Basic Flash Game & Quiz about Electronic Circuits

In order to get one acquainted with Electronic circuits, one may want to try & play the interactive flash game & quiz made available by andythelwell.com. The flash application is named The Blobz Guide to Electric Circuits. Simply click on the large image below or this link & continue towards the Blobz Electronic Circuits flash game on the site. The flash application is made so simple, attractive, & fun that perhaps even a young child can play with it & start understanding electric circuits.

Games include understanding conductors & insulators, switches, & identifying electronic symbols on circuit diagrams. Brief explanations of the subjects related to electric circuits are provided & players are then given recommendation to try the games & quiz. Points are given out to successful players. Mind you, this is a basic flash application for learning Electronic circuits so don’t be expecting any advanced material from it. Happy Playing!

Video Introduction to the Electric Circuit

The video introduces the concept of an electric circuit; the very basis to the more complex electronic circuits. It describes the difference between an open and closed circuit. The analogy of water being sent through pipes & drains from a water tank is used to help viewers grasp the concept of electricity flowing through wires on an electric circuit. The author explains further that there is no source or destination of electrons inside an electric circuit. The electrons flow continuously inside the circuit without the benefit of the hypothetical electron sources & destination.

As long as there is an unbroken loop of conductive material, there will be continuous flow as described in the marbles in hula hoop circuit; a never ending looped pathway for electrons. Basically, any discontinuity (break) anywhere on the electric circuit will result in the failure to maintain a sustained flow of electrons in it. Video wise, this video will be a good introduction for viewers who are just beginning to learn about electronic circuits & how they work. TUNE IN!

Blast into the Past Electricity Video

Let us take a blast into the past, specifically to the year 1948. This video is more in depth than the previous Introductory to Electricity video. The video below is entitled ‘What is Electricity’. The video takes about twenty minutes so be prepared to sit back & relax. Hopefully, viewers won’t fall asleep again. One will be introduced to how an atom is structured, protons & neurons inside a nucleus of an atom, & etc.

Some parts of the ‘What is Electricity’ video are a bit shaky because it is an old film. Also shown is how a traditional zinc copper battery a.k.a. cell works. The video is not the best of explanation of electricity I have seen, particularly with regards to explaining the principles of current flow; pressure or voltage, current intensity (ampere), & resistance (ohms) but it is not too bad. Maybe it’s just because of the boring narrative voice. Anyways, TUNE IN!

Some Kind of Start - Introduction to Electricity

First & foremost is an introduction to Electricity. Just view the video as a start, for entertainment sake, whatever the value it provides to your fresh mind. It is possible that you will still be in the dark regarding electricity especially for folks who view the video without an encompassing goal to produce something that stems out of the electronic industry. It probably is not exactly the best intro to electricity video put there but it’s all I could find on YouTube.

Hopefully, you won’t fall asleep somewhere during the video play. Obviously, the video maker is a follower of the Electron theory where current is perceived to flow from negative to positive points. However there is another theory of electricity which is called the Conventional theory where the current flow is the exact opposite. Whichever, it does not matter to anyone, at least not in this early stage of understanding electricity. TUNE IN!

EUR/USD Trade Update for 080609

Price of the EUR/USD is continuing to challenge the main EUR momentum shown as the red channel. This price action has the leeway to re-trace the current bearish to about <>1.4127ish. A significant excess of that will see the price return within the main momentum of the bullish EUR.

On the other hand, a continued bearish move will see the price challenge the minor support at Target 1 in order to get to Target 2. Things may then become clearer so until then, a bearish trade should be left to market forces to continue on its course or otherwise. This is something that the purveyors of the US economy is happy to see; a re-strengthening of the USD albeit even temporarily, and the powers that be will do all they can to make the bear run last as long as possible.

Overall in the technical perspective, on day to day terms this week, the current consensus for EUR/USD is a good 3/4 USD bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

SILVER Trade Update for 080609

It sure looks like a lot of good space available for the price of Silver to re-trace on the charts. The current price now is looking to challenge the main momentum, shown in the red channel. A significant excess of this will have the price continue to challenge Target 1; already in close proximity to Target 2 and most profoundly, close-by the main support blue trend line.

