Forex Trading Strategies

Index Recommended Levels

by Nikolajs Serikovs (FXtechtrade) | Thu, Sep 9 2010, 00:48 GMT

Dow Jones : Resistance ( daily close ) : 9382.12, 9744.26, 10 091.30, 10 935.23 , 11 164.57, 344.92 and 11 520.30. Then 11 749.22, 11 970.00, 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Break of the latter will lead to 13 567.60, 13 668.74 and 13 792.53 ( published on October 21, 2008). Support ( daily close ): 9630.33 and 9358.35(main), 9090.00, 8912.62 ( published on November 10, 2009) . Today’s support: - 10325.73 and 103 06.00 (main), where a delay and correction may happen.

The best pair to trade now

AUD/USD: Waiting for employment data

by Valeria Bednarik (FXstreet.com Independent Analyst Team) | Wed, Sep 8 2010, 23:48 GMT

Market is quiet early Asia, with major mostly consolidating recent rallies. Australian employment data to be release in an hour, could bring however, some good volatility to the market: AUD/USD holds a bullish tone despite losing momentum consolidating around 0.9180 price zone. An acceleration above 0.9200 following better than expected data, should trigger a continuation rally towards the 0.9240 zone, ahead of stronger 0.9270 resistance area. On contrary, disappointing data and falling stocks

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