EURUSD: The pair rejected higher prices to sell off and close lower the past week. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Its daily RSI is bearish and pointing lower supporting this view...
Given that US financial conditions have tightened of late, investors will also want to know if the Fed will tolerate further tightening (eg, USD appreciation...
COSMOS4U published the new optimized AdMACD Indicator parameters for the 50th week of 2016. Click here to check the new parameters of EURUSD, EURAUD, EURCAD, EURGBP, EURJPY, USDJPY, USDCAD, USDCHF, USDZAR, GBPUSD, GBPJPY GBPAUD, AUDUSD, AUDJPY, NZDUSD, XAUUSD, XAGUSD...
USD/CAD is a highly volatile pair. It changes direction all of a sudden. If you want to trade USD/CAD profitable then you must focus on keep the stop loss small. I use H4 timeframe to make the entry direction once I have analyze the daily and the weekly timeframes...
First, a review of last week’s forecast: - Last week’s forecast for EUR/USD considered a number of scenarios, all of which came true with a close to 100% accuracy...
Pivot Points are very popular with professional traders. Pivot Point formula is based on previous day's high, low and close which makes it a leading indicator. There are 5 different pivot point formulas...
Since the US election, GBP has been the best performing currency in G10 against the USD. In this piece we argue that no individual factor, when taken in isolation, succeeds at providing a convincing explanation of this outperformance...
Will the Fed Kill the Dollar Rally? . With 3 central bank rate decisions on this past week’s calendar, it has been a very lively week in the foreign exchange market. The greenback traded higher against all of the major currencies, rising to its strongest level versus the Japanese Yen in 10 months...
The 28Pairs Currency Strength Trading System - also known as Double-GAP Strategy - is our primary trading philosophy and is based on exploiting individual currency strength and weakness. The principle idea is buying strength and selling weakness...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, December 9th Today the euro bears took a breather in Asia allowing the EUR/USD pair to recover part of its recent significant losses...
Candlestick patterns are important trend reversal and trend continuation signals. There are only a few important candlestick patterns that you need to know. These patterns need to be seen in the context of the trend...
Trading recommendations Sell Stop 1.0580. Stop-Loss 1.0620. Targets 1.0530, 1.0485 Buy Stop 1.0620. Stop-Loss 1.0580. Targets 1.0720, 1.0770, 1.0830, 1.0900, 1.0975, 1...
Candlesticks are powerful charting tool that a trader must master. I mostly use candlesticks in my trading. Using candlesticks I have been able to lower risk down to 10 pips. I only use stop loss between 10-20 pips based on candlestick pattern high or low...
GBPUSD: The pair turned lower on Wednesday leaving risk of more weakness on the cards. However, its correction higher is not over yet. On the downside, support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, December 8th The USD/CAD pair corrects after yesterday’s massive rally triggered by BoC’s decision...
Trading recommendations Sell in the market. Stop-Loss 0.7520. Take-Profit 0.7445, 0.7375, 0.7315, 0.7290, 0.7200, 0.7140 Buy Stop 0.7520. Stop-Loss 0.7480. Take-Profit 0.7600, 0.7700, 0.7750, 0.7820 Technical analysis The US dollar declines in the currency market...
EURUSD: The pair continues to retain its upside pressure on correction. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, December 7th The Aussie fell sharply this morning in the pair with American peer as Australian economy provided the market with extremely disappointing data...
Dynamic trend: Turned up Background: W1 – very weak; D1 – weak Phase: Markup Support: 1.066 Resistance: 1.079...
50% Probability That USD Index begin a New Down Trend. After rising to a 13 years high USD Index formed a Complex Head-and-Shoulders Top. The pattern appear with one Left Shoulder [SL] and two Right Shoulders [RS1 - RS2]. Neck Line slope to the down side...
