Featured Blog Posts (5,388)

Australian Dollar’s Fall – Was It Just The Employment Numbers?

Today's weaker than expected employment data brought a strong fall for the Aussie. AUD/USD fell to 0.8796 before going into a sideways mode. AUD/JPY fell to 92.17 after failing at 93.33.

Australian employment data



Today's released data showed that the employment numbers fell by 22,600 in December 2013…

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Added by Himanshu Jain on January 16, 2014 at 2:23pm — No Comments

Gold Needs To Break And Hold Above 1246 To Ease Further Downside Pressure

Added by Carol Harmer on January 16, 2014 at 7:22am — No Comments

EUR/USD & GOLD forecast 16.01.2014

As expected the EUR tested 1.3580-1.3600 support zone then a small pullback appeared to 1.3620 area. For now the EUR stays inside the negative Ichimoku and keeps the chances of breaking it higher, but yesterday's move may be an early signal for a huge downside move ahead. For now immediate resistance is 1.3632. If we break through it next target will be around 1.3670-75. A fail there will result into reversal and the target will be set at 1.3540-20 area or even below 1.3500. At the moment of…

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Added by Vladimir Mihaylov on January 16, 2014 at 6:54am — No Comments

GBPUSD - Flirting with Trend line

GBPUSD - Flirting with Trend line

Trade Recommendation

  1. Waiting on side lines is best option at current rate of 1.6355…
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Added by Omkar Godbole on January 16, 2014 at 6:30am — No Comments

Cable Hits Downside Target of 1.6325/20. Will This Support Hold

Added by Carol Harmer on January 16, 2014 at 5:19am — No Comments

EUR/USD DAILY as of Thursday, 16 January, 2014

*** Intra-Daily Trading Strategy: BUY Euro Dollar / US Dollar

Buy Target: 1.3632

Buy Stop:   1.3573 

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…

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Added by Martin Kay on January 16, 2014 at 5:00am — No Comments

EURNZD Bounce On Strong Support

The signal from this morning is still valid: 

EURNZD,H1: EURNZD Open BUY at 1.62772. Set TP at 1.62950

The initial TP of 1.6295 is met, now we're anticipating it settling to at least 1.6340.…

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Added by Metaneural Trading Systems on January 15, 2014 at 8:11pm — 1 Comment

Daily Forex Trading Commentary - Wednesday 15th January 2014

FTSE 100 Index - Price Smashed Through Long Term Resistance

The FTSE 100 smsashed through long-term resistance at 6800 today and now looks poised for further upside after a dip back to the dynamic support layer. We will be looking out for price action buy signals on the daily / 4-hour timeframe if price dips back from today's highs into the end of this week.…

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Added by Lewis Barber on January 15, 2014 at 9:50pm — No Comments

Trade Forex with the Popular RSI Oscillator

 

Finding and trading strength is what trend following is all about. The Relative Strength Index (RSI) is one of the most well-known overbought or oversold indicators. However, RSI…
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Added by Mohamed Ezz on January 15, 2014 at 4:44pm — 4 Comments

Using dual time frames as part of an entry strategy

Using two time frames can be an important part of a traders edge.  My approach is to determine a possible emerging trend in a…

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Added by talisman on January 16, 2014 at 2:47am — 1 Comment

Euro Rebounds but Remains Heavy

The euro has rebounded from 1.3582, a figure below the Asian high at 1.3681, as buyers were firm ahead of 1.3572, the January 6th and 10th low and the base of the rising trend line (1.3570) that goes back to November 7th.…

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Added by Joseph Trevisani on January 15, 2014 at 8:06pm — No Comments

Forex Oracle of the Week Contest - Place Your Calls For GBP/USD Friday's London Open Price

Rules:

1. Remember to place here you calls for GBP/USD  price for Friday 17 January- 2014 London Open at 7:00AM GMT.

2. Just place ONE forecast, example: GBP/USD at 1.6340

3. All forecasts must be placed before Wednesday 15…

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Added by Daologic on January 13, 2014 at 8:35am — 24 Comments

FXstreet Re-Launches a Forex MeetUp Group in Toronto With the Help of OANDA Canada

Hi everyone

After having some problems with the site meetup.com that took down our newly launched Toronto FX MeetUp Group, we have reached an agreement with meetup.com so we are re-launching the group once again.

Toronto Forex MeetUp group is our 4th meetup after…

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Added by Francesc Riverola on January 14, 2014 at 4:18pm — No Comments

Winds of Change pointing to strong US Dollar

Winds of Change 

Background:

  1. Since dot com bubble, US trade deficit swelled while China's trade surplus swelled
  2. Current account data of US highlights that Us…
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Added by Omkar Godbole on January 15, 2014 at 8:21am — 2 Comments

Gold Dipped Lower...1236 Good Support...If Broken Look For 1225

Added by Carol Harmer on January 15, 2014 at 7:30am — No Comments

GBPUSD - Rises from Trendline Support

GBPUSD - Rises from Trendline Support

Trade Recommendation: 

  1. Traders who initiated long GBPUSD positions around 1.6360 as per my weekly analysis can book profits at current level of 1.6420. Remaining longs can be held…
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Added by Omkar Godbole on January 15, 2014 at 6:55am — No Comments

Aussie Has Good Support At 8902...

Added by Carol Harmer on January 15, 2014 at 6:00am — No Comments

EUR/USD & GOLD forecast 15.01.2014

As i have said yesterday on fail breaking 1.3700 the price will drop down to test the supports at 1.3580-1.3600. Currently 1.3630 intermediate is holding the asian bears, but breaking below is a matter of time. To restore the upside we need a H4 close above 1.3670 and i do not see this to happen today. So it is good to sell below 1.3650, however we are some 15-20 pips below that. I hope for some pullback to enter Short. Breaking below 1.3610 may destroy the whole upside recovery picture if…

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Added by Vladimir Mihaylov on January 15, 2014 at 5:30am — 3 Comments

AUDUSD Bullish Bias above 0.8865 levels !

The AUDUSD maintained some bullish momentum last week , printed support at the 0.8865 levels. Now pressure will be on the key resistance 0.9080.

The AUDUSD will have to hold above the 0.9080 levels on a daily closing basis to push the market for further upside gains, If seen , It will have large bullish implication towards the 0.9333 levels where a breach will turn focus on the 0.9400 levels.

Alternatively , a failure to hold above the 0.9080 levels on a daily basis could mean…

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Added by Haitham653 on January 15, 2014 at 2:21am — No Comments

Daily Forex Trading Commentary - Tuesday 14th January 2014

USD/JPY - Pushing Higher Back Up To Resistance

After selling off from  near 105.50 last week the USD/JPY is now pushing back up towards this level again. We see potential for this market to enter choppy range-bound conditions from here and will look for  sell signals as price pushes back to key resistance.

NZD/USD - Price Action False Break Of Key…

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Added by Lewis Barber on January 14, 2014 at 10:05pm — 1 Comment

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