FOREX.TODAY

Tag: Trading

Forex Major Currencies Outlook (Aug 4, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar continued to advance against its forex peers at the start of the week, despite weaker than expected data from the US economy. The ISM manufacturing PMI slid from 53.5 to 52.7 in July, reflecting a slower pace of expansion in the industry and showing a decline in the employment component. The…
Read more
Forex Major Currencies Outlook (July 27, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
USD The US dollar was in for a weak start this week since traders seem to be reducing their exposure ahead of the top-tier events later on. For today, only the durable goods orders report is due and a rebound is eyed. The headline figure could show a 3.2% gain after the previous 2.2% slide…
Read more
EURGBP Trend Line Pullback (July 24, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150724_eurgbp
EURGBP has been trending lower on its 4-hour forex chart, with price moving below a descending trend line connecting the highs since May. Price looks ready to pull back to the trend line, which is in line with the 200 SMA. For now, the 100 SMA is below this longer-term moving average, confirming that the…
Read more
AUDJPY Short-Term Range (July 23, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150723_audjpy
AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00. The pair seems to be on its way to test the bottom of the range for another potential bounce. However, the 100 SMA just crossed below the 200 SMA, suggesting that further…
Read more
EURUSD Correction Setup (July 22, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150722_eurusd
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance, which could allow the downtrend to resume. Stochastic is pointing down, confirming that selling pressure is present. RSI…
Read more
NZDJPY Potential Reversal (July 21, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150721_nzdjpy
NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible. Price found support at the 81.00 major psychological mark and resistance at the 83.00 major psychological level, which is the neckline of the chart formation. A break above the 83.00 mark would confirm that an uptrend…
Read more
EURAUD Short-Term Reversal (July 17, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150717    _euraud2
EURAUD formed a head and shoulders pattern on its 1-hour time frame, indicating that a reversal from the previous uptrend might be seen. Price is already breaking below the neckline support at the 1.4700 major psychological level and could be in for more declines. The chart pattern is around 400 pips high so the resulting…
Read more
USDCAD Bullish Continuation (July 16, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150716_usdcad 2
After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation. After all, the BOC decided to cut interest rates from 0.75% to 0.50% and lowered their growth forecasts. A break above the flag pattern around 1.2950 could mean a move beyond…
Read more
AUDUSD Short-Term Reversal (July 15, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150715_audusd2
AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month and seems ready to test the neckline around the .7500 level. An upside break from the neckline resistance…
Read more
GBPUSD Trend Line Break (July 14, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150714_gbpusd2
GBPUSD had been trading below a descending trend line since mid-June but the pair recently broke to the upside. This signals that a reversal is in order, especially since price made a pullback to the broken trend line which now seems to be holding as support. The 100 SMA is still below the longer-term 200…
Read more
USDJPY Descending Channel (July 6, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150706_usdjpy
After the huge weekend gap, USDJPY was able to test support at the bottom of the channel near the 121.50 minor psychological level. Price could make its way back to the top to test the resistance near the 123.00 major psychological level. Stochastic is on the way up, which means that buyers have enough energy…
Read more
USDJPY Range Forming (June 26, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150626_usdjpy2
USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held. Price is now moving back to the bottom of the range near the 122.50 minor psychological support. Stochastic is starting to climb from the oversold area, hinting that a bounce might take place. If so, price could…
Read more
GBPAUD Ascending Trend Line (June 25, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150625   _gbpaud2
GBPAUD has been forming higher lows, creating an uptrend on its 4-hour time frame. In fact, an ascending trend line can be drawn to connect the latest lows and the pair is moving closer to test the rising support area. RSI is pointing down, suggesting that there’s enough selling pressure left to trigger a move…
Read more
Camarilla Pivot Points for Forex Scalping
Profile photo of Wayne McDonell by Wayne McDonell
Video thumbnail for youtube video Pivot Points for Forex Scalping with Walker England - [FOREX TRAINING VIDEO]
[p1vc-video] Expert: Walker England, Trading Instructor at DailyFX Summary: Scalpers are tasked with finding important support and resistance levels on a daily basis. Simplify this step of your trading methodology through the use of pivot points! Join Walker for today's webinar as he discusses camarilla pivots and how to incorporate them into a variety of…
Read more
USD/JPY Trading Below Resistance After Optimistic Fed Stress Test
Profile photo of Wayne McDonell by Wayne McDonell
83b86__USDJPY-Trading-Below-Resistance-After-Optimistic-Fed-Stress-Test_body_Picture_11
Talking Points: Fed says large banks are better positioned for crisis 29 out of 30 banks meet capital targets USD/JPY continues to trade below resistance Want to trade with proprietary strategies developed by FXCM? Find out how here. The Federal Reserve announced the results of a stress test today after the close of US markets,…
Read more
Forex Scalping Techniques
Profile photo of Wayne McDonell by Wayne McDonell
Scalping Forex
[p1vc-video]   High frequency forex trading: Scalping Overview ... differs from institutional trading in various ways. Individual investors are limited in their trading capacity when compared to financial institutions, and as a result, there are some techniques individual investors can implement when trading the major currencies on an intraday basis. Day traders should look for…
Read more
What is forex and how is forex traded?
Profile photo of Wayne McDonell by Wayne McDonell
What is FOREX ?  How to trade Forex? This video will give you an overview of what the forex market is, why/how currencies change value and how you can trade as a speculator.  Central banks, International Businesses and even tourists effect the value of a currency with simple supply and demand.  Like buying a stock…
Read more
Thank You

Thank you for signing up. Confirmation will be sent to your inbox shortly. You can login here

Log in
Register
Send message