Technical Analysis of EUR/JPY for March 8, 2016 General overview for 08/03/2016: The market is still trading inside of the neutral zone and there is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated...

The indicator is added a new feature - displays the price channel boundaries in history. Price "walk" from one border to the other, some pushing and returning it back. A trader can use the touch points of the channel price in their trading strategies...

After months of yen appreciation, the BOJ’s new policy measures initially saw weakness on the yen, however this quickly turned as a result of risk aversion with the USDJPY falling over 1000 pips since the January 29 high...

There are many myths and stereotypes about automated trading, especially nowadays when automated trading and automation in general is on the rise. Many of them, unfortunately, are still supported by bad developers. What are the most common myths and stereotypes about automated trading on Forex...

Technical Analysis of EUR/USD for March 08, 2016 When the European market opens, some economic news on the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m is due to be released...

Technical Analysis of USD/JPY for March 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Final GDP q/q...

The strong risk rally of the last few days seems to have stalled pre-ECB, as China promise to deliver took commodities on a steep rally yesterday, on Thursday ECB will need to deliver on their promise. Expectations are high ranging from expansion of QE to corporate bond buying...

Daily Analysis of USDX for March 08, 2016 The USDX is trying to break the bottom formed around the zone of 97.13 and we can expect another decline towards the support level of 96.61...

Daily Analysis of GBP/USD for March 08, 2016 In the H1 chart, GBP/USD is forming another bullish pattern below the resistance level of 1.4267, where bulls are still trying to break higher in order to strength the bullish bias on a short- and medium-term basis...

The Australian dollar is declining against the U.S. counterpart after China has released the data on trade balance, exports and imports. China is the Australia's main trading partner, thus slowing down of the country's economy have a negative impact on the Aussie...

EURUSD Daily Forecast: March 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.0940 but whipsawed to the upside and closed higher at 1.1013. This fact keeps the bullish intraday bias remains intact challenging 1...

GBPUSD Daily Forecast: March 08 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.4133 but whipsawed to the upside and closed higher at 1.4262. The bias is bullish in nearest term testing 1.4300...

USDJPY Daily Forecast: March 08 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday and slipped below 113.15 earlier today. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 113.15 testing 112...

USDCHF Daily Forecast: March 08 2016 USDCHF Forecast The USDCHF was indecisive yesterday. Price attempted to push higher, topped at 1.0012 but whipsawed to the downside and closed lower at 0.9950. Once again, 1...

The Australian dollar sprung to life again last week against its U.S. counterpart, rallying more than 300 pips from its lows and managing to close near its week high...

EAs can assist traders and here are the results to prove it. After losing 3 trades on Friday, we came roaring back on Monday with 7 consecutive winning trades. We closed 3 sell trades with a total profit of 80 pips...

Hawks are rarer birds on the FOMC these days, and the most important among them, Fed Vice Chair Fischer, played his role in remarks today. He cited “the first stirrings of an increase in the inflation rate” as a sign that its “Phillips curve” tie to the jobless rate is still working...

The GBP stabilised this regardless of weaker data. In particular last week’s weaker than expected services PMI should be taken as an indication of more muted domestic conditions to the detriment of inflation and rate expectations...

The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower. Our targets are towards 1...

AUDCHF: The Upside Prevails as long as 0.72000 is support. If Downside breakout of 0.72 would call for 0.701 and 0.69. The RSI is trading above 70. This could mean that either the pair is in a lasting Uptrend or just Overbought and that therefore a correction could shape...