Featured Blog Posts (1,478)

USD/CHF: analysis and forecast

USD/CHF: analysis and forecast



Current trend



The currency pair USD/CHF started this week with the decline to the level of 0.8928. The pair is undergoing this downward correction due to the positive data on the American labour market for June. The Franc was also supported by the data on the decline of industrial output in Germany by 1.8% in May. The decline of this important index caused the increase in purchases of Swiss Franc, which acts as a safe-haven… Continue

Added by AlexanderLF on July 8, 2014 at 3:51pm — No Comments

GBP/USD: only drastic measures of the Bank of England can provoke the rise in the pair

GBP/USD: only drastic measures of the Bank of England can provoke the rise in the pair



Current trend



Last week the pair traded in the narrow sideways channel of 1.7170-1.7100. Today the British currency was under pressure from negative data on industrial output and the volume of industrial output in the manufacturing sector. Contrary to experts’ expectation of the rise, the indices significantly declined. The pair GBP/USD went down and consolidated near… Continue

Added by AlexanderLF on July 8, 2014 at 3:35pm — 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 and Kijun-sen lines are almost merged and can soon form trend reversal pattern. Chinkou Span line is below the price chart; current cloud is descending. The pair was trying to overcome Tenkan-sen (1.0648) and Kijun-sen (1.0650) lines but still remains below them. One of the previous minimums of Chinkou Span line is expected to be a support level at 1.0623.…



Continue

Added by AlexanderLF on July 7, 2014 at 3:41pm — No Comments

EUR/USD: USD is regaining positions, while investors’ interest to Euro is decreasing

EUR/USD: USD is regaining positions, while investors’ interest to Euro is decreasing



Current trend

As expected, at the beginning of last week the pair had pushed off from the upper limit of the downward channel and went up, losing over 100 points. The pair was affected by the poor macro-economic statistics of the major European economics, including the decline in the retail sales of Germany. At the same time the USD is slowly strengthening with the help of support… Continue

Added by AlexanderLF on July 7, 2014 at 3:15pm — No Comments

Getting to Know Currency Trading





Currency Trading

 

Getting to know and understand currency trading is important for someone that’s looking to embark on trading the world’s largest…

Continue

Added by Michael Markarian on June 24, 2014 at 8:30pm — No Comments

EUR/USD: The pair will continue to move in the downward channel

EUR/USD: The pair will continue to move in the downward channel



Current trend



Last week downward movement in the pair had slowed down; the price pushed off from the key support level of 1.3520 and started to go up slowly. Slight rise in demand for Euro and weak US macro-economic statistics boosted the rise in the pair to the level of 1.3650.

Note that negative statistics of Eurozone indicates slow rate of economic growth in Europe, which may force ECB to… Continue

Added by AlexanderLF on June 24, 2014 at 3:29pm — 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 horizontal. Chinkou Span line is above the price chart; current cloud is ascending. The pair has broken through the cloud and is still growing. Tenkan-sen line is the closest support level at 0.9408. One of the previous maximums of Chinkou Span line is expected to be a resistance level at 0.9447.…



Continue

Added by AlexanderLF on June 23, 2014 at 2:42pm — No Comments

NZD/USD: Review and forecast

NZD/USD: Review and forecast



Current trend



This week the pair NZD/USD has reached seven-week highs at the level of 0.8736. The rise in price was caused by the reaction of the market participants to the outcome of the US Fed meeting. The American regulator has again reduced the volume of economic stimulation; however, the time period when the interest rates will be raised has not been outlined.



Currently the pair is undergoing correction, as the NZD… Continue

Added by AlexanderLF on June 20, 2014 at 4:54pm — No Comments

EUR/USD: European currency is still under pressure

EUR/USD: European currency is still under pressure



Current trend



European currency is still under pressure; investor interest to Euro has dropped due to rumours about probability of expansion of monetary incentive measures. The pair did not respond to yesterday’s negative data on the US GDP, which was below negative expectations. Today the pair continues to trade near the key support level of 1.3600. Weak data of retail sales with seasonal fluctuations in… Continue

Added by AlexanderLF on May 30, 2014 at 4:47pm — No Comments

USD/СAD: the pair is likely to undergo downward correction

USD/СAD: the pair is likely to undergo downward correction



Current trend



This week the currency pair USD/CAD has been trading in the range of 50 points. Investors are waiting for the key statistic data on GDP in the US and Canada for Q1. It is expected that both indices will be negative. As per preliminary forecast, American GDP can decline by 0.2%, while Canadian GDP will grow only by 1.8%, which is below the previous value.