There is plenty of space for the silver price to give a generous re-trace without actually being seen as encroaching into bearish territory. As Silver is seen to share price action similar to Gold, performance of the USD will be monitored closely this week for further trade decisions on the Silver price. Overall in the technical perspective, on day to day terms this week, the current consensus for SILVER is a full 4/4 bearish bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

GOLD Trade Update for 080609

At this point, it is clear that the Gold price had failed to surpass its previous high of <>1015ish. The price, being able to significantly exceed the red channel support will have a go towards Target 2 but then will have to contend with the blue trend line support. By bouncing back up anywhere between Target 1 and Target 2, then it will be a moment when the price is seen as a re-trace.

On the H4 chart, the price, although in a large parallel bullish channel had finished two previous smaller momentums drives, going on this third one. There is plenty of space for the gold price to give a generous re-trace without actually being seen as encroaching into bearish territory. A strong USD sentiment this week can help to materialize the above scenario. Overall in the technical perspective, on day to day terms this week, the current consensus for GOLD is a full 4/4 bearish bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

USD/JPY Trade Update for 080609

Main momentum for the JPY bearish trend had been nullified and the price continues bullish to the USD direction, showing the recent move to be a re-trace wave. However, the failure of the price to significantly exceed the Target 1 will be a sign of strong resistance from the main JPY territory trend line above in red. Yes, the final USD calm before a JPY storm.

By that happening, the price will be optimal for a Double Top Pattern hypothesis bearish test trade to challenge the lower blue trend line once again. A crucial issue is that the chart shows the price approaching inside a triangle pattern. It suggests a price consolidation before heading into a new USD zone or descending into a new JPY zone. Overall in the technical perspective, on day to day terms this week, the current consensus for USD/JPY is a good 3/5 USD bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

AUD/USD Trade Update for 080609

Secondary momentum within AUD main momentum channel is being challenged by the USD. A price that exceeds the red channel support can easily acquire volatility between Target 1 and Target 2 because of their close proximity. Similar to the GBP/USD, a pullback at this conjuncture or at the red channel support may present a good Overbought AUD hypothesis test.

AUD is a particularly strong currency, with Australia having plenty of commodities as dependency hence less affected but will still be by the current US economic price action play. Additionally, a major re-trace in the case of an overbought AUD still looms and a continued descend of Gold and Silver might just to the trick. Overall in the technical perspective, on day to day terms this week, the current consensus for AUD/USD is an even 2/4 AUD bias. Too late for a bearish entry now, so may as well wait for a better prospect here.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

GBP/USD Trade Update for 080609

Price finished the secondary momentum seen in blue trend line within the red channel. Currently, the price is looking to challenge the main momentum of the GBP which is the red channel support. Entry for a bearish trade is too late now but may present itself with a pullback at the red channel support.

Current price significantly exceeding Target 1 can extend towards Target 2 and by then a lookout for bullish move as price forms a correction wave. The current price to reach the main USD territory support will require a chain of major events in the coming weeks or couple of months; unfavorable to the GBP to materialize. This is probably too much to be asking a USD in a recovering US economy.

In the past months when global economy was at its worst, the GBP was the last currency among AUD and EUR to react against USD biased price actions. Fundamental similarities between the British and American economies may once again allow the GBP to flow according to USD strength, more susceptible than both AUD and EUR.

Overall in the technical perspective, on day to day terms this week, the current consensus for GBP/USD is an even 2/4 USD bias which could tip over any way within the next few days.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

EUR/USD 050609 Weekly Trading Review

The EUR/USD price today is challenging the primary momentum of the bullish EUR. A current bear trade is looking to do well now as the price had re-entered the primary bearish momentum channel as quickly as it had gone out of it. At the current rate, the price could easily slice through the support like a hot knife through butter. Into next week will probably be shown how the EUR/USD price handles the EUR channel support or better yet, possibly follow through this current bearish effort; finishing the initial momentum of the EUR.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Gold Trade Update for 010609

Gold like Silver has risen from <>966.74ish at the end of last week to <>979.22ish today. Daily main channel support is at <>943.44ish and main resistance remains at <>1005.60ish. The Gold charts look lackluster today except for the volatile M15 which shows a bearish move. There could be something there within the next few days.

