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Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, December 20th And another rate decision approached the market this morning. The BOJ left its interest rate unchanged at -0.1% with upbeat outlook of the economy...
On 15 Dec 2016 06:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for USDJPY currency pair at 117.902 under 5, 12, 39. The position closed on 20 Dec 2016 01:00 AM UTC at 117.276 and the profit was 0.53%. AdMACD parameters for USDJPY on close were 13, 70, 4...
GBP/USD is a pair that is highly volatile. You never know when it changes it direction. The trick to make a lot of pips with GBP/USD is to keep the risk as low as possible. You can do that by reading the charts and doing your analysis correctly...
Will USDJPY Slip Further on BoJ? The U.S. dollar traded higher against all of the major currencies today except for USD/JPY, which extended its losses for the second day in a row. The topsy-turvy moves in U.S. rates stripped the dollar of its gains against other major currencies...
Pivot Points Daily Last Updated: Dec 19, 3:15 pm -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.02493 1.03364 1.03687 1.04235 1.04558 1.05106 1.05977 USD/JPY 114.34 115.766 116.42 117.192 117.846 118.618 120.044 GBP/USD 1.21209 1.22679 1.2329 1.24149 1.2476 1.25619 1.27089 USD/CHF 1.01337 1.01953 1...
Pivot Points Hourly Last Updated: Dec 19, 3:15 pm -08:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.03782 1.0388 1.03941 1.03978 1.04039 1.04076 1.04174 USD/JPY 116.891 116.997 117.035 117.103 117.141 117.209 117.315 GBP/USD 1.23336 1.2365 1.23767 1.23964 1.24081 1.24278 1.24592 USD/CHF 1.02396 1...
Background: Weak Entry reason (1st trade): Low volume up bar on resistance, with weakness behind Close reason (1st trade): Demand signal Entry reason (2nd trade): Low volume up bar and failed test Following up on last week's post about Euro/Yen, upon reaching the resistance, this pair continued t...
In the Currency Strength table the NZD was the strongest currency while the EUR was the weakest. All the currencies are more or less at the same level as last week. The CAD remains strong for the last 2 weeks with a score of 7...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(5X) followed by the CAD(2X) with the GBP(2X). The weaker currencies are the JPY(4X) followed by the EUR(3X). A nice combination for coming week may be e...
On 19 Dec 2016 02:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for GBPJPY currency pair at 146.845 under 10, 33, 4. The position closed on 19 Dec 2016 08:00 PM UTC at 145.405 and the profit was 0.98%. AdMACD parameters for GBPJPY on close were 10, 33, 4...
Hey traders! Here is my last week progress: XABCD tool: Fixed stop hit detection My last week was still bussy with work related stuff and I am not sure about this one either, because it's holiday time :) Anyway I'm intending to do some work. Read more here...
FX Calendar Thins Out Before Christmas, but Several Key Data Remain Talking Points: - BOJ meets, unlikely to change policy; in fact, BOJ will be happy with recent developments. - Inflation and growth data from Canadian important as BOC takes on dovish tone in recent weeks...
5 Bar Reversal Pattern Trading Strategy is a must have tool that you must have in your trading arsenal. Why? When you see 5 bullish bars in a row or 5 bearish bars in a row, take it as a reversal signal...
The year 2016 is approaching its end, and it seems a proper moment to sum up all events and achievements, success and failures of the past 12 months...
Dollar Bruised, but not Battered Just Yet The dollar and sovereign yields fell overnight while Asian shares printed a new monthly low as the market cashed in some of their recent bets on Trumponomics and the ‘reflation’ trade. This will be a light week on many fronts – liquidity and fundamentally...
I rely on candlestick patterns a lot in my trading. I watch the candlestick patterns on H4 timeframe. When I find the pattern I am looking for I plan a trade. I use the concept of support and resistance also in my trading system. Once I have a trade idea, I use a pending order to implement it...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, December 19th The EUR/USD continues to build recovery at the start of the week from its 14-year lows marked last at 1.0366 spot. Currently the main currency pair is trading above the mid-point of 1...
DAX Challenging Key Level What’s inside: DAX pushes higher 9 out of 11 days, no pullback, could change now that at key resistance Market at risk of a correction here, but not expected to be a sharp decline Long and short considerations...
BOJ weighing next action after Fed rate hike The USD is higher across the board after the Fed finally announced its much awaited rate hike...
