INTC-chart

The Best Indicators for Breakout Momentu...

How to Improve the Use of MACD with One Simple New Indicator Professional technical traders are preparing for the new regulations that will alt...

gbpusddaily-2014-08-14

GBP/USD Testing 1.6690 Key Support

GBP/USD (daily chart as of August 14, 2014) broke down below the important 100-day EMA on July 31. As mentioned in our previous analysis, the 100-...

eurusddaily-2014-08-12

EUR/USD Approaching Double Top Projectio...

EUR/USD (daily chart as of August 12, 2014) has been trading in a downtrend since May 8, right after the fifth spike above 1.3810/20 (gray shadows...

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...

Technical Analysis of Forex and Currencies

gbpusddaily-2014-08-14

GBP/USD Testing 1.6690 Key Support

GBP/USD (daily chart as of August 14, 2014) broke down below the important 100-day EMA on July 31. As mentioned in our previous analysis...

Technical Analysis of Stocks and Indexes

INTC-chart

The Best Indicators for Breakout Momentum Patterns

How to Improve the Use of MACD with One Simple New Indicator Professional technical traders are preparing for the new regulations tha...

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

INTC-chart

The Best Indicators for Breakout Momentum Patterns

How to Improve the Use of MACD with One Simple New Indicator Professional technical traders are preparing for the new regulations tha...

The Best Indicators for Breakout Momentum Patterns

INTC-chart

How to Improve the Use of MACD with One Simple New Indicator

Professional technical traders are preparing for the new regulations that will alter how the Buy Side and Sell Side Institutions trade stocks and options. The changes to the market structure to accommodate the new compliance rules that govern how the Institutions invest and trade are expected to alter technical patterns significantly. Already, the use of new order systems in Dark Pools and Twilight Pools is changing how professional technical traders trade. CLICK FOR MORE →

GBP/USD Testing 1.6690 Key Support

gbpusddaily-2014-08-14

GBP/USD (daily chart as of August 14, 2014) broke down below the important 100-day EMA on July 31. As mentioned in our previous analysis, the 100-day EMA has been serving as long-term support since 2013 (arrows from 1 to 5 shown on chart as support). CLICK FOR MORE →

EUR/USD Approaching Double Top Projection Target

eurusddaily-2014-08-12

EUR/USD (daily chart as of August 12, 2014) has been trading in a downtrend since May 8, right after the fifth spike above 1.3810/20 (gray shadows shown on chart as five spikes). On May 21, the pair broke down below the rising wedge (between two bold red trend lines) mentioned in our previous analysis, and on May 22, price breached the long-term support of the 200-day EMA for the first time since July 2013. CLICK FOR MORE →

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 →