GBP/USD – Forex analysis and forecast for August 25, 2009
Written by GF Team on August 25, 2009 – 6:36 am -

Our Forex signals providers are working very hard at the moment, but the find time for writing a little bit of market analysis and Forex predictions specially for our clients. Notice, that our traders are even giving detailed recommendations, what to do in this or that situation.

Long-term analysis of GBP/USD:
On the Month graph the pair has passed 1st, 2nd and 3rd waves (falling down from 2.1160) and has made minimum of the 4th wave, ended at 1.7040 (but that doesn’t mean that the wave is complete). So, the nearest target of the pair’s falling is 1.4840. In case the trend breaks through 1.3500, it will start doing the 5th Elliot wave. Therefore the full 5-waves cycle could be possibly observed.
Recommendation for long-term investing:
Go short below 1.6270 with the target of 1.4840 (62% correction according to Fibo correction level).

Short-term analysis of GBP/USD:
On the daily graph the trend has finished ABC growth correction after falling to 1.7040 and now is moving to 1.6050.
Recommendation for short-term investing:
Set short below 1.6325 with the target of 1.6150.


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Good advice for Forex traders
Written by GF Team on August 18, 2009 – 2:18 pm -

Hi guys! Recently we’ve published some advice, given by our active, professional, successful and independent traders to all beginners at Forex market. By the way, that advice can be found right there:
1. A short lesson by active traders
2. Another advice for beginners at Forex

We are very glad, that our clients appreciate that information very much. And we hope that it will help our clients in their trading and learning the market. Maybe some client will create his own profitable Forex trading system and start giving Forex signals through our service. So, we continue publishing the advice from our Forex signals providers. And today you are able to read 5 advice by one of our best traders – Utusk. They are:

1. Don’t trade with money that you are not able to lose
2. Don’t trade with more than 5% of your deposit
3. Avoid doing scalping
4. Manage the level of stop-loss and take-profit of your trading system
5. Control your emotions

The full and detailed version of the advice you read there: 5 pieces of advice for Forex traders

You are welcome to discuss the article and ask your questions to the author and trading system developer Utusk right there. All your questions will be certainly answered by Forex signals provider himself.


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Posted in All about Forex trading, Utusk, trading strategies | 2 Comments »
Forecast for August 5, 2009
Written by GF Team on August 5, 2009 – 7:42 am -

As you see, the news have been quite positive recently. So, today we can expect the continuation of dollar’s falling down against its main rivals – British Pound and Euro. The main attention is to be paid to the following news, which can influence the situation on the market greatly: ADP Employment Change, Euro-Zone Retail Sales and the level of Industrial Production in Great Britain. Due to that the prices are likely to be moving in the following way: EUR/USD – 1.4300 – 1.4500, GBP/USD – 1.6850 – 1.71200, USD/CHF – 1.0500 – 1.0650.


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Posted in Technical Analysis | No Comments »
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