Featured Blog Posts (1,526)

Forex Trading: Understanding Spreads



When trading forex, one of the most important concepts to understand



is ‘spread’. Spread determines how much you, as a client, pay for your trades,



and how much money your broker earns. Thus, it’s really important to have an



understanding of what a spread means in real terms in order to choose the right



forex broker for you.



Read on to find out more...

What Is…

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Added by yuval on January 13, 2015 at 12:23am — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/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 cloud is descending. Despite the correction, the pair wasn’t able to break through the resistance level of Kijun-sen (1.1861). One of the previous minimums of Chinkou Span line is expected to be a support level (1.1745).







EUR/USD,… Continue

Added by AlexanderLF on January 12, 2015 at 4:19pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis



Current trend



On Tuesday the pair GBP/USD has slightly grown due to technical correction. However, the USD is still supported by the data on the US GDP, which has grown by 5% versus expectations of 4.3%. Volatility is not expected to be high this week; however, the data on business activity in the manufacturing sector of the UK, which is scheduled for the release on Friday, can trigger the rise in the British currency.

Today,… Continue

Added by AlexanderLF on December 31, 2014 at 12:10pm — No Comments

More dollar strength ahead.

Little spike to the upside earlier today in EUR/USD, but i still favour my count that suggest that there's still a little more dollar strength to come. If the bottom has reached for EUR/USD, i would need to see clear 5 waves up in 4H chart before calling this the bottom. 1.208 looks tempting and i will look EUR/USD to reach that mark.

At 1.208 wave 5 would be 1.618 (important Elliott Wave relationship) times wave 1 and this would be likely target for the end of larger wave…

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Added by VIVAICO on December 30, 2014 at 6:51pm — No Comments

GBP/USD: the pair will continue to trade in the downward channel

GBP/USD: the pair will continue to trade in the downward channel



Current trend



There is the lull in the market during New Year holidays. Due to lack of the macro-economic news, the pair GBP/USD is under influence of the trading sentiments. It is worth noting that despite the fact that the USD is significantly overbought, the demand on the American currency remains high. On Monday the pair slowly went down to the level of 1.5500; nevertheless this morning the… Continue

Added by AlexanderLF on December 30, 2014 at 1:52pm — No Comments

Has EUR/USD found it's bottom?

Not yet on my opinion. I think there's still a bit more to go before this half year downtrend has exhausted.

EUR/USD moving sideways today with healthy volatility. I think this is now wave 4 before final downward push to maybe 1.208. At about 1.208 wave 5 would be 1.618 x wave 1.

This would then conclude larger 5 waves down from 1.3993 (june high) and would mark the start of larger corrective move. This correction should find support around 1.30.

More analysis free of…

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Added by VIVAICO on December 29, 2014 at 6:31pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend

European currency is traded near important resistance level of 1.2435, which is also a moving average with the period 200. If Euro fails to consolidate above this level, the pair can reach the level of 1.2350. Euro is under pressure from the decision of the rating agency Fitch to downgrade rating of France by two notches up to the level of AA.

The decline in rating was caused by the actions of French Cabinet of… Continue

Added by AlexanderLF on December 15, 2014 at 4:07pm — No Comments

GBP/USD: the pair is trading in the upward channel

GBP/USD: the pair is trading in the upward channel



Current trend



This week, the currency pair GBP/USD is traded in the upward channel. On Thursday it reached two-week highs at the level of 1.5756; however, in the afternoon after the announcement of the results of the second phase of European LTRO, the quotes dropped to 1.5650. At the moment the pair has corrected upwards despite the decline in production output in British construction sector by… Continue

Added by AlexanderLF on December 12, 2014 at 4:21pm — No Comments

USD/JPY: the pair's correcting today

USD/JPY: the pair's correcting today



Current trend



Today, the USD/JPY is correcting after the decline at the beginning of the week. Negative data from Japan catalysed the price growth. In October, mechanical engineering production dropped by 4,9% at an annual rate and by 6,4% at a monthly rate, respectively, which led to the growth of quotes to the level of 118.80. The growth may continue up to the level of 119.50 (the middle line of the Bollinger bands… Continue

Added by AlexanderLF on December 11, 2014 at 4:10pm — No Comments

Forex: Ichimoku Clouds. Review of EUR/USD

Forex: Ichimoku Clouds. Review of EUR/USD



EUR/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below under the cloud, forming trend reversal pattern. Chinkou Span line is below the price chart; current Kumo-cloud is descending. With the help of the Bullish impetus the pair has entered the cloud, upper border of which becomes resistance level (1.2416). Tenkan-sen line (1.2369) is the closest support level.…

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Added by AlexanderLF on December 10, 2014 at 4:39pm — No Comments

