November 2013 Blog Posts (58)

GBP/USD: analysis and forecast

GBP/USD: analysis and forecast



Current trend



Yesterday afternoon quotes of the currency pair GBP/USD fell to 1.6070 in respond to the publication of the minutes of the US Fed’s last meeting. Members of the Open Market Committee confirmed recovery of the American economy and considered a possibility to curtail bond purchase program in the near future; however they decided to postpone this measure until further improvements in the labour market.

Today… Continue

Added by AlexanderLF on November 21, 2013 at 12:21pm — No Comments

USD/CHF: the pair will continue to decline

USD/CHF: the pair will continue to decline



Current trend



Following bears’ failure to break down resistance level of 0.9240 at the beginning of the month the pair returned to the downward channel. Now the pair USD/CHF is trading below the level of 38.2% (0.9100), Fibonacci retracement, which has been acting as a support level for a few days. If the pair manages to consolidate below this level, the decline can reach the level of 0.9000. Technical indicators… Continue

Added by AlexanderLF on November 20, 2013 at 2:37pm — No Comments

EUR/USD: the pair is experiencing correction

EUR/USD: the pair is experiencing correction



Current trend



Yesterday the price of the currency pair was growing slowly. Following the speech by Ben Bernanke the pair received additional growth momentum. The head of the US Fed said that situation in the labour market has improved; however it is doubtful that stable economic growth may take place without support from Federal Reserve System. Interest rate is likely to remain at the previous level even after the… Continue

Added by AlexanderLF on November 20, 2013 at 2:27pm — 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 directed upwards.. Chinkou Span line is above the price chart; current cloud is still descending. The pair has broken through the cloud from below, though the price can stick around flat Kumo top until the end of the week. The closest support level is Senkou Span B line at 0.9406. One of the previous maximums of Chinkou… Continue

Added by AlexanderLF on November 19, 2013 at 12:48pm — No Comments

GBP/USD: the Pound is likely to strengthen

GBP/USD: the Pound is likely to strengthen



Current trend



The pair GBP/USD grew up at the beginning of this week, reaching the four-week highs of 1.6153. However disappointing data on European payment balance has corrected the Pound downward. At the moment the pair is trading in the narrow range of thirty points (1.6095-1.6125). Investors are waiting for the publication of economic sentiment indices in business sectors of Germany and EU. According to… Continue

Added by AlexanderLF on November 19, 2013 at 12:38pm — No Comments

Forex Trading For Beginners

Forex currency trading is rapidly escalating as a popular online method of earning big cash profits.  One of the main reasons being that investors find it relatively simple to master the techniques required to generate a great deal of money in a short time frame, given the frequency of market changes.

High volatility plus the continually changing global…

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Added by Michael Markarian on November 18, 2013 at 9:45pm — No Comments

Brent: general analysis

Brent: general analysis



Current trend

At the opening of the trading session this week crude oil Brent slightly fell in price due to the increase of export of the “black gold” from Saudi Arabia. At the moment the instrument is trading at the level of 108.10. Oil will continue to grow this week because the US Fed is going to keep previous volume of the incentive program. Although some experts believe that the demand exceeds the supply and correction within uptrend… Continue

Added by AlexanderLF on November 18, 2013 at 1:50pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4

On the four-hour chart Tenkan-sen line is above Kijun-sen, the lines are moving upwards. Chinkou Span line has crossed the price chart from below, current Kumo is ascending. With the help of Golden Cross the pair has entered the cloud from below and is probably going to trade within it for a couple of days. The closest support level is Tenkan-sen line (1.3469). The next obstacle for the price on its way up will… Continue

Added by AlexanderLF on November 18, 2013 at 12:52pm — No Comments

GBP/USD: the USD lacks upward momentum

GBP/USD: the USD lacks upward momentum



Current trend

On Wednesday and Thursday the British currency regained more than 200 points against the USD and returned to the level of 1.6100. Growth was prompted by favourable data on the British labour market. Unemployment rate fell by 0.1% as well as the number of applications for unemployment benefits. Even yesterday’s negative statistics on retail sales was not able to hinder the rise in the pair for long.

