The USD/JPY pair rose during the course of the week, showing that the support still holds at the bottom of this consolidation area. However, the market is still start between the 101 and the 103 levels, so it’s difficult to place any longer-term trades...
Fundamental Forecast for Pound: Bullish GBP/USD Hit Highest Level Since 2008 As UK Construction Data Surprise GBP/USD Long Term Measured Level at 1.7300 The GBP/USD extended the advance from June, with the pair climbing to a fresh yearly high of 1...
The NASDAQ was closed on Friday, but spent the rest of the week shooting straight up from the 4400 level. We did not break above the 4500 level however, so that has to be addressed...
The USD/CAD pair went back and forth during the course of the week, showing the uptrend line that we have been following for some time now to remain supportive. With this, we believe that this market will continue to find buyers just below, and the 1...
Let’s face it, 95% of you reading this are probably not consistently successful traders, in fact, you’ve probably blown out a trading account or three by now...
Fundamental Forecast for Euro: Neutral The Euro and Swiss Franc were under more intense pressure versus the British Pound, hitting new yearly lows. EURUSD was vulnerable going into Thursday and a breakdown may have just started after the strong US NFPs...
Price action is the study of price movements in a market. Many traders look at and use price action because it’s the cleanest view of technical analysis in a market. In this article, we discuss the most basic relationship at the center of price action: Supply and Demand...
The S&P 500 rose during the course of the week, even though we only had four sessions to work with. We close at the very high as of the week, and we believe that this market is in fact going to continue to go higher...
On D1 opened strong channel down. Channel, which defined downward movement on Thursday and Friday on H1 and H4, will be closed on the new channel H1...
The dollar managed to beat the euro and the yen, but stayed behind the mighty pound and the recovering loonie. Will these trends continue? The FOMC Meeting Minutes, Australian, Canadian employment figures and the rate decision in the UK are the main market movers on FX calendar...
Like it or not, most people fail to profit when they begin trading in Forex. Whether it’s because they take too much of a risk or simply because they do not understand the market, upwards of 85% of all investors lose their money over time. Do not become part of the majority...
The natural gas markets tried to rally during the course of the week, but found the $4.50 level to be resistive enough to turn the market back around...
The EUR/USD pair tried to rally during the course of the week, but as you can see failed at the 1.37 handle. The resulting candle is a shooting star, but it’s hardly a decent sell signal, as there is significant support down at the 1.35 handle...
The GBP/USD pair broke out during the course of the week, breaking above the top of the hammer from the previous week it was sitting on top of the 1.70 level...
Fundamental Forecast for Dollar: Bullish US Nonfarm Payrolls report beats all expectations, sends US Dollar higher A sharply better-than-expected US Nonfarm Payrolls report helped push the Dollar positive for the first time in the past six weeks...
Silver markets went back and forth during the course of the week, ultimately settling very little by the time we closed. However, we are above the $21 level and that of course is a positive sign. We believe that you can only be long of silver right now, and shorting is nothing short of reckless...
Many people out there are willing to rush head first into any business opportunity that presents itself. Unfortunately, this is also why so many individuals are failing to make money with the Forex platform. Uninformed investors make uninformed decisions...
What do you know about currency trading? Do you have a personal strategy? If you do, do you wish to improve upon it? Is what you’re using making you big profits or a lot of losses? If you cannot answer these questions confidently, look at the tips below to help revise your strategy...
Currency from different countries is traded through the foreign exchange market. In the market, currency conversion happens with the help of many smart traders working around the clock. Anyone can become a trader in the foreign exchange market, provided they are properly trained...
