The dollar ended the week higher against a basket of major currencies on Friday, one day after a stronger-than-expected U.S. jobs report for June revived speculation over when the Federal Reserve may start to raise interest rates. The Labor Department reported that that U.S...
NZD/USD Technical Strategy: Sidelines Preferred Hanging Man hints at a reversal to support at 0.8700 Awaiting close of candle on four hour chart to offer signal NZD/USD could be primed for a further pullback following the emergence of a Hanging Man pattern on the daily. A push below support at 0...
Morning on H1, M30 opened child channel with the direction of down...
Some people stay far away from forex because they believe that making the wrong move and losing a single trade is the end of their account...
The DAX as you can see had a positive week over the last five sessions, but remains just below the recent highs. We did in fact close above the €10,000 level though, so we believe that the momentum is certainly with the buyers at this point in time...
The Nikkei initially fell during the course of the week, but found enough support down nearly ¥10,000 level to turn things back around. A break above the ¥10,250 level would be more than enough to start buying now, and we think that ultimately this market will go higher...
The NZD/USD pair had a slightly negative week over the last five sessions, that’s not to be very surprising in general, simply because this is the high that we had seen the pullback from. Nonetheless, we believe that this market doesn’t factor higher, and a move above the 0...
Fundamental Forecast for Australian Dollar: Neutral Wild Week For The Aussie After hitting a fresh 2014 high during Tuesday’s session and briefly probing above the 95 US cent handle, the Australian Dollar ended the week as the worst performer against its US counterpart...
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...