American… Continue

Added by AlexanderLF on November 15, 2013 at 2:06pm — No Comments

XAG/USD: technical analysis

XAG/USD: technical analysis



XAG/USD, H4

This week the price of silver continues to decline, reaching the lows since August on Wednesday at the level of 20.42. Trend reversal is possible due to the fact that the metal is oversold. On the four-hour chart Bollinger bands are directed downward and started to narrow. The pair XAG/USD is trading near the moving average of the indicator (20.80), which is the key resistance level. If the price fails to overcome this level,… Continue

Added by AlexanderLF on November 15, 2013 at 1:45pm — No Comments

Time Frame Analysis Explained in Forex

While many forex traders and investors only use one time frame to analyze currency, it is a great advantage for amateur forex traders to familiarize themselves with utilizing multiple time frames. Multiple Time Frame Analysis (MTFA) is the assessment of very basic, fundamental forex trend indicators and forex charts, beginning with the largest trends and timeframes, and working backwards down through smaller timeframes to understand how the smaller timeframes and trends…

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Added by Michael Markarian on November 14, 2013 at 6:51pm — No Comments

EUR/USD: economic growth in Eurozone has slowed down

EUR/USD: economic growth in Eurozone has slowed down



Current trend

On Wednesday European currency was slowly regaining after the significant decline. However, ascending movement in the pair EUR/USD was caused largely due to weakening in the USD, following the release of negative economic statistics from the USA), than the recovery of European economy. Fundamental data from Europe is not encouraging. GDP of Germany and France have reduced, which became known today.… Continue

Added by AlexanderLF on November 14, 2013 at 1:53pm — No Comments

USD/CAD: general analysis

USD/CAD: general analysis



Current trend

This week, the pair USD/CAD has reached the upper limit of the ascending channel at the level of 1.0508, and pushing off from this level started corrective decline. Today the price chart has broken down the moving average with the period 50 on the four-hour timeframe, showing the strength of sellers in the market. William’s Percent Range indicator with period 80 is also declining, confirming downward movement. It is likely… Continue

Added by AlexanderLF on November 14, 2013 at 11:33am — No Comments

US Economic Growth Looks Restrained. What Is Better To Invest In – Euro, Dollar or Gold?

As reported by Market Leader (US)

According to several analysts, including those working for the Fed, the US economic growth may reach 2% in 2014 without new financial injections. The 2% prediction is below the FOMC’s expectations – 3,1%.



In this aspect, natural questions arise: How will the US Dollar behave in the near future? What currencies are better to invest in? Or maybe gold looks better as an asset? Let’s try to…

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Added by Evgeny on November 13, 2013 at 4:51pm — No Comments

NZD/USD: analysis and forecast

NZD/USD: analysis and forecast



Current trend

This week the pair NZD/USD rate has dropped reaching the two-month lows at the level of 0.8169 on Tuesday. The rise in the USD is associated with publication of the positive data from American labour market. Many experts believe that US Fed can start to decrease the issue of bonds in December. On the other hand, the NZD is under pressure from the speech of the head of the Reserve Bank of New Zealand Graeme Wheeler, who… Continue

Added by AlexanderLF on November 13, 2013 at 3:00pm — No Comments

GBP/USD: negative statistics from UK drags the pair down

GBP/USD: negative statistics from UK drags the pair down



Current trend

On Tuesday, following the release of the British negative statistics the pair GBP/USD continued downward movement. It became known that the indices of retail, purchasing selling and consumer prices have declined making the Pound hit the lows of September. Today the data on British labour market will become known, the head of the Bank of England Mark Carney will make a speech and Federal budget… Continue

Added by AlexanderLF on November 13, 2013 at 1:38pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend

European currency is trading in the range of 1.3365-1.3380. On the H4 chart the pair failed to exceed the upper limit of the trading channel of 1.3415, so decline is likely to continue. Euro is under pressure from the decision made by International rating agency “S&P” to downgrade the level of France up to “AA”. Experts believe that reforms adopted in the tax sector of France will not lead to positive results. It is… Continue

Added by AlexanderLF on November 12, 2013 at 1:48pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast



Current trend

The pair USD/JPY has started this week with a rise. Last week positive news from US labour market gives a strong Bullish impetus for the pair. Today USD/JPY has reached 99.60 and still has a potential to grow.

Yen also may be affected by the fundamental data from Japan. Preliminary stats on Machine Tools Orders will be published today. If the indicator continues to decrease, the pair will go… Continue

Added by AlexanderLF on November 12, 2013 at 1:03pm — No Comments

Core Liquidity Markets Unveils Multi Account Trader for Money Managers

As evidenced by the latest data, FX volumes continue to increase on a YOY basis.  Trading in foreign exchange markets averaged $5.3 trillion per day in April 2013. This is up from $4.0 trillion in April 2010 and $3.3 trillion in April 2007.  A growing component of this total volume consists of trading activities from retail investors.  While an increase in…

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Added by Michael Markarian on November 12, 2013 at 12:31am — 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 below Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current cloud is descending. The pair couldn’t break through the thick cloud and restarted its fall. The closest resistance level is Tenkan-sen line at 0.9416. One of the previous minimums of Chinkou Span line is expected to be a support level at… Continue

Added by AlexanderLF on November 11, 2013 at 1:47pm — No Comments

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