GBPUSD-07.02.2014

GBP/USD Threatens to Test 1.72

The British pound surged higher against the US dollar yesterday. There were two main reasons for the rise in the GBP/USD pair. First, the UK manuf...

NZDUSD-06.27.2014

Long-Term Perspective on NZD/USD

The New Zealand dollar has remained elevated recently, despite weakness in risk sentiment. One of the main reasons for the rise in the New Zealand...

AUDCHF-06.20.2014

AUD/CHF Appears Set for More Gains

The Australian dollar climbed higher during the late Asian session, as the data released in China exceeded market expectations. The Chinese manufa...

GBPCHF-06.18.2014

GBP/CHF Looks Set for a Test of 1.5450

The British pound has been one of the best performers in recent times against many major currencies, including the Swiss franc. The GBP/CHF pair h...

EURAUD-06.16.2014

EUR/AUD Nudging 100 Hourly SMA, Eyes A B...

The Euro traded lower against the Australian dollar during this past week. However, this week the EUR/AUD pair has started on a positive note. The...

Technical Analysis of Forex and Currencies

GBPUSD-07.02.2014

GBP/USD Threatens to Test 1.72

The British pound surged higher against the US dollar yesterday. There were two main reasons for the rise in the GBP/USD pair. First, th...

Technical Analysis of Stocks and Indexes

akam1

Resting Days for Pre-Buy Entry Patterns

Resting Days are important during a sideways market. A resting candle is a continuation pattern, indicating that the buyers are waiting ...

Technical Analysis of Futures and Commodities

GoldDaily-2014-02-26

Looking to Sell a Break in Gold

The major pairs are not moving much, so we turn our focus on gold, which has been trading higher lately. Gold has been rising for the la...

Learn Technical Analysis

akam1

Resting Days for Pre-Buy Entry Patterns

Resting Days are important during a sideways market. A resting candle is a continuation pattern, indicating that the buyers are waiting ...

GBP/USD Threatens to Test 1.72

GBPUSD-07.02.2014

The British pound surged higher against the US dollar yesterday. There were two main reasons for the rise in the GBP/USD pair. First, the UK manufacturing PMI was released, which exceeded market expectation by a fair margin, registering a healthy reading of 57.5. Second, the US ISM manufacturing PMI, which was published during yesterday’s NY session, missed the forecast. The US dollar traded lower against the British pound after these events. GBP/USD traded as high as 1.7165 yesterday. Currently, the pair is consolidating its recent gains. CLICK FOR MORE →

Long-Term Perspective on NZD/USD

NZDUSD-06.27.2014

The New Zealand dollar has remained elevated recently, despite weakness in risk sentiment. One of the main reasons for the rise in the New Zealand dollar is the hawkish stance of the Reserve Bank of New Zealand. The central bank has increased key interest rates several times recently, and looks set for one more increase at the upcoming meeting. However, one important point to note here is that the central bank has also mentioned time and again that the rise in the New Zealand dollar might hurt the economy, and they might intervene if required at some point in time. So, traders should be very careful about chasing the current rise in the New Zealand dollar. CLICK FOR MORE →

AUD/CHF Appears Set for More Gains

AUDCHF-06.20.2014

The Australian dollar climbed higher during the late Asian session, as the data released in China exceeded market expectations. The Chinese manufacturing PMI registered a seven-month high of 50.8, beating expectations of 49.7. This was viewed on the positive side by Australian dollar buyers, as pairs like AUD/USD and AUD/CHF were trading higher. One of the biggest gainers was AUD/CHF. The pair climbed higher after the data release, and traded close to an important trend line on the hourly time frame. CLICK FOR MORE →

GBP/CHF Looks Set for a Test of 1.5450

GBPCHF-06.18.2014

The British pound has been one of the best performers in recent times against many major currencies, including the Swiss franc. The GBP/CHF pair has managed to clear a few important resistance levels on the weekly time frame, which has opened the door for a test of the previous high of 1.5450. The fundamentals also support the British pound for more gains in the medium term. If the GBP/CHF pair manages to climb towards the 1.5450 level, will it be able to break out? CLICK FOR MORE →

EUR/AUD Nudging 100 Hourly SMA, Eyes A Break Higher

EURAUD-06.16.2014

The Euro traded lower against the Australian dollar during this past week. However, this week the EUR/AUD pair has started on a positive note. The pair was seen trading a touch higher during today’s London session. There is a bullish trend line forming on the hourly timeframe for the pair. After finding support around the trend line support area at 1.4358, the pair managed to climb towards the 100 simple moving average (1H). However, it is currently struggling to break the mentioned SMA, and consolidating just below the 1.4425 level. CLICK FOR MORE →

EUR/USD Range Trading above 1.3500

eurusddaily-2014-06-16

EUR/USD (daily chart as of June 16, 2014) has been trading below 1.3670 and the 200-day EMA for about four weeks since May 22. Price touched a high of 1.3670 on June 9, and once again closed right at the 200-day EMA. CLICK FOR MORE →

USD/JPY Continues Range Trading before BOJ Minutes

usdjpydaily-2014-06-13

USD/JPY (daily chart as of June 13, 2014) retreated from around 102.80 on June 4, and then found temporary support right above the 200-day EMA yesterday. As we have mentioned previously, 102.70-102.85 is a key resistance zone to watch, and it appears that the pair is forming another cluster (red shadows on chart) below 102.85. CLICK FOR MORE →

Buying GBP/USD Short-Term

GBPUSD-2014-06-13

The British pound blasted higher during the previous Asian session after Mark Carney’s speech. The pair traded close to the 1.70 level earlier during the London session. It may continue to trade higher in the coming days, so every drop towards a support area could be seen as a potential buying opportunity. CLICK FOR MORE →

Resting Days for Pre-Buy Entry Patterns

akam1

Resting Days are important during a sideways market. A resting candle is a continuation pattern, indicating that the buyers are waiting briefly but that the original run is still intact.

A Pre-Buy is an entry pattern used by day, swing, and momentum traders. CLICK FOR MORE →

AUD/USD Testing Upper Border of Triangle Range

audusddaily-2014-06-11

AUD/USD (daily chart as of June 11, 2014) found support at the 200-day EMA again on June 2 (green arrow on chart). Currently, it has climbed to test the upper border of the triangle–like range between the short-term downtrend line (line 3) and the 200-day EMA (or line 4), as mentioned in our June 2 analysis. CLICK FOR MORE →