AUD/USD: decline continues

AUD/USD: decline continues



Current trend



This week the pair AUD/USD has been trading in the downward channel. Slight rise at the beginning of the week, triggered by positive business activity index in the Australian manufacturing sector for November, has shifted to the decline at the level of 0.8310 (the lows since 2010). The strongest pressure on the Australian currency was caused by poor data on GDP for Q3. This index amounted only to 0.3%, which was… Continue

Added by AlexanderLF on December 5, 2014 at 1:27pm — No Comments

EUR/USD: general review

EUR/USD: general review



Current trend



The Euro is still trading in a downtrend and the pair has reached an important support level of 1.2300. If this level is soon broken down, the decline may reach the level of 1.2200. The single European currency is affected by macroeconomic data, for example, the Composite Purchasing Managers Index dropped to 51,1 points in November. According to some preliminary economic forecasts, a decreasing demand on the part of… Continue

Added by AlexanderLF on December 4, 2014 at 12:52pm — No Comments

NZD/USD: decline in price of dairy products causes the fall of NZD

NZD/USD: decline in price of dairy products causes the fall of NZD



Current trend



The quotes of the currency pair NZD/USD have been declining for the third consecutive day due to several reasons. Firstly, a statement that there comes a time to raise interest rates, made by the deputy chairman of the US Fed Mr. Stanley Fischer, has triggered the rise in demand for the USD. Secondly, prices of milk and dairy products continue to fall. Over the past two weeks the… Continue

Added by AlexanderLF on December 3, 2014 at 1:36pm — No Comments

GBP/USD: general review

GBP/USD: general review



Current trend



Yesterday, the GBP has significantly strengthened against the USD in the upward correction, which followed after long-term decline. The Pound was supported by positive UK macro-economic statistics. It became known that business activity index in the manufacturing sector has reached the level of 53.5 points, which was above the forecast. However, the pair rose only to the level of 1.5760, as the “bulls failed to break down… Continue

Added by AlexanderLF on December 2, 2014 at 12:54pm — No Comments

XAU/USD: general review

XAU/USD: general review



Current trend

At the morning trading session the price of XAU/USD has dropped dramatically. The decline was caused by the outcome of referendum, which was hold in Switzerland last Sunday. There were three questions on the agenda: to ban sales of gold by Swiss National Bank; to oblige the regulator to keep gold; to bind the bank to keep at least 20% of total assets in gold. The result of Swiss people voting showed that 77% of population… Continue

Added by AlexanderLF on December 1, 2014 at 5:08pm — No Comments

EUR/USD: attention will be focused on European labor market data

EUR/USD: attention will be focused on European labor market data



Current trend



On Thursday the pair EUR/USD had reached the upper limit of the channel at resistance level of 1.2530. After that the price pushed off from this level and went down. Positive data on the key European indices had not supported Euro, while the demand for the USD has increased significantly. Today, downward movement continues; investors strongly sell European currency and poor… Continue

Added by AlexanderLF on November 28, 2014 at 2:23pm — No Comments

GBP/USD: the correction but not a change of trend

GBP/USD: the correction but not a change of trend



Current trend



On Tuesday the pair GBP/USD traded in the wide range, shifting to from growth to decline. In the last two weeks the pair has been trying to break down resistance level of 1.5730 for four times.

Today, economic calendar will be eventful with the news from the UK and US, which means that volatility in the pair will be high. In the morning British GDP will become known; and later, US data on… Continue

Added by AlexanderLF on November 26, 2014 at 1:29pm — No Comments

EUR/USD: overall review

EUR/USD: overall review



Current trend



Yesterday the pair EUR/USD has hit a new “record,” reaching the lows of August 2012 at the level of 1.2364. Sharp decline took place after press-conference of the chairman of ECB. Mr. Draghi, who has made it clear in his speech that in case of a need, a new stimulus package will be unanimously approved by all members of ECB.

Today, US NFPR index will become known. If Nonfarm Payrolls goes up above expected 229… Continue

Added by AlexanderLF on November 7, 2014 at 1:23pm — No Comments

AUD/USD: the Australian currency is still overvalued

AUD/USD: the Australian currency is still overvalued



Current trend



The currency pair AUD/USD continues to trade in the downward channel. Following the release of the negative US trade balance for September on Tuesday, the pair has reached the upper limit of the channel at the level of 0.8763. Today, the price has resumed downward movement, which was caused by the European macro-statistics. It became known that retail sales volume in European countries has… Continue

Added by AlexanderLF on November 5, 2014 at 2:47pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



Last week the American dollar had received support after the meeting of the US FOMC; at the same time, the pair EUR/USD has weakened and continues to remain under pressure. Follow-up statements of the US Fed were sharper than expected by investors. The latest statistics also showed that growth rate is at the same level.

This trading week the pair had started with the downward movement and quickly reached new… Continue

Added by AlexanderLF on November 3, 2014 at 4:11pm — No Comments

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