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FOREX

GBP/USD support resistance for 17-02 – 21-02 / 2014

GBP/USD support resistance for 17-02 – 21-02 / 2014 Uptrend will continue. Estimated pivot point is at the level of 1.6570 My view: Buy the pair after correction above the level of 1.6650 with the target of 1.6880. First support the pair will face at 1.6613. Second support at 1.6570. Breakout of the level 1.6570 ...

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GBP/USD at daily high

GBP/USD at daily high GBP/USD is trading at daily high after the BoE revised up the economic growth forecasts for the UK economy to 3.4% in 2014 from 2.8%. Regarding consumer prices, the central bank said they would gyrate around the bank’s target. The pair hit the low at 1.6425 ...

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Forex trader view: A perfect day!

Nice move from my favorite pair EUR/USD, after hit the daily high at 1.3682 the sellers stepped in and drove the euro back down to 1.3629, which was just perfect for my short euro position that I had opened at 1.3672, I was expecting for the euro to go lower ...

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A huge day for Euro

Euro/dollar The euro shot higher against the U.S. dollar on Friday, after data reports that the U.S. economy added fewer jobs than expected last month but weak German data pressure the single currency. The U.S. unemployment rate ticked down to 6.6% last month, from 6.7% in December. Analysts had expected ...

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USD/JPY technical analysis – heavy losses

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 ...

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Forex Trend Trading

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 ...

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Forex trading tips from the pros

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 ...

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FX Daily

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 ...

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Forex Market News

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 ...

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Euro at 8 month high vs US dollar

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

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