Archive for Technical Analysis

Trading the Fakey Pattern

By Adinah Brown What is it about the Fakey Pattern concept that attracts so many traders’ attention? If you are new to trading and are asking yourself “what is this Fakey Pattern anyway?”, let’s start there. The Fakey Pattern is the occurrence of sudden price hikes during a false break within the bar structure. In […]

5 Steps for Successful Creation of a Trading System

By Admiral Markets Dear Traders, Creating a good and proven trading system is not an easy job. Different Forex strategies try to predict future prices on the basis of past developments. I call it “Historical vs. Now moment” concept. I will explain some of the basic concepts behind different Forex strategies and attempt to summarise […]

Murrey Math Lines 28.06.2017 (EUR/USD, GBP/JPY)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair broke the 4/8 level pretty fast and, as a result, started growing significantly. The closest target is at the 6/8 level. If later the pair rebounds from this level, the market may start a new descending correction. As we can see at the […]

The Dollar sinks while Euro rallies

Article by ForexTime The last remnants of the once phenomenal Trump rally were thoroughly crushed on Tuesday after the International Monetary Fund (IMF) trimmed its growth forecast for the US economy amid uncertainty over White House policies. Although US President Donald Trump has, on multiple occasions, stated that he will “make America great again” the […]

Forex Technical Analysis & Forecast 28.06.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By EUR USD, “Euro vs US Dollar” The EUR/USD pair has broken 1.1200 and then completed the fifth ascending structure with the target at 1.1330. We think, today the price may form another consolidation range and grow towards 1.1370. Later, in our opinion, the market may break the downside border of the range […]

EURUSD: the rally continues in Asia

By Gabriel Ojimadu, Alpari Previous: On Tuesday, the EURUSD instrument closed 156 pips up. Firstly, the euro rose across the market after Mario Draghi’s speech at the ECB forum in Portugal. He painted the recovery of the European economy in a relatively positive light. He talked about the need to adjust some of the parameters […]

AUDUSD: Forex Technical Analysis – Strengthening labor market is bullish for Australian dollar

By IFCMarkets Strengthening of labor market is bullish for Australian dollar The Reserve Bank of Australia held its policy unchanged at June 4 policy meeting. The fall in unemployment to 5.5% in May from 5.7% in April was bullish development. Will the Australian dollar continue strengthening? The Reserve Bank of Australia held the interest rate […]

Adaptability To Volatility

By Financial markets are a constantly changing environment that requires from the successful traders to be adaptable to the changing conditions. Periods of large (volatile) movements are followed by low activity and small movements. Fig. 1 – Large daily movements. Typical for these periods are large daily fluctuations in price. Fig. 2 – Small market […]

Forex trading terms and abbreviations

By Admiral Markets Dear Traders, We professional traders are very fond of using different terms and abbreviations that you probably haven’t heard of before. For example – let me ask you a simple question. What does Forex stand for? The answer is Foreign Exchange. And FX is an abbreviation of Forex and therefore the same […]

AUD/NZD is supported at 1.0360

By Admiral Markets Today we witnessed a slowing growth in the NZ Trade Balance, which fell below forecasts. It has followed a string of positive data from NZ, but as we saw last week, in my opinion. there was a slightly dovish stance from the RBNZ. Despite this, the NZD has made gains against the […]

Japanese Candlesticks Analysis 27.06.2017 (EUR/USD, USD/JPY)

Article By EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bullish Three Methods continuation pattern indicated an ascending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement. At the H1 chart of EUR USD, there are no reversal […]

Ichimoku Cloud Analysis 27.06.2017 (GBP/USD, GOLD)

Article By GBP USD, “Great Britain Pound vs US Dollar” GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Ichimoku Cloud is still closed (2), Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short-term forecast: we can expect resistance from Senkou Span […]

EURUSD: price trading close to the balance line

By Gabriel Ojimadu, Alpari Previous: Trading on the EURUSD pair closed down on Monday. Market volatility was high as US data was being published. The EURUSD pair jumped 39 pips on the news. US 10Y bond yields fell by 1.92% to 2.122%. Durable goods orders in the US were significantly lower than expected. The index […]

GBPUSD’s bounce extended to 1.2759

GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3047, and another fall towards 1.2450 […]

Black Box Vs Know-How Trading In Forex

By Searching in Internet you can find a lot of algorithmic systems vendors who offer so called black box strategies. Black box means that the purchaser buys only a strategy code written for a particular trading platform. So during the trading you don’t know what is happening, why a trade has been opened and closed, […]

Short-term trading idea FX AUDCAD – bull speculation: price to restore to 1.0327

By Gabriel Ojimadu, Alpari Trading opportunities for the currency pair: The price has twice rebounded from the S1 line. Because of this, the Aussie dollar is expected to strengthen against its Canadian counterpart as far as the TL1 line with targets of 1.0211 (high point from the 7th of June) and 1.0327. This scenario will […]