EURUSD: With the pair closing higher the past week, further bullishness is expected in the new week. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1...
selling signal...
GBP/AUD is a good pair for swing trading. GBP/AUD gave a very good sell trade in the first week of 2017. Is the downtrend over? This is an important question. I have written this blog post in which I explain how to analyze GBP/AUD...
USDCHF: The pair closed further lower the past week though we could see a recovery higher in the new week. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.0000 level and then the 0.9950 level...
First, a review of last week’s forecast: - The behaviour of the EUR/USD pair did not deliver any surprises in the first half of the week. First, as predicted by graphical analysis, it attempted to climb to the height of 1.0650. Having almost reached the intended target (1...
Hello Traders, Just a quick round up. So according to my indicator (Currency Score) AUD has been the strongest currency in the month of January, while GBP has been the weakest. This draws our attention to $GBPAUD pair. The pair broke a weekly trendline recently and is now falling with full force...
The soaring CRB RIND commodity index,up 2.3% this year, is an indication that there is still some real demand in commodity markets. However for FX watchers of AUD and NZD, it has been the USD side driving these pairs through key technical levels. AUDUSD broke out of the top end of a channel at 0...
Channels are formed when price starts bouncing between two parallel trendlines. When price hits the upper trendline we sell and when price hits the lower trendline we buy. Sounds simple? Yes it is. The problem lies in finding the channel which you will trade...
USD Needs Strong Data Today to Stave Off Pullback Talking Points: - DXY Index trading within yesterday's range, although heading lower once more. - EUR/USD and USD/JPY continue to be primarily driven by what's happening with US yields and rate differentials. Webinar Schedule...
Trend trading is what makes fortunes for professional traders. Trading trends on lower timeframes can be confusing and tiring. However if you trade trends on daily chart, you don't need to stay glued to the charts all day...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, January 13th Yesterday the GBP/USD pair fell for about 150 points, stepping back to its red zone, located near mid-point of 1.21...
Fed Rate Speculation Warms, Doesn’t Revive Dollar Talking Points: A round of Fed presidents nudged the Dollar, Treasury yields and implied Fed Fund rates higher Thursday President-elect Trump's lack of clarity on US fiscal stimulus, tax cuts and trade policy still hangs over the market US earning...
On 11 Jan 2017 06:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for NZDUSD currency pair at 0.70419 under 5, 190, 30. The position closed on 13 Jan 2017 06:00 AM UTC at 0.71036 and the profit was 0.88%. AdMACD parameters for NZDUSD on close were 5, 190, 30...
On 12 Jan 2017 12:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for USDZAR currency pair at 13.7248 under 21, 27, 28. The position closed on 13 Jan 2017 06:00 AM UTC at 13.5422 and the profit was 1.33%. AdMACD parameters for USDZAR on close were 21, 27, 28...
USD/CAD at Risk for Further Losses Sub-1.33 Talking Points USD/CAD Responds to slope support- Strength to be sold sub-1.33 Updated targets & invalidation levels...
On 11 Jan 2017 06:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURUSD currency pair at 1.05595 under 7, 262, 4. The position closed on 12 Jan 2017 07:00 PM UTC at 1.06414 and the profit was 0.78%. AdMACD parameters for EURUSD on close were 7, 262, 4...
GBP/USD ’Flash Crash’ Range in Play Ahead of U.K. CPI Talking Points: -NZD/USDBreaks Near-Term Range; Eyes December High. -GBP/USD‘Flash Crash’ Range in Play; BoE Warns of ‘Notable’ Inflation Ahead of U.K. CPI. Currency Last High Low Daily Change (pip) Daily Range (pip) NZD/USD 0.7137 0.7145 0...
Bitcoin as a cryptocurrency has become very popular with a lot of people. Bitcoin price jumped above $1000 in the first week of this year for the first time after 3 years. Most of recent demand for bitcoins is coming from China...
EURUSD: With the pair taking back its intra day losses to close higher on Wednesday and following through on a rally during Thursday trading session, more strength is envisaged. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level...
