEW Economic Sentiment and the US Building Permits. Be careful of unexpected spikes.</span></p><p><span style="font-family: verdana">Bullish relief may bring us to 1.3740/800.</span></p><p><span style="font-family: verdana">Further bearish developments may test the support of 1.3600/550.</span></p><p><span style="font-family: verdana">***</span></p><p><span style="font-family: verdana">Woah, a koala recently asked me" With all this articles that you are churning out, how can you manage time? How can you trade?" YES I CAN! When a "chore" is a passion, the meaning of chore disappears. I love writing articles and reviews for koalas. Every time when you send me an email or facebook message to say thanks, i am beaming with a smile <img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1pbmNsdWRlcy9pbWFnZXMvc21pbGllcy9pY29uX3NtaWxlLmdpZg==" alt=":)" class="wp-smiley" /></span></p><p><span style="font-family: verdana">Surely the time must have came from somewhere right? Yap indeed. My issues with Ms Sleep are getting worst. We only spent 4 hours yesterday together. </span></p><p><span style="font-family: verdana">Gtg! Trade Safely <img src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1pbmNsdWRlcy9pbWFnZXMvc21pbGllcy9pY29uX3NtaWxlLmdpZg==" alt=":)" class="wp-smiley" /> ( Remember ! <a href="http://www.facebook.com/pages/TheGeekKnowscom/358877468226" target="_blank">Add me on facebooook</a> !! )</span></p><p><strong>Read more Forex Articles and Views by The Koala at <a href="http://www.thegeekknows.com/" target="_blank">www.thegeekknows.com</a></strong></p></html>
EURUSD Daily Forecast: March 15
<html><p></p><p><strong>EURUSD Forecast:</strong><br /> The EURUSD had a significant technical movement on Friday by break above the major bearish channel, confirms the bullish reversal scenario after formed triple bottom formation around 1.3450/35 area. While technical outlook is bullish in nearest term targeting 1.3850 before aim for 1.4025/50 region, on fundamental side Euro is supported by rising risk appetite but note that the we have not seen convincing solution on Greek debt crisis so actually the fundamental foundation for Euro bullishness remains fragile and any negative news from the Euro zone or the US could weigh on the Euro and be a potential threat to the technical bullish view as risk aversion could increase and give advantage to the Dollar. Immediate support at 1.3700. Break below that area should be seen as a serious threat to the bullish scenario testing 1.3550/30 area.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJ1c2Q0aGNoYXJ0MTAuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9525" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJ1c2Q0aGNoYXJ0MTAtMzAweDE5My5qcGc=" alt="" width="300" height="193" /></a></p></html>
Daily Forecast for Crosses: March 15
<html><p></p><p><strong>EURJPY Forecast</strong><br /> The EURJPY attempted to push higher on Friday, topped at 125.19 but closed lower at 124.47. The bullish scenario after touched the double bottom around 119.70 area remains intact but we need a consistent move above 125.15 resistance area to continue further bullish momentum targeting 126.90 area. The bias is neutral in nearest term. Immediate support at 124.00. Break below that area could trigger further bearish momentum targeting 123.00.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJqcHloNDEwLmpwZw==" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9520" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9ldXJqcHloNDEwLTMwMHgxOTMuanBn" alt="" width="300" height="193" /></a></p><p><strong>GBPJPY Forecast</strong><br /> The GBPJPY had a moderate bullish momentum on Friday. On h4 chart below we can see that price is moving inside a bullish channel after bottomed at 132.00/50 area indicating bullish correction phase but still in the context of a major bearish scenario.  The bias is neutral in nearest term but bullish correction scenario at least targeting 138.30 area remains intact. Break above that area should trigger further bullish momentum targeting 141.40 area. Immediate support at 137.00 followed by 136.10.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnBqcHloNDkuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9521" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnBqcHloNDktMzAweDE5NC5qcGc=" alt="" width="300" height="194" /></a></p><p><strong>AUDUSD Forecast</strong><br /> The AUDUSD made another indecisive movement on Friday, made another Doji on daily chart. On h1 chart below we have a double top formation after bullish rally from 0.8982 area indicating potential downside reversal scenario as bullish momentum wanes. The bias is bearish in nearest term targeting 0.9040 area but the major bullish scenario remains intact so I still prefer a bullish scenario with buy on dips strategy. Initial resistance at 0.9138 (double top). Break above that area should trigger further bullish momentum targeting 0.9250 and 0.9326 region.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9hdWR1c2Rob3VybHkyLmpwZw==" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9522" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9hdWR1c2Rob3VybHkyLTMwMHgxOTQuanBn" alt="" width="300" height="194" /></a></p></html>
GBPUSD Daily Forecast: March 15
<html><p></p><p><strong>GBPUSD Forecast:</strong><br /> The GBPUSD continued its bullish momentum on Friday, topped at 1.5216 and closed at 1.5183. On h4 chart below we can see that the pair is in critical technical phase as price is ready to test the upper line of the bearish channel. The bias is bullish in nearest term but note that only break above the upper line of the bearish channel could be seen as bearish failure and a news bullish phase. As long as price still move inside the bearish channel, the major bearish scenario remains intact. Immediate support at 1.5120. Break below that area should trigger further bearish momentum testing 1.5000/50 area and keep the major bearish scenario intact. Initial resistance at 1.5250. Consistent move above that area could be seen as bearish failure with technical bullish target seen at 1.5350 even 1.5530 region.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnB1c2Q0aGNoYXJ0OC5qcGc=" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9516" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy9nYnB1c2Q0aGNoYXJ0OC0zMDB4MTk1LmpwZw==" alt="" width="300" height="195" /></a></p></html>
USDJPY Daily Forecast: March 15
<html><p></p><p><strong>USDJPY Forecast: </strong><br /> The USDJPY made another indecisive movement on Friday, made another Doji on daily chart. The bias remains neutral in nearest term. The bullish correction scenario testing 91.50 remains intact but we know that price is not really able to stay consistently above 90.50 last week indicating limited bullish. Another movement back below 90.50 could diminish the bullish correction momentum testing 89.50 area.</p><p><a href="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RqcHk0aGNoYXJ0MTAuanBn" target="_blank" rel="lightbox"><img class="alignnone size-medium wp-image-9512" src="http://fxopen.com/services/ImageProxy.ashx?request=aHR0cDovL2Jsb2cuZnhpbnN0cnVjdG9yLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxMC8wMy91c2RqcHk0aGNoYXJ0MTAtMzAweDE5NC5qcGc=" alt="" width="300" height="194" /></a></p></html>