FOREX

USD/JPY technical analysis – heavy losses USD/JPY hit session highs of 102.40 in the European session, but after that a sharp decline drove the pair to 102.05 the weakest level since November 27. The announcement of ISM’s manufacturing purchasing managers’ index came in at 51.3 for January, down sharply from a reading of 57.0 in ...

Trend Trading Forex traders who search for a method that is low maintenance while allowing for access to nice market moves usually turn to trend trading. Trend trading is a strategy that allows you to take advantage of the big currency market moves while ignoring the small moves in hopes ...

Be prepared before you start trading with your money! Here you can find some useful tips that will help you to be a better trader. Be patient, don’t expect to be rich quick. Forex trading experience can make you rich. Do your own fundamental and technical analysis before starting a ...

FX Daily Daily Report December 26, 2013 The EUR/USD bottomed out at 1.3665 but the euro managed to bounce as the greenback lost momentum. At time of writing, the EUR/USD is trading at the 1.3695 zone, 0.14% higher. The pair hit the daily high at 1.37. Strong resistance at 1.3724 ...

Dollar/yen is down to ¥102.30 after starting the year above ¥105. South Africa’s rand at a 5-1/2 year low The Turkish lira tumbled 1.6% to a record low of 2.3360 per dollar The ¥103 level looks like a strong resistance – Deutsche Bank, JP Morgan and Morgan Stanley will support ...

Euro has risen above $1.38 for the first time since November 2011, with the dollar continuing to be dragged down by expectations that the Fed will delay tapering its QE program until next year

It’s proved and highly recommended not to trade on Mondays or after holidays, when the market has recently awaken Respect your stop order and don’t move it “cherishing hopes” Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits. ...

Focus over alleged forex manipulation widens with Goldman and Morgan Stanley in view and Barclays putting three New York-based traders on leave – The Department of Justice and the FBI have opened a criminal investigation into the possible manipulation of the $5.3T-a-day forex market. The probes add to those being ...

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Technical lines from top to bottom We begin with resistance at the round number of 104. This was a key line in May 2008. 102.50 was an important resistance line in late May. 101.44 was the post-crisis high seen in April 2009, and has not been tested since mid-July. 100.85 ...