Mike Dennis / Profil

EURUSD is in consolidation mode above the 200% extension of the June/July advance near 1.3325 Our broader bias is negative in the euro while under 1.3560 A close under 1.3300 is needed to confirm that a new leg lower is underway A turn window is eyed early next week A weekly close back over 1...

Consumer Price Index (CPI) is the change in the price of goods and services purchased by consumers. We will have this high impacted news event on Monday, August 19 so this smallarticle is related about how to use and to trade this CPI...

1. Price Action is not a System One thing that many beginning price action traders get confused about is that price action is not a trading ‘system’...

One of the basic foundation of technical analysis is that prices move in trends. The corollary to this premise states a trend in motion is more likely to continue until it reverses. So as long as the trend is intact, trendlines could be used as a buying and selling areas...

Setting times to trade really does make a lot of sense with the near-term view that forex valuations carry, and the fact that each 24 hour period has to absorb three regional commercial market's trade, in Asian, Europe and the U.S...

The improving U.S. economy and the threat of an early interest rate hike by the U.S. Federal Reserve helped boost the USD/JPY in July. This developing trend is expected to continue if the U.S. economy continues to be supported by strong jobs and inflation data in August...

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...

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...

NZDUSD Technical Strategy: Sidelines Preferred Hammer May Fail To Sustain Upside Momentum Selling Pressure Looms Overhead At 0.8530 NZDUSD is back above the 0.8460 mark may fail to find follow-through with a Hammer formation lacking confirmation at this stage...