Fundamentally, Gold continues to be an appealing investment medium for people who want to retain the value of their money against the weakening USD. This pattern can change otherwise depending on the performance of the USD, yearning to restart its capitalist mechanism. Overall; on day to day terms this week, the current consensus for GOLD is a full 3/3 bullish bias. The hype is up with Gold and Silver now so probably the pros are looking to sell for some profits soon.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Gold Trade Update for 290509

Gold has taken advantage to the weakening of the USD this week, giving only a minor re-trace that hardly reached the red channel support line before continuing on its bullish note. The previous high of <>966.74 had been surpassed and the price is now looking to test the next level which is the <>1005ish.

The price could encounter another slight resistance from the channel in doing so but the good weekly fundamentals can stunt its bearish progress at most to the <>950ish level which is the H1 channel support. Overall; on day to day terms this week, the current consensus for GOLD is a full 3/3 bullish bias. Next week will hopefully be more interesting as the USD recovers from a lackluster week.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Gold Trade Update for 270509

Gold has been seen recently to test the previous high of <>966.74 and is still remaining in that particular channel. A bounce off the channel support will see another bullish move at least to a similar price and possibly even to <>1005ish but that is an afterthought. An excess of the channel support will have the price play around the blue trend line main support of <>920ish. On the fundamental side of it, the fear of inflation in the US will have people buying more commodities like gold and silver, creating a demand that pushes the price higher as supply sources are exerted. Overall; on day to day terms, the current consensus for Gold is a bullish bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

AUD/USD Trade Update for 040609

• Price of the AUD/USD is contending about the minor channel pullback shown as the blue trend line inside the bullish channel. This will be the first opportunity of a pullback for the AUD. Significant excess of this will mean that the AUD has lost its secondary bullish momentum.
  
  
• The second pullback opportunity will be about its previous channel low of <>0.7927ish. Significant excess of this will mean that the AUD has lost its primary bullish momentum.

Until any of the above happens, the price of the AUD/USD remains bullish and an AUD overbought scenario has yet to occur. Without this scenario, the AUD can continue towards the main resistance of <>0.8867ish. This challenge of the main resistance will materialize by having the price being able to significantly exceed the previous high of <>0.8275ish, preferably after <>0.8497ish.

In a possible overbought scenario happening now; even from the start of the current bearish re-trace of <>0.8126ish shows a non-attractive risk to profit ratio of 1: 2, looking at the current price to the stop loss and Target 2. Anything less than 1:2.8 means a no-trade. Therefore, it is hoped that the AUD will continue to rise to present a worthy AUD overbought trade.

• What is desirable now would be to have the price struggle about its previous high <>0.8275ish, showing an optimal technical entry to test the hypothesis of an overbought AUD.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

AUD/USD Trade Update for 290509

Re-trace of the AUD/USD price was not prolonged and prematurely ended with an abrupt change of direction three days ago. Right now, this Kangaroo is comfortably riding its bullish momentum as seen within the red channel. There is still a glimmer of hope for the USD, as the price is seen to hug closely to the channel support in the H4 chart; a sign of potential directional change next week.

On the much shorter terms; namely the M15 and H1, the AUD is showing to be comfortable in its bullish motion although the situation can be easily overcome by a re-trace to the red support line on the daily chart. Australia is a profound producer of commodities like steel, copper, and more importantly gold and silver. This fact alongside the rising prices of gold and silver influences the persistent strength of the AUD over the USD. Overall; on day to day terms this week, the current consensus is a full 3/3 AUD bias.



Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

AUD/USD Trade Update for 260509

Like a Kangaroo, the price of the AUD has jumped significantly higher passed its ‘natural’ barrier for the past couple of weeks. A Kangaroo must eventually land on the ground so to must the price do a pullback. This scenario can be seen in the current price of the AUD/USD. On the H4 chart, the price has slightly exceeded its Bull channel and the M15 chart shows the price to be in an already Bear channel.

These moves being prolonged will have the price test the minor support at <>0.745ish of which, hopefully the AUD & USD fundamental news of this week will assist and present a better view of a prospective price direction towards USD. Overall; on day to day terms, the current consensus is an AUD bias. The AUD/USD daily chart shows the only resistance for the current price now to be it recent high of 0.787ish.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

GBP/USD Trade Update for 290509

US fundamental news with the majority of better results has unfazed the ascend of the GBP/USD price. The price is healthily maintaining its upward momentum with no significant signs of faltering this week. Nonetheless, there is the possibility of the price reaching the channel resistance on the H4 chart and doing a re-trace at least within the channel but that could take a few more days into next week to play out. This week has been a healthy ascending for the GBP, taking advantage of the inactivity of the USD during the American public holiday. Overall; on day to day terms, the current consensus is a full 3/3 GBP bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

GBP/USD Trade Update for 260509

British Pound; the slowest currency to strengthen against the USD for the past month or two has finally exited the major bearish trend of 2008. Here the minor support for the price is the channel support itself and the major support is the almost horizontal blue trend line (Not at all convincing with regards to USD's current lameness). By having the price decline down to 1.52ish then the chart will start showing a possible move towards the USD.

Better performance of the Nationwide HPI on Wednesday and the CBI Realized Sales news on Thursday will assist the GBP to continue its ascend. At the current state of the GBP/USD, a majority of good fundamental news results for the USD could have the price challenge at least the minor support of the GBP. Overall; on day to day terms, the current consensus is a GBP bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

USD/JPY Trade Update for 040609

• At the moment, you can see that it is more profitable to be trading for the bearish price direction on the USD/JPY.
  
  
• The USD main momentum channel is finished. What is left now is the blue trend line that can have the price stay at least a bit longer within JPY territory. A significant excess of this trend line means that the price is heading on a bearish direction towards Target 2.
  
  
• Anything before that is an opportunity for the USD to continue struggling to exit JPY territory which is shown as the higher red trend line.
  
  
• By having the price exceed 98.218, then the price will be poised to challenge resistance of the higher red trend line.
  
  
• The USD/JPY price is forming a triangle and with triangles a.k.a. consolidation means a lot of zig-zag price play within a small range. Two professional FOREX trading companies are only doing short term trades in both bear and bull directions respectively.
  
  
• Overall in the technical perspective, the current consensus for USD/JPY is a full 3/3 sideways bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Silver Trade Update for 010609

Silver continues its bullish streak since last week, gaining from <>15.49 last week to <>15.75ish today. The channel resistance on the daily chart does not seem to be bothering the rise in silver price. On the M15 chart, the price has been affected by the channel resistance and any form of re-trace will have to contend with a new minor internal channel support at <>15.62ish and eventually the channel support at <>15.39ish.

Only by exceeding the <>15.08ish main support on the daily chart will the silver price be able to show diminishing the bullish thrust. Demand for precious metals like silver continue to rise as the USD weakens and people are looking for a save haven for the value of their money. Overall; on day to day terms this week, the current consensus for SILVER is a full 3/3 bullish bias.

Patience to wait for a major pullback is required for longer term traders who want the best bang for their money’s worth in Silver’s current bullish run. Anyway, on the daily chart, the profit to risk ratio looks horrible at the moment.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Silver Trade Update for 290509

Following in Gold’s footstep’s, the price of Silver has not stopped to rest and instead have continued in what we see today is a slight breakaway from the major trend line that divides the bearish zone into a new bullish zone. The current Silver price had spiked on the H4, exceeding the daily red channel resistance and previous high of <>14.63ish. On the very short M15 term, the price is well into a bullish channel with any form of re-trace having to contend with a minor support at <>15.28ish.

