Featured Blog Posts (1,500)

Candlestick Charts Analysis: A Way to Understand the Psychology Of Buyers and Sellers



If you are someone who has just ventured in to Forex, please remember that ways to read



Candlestick charts are an important part of your learning curve. Technical forex traders often



make use of the candlestick charts rather than the traditional charts as they can pack in more



information than the traditional charts. They can be utilized to predict future movements in forex.



In the daily charts the patterns are formed differently but they offer…

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Added by yuval on September 30, 2014 at 12:03am — No Comments

Brent: general review

Brent: general review



Current trend

Yesterday, the price of the crude oil Brent had traded in the narrow channel of 96.42-97.45. Low price level is maintained due to several factors. Last Thursday State Oil Corporation of Libya National Oil Corporation increased production of oil to 925 thousand barrels per day. Member of the OPEC gradually returns to the market after one year absence caused by the complicated political situation.

Another factor, which puts… Continue

Added by AlexanderLF on September 29, 2014 at 4:05pm — No Comments

EUR/USD: breakdown of last year lows will push the pair down

EUR/USD: breakdown of last year lows will push the pair down



Current trend



European currency continues to fall due to the negative stats on EU economic system. The last nail in the coffin was IFO indices, which were even lower than predicted. The pair EUR/USD has broken down the support level of 1.2820 and reached last year lows, but then was corrected to the level of 1.2750.

Today investors are waiting for the US GDP data and ССI publications. However,… Continue

Added by AlexanderLF on September 26, 2014 at 2:53pm — No Comments

GBP/USD: the pair can undergo correction

GBP/USD: the pair can undergo correction



Current trend



On Wednesday the pair GBP/USD has lost 100 points, falling to resistance level of 1.6290 (lower line of Bollinger bands); however the pair failed to consolidate below this level. The USD was supported by the data on the US real estate market: volume of the new houses sales has increased by 18.0% in August, which was above the forecast (504 thousand houses).

Today, the pair may undergo correction… Continue

Added by AlexanderLF on September 25, 2014 at 4:31pm — No Comments

XAG/USD: technical analysis

XAG/USD: technical analysis



XAG/USD, H4



On the four-hour chart the pair XAG/USD is trading within a narrow channel. The pair has almost reached the lowest level this year at 17.33. Meanwhile, the price has hit the lower MA of Bollinger Bands, now it can bounce off and return to the middle MA at 17.76. Then the pair will probably go down to the level of 17.55. Downward trend is confirmed by both Stochastic lines, which are directed downwards, and MACD… Continue

Added by AlexanderLF on September 24, 2014 at 3:40pm — No Comments

EUR/USD: Euro will continue to decline

EUR/USD: Euro will continue to decline



Current trend



On Thursday the price of the pair EUR/USD has reached the level of 1.2930 (middle line of Bollinger bands); however, the pair could not consolidate at this level. Today, the pair started to go down. The American dollar was supported by strong data on the American labor market. The number of primary and secondary claims for unemployment benefits has considerably decreased.

In addition, Euro is under… Continue

Added by AlexanderLF on September 19, 2014 at 3:41pm — No Comments

NZD/USD: analysis and forecast

NZD/USD: analysis and forecast



Current trend



The quotes of the pair NZD/USD continue to drop. On Wednesday the price has reached the lows since February at the level of 0.8077. The decline was triggered by the outcome of the FOMC meeting; as it became known the volume of asset purchase will be reduced again, while incentive program will be soon terminated completely, which indicates the strength of the American economy. The meeting participants promised not… Continue

Added by AlexanderLF on September 18, 2014 at 3:55pm — No Comments

XAU/USD: general analysis

XAU/USD: general analysis



Current trend

Gold continues to drop against the USD despite minor correction. On Monday, the price of gold had almost reached the 8-month lows and then went up again. The pair has continued to rise on Tuesday and is still moving up today.

Investors are waiting for the information from the US Open Market Committee on whether the asset repurchase program will be reduced or not. They would also like to know if interest rates on bonds… Continue

Added by AlexanderLF on September 17, 2014 at 3:01pm — No Comments

EURUSD: Euro lack the support

EURUSD: Euro lack the support



Current trend



Following the significant decline of European currency against the USD, the pair has started to strengthen, and is now trading in the narrow range of 1.2870 - 1.2970. Eurozone has not demonstrated high economic growth lately, while introduction of the sanctions has intensified the negative impact. Euro is weak and is not able to win back at least some of the losses.

Ambiguous data on economic sentiment index… Continue

Added by AlexanderLF on September 16, 2014 at 2:56pm — No Comments

EUR/USD: analysis and forecast

EUR/USD: analysis and forecast



Current trend



On Wednesday afternoon the pair hit the low of 1.2855; however soon after that it has regained some losses and is trading above the level of 1.2900. Within two days EUR/USD has been trading in the narrow range without significant changes in movement. The pair looks strongly oversold; however despite this fact experts believe that the USD still has growth potential, which can find confirmation in today’s US retail… Continue

Added by AlexanderLF on September 12, 2014 at 1:45pm — No Comments

GBP/USD: “nervous tic” of the Pound before the referendum

GBP/USD: “nervous tic” of the Pound before the referendum



Current trend



The British currency has slightly regained after the investors’ panic caused by the probability of separation of Scotland from Great Britain. However although Pound won back some of the losses, this vexing issue still remains to be the key catalyst of the British currency. Over a week is left before the referendum and it is likely that in the following trading days volatility will be… Continue

Added by AlexanderLF on September 11, 2014 at 4:24pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis



Current trend



Yesterday the price of EUR/USD continued to decline. The pair fell to the low of 14 months. Pressure on Euro was caused by the ECB’s decisions to reduce rates to the record lowest level and to launch new incentive programs

On the other hand, the pair EUR/USD is going down due to the strengthening in the USD. According to the report of Federal Reserve in San Francisco, US Fed can change interest rate sooner than… Continue

Added by AlexanderLF on September 10, 2014 at 1:38pm — No Comments

AUD/USD: China stats put pressure on the Australian currency

AUD/USD: China stats put pressure on the Australian currency



Current trend



On Monday the currency pair AUD/USD has lost over 100 points, dropping to the three-week low at the level of 0.9250. Sharp decline in the Australian currency is associated with the data from China. It became known that contrary to predictions, imports to China decreased by 2.4% in August, which inevitably has a negative impact on the Australian producers, as China is one of the main… Continue

Added by AlexanderLF on September 9, 2014 at 2:13pm — 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

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

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