All Blog Posts (3,182)

XAU/USD: analysis and forecast

XAU/USD: analysis and forecast



Current trend

For over a week gold has been trading in the narrow range of 1234.00-1225.00, trying to go beyond these limits. Several attempts to exceed the upper limit and reach the local lows of 1255.00 were unsuccessful.

Today, market is in anticipation of the US Fed meeting. It is assumed that FOMC will announce the termination of the asset purchase program. It is unlikely that interest rates will be raised in the near… Continue

Added by AlexanderLF on October 29, 2014 at 1:34pm — No Comments

Forex: Ichimoku Clouds. Review of GBP/USD

Forex: Ichimoku Clouds. Review of GBP/USD



GBP/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, indicating new wave of the upward movement. Chinkou Span line is crossing the price chart from below; current Kumo-cloud is ascending. The closest support level is the upper border of the cloud at 1.6087. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 1.6181.…



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Added by AlexanderLF on October 28, 2014 at 1:32pm — No Comments

USD/CAD: sideways movement will continue

USD/CAD: sideways movement will continue



Current trend



This week the currency pair USD/CAD has traded in the range of 1.1300-1.1200. In the middle of the week, following the release of the US consumer price index, the price has tested the lower limit of the range, but failed to consolidate below this level. In the near future the price can continue to move in the same range, which can become narrower up to 1.1255-1.1200. It is likely that market participants… Continue

Added by AlexanderLF on October 24, 2014 at 1:47pm — No Comments

USD/JPY: general review

USD/JPY: general review



Current trend



Yesterday, the pair USD/JPY has grown amid the rise in the USD. Following the release of the US consumer price index, which has grown by 0.1%, exceeding the forecast, the USD started to regain lost positions. This week the pair USD/JPY has been trying to consolidate after the recent decline. The price has consolidated above the level of 107.00 after closing at the level of 107.13 at the end of the trading day yesterday.… Continue

Added by AlexanderLF on October 23, 2014 at 3:21pm — No Comments

EUR/USD: low inflation rate can affect USD

EUR/USD: low inflation rate can affect USD



Current trend



On Tuesday the price of the currency pair EUR/USD had corrected significantly, reaching the lows at the level of 1.2705. At the moment the pair has potential to go further down. Market participants are waiting for the release of the US consumer price index for September. It is expected that this index will continue negative tendency, going down from 1.7% to 1.6%. If this forecast proves to be true, the… Continue

Added by AlexanderLF on October 22, 2014 at 12:58pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend

The pair has been growing since the beginning of the current trading session, reaching the local highs at the level of 1.6183 and continuing last week’s trend. The “bulls” will try to overcome the nearest resistance level of 1.621, which is the key one at the moment. The pair GBP/USD will need additional drivers in order to go up and tomorrow’s statistics can act as such a momentum. Tomorrow morning members of the… Continue

Added by AlexanderLF on October 21, 2014 at 11:15am — No Comments

Forex: Ichimoku Clouds. Review of USD/CAD

Forex: Ichimoku Clouds. Review of USD/CAD



USD/CAD, H4

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, forming trend reversal patter. However the downward impetus wasn’t enough and Tenkan-sen line is still a support level at 1.1252. Chinkou Span line is approaching the price chart form above; current cloud is still ascending. Kijun-sen (1.1293) is the closest resistance level. If the pair breaks down the red line, the next… Continue

Added by AlexanderLF on October 20, 2014 at 2:58pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



Yesterday the pair EUR/USD tried to overcome the level of 1.2700. European currency has weakened against the USD due to the rise in yield of the US ten-year treasury bonds. Sharp decline in EUR took place after the release of European inflationary statistics. It became known that consumer price index on annual basis rose only by 0.3%, which is the worst result since 2009. Growth in price within a month amounted to… Continue

Added by AlexanderLF on October 17, 2014 at 1:16pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD



AUD/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart, the cloud can’t reverse and remains descending. The pair has broken down the cloud and is still falling. The closest resistance level is Kijun-sen line (0.8755). One of the previous minimums of Chinkou Span line is expected to be a support level at… Continue

Added by AlexanderLF on October 16, 2014 at 12:43pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis



Current trend

On Tuesday the Pound has cheapen against the USD, and the pair GBP/USD has broken important support level of 1.6000. Currently the pair is traded at the level of 1.5900; in the near future GBP/USD may go further down up to the level of 1.5850.The surge of sale of the British currency was caused by the data on the consumer price, which has grown to the level of 1.2%. This fact can force the Bank of England to postpone the rise… Continue