A channel resistance is seen on the M15 chart at <>14.8ish. Fundamentals make silver a good commodity to possess especially as a legacy to pass through the generations, hinted by Adrian Douglas of MarketForceAnalysis.com in an interview, “the US Geological says silver will be the first on the periodical table to go extinct by 2020.” Overall; on day to day terms this week, the current consensus for SILVER is a full 3/3 bullish bias. Still on the lookout into next week for a major re-trace towards the benefit of silver buyers here.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Silver Trade Update for 270509

Silver is seen to have reached a good bullish condition; an active scenario that may create a new bullish zone for the price of silver. The current price is testing the previous high of <>14.63ish. Also at this point the price can possibly make a pullback down to the <>11.78ish level to challenge the main support and consequently present a decent entry prospect. On the fundamental side of it, the current fear of inflation in the US will have people buying more commodities like gold and silver, creating a demand that pushes the price higher as supply sources are exerted. Overall; on day to day terms, the current consensus for Silver is a bullish bias. This commodity deserves more attention this week.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Hypothesis of an Overbought EUR 020609

Fundamentals: USD had to be weaker, which it did, in order to recover its value e.g. promote exports for re-strengthening a weakened US economy. This can’t be allowed to go on too much because of the threat of inflation in the US hence the reason to prepare for an oversold USD or overbought EUR which expresses the same thing on the chart; a reversal. The US capitalist economic mechanism will rake in as much profits for as long as possible from a re-strengthening USD before it weakens again in the future to assist US economic recovery.



The hypothesis is that the EUR is overbought. What price move will prove this hypothesis to be wrong or correct?

• 1. A significant & continued excess of the previous high of <>1.4254ish means that the price is heading to a major resistance of <>1.4731ish. This will prove the hypothesis to be wrong.
  
• 2. A significant & continued excess of the previous low or channel support of <>1.3793ish means that the price is heading towards the major support of <>1.3539ish. This will prove the hypothesis to be correct.

By having the price in between the previous high and previous low means that the price is within a pullback zone. The current price is within the pullback zone, technically, well within a maintained long term current EUR bias.

Now, in order to profit from a EUR overbought, a test must be made and it will cost some money. In this test, the current price is a few hours past an optimal entry on the EUR/USD H4 chart. That is ok since the price had not moved much since then.



A stop loss is placed significantly above the Price Move 1 listed above at <>1.443ish. A first target is placed at the Price Move 2 at <>1.385ish. A second target is placed at <>1.3598ish.

In order for this test to proceed, there must be at least one similar opinion from a professional FOREX trading company, forming a minimum consensus of 2/3 directional bias. Taking into account two opinions of professional FOREX trading companies, the current consensus for this EUR/USD test is a good 2/3 USD bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

EUR/USD Trade Update for 290509

EUR/USD price has progressed quite as expected over the past few days, re-tracing down to the <>1.3700 area. Now, the price has continued to retest the previous high of <>1.40ish – something the current price could easily overcome. The price is not looking good at all for the USD this week as it smoothly stays within the bullish red channel without virtually any interference.

Fundamentals of the EUR have been strong this week with European stocks progressing better and its consumer confidence up. On the other hand, the USD side is being lackluster perhaps due to the public holiday which may have also contributed to the continued ascending of the EUR over the USD this week. Overall; on day to day terms, the current consensus is a full 3/3 EUR bias.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

EUR/USD Trade Update for 260509

EUR/USD price has surpassed the USD pullback in the past week which is bad news for the USD. This action is leading the way to creating a new EUR bias zone. The price has the space now to re-trace towards the blue trend line which with significant force could challenge the existing EUR bias. On the very short term, this is where the price seems to be heading.

A better view of a prospective price direction towards USD can be had by having it reach the 1.3700 area of the bottom red trend line, testing the channel support. Overall; on day to day terms, the current consensus is a EUR bias. Note that the main resistance located at <>1.4720ish, a good halfway from the current price.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

What is in Store for the USD in the Long Term?