Support and… Continue

Added by AlexanderLF on May 29, 2014 at 4:10pm — No Comments

GBP/USD: following the decline the Pound has begun to win back losses

GBP/USD: following the decline the Pound has begun to win back losses



Current trend



This week the British currency has been under pressure, demand for the Pound continues to drop; while moderately positive US statistics has added support to the USD. Yesterday, the pair broke out key resistance level of 1.6785 and bottom limit of the ascending channel. In order to go back to the upward channel, the Pound needs investor support and favourable macro-economic… Continue

Added by AlexanderLF on May 29, 2014 at 3:55pm — No Comments

USD/СHF: The pair may undergo correction

USD/СHF: The pair may undergo correction



Current trend



The currency pair USD/СHF continues to trade in the upward channel. Today the pair has reached three-month highs at the level of 0.8982. Even strong data on Swiss GDP for Q1 was not able to halt the rise in quotes. On the annual basis this index has reached the level of 2.0%, which was above experts’ expectations.



Due to lack of the important news today, trading will not be volatile; quotes may… Continue

Added by AlexanderLF on May 28, 2014 at 3:56pm — No Comments

GBP/USD: uptrend will shift to the sideways movement

GBP/USD: uptrend will shift to the sideways movement



Current trend



Yesterday’s British data has chilled out investors’ enthusiasm. British GDP has remained at the previous level and the Pound started to decline slowly against the USD. On the other hand, the American currency is supported by the plan of the US Fed to completely abandon soft monetary policy.

Important U.S. and UK news is not scheduled for the release today. Movement in the pair will be… Continue

Added by AlexanderLF on May 23, 2014 at 3:31pm — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF



USD/CHF, H4



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 cloud is ascending. Despite all the corrections the pair is slowly rising. Tenkan-sen line is the closest support level (0.8947). One of the previous maximums of the Chinkou Span line is expected to be a resistance level at 0.9015.…



Continue

Added by AlexanderLF on May 23, 2014 at 3:23pm — No Comments

Brent: general review

Brent: general review



Current trend



The price of Brent has been growing since the beginning of this week. Yesterday, Brent had reached 2-month highs at the level of 110.66; however the “bulls” were not able to consolidate above this level so far. In addition to the geopolitical factor, crude oil Brent is supported by the Chinese news that preliminary index of industrial activity has grown up to 49.7 points in May, which is the highest level for the last 5… Continue

Added by AlexanderLF on May 22, 2014 at 4:08pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



European currency continues to trade in the downtrend. Yesterday Euro has broken down important support level of 0/8 Murray (1.3672) on the daily chart but failed to maintain at this level. At the moment the pair is trading at the level of 1.3683. Technical correction is possible, which may be followed by the rollback to the level of 1.3733.

Euro is under pressure from the data on surplus of current account balance… Continue

Added by AlexanderLF on May 22, 2014 at 3:58pm — No Comments

Forex: Ichimoku Clouds. Review of XAG/USD

Forex: Ichimoku Clouds. Review of XAG/USD



XAG/USD, H4



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 — No Comments

GBP/USD: deep correction and a new upward wave

GBP/USD: deep correction and a new upward wave



Current trend



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 — No Comments

Forex: Ichimoku Clouds. Review of NZD/USD

Forex: Ichimoku Clouds. Review of NZD/USD



NZD/USD, H4



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).







NZD/USD, D1



Let’s look at the… Continue

Added by AlexanderLF on May 15, 2014 at 12:57pm — No Comments

The Five Most Important Rules For Successful Breakout Trading

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 — No Comments

Advertise Here
 

© 2014   Created by yuval.

Badges  |  Report an Issue  |  Terms of Service