EUR/USD: Bouncing Off Trend-Line

The EUR/USD exchange rate is still trading on the July '12 trend-line however it is rising bullishly at the moment. We have had a surge this morning which has taken it up to 1.2980 where a thick band of resistance, including the 50-day MA is situated. If it manages to break above 1.3000 then it is possible we could see a move higher to the 1.3170 highs. It's looking less…

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Most beginning traders are sure that it is possible to trade Forex profitably and easily. They usually assume that perfunctory knowledge is enough to make money in financial markets in general and Forex in particular. Alas, they are wrong. Obviously, it is possible to trade Forex profitable. However, it cannot be done without specific knowledge, skills and experience.



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AUD/USD: Bouncing in Down-Trend

The aussie has resumed its descent and reached close to previous lows at 0.9580 which might be expected to provide support. It has recovered strongly today and climbed back up although it will meet resistance at 0.9765 from the down-sloping trend-line for the move, at which point it could stop and resume its descent. The 0.9387 lows are next in focus although ultimately…

1. Current trend

Look at the four-hour chart of the pair EUR/USD. Since the beginning of the month the pair has moved in the downward channel. Yesterday the “bulls” tried to leave the channel and change the trend; however they failed, as resistance levels, which coincided with Fibonacci 50.1 and 61.8 blocked the way. Most indicators show further decline in rate. All three moving average lines are lined up in the downward order. The signal line and histogram are in the…

EUR/USD: Tentative Recovery

The EUR/USD pair failed to follow-through after the bearish break below the July '12 trend-line. It has started to rebound, forming an inverted head and shoulders pattern with a neckline at 1.2930; a decisive break above which could lead to a rally up to 1.3070 eventually, although strong resistance at 1.2980, composed of the 50 and 200-day MA could slow progress on the way up.…

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Choosing a reliable broker has always been some of the key problems for Forex traders. Indeed, your knowledge and skills along with winning strategies are not the only key factors of successful trading. Without a reliable partner (i.e. your broking company) it would be impossible to make money in financial markets, no matter how skillful you are. If the broker is against you, you have no chance of…

XAU/USD, H4

Look at the four-hour chart. The line Tenkan-Sen has crossed Kijun-Sen from bottom to top under the cloud, forming the pattern “Golden cross”. The line Chinkou Span is approaching the price chart from below; current cloud is descending. The price has gone above the line Tenkan-Sen, which becomes the nearest support level (1380.42). Next obstacle on the upward way of price is the bottom boundary of the cloud (1416.45-1407.86).…

1. Current trend of the currency pair USD/CAD

This week the currency pair USD/CAD has traded in the range of 100 points. The pair went up and reached three-month highs at the level of 1.0340 due to expectations that the U.S. Federal Reserve would curtail some of the incentive measures. However, after the statements of several American senior officials that bond purchase program should be continued, the price has corrected and at the moment traded at the level of…

The weakness affecting emerging currencies has left a small margin to the Turkish Lira (TRY) at the moment. On Thursday, May 16^th, we have witnessed a sharp cut in interest rates by 50 basis points which brought the cost of Turkish money to an absolute low of 4.50%, then later, a promotion by Moody's has brought the Turkish rating from Ba1 to Baa3, so at investment grade level. This promotion has coincided with the visit of the Prime Minister Erdogan to the…

Take profit on the open in the Short Aussie $ and the Short Yen positions. We may see a pullback in the US Dollar.

For more trade analysis please visit www.futures-analysis.com and www.fcfutures.com

There is a substantial risk of loss in trading futures, options & Forex

EUR/USD: Trend-Line Broken

Eurodollar has broken down and closed below the major trend-line from the July '12 lows, which is a bearish indication. This morning there has been a recovery to 1.2860 but it is unlikely to go much higher as upside is capped by the underside of the trend-line just breached and a thick grouping of pivots and moving averages at 1.2870. The trend-line break suggests…

As reported by Market Leader (US)

Most beginning traders think that it is easy to trade Forex because catchy commercials told them so. Some of them truly believe in some shady get-rich-quick schemes, which is certainly not the case.



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1. Current trend

Last week the pair reached new highs at the level of 103.30 and completed trading session at the level of 103.10. Opening session started with the gap and the price almost immediately fell to 102 yen per USD; however later the price went up to the level of 102.7, and is still trading at this level.

Technical indicators give mixed signals. MACD shows the decline: the signal line is directed down, volumes continue to decrease. Stochastic is near the…

AUD/USD: Attempting Triangle Breakout

The aussie dollar has fallen to a major support level provided by the lower boundary of the multi-month triangle it has been moving in on the long-term charts. It looks poised to break lower after showing even more weakness today. It has broken down through the monthly pivot which was adding its weight to support at 0.9835. However, a daily close below 0.9780 would be…

Japanese Yen and the Aussie $ were slightly higher yesterday but the downtrend continues to be confirmed by our indicators. Hold on to these positions.

More trade information available at www.futures-analysis.com

and www.fcfutures.com

There is a substantial risk of loss in trading futures, options &…

As reported by Market Leader (US)

Over the last few years, the word collocation “European crisis” has turned into a set expression. It’s been almost 5 years since it began. Europe seems to have suffered most of all form the global crisis. 2 years ago a new wave of crisis broke out, thereby turning into a severe debt and banking crisis in the EU and the eurozone.



Good news are scanty while bad news keep coming from Europe…

holding on to our short positions in the Japanese Yen and the Aussie $. Sugar #11 was slightly lower today and we expect this market to continue its slide lower.

For more info please visit www.futures-analysis.com

www.fcfutures.com

EUR/USD: Supported By Trend-Line

Eurodollar has now fallen to support from a trend-line and major pivots at around 1.2860. It is currently consolidating at this level. If it breaks down and closes below the trend-line then it will signal a bearish reversal with a downside target of 1.2450 – although the monthly pivot at 1.2580 is a closer more achievable target. Alternatively a strong move above the 1.2890…

AUD/USD: Close to Triangle Border

The aussie has broken down out of the sideways consolidation range on the weekly chart. It will probably now eventually fall to the lower border of the multi-month triangle at 0.9780, however, it has already reached strong support from the level of the monthly pivot at 0.9830, which could lead to a bounce first, with a move above 0.9920 giving bullish confirmation of a rally,…