Forex: Ichimoku Clouds. Review of XAG/USD
Let’s look at the four-hour chart. Tenkan-sen and Kijun-sen lines are getting closer above the cloud prior to the formation of trend reversal pattern. Chinkou Span line is approaching the price chart from above; current cloud is still ascending. The pair has broken down Tenkan-sen and Kijun-sen lines, the latter becomes a resistance level at 19.52. The next obstacle for the price on its way down will be… Continue
Added by AlexanderLF on May 16, 2014 at 12:36pm —
Automated Binary Options Trading
There are many reasons for people to …
Added by Michael Markarian on May 15, 2014 at 11:34pm —
GBP/USD: deep correction and a new upward wave
On Wednesday the pair continued to decline despite favourable data on the UK labour market. Unemployment rate amounted to 6.8%, which proved correctness of the positive forecast. However, it is worth noting that the pace of decline in unemployment rate is gradually slowing down, the same as salary growth. The head of the Bank of England, Mark Carney perplexed investors, saying that major economic… Continue
Added by AlexanderLF on May 15, 2014 at 1:47pm —
Forex: Ichimoku Clouds. Review of NZD/USD
On the four-hour chart Tenkan-sen line is above Kijun-sen, they are both directed upwards. Chinkou Span line is above the price chart, current cloud is descending. The pair is trying to break through the upper border of the cloud, which is a resistance level (0.8677). Tenkan-sen line is the closest support level (0.8653).
Let’s look at the… Continue
Added by AlexanderLF on May 15, 2014 at 12:57pm —
One of the more popular ways to trade on financial markets is to make use of strategies which rely on market breakouts. These tend to be favoured by traders as they are easy to set up and offer potential high rewards from the subsequent follow through movement of the break.
Here follows five key rules that you should follow to help maximise your potential to profit from these moves.
1. Pick the right market
If you want to give yourself the best chance of… Continue
Added by Phillip Moore on May 14, 2014 at 11:39pm —
Added by Michael Markarian on May 14, 2014 at 7:08pm —
XAU/USD: analysis and forecast
On Monday gold tried to regained lost positions, closely approaching to 1300.00, but could not maintain this level for long. In the afternoon the pair XAU/USD started to lose positions because of the rapid rise in the USD at the stock market. However, high demand for the precious metal remains due to tension in Ukraine, as gold has always been a tool to hedge risks, including political ones.
Added by AlexanderLF on May 14, 2014 at 12:56pm —
EUR/USD: general analysis
Yesterday, EUR/USD rate has slightly dropped. The pair was under pressure from European news. Management of the Central Bank of Germany said that they support new measures of easing monetary policy, introduced by the ECB. ZEW sentiment index in Germany fell to the level of 33.1 points in May against the previous level of 43 points, which has not been encouraging. Even negative US data was not able to provide support to… Continue
Added by AlexanderLF on May 14, 2014 at 12:49pm —
GBP/USD: Mark Carney may trigger the rise of the pair
On Monday the pair traded in the narrow range of 1.6900-1.6830. Following long-term decline last week, the pair managed to regain part of losses due to new wave of investors’ interest in the British currency. At the moment the pair is trading at the level of 1.6870 not far from the lower limit of the upward channel.
Important British news is not scheduled for the release today. However, there… Continue
Added by AlexanderLF on May 13, 2014 at 2:06pm —
USD/JPY: general analysis
The Japanese Yen continues to decline against the American currency. On the daily chart the pair USD/JPY is trading near resistance level of 2/8 Murray (102.34). Breakdown of this level will open the way to 103.00.
Decision by US Fed to reduce incentive programs has had a positive effect on the American dollar. In Japan current account surplus in 2013 was very low, despite stimulation of economy and lowering in the… Continue
Added by AlexanderLF on May 13, 2014 at 1:30pm —
When it comes to understanding the Forex market there are many confusing terms out there. As one does research on …
Added by Michael Markarian on May 12, 2014 at 6:11pm —
AUD/USD: the pair will continue upward movement
Last Thursday the currency pair AUD/USD had significantly strengthened after release of Australian labour market data. It became known that both employment and unemployment rates were above market’s expectations. Unemployment remained at the previous level of 5.8% against expectation of growth up to 5.9%, while the number of jobs rose by 14.2 thousand against the forecast of 8… Continue
Added by AlexanderLF on May 12, 2014 at 2:49pm —
EUR/USD: the pair fell to the lower limit of the ascending channel
At the beginning of the previous week the pair continued to strengthen; demand for Euro continued to increase and favourable EU economic data provided additional support to the pair, pushing it up to the highs since 2011. However, the level of 1.4000 has become a psychological obstacle for the pair. As soon as the pair had reached this level, investors started to sell overbought… Continue
Added by AlexanderLF on May 12, 2014 at 2:44pm —
Those that trade the …
Added by Michael Markarian on May 9, 2014 at 6:41pm —
Forex: Ichimoku Clouds. Review of AUD/USD
Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current cloud is ascending. The pair has been corrected to the red line, which is still a support level (0.9356). One of the previous maximums of Chinkou Span line is expected to be a resistance level at 0.9386.
Added by AlexanderLF on May 9, 2014 at 12:37pm —
GBP/USD: general analysis
The British Pound continues to trade below resistance level of 3/8 Murray (1.6968), although at yesterday’s meeting the Bank of England decided not to change in monetary policy. Interest rate was left at the level of 0.5%, while volume of bond purchase remained at the level of 375 billion. Experts do not see the point to lower interest rate in the current situation, as it may cause the rise of risks in the real estate market… Continue
Added by AlexanderLF on May 9, 2014 at 12:31pm —
Those that trade the Forex market are unique in many ways. Over the years Forex traders have created many different strategies and techniques for trading. One thing that is become very important for many Forex traders… Continue
Added by Michael Markarian on May 8, 2014 at 8:03pm —
Brent: general analysis
Since the beginning of this week Brent has been traded in the range of 107.00-108.00. Tension around Ukraine continues to provide support to the crude oil Brent. Today, market participant are waiting for the release of report on oil inventory in the US warehouses from US Energy Information Administration. Analysts expect that index will drop. The data on number of initial applications for unemployment benefit will be also… Continue
Added by AlexanderLF on May 8, 2014 at 2:35pm —
Forex: Ichimoku Clouds. Review of EUR/USD
On the four-hour chart Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. After small correction the pair overcomes Tenkan-sen line, which is a support level now (1.3921). If four-hour candle closes above this level, new wave of the upward movement will be confirmed. One of the previous maximums of Chinkou Span line is… Continue
Added by AlexanderLF on May 8, 2014 at 2:30pm —
GBP/USD: new highs or long correction?
The pair GBP/USD is still growing. On Tuesday Pound was supported by positive stats on Services PMI of Eurozone. The demand of British currency has increased and the pair has reached strong resistance level at 1.7000.
Today we can witness small correction, while economic calendar lacks important releases. Investors are waiting for the Janet Yellen’s speech which will probably determine future policy of… Continue
Added by AlexanderLF on May 7, 2014 at 3:53pm —