August 2014 Blog Posts (20)

USD/JPY: Bank of Japan can push the pair higher

USD/JPY: Bank of Japan can push the pair higher



Current trend

After long rise last week the pair is now consolidating around key resistance level of 104.10. Dollar is still quite strong thanks to the positive stats from every economic sector as well as the possibility of interest rate raise. Meanwhile, Japan can’t compete with such stats. At the end of the week Yen started to regain its positions but then again lost due to the weak unemployment data and Japanese… Continue

Added by AlexanderLF on August 29, 2014 at 1:42pm — No Comments

AUD/USD: analysis and forecast

AUD/USD: analysis and forecast



Current trend

Today the pair AUD/USD has reached four-week highs at 0.9374, and then been corrected. Investors are waiting for the preliminary data on US GDP. If the positive forecast proves itself right, the pair will be corrected to the levels of 0.9320 and 0.9280.



Support and resistance

Technical indicators give controversial signals, reflecting indecisive market. Bolinger Bands show a divergence, however the… Continue

Added by AlexanderLF on August 28, 2014 at 2:41pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CAD

Forex: Ichimoku Clouds. Review of USD/CAD



USD/CAD, H4

On the four-hour chart Tenkan-sen line has crossed Kijun-sen from above, forming Dead Cross reversal pattern. Chinkou Span line is below the price chart; current cloud is ascending. The pair has broken down the cloud and is still falling. The lower border of the cloud becomes a resistance level at (1.0922). One of the previous minimums of Chinkou Span line is expected to be a support level at… Continue

Added by AlexanderLF on August 27, 2014 at 12:56pm — No Comments

EUR/USD: last year’s lows don’t seem impossible anymore

EUR/USD: last year’s lows don’t seem impossible anymore



Current trend

An abrupt fall of the European currency against US Dollar has slowed down, but trend reversal won’t be formed any time soon. Demand of Dollar is increasing, while the Europe releases are still negative. Yesterday’s key indices from Germany were disappointing. Lfo Business Climate has dropped down to the level of 106.3 points, Current Assessment — down to 111.1 points and Expectations index — down… Continue

Added by AlexanderLF on August 26, 2014 at 2:31pm — No Comments

GPB/USD: analysis and forecast

GPB/USD: analysis and forecast



Current trend

The pair GBP/USD is still falling. At the beginning of today’s session the Pound has hit the lows at 1.6540, but been corrected later to the level of 1.6580. The pair continues downward movement despite Mark Carney’s promise to raise interest rate. Moreover, regulator decided to harden monetary policy.

This week Bank of England is on vacation, so investors’ attention is drawn to the USA, where Durable Goods Orders,… Continue

Added by AlexanderLF on August 25, 2014 at 2:30pm — No Comments

5 Trading Mistakes that will Destroy Your Trading Account

This is my first post here at Forexspace and i am here to share my experience that i have gained in my trading life.I am trading Forex at Xm.com for 4 years and  still didn't face any problem.Well,Today I will share  about the trading mistakes that you should avoid to win in your trading life.

Most newbie  Forex traders impose full throttle towards the Forex market with high earnings targets,unfortunately …

Continue

Added by Mohammad Maidul on August 22, 2014 at 11:30pm — No Comments

Forex: Ichimoku Clouds. Review of Brent

Forex: Ichimoku Clouds. Review of Brent



Brent, H4



Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, forming trend reversal pattern. Chinkou Span line is crossing the price chart from below; current Kumo-cloud is descending. The closest support level is Tenkan-sen line (101.96). The next obstacle for the price on its way up will be the lower border of the cloud at 102.72.







Brent,… Continue

Added by AlexanderLF on August 22, 2014 at 3:29pm — No Comments

Forex: Ichimoku Clouds. Review of XAU/USD

Forex: Ichimoku Clouds. Review of XAU/USD



XAU/USD, H4



Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The closest resistance level is Tenkan-sen line (1287.08). One of the previous minimums of Chinkou Span line is expected to be a support level at 1267.22.







XAU/USD, D1



On the daily… Continue

Added by AlexanderLF on August 21, 2014 at 4:46pm — 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 above Kijun-sen, they are both directed upwards. Chinkou Span line is above the price chart; current Kumo-cloud is still ascending. The pair is stillgrowing, the closest support level is Tenkan-sen line (0.9086). One of the previous maximums of Chinkou Span line is expected to be a resistance level at 0.9130.







