By John Jagerson

Can you grade one level of support relative to another? Is a pause at a specific price point more important today than the same support level a month ago or 6 months ago? I think that there are ways to estimate one support level as more important than another. A good example is what is going on right now on the AUD/USD. Clearly we are at a long term support level having been here before in December and January during the last disruption in oil prices. However, what else is true is that we are at a level of extreme price movement based on a reading from the CCI or commodity channel index.

I use technical indicators like the CCI to grade support and resistance levels. When support coincides with...

LearningMarkets.com

Analyst Picks For: 2008/08/25
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After the Forex market settled somewhat last week, there seems to a trade off between short-term range conditions and longer-term directional trends. From our DailyFX Analyst picks this morning, we can see there are opportunities to take advantage of both. See where each Analyst is looking below:

Antonio Sousa

My picks: Long USD/CAD
Expertise: Fundamentals, Volatility and Sentiment.
Average Time Frame of Trades: 1 day - 3 months

John Kicklighter

My picks: Short EURGBP
Expertise: Combining Money Management with Fundamental and Technical Analysis
Average Time Frame of Trades: 3 days - 1 week

Ilya Spivak

My picks: Short GBPUSD

...

DailyFX Analyst Picks

View more charts at http://www.ablesys.com/fxcm

AbleSys

I was caught looking for one more minor dip in the Dollar on Friday which obviously didn’t happen. Does this mean the uptrend has resumed? It certainly looks like it with the break of 1.4739 Euro and 1.1002 Swissie while the sharper losses in Cable seem to be leading the way with the clean break below 1.8445 this morning.

This does seem to point to a test of 1.8396-04 at least. Remember the larger weekly picture suggests an eventual target at 1.8328. The only issue I have with a direct test is the apparent break down in the correlation with the Euro and Swissie.

On this basis we need to watch where the Euro and Swissie can reach. The Double Top target in the Euro remains at 1.4550. These targets are rough but...

FX-Forecaster.com

Weekly Candle stick chart shows an Intermediate term down trend.. Sell rallies to 1.4894 level or stand aside.Stops can be placed 20 pips above ie 1.4914.You can look for a target of 1.4500 level.
You should plan your entries in such way to get a risk reward of 3 times ie your entry is placed somewhere near to 4894 you can have a good low risk entry.If the price breaks above 1.4900 this week.This strategy has to be reviewed.Muraleedharan forexcentral - FOREX CENTRAL <!-- google_ad_client = "pub-9828133457736977"; /* ImageOnly Horizontal */ google_ad_s

kpmuraleedharan