Forex - Share your technical analysis, your trade ideas, your Forex...

ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.

3200/32 Cap The Upside

Title: Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)

EUR/USD Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside, break below 1.3100/1.3088, to signal an end of recovery attempt and re-focus key near-term support at 1.3025. Res: 1.3080, 1.3100, 1.3130, 1.3166 Sup: 1.3025, 1.3000, 1.2953, 1.2930 http://mediaserver.fxstreet.com/Reports/325f5b3f-7a7d-4768-8193-afec3573778f/eurusd_20120207092944.gif GBP/USD Improves ...

Tags: 3200/32 cap the upside • as the pair quickly

FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
BEWARE: FOREX is a market made volatile by the leverage which is offered to you. Consequently, a risk of important financial losses is always present. Tribuforex provides his internauts some trade ideas and analysis, but will not be responsible in case of losses. The main goal of www.tribuforex.fr is to offer a tool allowing traders to share forex between them.