Fundamental Forecast for Yen: Neutral USDJPY Rallies as US GDP Rebounds Strongly in the Second-Quarter USDJPY Attempting to Breakout The USDJPY broke out of the bearish trend from earlier this year as the Federal Open Market Committee (FOMC) scaled back its dovish tone for monetary policy, but th...
Fundamental Forecast for Pound: Bearish British Pound breakdown looks like the real deal, further losses ahead Disappointing UK Manufacturing data sends the GBP to fresh lows Traders sent the Sterling lower for the fourth-consecutive trading week, and whether it can recover into the new month may...
USDCAD has finally turned bullish now after recent decisive break out of a downward channel. A break indicates a completed corrective decline from the high so we suspect that pair will stay bullish now and attach 1.1270 highs of the year. We are bullish now on USDCAD as long as 1...
Fundamental Forecast for Dollar: Neutral NFPs may have dampened momentum behind rate forecasts just before a true trend was set Risk trends may single-handedly carry the dollar’s next move – whether full blown trend or begrudging correction The most capable backup for the dollar’s run also happen...
The US Dollar is definitely very strong. If we were to look on any chart time frame less than the daily, we see quite a strong uptrend. However, it doesn't look like it is here to last. The USDCHF pair is nevertheless testing a range...
Australian rate decision: Tuesday, 4:30. The Reserve Bank of Australia maintained rates at 2.5% on its last meeting in July, despite rumors of a possible rate cut. RBA Governor Glenn Stevens declared the currency was “overvalued” but kept monetary policy unchanged...
NZDUSD is starting to approach and eventually touch and test the trend line for the third time. With the RBNZ announcing an interest rate hike, this may spur demand in the NZD. However, the USD still remains strong despite an expectations miss of Friday's NFP results...
For most new traders, the biggest challenge is getting a profitable strategy that works for the long term. Usually, trend-following systems are favored because they tend to have a very good risk-to-reward ratio...
Estimated pivot point is at the level of 1.0787. Our opinion: Buy the pair above the level of 1.0787 with the target of 1.0990 – 1.10. Alternative scenario: Breakout of the level of 1.0787 will allow the pair to decline up to the levels of 1.07 - 1.0616...
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Estimated pivot point is at the level of 0.9003. Our opinion: Buy the pair from the correction above the level of 0.9003 with the target of 0.9130 – 0.92. Alternative scenario: Breakout of the level of 0.9003 will enable the pair to continue the decline to the levels of 0.8950 – 0.89...
Estimated pivot point is at the level of 1.6925. Our opinion: Sell the pair from correction below the level of 1.6925 with the targets of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.6925 will enable the price to continue the rise up to 1...
Estimated pivot point is at the level of 1.3414. Our opinion: Sell the pair from correction below the level of 1.3414 with the target of 1.3290. Alternative scenario: Breakout of the level of 1.3414 will allow the price to continue the rise up to the levels of 1.3450 – 1.35...
Seven habits of a successful trader. Responsibility to take your own risk: For the success full trader take every risk every decision on his own responsibility to all time. you will never meet a successful trader who is looking to blame someone...
USDJPY has been heavily consolidating on the high end of 101.20 zone. You say wedge I say consolidation, but that doesn't matter. The last two weeks as it looks like shows a massive buying pressure...
I am a new trader and also new to MT4 so kindly direct me on how to start.All ideas and lessons are welcome...
After working at J.P. Morgan for five years, Loganchuk founded Upgrade Capital to provide opportunities to students who have no way of proving their financial capabilities when applying for jobs...
Last week inflation fell deeper in EUR-zone, to 0.4%, and cast a dark cloud on quite satisfactory employment and consumption data. The pound continued falling on more weak data in what looks like a u-turn rather than a correction...
Bollinger Bands indicator is used to identify and analyze trending markets. In a trending market this indicator clearly shows up or down direction. This indicator can be used to determine the direction of the forex trend...