It is too early to say what is in store for the USD in the long term. However, looking at the weekly EUR/USD chart, it is not looking too good for the USD. Still, there is the possibility of the price testing the previous low once again in the next few weeks. Paying attention to the economic fundamentals will help. US President Obama & his financial team are perhaps the most concerned people on earth about the strength of the USD. Measures applied with surgical precision (in general) have & are still being taken by them but will it be enough? Obviously, or at least as it set out to be - the US economy would perhaps have gone down in flames without government help.

Banks & investment banks close here & there, big companies going bankrupt & laying off millions of workers, & etc. Will the US economy re-strengthen enough to help the dollar? Will the European economy be slower to recover resulting in a weaker 2009 EUR? What we are seeing now is a weak EUR letting off some steam against a flailing US dollar. Will the price continue to spare the USD some slack or will it leave the USD in the dust again once EUR regains strength? Anyway, the long term EUR/USD price will display some interesting & surprising moves this year for us.



Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

EUR/USD Price 080409 Mid-Week Update

The price has continued over the past few days to play into the blue trend line area. Arriving into the area, the price has now also reached a minor support for the USD. Now, will the EUR regain its past week’s momentum or will the USD gain more ground? The current situation could just be minor price re-trace for the EUR as some experts would like you to believe.

A price rebound off the S1 support will help the price regain its EUR bias course for a potential breakout into a new EUR frontier (beyond the red trend line). So should I be ready to sell off some Euros yet? No, it is still early to let go of the EUR since last week. A few more days to see the progress of EUR will be good.

How about for my USD trade? Well, an excess of the support at S1 will have one looking at the potential for the price to reach a main support at S2. Upon reaching S2, the price is already lurking close to USD territory. That could change the current EUR bias altogether. I’ll have to keep the price in check for USD as well. No USD to MYR transaction for me this week, perhaps this Saturday.



Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

EUR/USD Price Looking to Play Some More

I am not going to count out the USD just yet this week. The EUR/USD price had been working its way to the most recent previous high since last week. Today, I am looking at another attempt by USD to regain last week’s lost ground. The price in the EUR/USD H4 chart shows a start of the move towards USD territory.

Both the M15 & more importantly the H1 chart has shown optimal entry for a USD bias prospect. Having said that, I think I shall wait to see a few more H4 ticks progress before deciding to exchange some USD into local MYR currency this week. A price retrace towards the blue trend line will certainly postpone my transaction. Details to observe - Stop loss: 1.3579 / Target 1: 1.3455 / Target 2: 1.3360



Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

Potential Trade Updates for 25th March 2009

EUR/USD
The EUR is seen to be strengthening against the USD since last week. You can see that the price had finally exited the USD zone after weeks of being hammered by the USD. Significant play & break of the blue trend line in the image will have the price on the potential USD bias once again.



AUD/USD
The AUD is also seen to be strengthening against the USD. However there is the possibility of the price making a relatively large correction. Similar to EUR/USD, any significant play & break of the blue trend line in the image will have the price on the potential USD bias once again.



GBP/USD
At the moment, the GBP is the slowest among the group to be strengthening against the USD. As you can see, in the above image, the price is beginning to show the potential for a move towards the GBP. There is still the possibility of play & pullbacks by the USD until the price has significantly surpassed the red trend line.



GOLD
Gold has stayed in its Bullish course for weeks now. Last week’s Bearish correction is seen to be weakening. Significant play & break of the blue trend line in the image will have the price on the potential Bear bias once again.



S&P500
The price is seen to have recovered from the Bearish trend. However, this could be only temporary as the price has to surpass the upper red trend line to be seen in a potentially Bullish bias hence volatility is expected here. Happy & Safe Trading!