Added by AlexanderLF on October 15, 2014 at 11:30am — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. During another correction the pair has broken through Tenkan-sen and Kijun-sen lines, it can be a beginning of trend reversal. The closest support level is Kujun-sen line (0.9534). The next… Continue

Added by AlexanderLF on October 14, 2014 at 1:29pm — No Comments

Play safe in the forex market by taking help of the best forex brokers in 2015

The forex market has always been a safe haven for the investors as they think that this is perhaps the best way to make money and build their financial safe. Although the present debt situation in the country is pretty precarious, yet the consumers don’t feel afraid to try their luck in the investment market as they are sure that they can reap some amount of returns. When it comes to the forex market, it is all about playing a safe game with the currencies. The more you trade with the right…

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Added by yuval on October 13, 2014 at 11:31pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend

With the opening of today’s trading session, the pair EUR/USD has slightly grown after the decline last Friday; however, in general, European currency continues to weaken amid overall strengthening in the USD. In addition, European macro-economic statistics show negative performance, indicating slowdown in economic growth. It is likely that in the near future European currency will not have strong drivers capable to change… Continue

Added by AlexanderLF on October 13, 2014 at 3:08pm — No Comments

NZD/USD: upward correction was short

NZD/USD: upward correction was short



Current trend

This week, trading in NZD/USD was mixed and the pair was strongly affected by the US fundamental statistics. On Thursday the price had reached two-week highs at the level of 0.7975 after the release of the minutes of the US Fed meeting, which showed concerns of the American regulator about the strong dollar. The regulator has postponed tightening of the monetary policy once again, which was unexpected for the… Continue

Added by AlexanderLF on October 10, 2014 at 3:01pm — No Comments

GBP/USD: general review

GBP/USD: general review



Current trend



At the last trading session the British currency rose significantly amid the news from the US Fed. Minutes of the meeting of FOMC have shown that interest rates will not be raised in the near future. The minutes also said that strengthening in the USD would have a negative impact on the US economy, especially on the export- oriented sector. Amid these facts the GBP has grown by more than 50 points.

Today, market… Continue

Added by AlexanderLF on October 9, 2014 at 1:17pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend



Last week the pair USD/JPY has reached the highs at 110.00. Market players have been expecting this level since last year. This week the pair started with the fall, but today it went up and is trading around 108.50. Prime minister of Japan Shinzo Abe claimed that weak Yen can affect SME, while Head of BOJ Haruhiko Kuroda doesn’t see any harm in low course of national currency. Chief Cabinet Secretary Yoshihide Suga… Continue

Added by AlexanderLF on October 8, 2014 at 2:57pm — No Comments

USD/JPY: technical analysis

USD/JPY: technical analysis



USD/JPY, H4

On the four-hour chart the pair USD/JPY is traded in the rather wide channel. Currently, the quotes are at the level of 108.66. The price has not reached the lower line of Bollinger bands indicator (108.32) and is being corrected upwards. Following the minor correction, the pair will again fall to the lower moving average line and then the trend will reverse. Probability of the further decline is also confirmed by MACD… Continue

Added by AlexanderLF on October 7, 2014 at 3:32pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



Last Friday the pair EUR/USD continued to decline, dropping to the level of 1.2500, which is a strong support level, coinciding with Fibonacci retracement line of 23.6%. The decline was triggered by the data on the US labor market. Due to positive news the pair hit new lows. It became know that the number of new jobs outside agricultural sector amounted to 248 thousand against the forecast of 215 thousand.… Continue

Added by AlexanderLF on October 6, 2014 at 2:37pm — No Comments

Candlestick Charts Analysis: A Way to Understand the Psychology Of Buyers and Sellers



If you are someone who has just ventured in to Forex, please remember that ways to read



Candlestick charts are an important part of your learning curve. Technical forex traders often



make use of the candlestick charts rather than the traditional charts as they can pack in more



information than the traditional charts. They can be utilized to predict future movements in forex.



In the daily charts the patterns are formed differently but they offer…

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Added by yuval on September 30, 2014 at 12:03am — No Comments

Brent: general review

Brent: general review



Current trend

Yesterday, the price of the crude oil Brent had traded in the narrow channel of 96.42-97.45. Low price level is maintained due to several factors. Last Thursday State Oil Corporation of Libya National Oil Corporation increased production of oil to 925 thousand barrels per day. Member of the OPEC gradually returns to the market after one year absence caused by the complicated political situation.

Another factor, which puts… Continue

Added by AlexanderLF on September 29, 2014 at 4:05pm — No Comments

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