Forex Factory is probably one of the best known calendars available to retail traders, and this post will help you to understand how to use this tool in your trading...
Recently we received a question from one of our members asking if it is ok to use trend lines for her trading entries after she determined sentiment and direction from the news...
GBPJPY: The cross continues to face downside pressure as we enter a new week. On the downside, support comes in at the 155.00 level where a violation will aim at the 154.00 level. A break below here will target the 153.00 level followed by the 152.00 level...
Hedge Fund Shorts Saudi Riyal By Rakesh Sharma | May 5, 2016 — 12:02 PM EDT In 2014, Zach Schreiber, owner of the Point State Capital hedge fund, made a famous short against oil, which was trading at record high prices then, at the Ira Sohn conference...
The deviation of USD from levels that are consistent with gauges of the relative Fed hawkishness like the spread between US 2Y rates and the G9 average has widened to record levels recently. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
First, a few words about the forecast for the previous week: ■ if we talk about the forecast for EUR/USD, as it often happens, graphical analysis turned out to be the most accurate, having predicted the return of the pair to the Pivot Point of February - May at the level of 1.1280...
USDCHF: Having the pair taken back all of its earlier losses for the week to close higher on Friday, more strength is expected in the new week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0...
It seem that Dow Jones Industrial completed a Head and Shoulder Pattern. There is a negative divergence between RSI14 and DJI price candles. Seasonality say "Sell in May and Go Away...
EUR/USD: The move below our initial downside targets in the 1.1360 area encourages our bearish view. We are now looking for further downside towards the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
EURUSD: With EURUSD following through lower on the back of its Thursday losses on Friday, further downside pressure is expected. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will target the 1...
Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher EUR/GBP is tracing out an ending diagonal pattern in wave C which is a part of the A-B-C pullback in red wave B). We expect this pair to find its support around 0.7828, where formal wave 4 can react as a turning point into red wave C...
US Dollar Approaches 94.80 on Data The greenback, tracked by the US Dollar Index, is extending the rally on Friday towards the boundaries of 94.80 on upbeat US data...
Forex Weekly Outlook May 16-20 The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. Join us as we explore the market movers on Forex calendar...
GBP/USD Falls to 3-Weeks Lows GBP/USD dropped further below 1.4400 and bottomed at 1.4339, the lowest since April 22. Then it bounced modestly off lows and it was hovering around 1.4350, a hundred pips below today’s opening price...
USD/CAD Finds Resistance at 50-Day SMA USD/CAD pushed higher during the New York session, as the greenback continued to strengthen across the board, while oil prices remain pretty steady near recent highs. USD/CAD reached a 3-day high of 1.2957 before the 50-day SMA capped the advance...
NZD/USD Drops Further Below 0.6700 A stronger US dollar in the currency market pushed NZD/USD further to the downside during the American session. The pair broke below 0.6800 and dropped to 0.6755, hitting the lowest level in three days. Price remains near the lows, trading at 0.6760, down 0...
EUR/USD Forecast: Dollar Gains, but Can it Last? The EUR/USD pair fell for a second consecutive week, extending the retracement from the year high at 1.1615, down to the 1.1300 region. The common currency was under pressure even though there were no major market catalyst until this Friday...
AUD/USD Likely to Trade in Narrow Range, to Reach 0.80 by 2017-End In mid-April, the AUD/USD pair broke to new 10-month highs close to 0.7850 amidst increased volatility. This was mainly due to weakness in the US dollar, indicating the declining prospect of a rate hike in June by the US Fed...
AUD/USD Hits 2-Month Lows, Contained by 200-Day SMA AUD/USD fell to fresh 2-month lows at the beginning of the New York session, as the greenback strengthened on the back of stronger than expected US retail sales data...
