Oil is moving higher for the last two weeks and has now successfully closed above the red trend-line connected from 100 area. This trend-line represents an upper side of a triangle pattern that we were tracking it for the last few weeks, which now appears complete if we consider potential end of wave E at 91 area. With that said, we believe that market is now headed higher within wave C) of (D), up to 102/103.…

USD has extended its weakness today against its majors, especially against AUD in the last hour. Pair is moving higher after five waves up yesterday from 0.9326 in A/1 and then flat correction in wave B/2 that found low at 0.9414. Form a technical point of view we expect a rise now up to 0.9550 as a minimum objective either this will now be wave C of a three wave rally or wave 3 of a new impulsive recovery.

AUDUSD 15min…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3219  after a bounce on the day chart trend wall.  We are in a big wedge which means we could break either way.  A break up of the 1.3341 ( .382 Fibo) signals a bullish market and the target would be the 1.3637 R8 Resistance. A  failure to break indicates that the down trend is still in place and we will look  for the move to the day chart bottom  @ 1.2752. Wait for a clear signal.  The average daily true…

Knowing when to enter, and when to exit, a Forex trade can separate good traders from average traders. Keep the following tips in mind in order to enter and exit the market at the right times:

Keep Market Open in Mind







There are…

Forex trading, more than any other investment area, requires a certain predictive ability and technical acumen that is reliant on careful statistical analysis. In recent years, traders have relied heavily on software packages that aggregate data and exchange rates, creating charts of historical rates that help traders make pre-trade strategic decisions. Two competing packages of software, execution consultation and broker-supplied algorithms, are in competition for the minds (and wallets) of…

Slightly more exotic pair than usual here, with the CADCHF. I'm currently short from 0.9462 with original stop at 0.9550.

Eyeing up a potential reversal at the 0.9030 horizontal support level. Price needs to give me some form…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2996  in a wedge from the day chart.  We are waiting.  A couple of different scenarios.  1:  bullish: a move above the  upper day chart trend line @ 1.3060 area) and break out we will look to the R5 @ 1.3172-84.  2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the day chart bottom @ 1.2748 and maybe extend to the1.2657.  The average (14 day) daily true range (ATR) for…

Trading currencies via online trading platforms has given unique opportunity to retail Forex traders to execute their orders with real time rates so fast and accurate. Even by applying programmed strategies it might be done faster than manual actions to click on sell/buy (soft) buttons. Technology has a key role to make a fast -actually very fast- environment for FX traders.

In this environment opening and closing positions quickly is a popular method which is known in extreme cases…

The AUDCAD has of course been moving down over the past few weeks, and making lower highs and lower lows on most timeframes. However price is currently forming a bullish pin bar setup from a stong level of support.

Check back to…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2935 after a strong bounce off the day chart trend line.  We are tentatively bullish but waiting.  A couple of different scenarios.  1:  bullish: a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172.  2: Bearish : A break down here or at the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748.  The average (14 day) daily true range (ATR)…

Cable is at a horizontal level with continuation divergence and looks like it could move to the upside, before we see price stall and create a head and shoulders pattern.

I'm short…

GBPUSD reversed sharply lower in the last few days with a daily close price beneath the lower side of a corrective channel which is an important sign for a completed rally since mid-March. In fact, decline from 1.5590 is looking sharp so we think it represents an impulsive formation which occurs in the direction of a primary trend. As such, we think GBPUSD will continue to weaken in days maybe even weeks ahead. Break of wave B) key level at 1.5195 will be next important evidence for a larger…

I just started trading through Belforfx. They recommended this broker to me, but I dont know what is te best option for me, an amateur. This broker offers a social trading network, a auto trading system, and all the tools to trade in teh market. Im planning to open a Demo account to try on how does it go. Any advice for an amateur like me? Thanks you all!

Last week's oil stats were the catalyst for the continued sell off in the WTI June contract which saw the oil price fall to $90 per barrel, before bouncing back with strong volumes on Thursday and Friday to close above the $95 per barrel price point.

However, yesterday's price action on the daily chart has now…

AUDUSD reversed perfectly lower from 1.0380/1.0400 resistance region that we have been focusing on last week with our members. Notice that market made a very sharp fall from that level, clearly in impulsive fashion through the lower line of a corrective channel that has been tested as a resistance on Friday after the NFP report. We believe that was just a sharp corrective retracement, labeled as wave (ii) that is part of incomplete bearish cycles. With that said, we think that AUDUSD will…

Societé Generale - "Trading is dominated by retail and asset managers which continue to seek yield at ever lower investment grades. The Italian 10y BTP is now 10bp lower today after an auction. Core bond markets are taking a subdued hit as the periphery outperforms. The second layer of trading is composed of hedge funds and banks with far tighter stop losses. The third layer of trading is high frequency trading which amplifies trends or plays mean reversion.

The market is positioned…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3042 in a wedge so this could go either way.  A couple of different scenarios.  1:  bull move- a break to the S5 @ 1.2892 with resistance at 1.3150  2: Bear move- a break to the R3 @ 1.3099 with support at 1.2846.  The average (14 day) daily true range (ATR) for the pair currently is 99 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3059 in a sideways move .  We are looking at this current move as a bear flag so looking to get long near the .500 Fibo @ 1.2945 area but we could get a fall to the .618 @ 1.2900 before the bounce.  We can see a head and shoulders pattern in force. The average (14 day) daily true range (ATR) for the pair currently is 109 pips. …

From $390 to $14400 in less then 1 month...and then...



An litte story about this friday.



I wrote that guy: Awesome job man. Was it manual trading?



He: Yes 100% manual. Let me give you investor pw so you can watch it .



Me: k. .... (looking at account history)

Wow, great job man. Keep it up



He: Thx.



Me: hope your silver trades going to hit tp...



...

Then…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3103 .  We got the break out to the upside and now long inside a channel.  We are looking for a continuation to the day chart congestion area @ 1.3268.   The average (14 day) daily true range (ATR) for the pair currently is 77 pips. …