8 Forex Technical Analysis trading -EUR-GBP & Cross rates.avi

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As most of you have noticed by now that almost all our videos are based on our market view analysis that we provide on our website and blogspot at the opening week. These videos confirms relatively the outlook whether our analysis are effectively delivered correctly or we are just simply wrong.

With that said, this presentation delivers our market outlook for the Euro, Pound and the cross-rate by using at least a minimum of 8-9 technical analysis combined with fundamental factors affecting the market. Especially how these currency pairs would fair out during the week towards the end of the month and the opening of the new month of December.

By utilizing the 3 combination of the Fibonacci trading principles plus the rest of the technical tools of the trade we can determine that the EURGBP cross rates has held its support price levels of 0.8420-0.8450 levels during the previous week. With the current corrective movements on the USDX, the Euro and the Pound respectively we can see this market well enough. However, there would be a continuation of the directional trend from last week. With price adjustments towards the new month of December would not be ruled out.

By monitoring the precentage distribution in the basket of each currency pair in the USD Index and the Euro Index price changes, either on a daily or weekly basis will determine the relative price equivalent in the spot market of the different currency pairs as they actually move. In other words knowing the initial target objectives of these indices would be an advantage for each trader / analyst trading the FX market. For a complete analysis on this article please visit our Market view report on our website.

Technicals Used: 3 methods of the Fibonacci,MACD,Ichimoku,Stochastics RSI, Moving Averages-Wt/Exp, W% Rate, Candlesticks 4, daily and weekly chart formations,Momentum, VOI,USDX and EURX, financial futures and the Probablity Ratio/Risk/Reward fators.




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For a complete review of this video analysis please visit our website at http://www.megatrade101.com

Category:

Education

Tags:

• cross trading
• cross rates
• hedging
• strategies
• USD
• US dollar Index
• investing
• forex trading
• GBPUSD
• USDCHF
• EURGBP
• AUDUSD
• NZDUSD