USD/CHF,… Continue

Added by AlexanderLF on August 20, 2014 at 1:14pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



The currency pair EUR/USD started this week with the decline. European currency is under pressure from poor data on trade balance in Eurozone. This index has been decreasing for the third consecutive month, reaching the level of 13.8 billion euro in June. Note also that the restrictions in imports of the products from European countries introduced by the Russian Federation has have a negative impact on Euro. In… Continue

Added by AlexanderLF on August 19, 2014 at 3:38pm — No Comments

GPB/USD: analysis and forecast

GPB/USD: analysis and forecast



Current trend



Last week, volatility in the pair GPB/USD was high. In the middle of the week the pair went up the level of 1.6844, but then sharply went down to the level of 1.6656. As the result, by the closing session on Friday, quotes could not consolidate above the level of 1.6700. The decline was caused by the data, which showed that wages in the UK dropped by 0.2%. In addition, the Bank of England has lowered forecast of… Continue

Added by AlexanderLF on August 18, 2014 at 3:08pm — No Comments

EUR/USD: the decline in Euro will continue

EUR/USD: the decline in Euro will continue



Current trend

European currency has been trading near the key support level of 1.3350 for a few days. All attempts to breakthrough this level, have been unsuccessful, although Euro has been under pressure throughout several weeks. Geopolitical tension and sanctions have had a negative impact on the European economy; the demand for Euro continues to decrease, while negative indices help intensify pressure on Euro. It became… Continue

Added by AlexanderLF on August 14, 2014 at 1:52pm — No Comments

GBP/USD: Pound has started to win back losses

GBP/USD: Pound has started to win back losses



Current trend

At the beginning of the week the British currency tries to regain losses against the USD after the significant decline. The pair is supported by investors, who started to take profit on short positions for the pair GBP/USD near the key support level. In addition, the USD has dropped in price amid yesterday’s poor data on the US labour market. The number of vacancies and labour turnover in the USA was below… Continue

Added by AlexanderLF on August 13, 2014 at 1:14pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend

The price of Brent fell last Friday, after the news that the USA are planning to attack militants in Iraq. Investors took this news as an indication of the upcoming stability in Iraq, one of the largest oil production countries in the world. Under the pressure from this news Brent fell below the level of $105.00 per barrel.

Important news, which can affect the price of Brent, is not scheduled for release today.… Continue

Added by AlexanderLF on August 11, 2014 at 2:37pm — No Comments

EUR/USD: geopolitical situation is the priority No 1

EUR/USD: geopolitical situation is the priority No 1



Current trend

On Thursday European statistics were disappointing, while American data was above expectations. However, despite this fact the pair failed to consolidate below the local lows and the key support level of 1.3370. As it became known industrial output index in Germany was only 0.5%. The interest rate decision of the ECB as well as the press-conference had hardly affected the rate of the… Continue

Added by AlexanderLF on August 8, 2014 at 2:37pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend

Yesterday, the currency pair USD/JPY had a not very good day. The pair has been declining throughout the whole day. In the evening, following the release of US news on trading balance and oil inventories, the pair sharply went down up to support level of 101.80. However, after that the pair won back the lost positions. At the closing session the pair traded near the level of 102.00.

This morning after the opening of… Continue

Added by AlexanderLF on August 7, 2014 at 1:05pm — No Comments

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend

Following the significant decline, the British Pound had slightly corrected up to 1.6870, but then fell to the level of 1.6840. Further decline in the pair has been prevented by positive data on business activity index in the service sector of Great Britain, which also cause the rise in the pair GBP/USD up to resistance level of 1.6880. However, the pair failed to consolidate at this level as this requires additional… Continue

Added by AlexanderLF on August 6, 2014 at 11:53am — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend

After failing to break out the level of 103.00, the pair USD/JPY started the correction. However, the Yen exceeded resistance level of the yearly downtrend, therefore, in the short-term the pair may go up to the level of 105.44.

On the daily chart indicators give mixed signals. MACD histogram is above the zero line; its volumes are increasing, indicating that uptrend will continue. The signal lines of Stochastic… Continue

Added by AlexanderLF on August 5, 2014 at 2:00pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend

Last week the USD fell down against major competitors, following the release of poor US macro-economic statistics. It became known that the number of new jobs was below the forecast, amounting to 209 000. Unemployment rate went up by 0.1% in July, amounting to 6.2%. Although ISM business activity index in the manufacturing sector was above the forecast, amounting to 57.1 points, investors did not become more optimistic about… Continue

Added by AlexanderLF on August 4, 2014 at 3:22pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis



Current trend



The British pound continues to decline against the USD. Because of lack of strong fundamental data, investors started to close long positions, as quite recently the price of GBP/USD has reached the five-year highs. Yesterday’s statistics on housing price index in the UK was not able to change downtrend. Today, market participants are waiting for the US news on the number of jobs outside agricultural sector (15:30… Continue

Added by AlexanderLF on August 1, 2014 at 1:21pm — No Comments

Monthly Archives

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

1988

1978

1975

Featured Brokers

© 2019   Created by Sam Wexler.   Powered by

Badges  |  Report an Issue  |  Terms of Service