USD/CHF Technical Strategy: Long at 0.9068 Support:0.9332, 0.9272, 0.9223 Resistance: 0.9429, 0.9526, 0.9586 The US Dollar soared to a 12-month high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern...
EUR/USD is the most widely traded currency pair in the forex trading market accounting for some 50% of trades. This implies the tightest spreads and may hence be one of the better cross pairs to start trading...
While the fall of EUR/USD is certainly justified from both sides of the pair, we may be on our way for a 9th consecutive weekly decline, and this may be too much. After stabilizing above last week’s lows of 1.2920 and below the resistance line of 1...
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I really like this chart setup because it works quite well. In fact, it works really well actually if you can identify it properly. Even if you just scroll back and analyze the historical data available, you will see that it is generally quite a reliable chart pattern...
This is a very time sensitive trade. NZDUSD has been gradually selling off and recently spiked up. It looks like NZDUSD reached another supply zone. Notice the initial point in which price accelerated downwards from pretty much a standstill...
Developed by Chester Keltner. Described in his book "How to Make Money in Commodities" Keltner Bands are based on ATR technical indicator, the bands use ATR values to plot the bands lines. These Bands form Channels that help to identify the forex market trends using this simple volatility channel...
We see on chart two different trends. Primary Bearish one comes from the Red Dot (maximum at 105,41) in April 2013 and Secondary trend is Bullish from last ZigZag. Price is inside an Overbought zone but far away from last year maximum...
Primary Trend is Bullish and Oscillator is inside an Overbought zone. Recommendation is to enter the market only long and keep it till the formation of a new maximum (new Red Dot) but before I suggest to wait till price breaks the Fibo 100 line...
Primary Trend and Secondary Trend are Bullish. Oscillator is inside an Overbought zone. Recommendation is to enter the market only long and keep it till the formation of a new maximum (new Red Dot) higher than last ZigZag max one breaking FIBO 100. Good Luck...
On Silver we see a similar situation of Gold. All Indicators show the daily Downtrend and the Oscillator tells us that price is inside an Oversold zone. Today the main point is the formation of a new minimum "Red Dot" very close to the dinamic Fibo at 18,98...
All Indicators show the daily Downtrend and the Oscillator tells us that price is inside an Oversold zone. Today the main point is the formation of a new minimum "Red Dot" very close to the dinamic Fibo at 1253. The new minimum was predicted in the previous post...
Below are some of the things that will help shape the week that lies ahead for American financial markets, according to Daily Finance...
A sharp rally through 0.9209 swing high and up to 0.9340 must be wave three and not wave five. So if that's the case then we know that pair should reach further gains after any minor correction. We are now tracking wave 3 that should be made by five waves so move can extend even to 0...
How to profit from Bollinger Bands Developed in the 1980s by John Bollinger, this oscillator is a technical indicator that incorporates the idea that volatility is dynamic, so the bands adapt as volatility increases and decreases...
Click here to read the full article In this article I will provide my view on the AUD/JPY, EUR/USD and the EUR/NZD specific the long term strategy. These are the pairs that I am currently interested in or was interested in last week for trading with the Hybrid Grid strategy...
Click here for the latest update of the pairs that I will be looking at for my trading. Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Visit FxTaTrader.com for more info and Disclaimer...
This simple exercise will increase Forex profits 100% and works for 99% of all short-term FX traders - stop trading so much - widen out your stops - widen out your profit targets - and only trade in the direction of the trend indicated by 4 hour chart...
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Three factors determine the importance of a trendline: the lenght of time it has been intact, the number of time it has been tested and the steepness or slope of the trendline...
