July 13, 2018, 7:41 AM
Although last week’s decline took the USD Index under the late June’s lows, currency bulls didn’t break down with this deterioration and responded to their rivals fairly in previous days. Thanks to their determination, the greenback has wiped out most of the recent decline, which in combination with several other positive factors about which we wrote in today's Forex Trading Alert suggests that ...
July 12, 2018, 12:04 PM
In today's Forex Trading Alert, we present you with an update of a very short-term situation in all our currency pairs. One of them deserves special attention and applause. Can you guess what we mean?
July 11, 2018, 8:57 AM
Yesterday, the U.S. currency increased against the yen, which took USD/JPY above the upper line of the medium-term consolidation. Positive event? Yes. However, there is one important factor that keeps this currency pair below the level of 112. Do you want to check its impact on the exchange rate?
July 10, 2018, 10:16 AM
They say that the fortune favors the bold, but “they” clearly have never tried making money while trading the forex market. “Nobody ever got broke by taking profits” seems more reasonable as far as sayings go, but the truth is that in the end it’s always the risk to reward that decides whether a given position should be held or not and deviating from it is costly sooner or later. The situations in the EUR/USD and USD/CAD pairs were just very favorable, but they are now only somewhat favorable and exercising the above key rule seems appropriate. This is a profitable execution.
July 9, 2018, 10:05 AM
On Friday, GBP/USD verified the earlier breakout above the upper line of the consolidation, which encouraged the buyers to act. Thanks to their determination, the exchange rate reached the first upside target, making the long positions profitable. What’s next?
July 6, 2018, 9:18 AM
Analyzing the medium-term charts of the euro and the British pound, we see that currency bulls fought fiercely with their rivals during recent weeks. Despite several attempts to push both currencies lower, they successfully defended their main strongholds in both cases and defeated fans of the greenback. What does this mean for the U.S. currency and its European competitors?
July 5, 2018, 9:45 AM
Although USD/CHF climbed to an important resistance zone, daily indicators generated sales signals and a pro-bearish candlestick formation appeared on the daily chart, the sellers weren’t unable to generate a sizable move to the downside, which could take USD/CHF to the south. What bothers them so much?
July 3, 2018, 10:57 AM
On Friday, the British pound showed strength against the greenback, which resulted in an invalidation of the breakdown under the long-term support line. The closure of the week above this important line emphasized the advantage of currency bulls over their rivals. What a pity that they rested on their laurels.Why? Because yesterday’s session erased most of the earlier rebound. This bucket of cold water, however, awakened the buyers who returned to the game for higher levels. What must they do to make GBP/USD grow above 1.3000?
July 2, 2018, 9:53 AM
Today's session brought one more upswing, which took USD/JPY above the June high. Positive price action? Yes. Is it effective? This is a completely different story. If you want to know why bulls may have difficulties in the coming days, check this Forex Trading Alert.
June 29, 2018, 9:35 AM
The recent dynamic growth of the US dollar pushed USD/CAD to the fresh 2018 peaks. However, analyzing the charts it seems that the good streak of currency bulls has probably come to an end. Where such bleak assumptions come from? We have found 6 solid arguments, which do not bode too well for this currency pair at the beginning of next month. Do you want to know them too?
June 28, 2018, 10:50 AM
Mirror, mirror on the wall tell us what to looking for… Why do we start today's alert this way? Because on the one hand the Australian dollar hit a fresh low against its U.S. counterpart and tested the support area created by Fibonacci supports. On the other hand, sell signals generated by the indicators remain in the cards. What to do about it? We know.
June 27, 2018, 10:05 AM
Recent days showed that currency bulls are not as strong as it seemed after a fairly dynamic bounce that we could see almost a week ago. Despite the initial spurt, the buyers didn’t even manage to reach the first a bit more important resistance. Time showed that we did not have to wait long for the consequences of this manifestation of weakness. Does it mean that a fresh low is ahead of us? Is there anything that can stop sellers from such a victory?
June 26, 2018, 10:30 AM
Recent bears’ attempts to come back under the previously-broken upper border of the trend channel failed, which means that the buyers are quite determined to keep this territory. What can this lead to in the next days?
June 25, 2018, 9:30 AM
Will invalidation of the breakdown under the long-term support line be enough to encourage currency bulls for further activity in the coming week?
June 7, 2018, 9:27 AM
Recent days were quite good for currency bulls as they manage to break above the consolidation and climb to the previously-broken late March and early April lows. Will there be bears willing to fight for lower values of AUD/USD?
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