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CRUDE OIL: The pair continues to strengthen as it closes in on its key resistance located at the 51.64 zone. On the downside, support resides at the 50.00 level where a break will expose the 49.00 level. A cut through here will set the stage for a run at the 48.00 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, October 7th GBP/USD Current price: 1.2453 (-1.3%) Session range: Open 1.2615 High 1.2625 Low 1.1991...
The Trailing Stop expert advisor has been created to help traders manage winning trades and baskets of trades, by trailing the price once it goes in the trader’s favor. The main idea that led to this trailing stop EA was that many traders are not so good at managing winning trades...
The RobotFX MACD expert advisor ideology is meant for the traders that are familiar and use the moving average convergence divergence (MACD) indicator in their trading decisions. The MACD EA is easy to set up and use, as it can be seen from its settings below...
Trading recommendations Sell on the market. Stop-Loss 7040.0. Take-Profit 6965.0, 6870.0, 6815.0, 6575.0, 6525.0 Buy Stop 7070.0. Stop-Loss 7030.0. Take-Profit 7100.0, 7180.0, 7200.0 Technical analysis...
GBPAUD SHORT M15 setup with Currency Strength Markets showing most consolidations today. We see clearly on currency strength lines, the lines do not break out of MFib 100 and Market Momentum holds below Market Fibonacci 50 which means market is weak...
Hello traders, On event NFP this week, I thought we need to prepare a swing trade at major S/R. Following the philosophy "Plan your trades, and trade your plans", here I share a planning for EUR/USD based on A2SR. I hope EUR/USD moves fast and out from current sideways range...
GBPUSD: With the pair taking back its Wednesday gains to weaken further on Thursday, further move lower is expected. On the downside, support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level...
As the title says this time we'll try to implement a simple object-oriented framework for trading. It's surely simple as a framework, but is probably most complex thing among all that we've discussed so far in the MQL's OOP notes...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, October 6th EUR/USD Current price: 1,1185 (-0,2%) Session range: Open 1.1205 High 1.1214 Low 1.1184...
The two primary themes in the foreign exchange market today was sterling weakness and U.S. dollar strength. In many ways, these two trends came hand in hand as sterling’s losses were compounded by the rise in the dollar while the dollar’s attractiveness was driven by problems in Europe...
Trading recommendations Buy Stop 1278.00. Stop-Loss 1265.00. Objectives 1290.00, 1300.00, 1324.00, 1350.00, 1370.00, 1385.00 Sell in the market. Stop-Loss 1278.00. Objectives 1252.00, 1218.00 Technical analysis In late September, the pair XAU / USD has broken the important support level of 1324...
EURUSD: The pair continues to face consolidation risk after closing marginally lower on Tuesday. It follow through on recovery within its range is now underway. Support lies at the 1.1200 level. Further down, support lies at the 1.1150 level where a violation will aim at the 1.1100 level...
Trading recommendations Sell Stop 1.1190. Stop-Loss 1.1225. Targets 1.1120, 1.1045, 1.0975 Buy Stop 1.1240. Stop-Loss 1.1205. Targets 1.1285, 1.1350, 1.1400, 1.1430, 1.1485, 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, October 5th EUR/USD Current price: 1.1217 (0.1%) Session range: Open 1.1204 High 1.1230 Low 1.1199...
USDJPY: The pair saw a rally on Tuesday opening the door for more strength in the days ahead. On the downside, support comes in at the 102.00 level where a break if seen will aim at the 101.50 level. A cut through here will turn focus to the 101.00 level and possibly lower towards the 100...
AUD/USD to Curb Losses on Strong Australia Retail Sales Report - Australia Retail Sales to Increase for Sixth-Time in 2016. - Will Stronger Consumption Encourage the Reserve Bank of Australia (RBA) to Stay on Hold? For more updates, sign up for David's e-mail distribution list...
After moving inside the same channel for 3 consecutive months Gold broke to the downside in a sharp move. There is 99.6% that it will reverse direction tomorrow ,because of the long candle today...
GOLD: The commodity looks to extend its weakness following its Monday losses. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level...
