gbpusddaily-2014-04-16

GBP/USD Stalls at 1.6820 Strong Resistan...

GBP/USD (daily chart as of April 16, 2014) broke out above the short-term downtrend line (line 1 on chart) and the previous resistance zone of 1.6...

eurusddaily-2014-04-14

EUR/USD Testing 1.3820 Support

EUR/USD (daily chart as of April 14, 2014) retreated from the 1.3900 level after breaking out above the daily EMA 50 again last week. The surge st...

usdjpydaily-2014-04-11

USD/JPY Trading in a Large Triangle Rang...

USD/JPY (daily chart as of April 11, 2014) traded down through 102.85 once again on April 8 with a long bearish candlestick, and with almost the s...

audusddaily-2014-04-09

AUD/USD Continues Rise after Downtrend B...

AUD/USD (daily chart as of April 9, 2014) temporarily retreated from the major resistance of 0.9270 and found support around 0.9200 (very close to the...

gbpusddaily-2014-04-07

GBP/USD Retreats From Strong Resistance ...

GBP/USD (daily chart as of April 7, 2014) once again respected the resistance of 1.6670 on April 1, with a black candlestick that engulfed the ent...

Technical Analysis of Forex and Currencies

gbpusddaily-2014-04-16

GBP/USD Stalls at 1.6820 Strong Resistance

GBP/USD (daily chart as of April 16, 2014) broke out above the short-term downtrend line (line 1 on chart) and the previous resistance z...

Technical Analysis of Stocks and Indexes

2014-02-19-FTSE

FTSE Reaching for Long-Term Highs

February 19, 2014 – The FTSE 100 (daily chart) has risen by around 6.5% within the past two weeks thus far on a sharp rebound from its 6...

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

PriceAction1-2013-10-29

The Pin Bar Price Action Trading Strategy

One of the most lucrative and compelling price action signals of all the price action strategies is no doubt the pin bar reversal patter...

GBP/USD Stalls at 1.6820 Strong Resistance

gbpusddaily-2014-04-16

GBP/USD (daily chart as of April 16, 2014) broke out above the short-term downtrend line (line 1 on chart) and the previous resistance zone of 1.6670-1.6725 on April 8 with a strong bullish session, which invalidated a potential short-term head-and-shoulders pattern. CLICK FOR MORE →

EUR/USD Testing 1.3820 Support

eurusddaily-2014-04-14

EUR/USD (daily chart as of April 14, 2014) retreated from the 1.3900 level after breaking out above the daily EMA 50 again last week. The surge started right from the daily EMA 100 and also broke out above the short-term downtrend line (line 3 on chart), negating our previous short-term bearish outlook. CLICK FOR MORE →

USD/JPY Trading in a Large Triangle Range

usdjpydaily-2014-04-11

USD/JPY (daily chart as of April 11, 2014) traded down through 102.85 once again on April 8 with a long bearish candlestick, and with almost the same strength as the one on March 13 (two red shadows on chart for comparison). The retreat from the high of 104.10 occurred right above an important resistance line (line 2), but was deeper than expected when it broke the major 102.85 support level. CLICK FOR MORE →

AUD/USD Continues Rise after Downtrend Breakout

audusddaily-2014-04-09AUD/USD (daily chart as of April 9, 2014) temporarily retreated from the major resistance of 0.9270 and found support around 0.9200 (very close to the important support level of 1.9170) before reaching a fresh high yesterday at 0.9385. This is the second resistance level mentioned in our March 31 analysis. CLICK FOR MORE →

GBP/USD Retreats From Strong Resistance Zone

gbpusddaily-2014-04-07

GBP/USD (daily chart as of April 7, 2014) once again respected the resistance of 1.6670 on April 1, with a black candlestick that engulfed the entire body of its previous white candlestick. The pair has been trading below 1.6670 for about a month since March 10. CLICK FOR MORE →

EUR/USD Further Declines Expected if Below Daily EMA 50

eurusddaily-2014-04-04

EUR/USD (daily chart as of April 4, 2014) broke down below the key daily EMA 50 support on April 2, confirmed by a strong bearish candlestick on April 3 with a long upper shadow attached. If today we have a closing price below the daily EMA 100, it would add more downside pressure to the currency pair. CLICK FOR MORE →

Trading the ECB Interest Rate Decision with EUR/USD

EURUSD-04.03.2014

The ECB is set to make its interest rate decision in today’s London trading session and traders are expecting to hear of further easing or loosening of monetary policy bias from the central bank. Data from the euro zone has been bleak lately and some officials are clamoring for additional stimulus from the ECB. CLICK FOR MORE →

USD/JPY Pauses before Potential Further Upside Move

usdjpydaily-2014-04-02

USD/JPY (daily chart as of April 2, 2014) broke out above the key resistance level of 102.85 with two strong up sessions on March 31 and April 1. This breakout was stronger than the one that occurred on March 6 and 7, which involved a weak candlestick that had a very long upper shadow attached (two gray shadows on chart for comparison). CLICK FOR MORE →

USD/CHF Breaks Critical Trend Line Ahead of ADP Report

USDCHF-04.02.2014

USD/CHF is trading lower after the release of the U.S. ISM manufacturing index. The pair has been under pressure overnight, as the market seems to be nervous ahead of the Non-Farm Payrolls and unemployment data, and a corrective sequence appears to be over from the 0.8699 low. CLICK FOR MORE →

AUD/NZD Under Pressure Post RBA Rate Decision

AUDNZD-04.01.2014

During the previous Asian session, the Reserve Bank of Australia announced the cash rate. The central bank kept the cash rate at a record low of 2.5 percent. AUD/USD traded higher after the release, but fell back to test the 0.9250 support level. Comparatively, the New Zealand dollar is trading higher, which has added pressure on AUD/NZD. CLICK FOR MORE →