Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders. Top news of the week: Europe's economic gloom dispelled...
A marked downward revision in the U.S. growth rate may generate a short-term rebound in EUR/USD should the preliminary 4Q Gross Domestic Product (GDP) report dampen bets for a mid-2015 Fed rate hike...
USD/CAD Technical Strategy: Flat Support: 1.2328, 1.2181, 1.2035 Resistance: 1.2564, 1.2646, 1.2827 The US Dollar remains locked in a familiar range below the 1.27 figure against its Canadian counterpart after turning lower as expected. A daily close below the 1.2328-81area marked by the 38...
GBP/USD Technical Strategy: Long at 1.5373 Support: 1.5395, 1.5322, 1.5180 Resistance: 1.5573, 1.5737, 1.5923 The British Pound put in a Bearish Engulfing candlestick pattern, hinting a move lower against the US Dollarmay be ahead. A daily close below channel support at 1.5395 exposes the 14...
USD/JPY Technical Strategy: Flat Support: 118.82, 117.17, 115.48 Resistance: 120.82, 121.91, 123.88 The US Dollar remains locked in a narrow range between channel support and the 120.00 figure against theJapanese Yen. A daily close above the December 23 highat 120.82 exposes the 121...
EUR/USD Technical Strategy: Flat Support: 1.1185, 1.0970, 1.0796 Resistance:1.1318, 1.1533, 1.1659 The Euro moved sharply lower against the US Dollar, with prices attempting to clear path to the late-January low anew. Near-term support is at 1.1185, the 23...
The concept of The Forex Fractal is more than just a strategy idea. It was first explained to me in depth by top trader and CTA (Commodities Trading Advisor) Chris Lori. If you find what follows interesting, I definitely recommend the study of Chris’s materials...
The US Dollar continues to oscillate in a range above the 1.23 figure against its Canadian counterpart having begun a downward reversal as expected. Near-term support is in the 1.2328-81area, marked by the 38...
The start of 2015 provided an unfavourable backdrop for the EUR, with the single currency facing a triple threat from the ECB’s decision to embark upon a quantitative easing programme, Greek debt negotiations, and diverging economic trends with the US...
With the exception of the German DAX, European stocks have opened trading by easing away from recent highs. I do not think that the bull-run for the German DAX is complete and in the longer-term, it is probably going to continue moving higher...
"The country is bankrupt. We have to face the truth," Hans-Werner Sinn, the president of a prominent Munich-based think tank, said in an interview with Deutsche Welle...
USD/JPY Technical Strategy: Flat Support: 118.62, 117.17, 115.48 Resistance: 120.82, 121.91, 123.88 The US dollar continues to stall, with prices oscillating in a narrow range below the 120.00 figure against the Japanese Yen. Near-term resistance is at 120...
EUR/JPYTechnical Strategy: SHORT AT 135.25 Support: 133.81, 132.04, 129.17 Resistance:135.86, 137.64, 139.95 The Euro appears to have resumed its decline against the Japanese Yen as expected having overturned rising trend support set from late January. A daily close below the 14...
AUD/USD Technical Strategy: Flat Support:0.7851, 0.7715, 0.7625 Resistance:0.7899, 0.8069, 0.8343 The Australian Dollar is attempting to break upward against its US namesake having languished in a narrow range for nearly a month...
NZD/USD Technical Strategy:Flat Support: 0.7514, 0.7479, 0.7421 Resistance:0.7573, 0.7619, 0.7666 The New Zealand Dollar looks to be resuming the advance against its US counterpart, clearing a formerly broken channel floor recast as resistance. A daily close above the 38...
EUR/USD Technical Strategy: Flat Support: 1.1276, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro remains in digestion mode after bottoming as expected against the US Dollar following the appearance of a bullish Morning Star candle pattern. A daily close above the February 3 high at 1...
The indicator of OsMA, marking the decline of activity ofparties, gives founding to priority of planning of tradeoperations of correction and to date...
The indicator of OsMA, marking divergence and tendency ofdecline of activity of parties, gives founding to priority of planning of trade operations of lateral correction with advantage of short positions to date...
Divergence is one of the trade setups used by Forex traders. It involves looking at a chart and one more indicator. For our example we shall use the RSI indicator...
AUD/USD: Short One short position with a trailing stop is still open for the last four weeks. See for more information my weekly reviews on my strategy lately. The AUD is having a currency a score of 4 and and the USD is down 1 point from 8 to a score of 7 compared to last weekend...
