Forex Signals | Forex Trading Signals | Signals Service

EURUSD turned back from the upper trendline at 1.4000 which helped us bank +90 pips on Swing trade. Our trade was also supported by ISM numbers which unexpectedly came out good for USD. The breakout we predicted depends on second round of Quantitative Easing (QE2) decision on Nov 3rd. Market analyst are split if any QE2 will take place and if yes, then how much. It could be anywhere between 100Bn to 2-3 Tr, this amount will decide the short term USD level.

Later in the week Bank of England (BoE) and European Central Bank (ECB) will also announce their move. This week is quite big in terms on news event. Not to forget NFP news on Friday. As usual Elite members can view all news announcement in real-time.

(Click On Image To Enlarge)

(Click On Image To Enlarge)

Daily chart shows a triangle taking shape with price  moving a narrowing range. Breakout in either direction could lead into good trend moves and which will help us in both Swing and short term trading.

[Content protected for Live members only]

[Content protected for Elite members only]

There is no officially designated starting time to the trading day or week, but for all intents the market action kicks off when Wellington, New Zealand, the first financial centre west of the international dateline, opens on Monday morning local time. Depending on whether daylight saving time is in effect in your own time zone, it roughly corresponds to early Sunday afternoon in North America, Sunday evening in Europe, and very early Monday morning in Asia.

What Time Forex Market Open

Free Forex Signals are Back. Click Here To Get Started

The Sunday open represents the starting point where currency markets resume trading after the Friday close of trading in North America (5 p.m. Eastern time). This is the first chance for the forex market to react to news and events that may have happened over the weekend. Prices may have closed New York trading at one level, but depending on the circumstances, they may start trading at different levels at the Sunday open.

The best way to keep track of market is to visit http://fxtrade.oanda.com/resources/fxmarkethours/ . You can also download their Yahoo widget for your desktop.