Forex Trading Evo

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Welcome to the Forex Trading Evo

About Us

Forex Trading Evo is the pioneer in Forex Currency Education. Our online forex currency trading courses will help you throughout your Currency trading. Our education is not only for pros but also very necessary for newbie. This course will teach you all aspect of forex currency trading. Online currency trading is become very simple and understandable through our course. Our Currency trading courses are highly tested by the forex pros. Now you enjoy the Free Forex Currency Trading Course.

Forex trading (also called Forex, FX, or currency trading) describes trading of many currencies of the world. Forex is the biggest and least regulated market providing the high liquidity to investors. Daily volume in the currency or forex markets is around $4.0 trillion per day. By comparison with NYSE daily volume averages $30 billion a day.

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EUR/USD

EUR/USD edges higher to 1.3703 today and further rise could be seen. Nevertheless, upside is still expected to be limited by 1.3852 resistance to conclude the consolidation from 1.3443 and bring fall resumption. Below 1.3530 minor support will flip intraday bias back to the downside first. Further break of of 1.3435 support will confirm fall resumption and should target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next.

Last Updated on Monday, 08 March 2010 13:32 Read more...
 

USD/JPY

USD/JPY edged higher to 90.66 today and at this point, intraday bias remains on the upside and further rise is still in favor to near term falling trend line (now at 91.57). On the downside, below 89.32 minor support will indicate that rebound from 88.13 has completed and will flip intraday bias back to the downside for retesting this support.

Last Updated on Monday, 08 March 2010 13:33 Read more...
 

GBP/USD

With 1.4992 minor support intact, recovery from 1.4783 could still extend further. Nevertheless, , upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4922 minor support will flip intraday bias back to the downside for retesting 1.4783 low first.

Last Updated on Monday, 08 March 2010 13:33 Read more...
 

USD/CHF

USD/CHF dips further to 1.0674 so far today as consolidation from 1.0897 continues. Further fall could be seen to 1.0648 support and below. Nevertheless, downside is still expected to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring rally resumption. On the upside, above 1.0809 minor resistance will flip intraday bias back to the upside. Decisive break of 1.0897 will confirm that whole rally from 0.9916 has resumed. Also, sustained trading above medium term trend line resistance (now at 1.0803) will pave the way to 161.8% projection of 0.9916 to 1.0506 from 1.0131 at 1.1086 next.

Last Updated on Monday, 08 March 2010 13:34 Read more...
 

GBP/JPY

GBP/JPY's consolidation from 132.13 extends further and more recovery might be seen. But after all, upside should be limited by 136.72 resistance and bring fall resumption. Below 132.13 should target 100% projection of 150.68 to 138.23 from 143.59 at 131.14. Break there will target 161.8% projection at 124.55 next.

Last Updated on Friday, 05 March 2010 15:35 Read more...
 

FX Signals

Today 10 March, 2010

Currency

BUY

SELL

TAKE PROFIT

STOP LOSS

POSITION

USD/JPY

89.35

-

T1=92.00
T2=93.00
T3=94.00

87.15

Open
Long Term

EUR/USD

1.3655

-

T1=1.3700
T2=1.3765
T3=1.3815

1.3465

T1= Hit
Open

GBP/USD

-

1.5165

T1=1.5115
T2=1.5075
T3=1.4950

1.5285

T1= Hit
T2=Hit
T3=Hit

USD/CHF

-

1.0720

T1=1.0665
T2=1.0600
T3=1.0585

1.0800

Open

USD/CAD

-

1.0315

T1=1.0275
T2=1.0225
T3=1.0185

1.0385

T1= Hit
Open

AUS/USD

0.9090

-

T1=O.9150
T2=0.9200

0.9005

T1=Hit
Open

EUR/JPY

122.55

-

T1=123.00
T2=123.80
T3=124.65

 121.25

Open

EUR/CHF

-

-

-

-

-

Contributed by Praful Patat. All right reserve by ForexTradingEvo.com

* Risk Warning *

Past performance does not guarantee future results. Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading result may vary. The risk factor is high in foreign exchange market so trade only funds which you can afford to lose. You trade on your own responsibility. ForexTradingEvo offers you only to see trades and inform you about new positions. ForexTradingEvo will not accept liability for any of your loss or damage.

 

Last Updated on Wednesday, 10 March 2010 10:42