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Let’s begin with a quote in Latin. That will put us in the right mood – reaching for the eternal verities: “Fere libenter homines id quod volunt credunt”. That was written by Julius Caesar in his De Bello Gallico, his account of the conquest of Gaul...
Fundamental Forecast for Yen: Bullish Bank of Japan disappoints, Japanese Yen relatively unchanged USDJPY posts largest move in four weeks The Japanese Yen rallied sharply a complete lack of market news. Why is this significant, and what does it tell us about the next moves for the USDJPY...
Fundamental Forecast for Dollar: Bullish The Dollar looks to be jostled by its larger counterparts until rate speculation recovers or risk trends accelerate A drop in Yields may be better viewed as a rally in Treasuries – Fed speculation versus haven demand The US Dollar advanced against most of...
For providers' convenience we have decided to cancel the mandatory test period for paid signals. This means that you can start selling your trading signals right now. Previously, providers had to endure one month of public monitoring...
German Economic Sentiment; UK employment data; Mark Carney’s speech and inflation report; US unemployment claims, PPI, consumer sentiment are the major topics in Forex calendar. Check out these events on our weekly outlook...
“USDCAD has fallen apart which ironically means it is probably going to find some sort of low soon. The rate is nearing important price levels. The 2011 high at 1.0657 and current year open at 1.0634 are possible supports...
The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
Fundamental Forecast for British Pound: Neutral All Eyes Are on the BOE Quarterly Inflation Report in the Week Ahead British Pound May Correct Higher Absent Major Dovish Rhetoric Shift The outlook for monetary policy continues to be the dominant driver of British Pound price action...
“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st...
“The combination of the .9400 figure and weekly RSI failing near 60 indicates a lot of overhead to punch through. Since the 2011 top, each RSI failure near 60 has led to a top or topping process (range for several weeks then a breakdown...that may be the case now).” The May low and 200 DMA at...
“Of note is a weekly outside reversal and weekly RSI rolling over from above 70 this week. Prior instances of RSI rolling over (2004, 2006, and 2007) from above 70 indicated tops of at least several months...
“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
In recent hours the AUDUSD is easing back a little after dropping so sharply in the last 24 hours from above 0.9350 down to a two week low at 0.9260. In the last 48 hours the Australian dollar had surged higher to a one week high near 0.9375, before easing back and then falling sharply...
Swing Highs and Lows The first thing that we need to recognise is what is a Swing High and Swing Low. This is probably the easiest part of price action and bar counting although the whole process gets easier with practice. I define a swing high as; A three bar combination...
Stock Investing Advices #1: Simple Business Model It is not just about simplicity, but also something that you can understand. Stock Investing Advices #2: Wide Economic Moat Simply said, the company should serve valuable niche market with price inelastic products or services...
1. Stock market investing vs. trading. Real stock market professionals understand that you cannot make money fast by investing into dividend paying stocks for the long haul. Stock trading is the only way for fast stock market investing success...
Key Terms And Concepts When it comes to forex trading, there are some basic terms and concepts that should be understood: Exchange rate: Exchange rate is simply the price of one currency in terms of another's. There are two components, the domestic currency and the foreign currency...
A Double Bottom is formed when price tests a previous low and bounces. Buy orders can be placed just above previous low. Limit orders can be set at most recent swing high, stop set 33% of limit distance. One way to trade ranges, is to look for the Double Bottom chart pattern...
Estimated pivot point is at the level of 1.0880. Our opinion: Buy the pair from correction above the level of 1.0880 with the target of 1.10 – 1.1050. Alternative scenario: Breakout of the level of 1.0880 will allow the pair to continue the decline to the level of 1.08...
