Technical Analysis
Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefor needs no special consideration. The main tool by witch to analyse the forex market is forex charts.
EURUSD continues to throw up negative indicators
EURUSD continues to throw up negative indicators. Selling pressure over the last week has broken the support line of the holding pattern which…
Gold and Silver showing some signs of potentially changing direction
Coming into the last trading session of the week, at least there is some consistency being shown. Following on from Thursday’s report, crude…
Technical indicators continue to point to a move away from risk
Technical indicators continue to point to a move away from risk. The sell-off on the back of coronavirus fears might not be as…
24-hour period of selling pressure
A further 24-hour period of selling pressure continued to dominate the metals, EURUSD and GBPUSD. There were some short-term periods of buying pressure…
“Risk-off” was the theme at the start of the week beginning 21st September.
Markets which had been trading sideways for some days broke to the downside as fears grew over the severity of a second COVID…
Price volatility draining out of the forex market
Price volatility has been draining out of the forex markets since the middle of last week. Wall Street equity indices have posted a…
Traders Update – Dollar weakness is generating ‘Strong Buy’ signals in Euro, Gold, Silver and Bitcoin
Gold and Bitcoin are both working their way towards and through ‘Big Number’ resistance in the form of the $2,000 and $11,000 price tags. Bitcoin’s…
Traders Update – Equity market metrics suggest it’s too early to sell and too late to buy
Equity market metrics suggest it’s too early to sell and too late to buy. The currency markets are offering stronger signals and dollar…
Will Hong Kong lose its place on the world trading stage?
Two decades on from the handover of sovereignty from the United Kingdom to China, Hong Kong currently ranks first in the world according…
Macroeconomic Outlook and Recap: 25/11/19
Last week started with an erratic tone, initially with favourable comments from both sides of the US-China trade negotiations, which saw riskier assets…
NZDUSD: Risks Shifting Lower
Well the market in this erratic consolidation actually breaking this uptrend line that comes up from the middle of November in here…
DAX: Aiming lower
Hi traders this is Steve Miley for forextraders.com and here we’re looking at the DAX FUTURE. That’s the German stock market Future in…
USDCAD: Threat to key 1.3348
Hi there, this is Steve Miley for forextraders.com and here we’re looking at the US dollar verses Canadian dollar spot FX rate. Well…
GBPUSD: Looking for a rebound
Hi, there traders we’re going to take a look at the Pound against the US dollar; the GBPUSD spot FX rate on a day…
USDJPY: Risks still just to the upside
Hi traders this is Steve Miley for forextraders.com and here we’re looking at the US dollar against the Japanese Yen spot FX rate…
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