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

24th Feb 2009 EUR/USD M15 Chart Potential Trade

The price is currently still within a very wide USD range. All price movement since 28th January 2009 has been within the USD range. Since the end of last week the price had been EUR directional with large & almost neutralizing correction waves. The EUR/USD price on the EUR/USD M15 chart is currently in one of those violent correction waves; what could be looking as the end of it (PB: pullback), standby for a benign reversal (good news for the late comers). A malignant move way below 1.2662 will neutralize the EUR long, at least in the short term. Violent as it is, the consensus is still towards the EUR direction to break the USD range, at least for now.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

23rd Feb 2009 EUR/USD Gold Potential Trade Updates

T1: Target 1, T2: Target 2, PB: Pullback. By now, the price is showing a move towards the EUR direction on the EUR/USD Daily chart. A good EUR entry was presented last week on Thursday. Was the second price pullback opportunistic for the late comers? Yes & no because there could have been a price gap for the worst over the weekend. The same thing did not happen today like past Monday where the price gapped & took out the stop loss, probably due to the strong EUR spike on the EUR/USD M15 chart. Hopefully this week will show a pullback so the late comers can find an opportunity for entry on the EUR direction.

Contrary to EUR spike last Friday, the USD exchange rate in Malaysian major banks has risen while the EUR & AUD have risen only a little bit to return slightly above its lower price. Strange as it seems, the EUR & AUD has gone lower on Friday as compared to the USD which came out stronger. Gold is looking to test the previous high of 16th March 2008 but due for a correction wave.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

18th Feb 2009 EUR/USD Gold Potential Trade Updates

EUR/USD M15 Chart – The price has continued on a USD bound trend since market opening on Monday. The situation is yet another example of why it is an unnecessary added risk to be opening a long range prospect on Fridays. The price can move against the trade & hit the stop loss to one’s dismay on market Monday re-opening. At the moment, looking at the EUR/USD M15 & H1 chart, the price is not showing any signs of potential action towards the EUR direction.

EUR/USD Daily Chart – Also on the EUR/USD Daily chart, the price is looking to test the support at 1.2336. Again, there is no indication for the price moving the EUR direction even on the EUR/USD Daily chart. Hopefully, the EUR/USD price will move more interestingly on Thursday. Gold - The gold price is certainly moving rouge style nowadays even as the USD is moving strongly against the EUR. There is nothing much to see there either at the moment.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

14th Feb 2009 EUR/USD Potential Trade Opportunities

On the short term which is the EUR/USD daily chart, you can see that the price is playing very close to the potential breakout trend line. The price had actually nicked over the breakout trend line & is forming a pullback PB. You can see the pullback more clearly in the EUR/USD H4 chart as PBDDaily.

By this moment, the optimal entry for the daily range has been passed; looking at E on the EUR/USD M15 chart. The pullback for the optimal entry occurred a few days ago & optimized entry can be found by looking at the coinciding price action PBM15 on the EUR/USD H1 chart. Also recently the price had surpassed the minor support trend line as seen on the M15 & H1 EUR/USD charts.

As you can see on the EUR/USD M15, the SL which is the stop loss level still holds & that was the second chance entry for the late comers. The target T on the EUR/USD Daily chart may well be an optimistic target since the main resistance trend line on the EUR/USD weekly chart is lower. Happy Forex Trading! All the Best to You!

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

9th Feb 2009 EUR/USD Potential Trade Opportunities

EUR/USD M15 Chart – The price is currently on a EUR trend. By having the price reach around the 1.3035 level after having broken the minor resistance at 1.2993, there will be an opportunity to continue on the EUR trend to around the 1.3179 level. As usual, be careful of the pullbacks. My trading system does not show any possible entry opportunity before the above but for folks who want to go ‘fishing’ for early entries then below 1.2930 is a siren call for a USD move while you can start panicking by having the price go below 1.2873.

EUR/USD Daily Chart – The USD trend for the past month is showing a possible potential for a EUR move towards 1.3485 or lower. Optimally the entry could be found within the 1.3025 to 1.2705 price levels. As usual, be careful of the pullbacks. By having the current price going further below 1.2705 then one has to ponder whether there will be any significant EUR movement in the next few days or even weeks.

Fx360 Supporting Data:

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.