Category: Forex Trading
The analysis published under this category are as follows.
Tuesday, April 26, 2016
Technical Versus Fundamental Currency Analysis – What Is Better? / Currencies / Forex Trading
By: Boris_Dzhingarov
There are so many questions that appear when you start to analyze currencies. Many do not even properly understand what this actually is. We end up looking at terms that we never heard about and do not really know what to do.The problem is that currency market analysis is paramount to the success of any currency based investment. You simply cannot focus on currencies and make a profit in the event that you do not know exactly what the market is like, how it operates and what will happen in the future. Most people do not have the luxury of using automated systems or do not want to. You can see this platform as an example of an automated signal based trading system. This is an option but since you are here, you surely want to do your own analysis.
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Monday, April 25, 2016
USD/CHF Meets Heavy Resistance At 0.9850 / Currencies / Forex Trading
By: Submissions
Market Bulls writes: We have seen some interesting activity in the USD/CHF over the last few months as most of the market is still looking to weigh-in on the potential for interest rate changes as the US Federal Reserve. At this stage, there are not many global central banks that can even consider raising interest rates, so the developments here at the Fed will be critically important for those trading in the currencies space. The first step in the process here is to determine the price levels that will be required to form a basis and argue for or against bullish trend activity in the USD/CHF.
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Wednesday, April 06, 2016
Forex Trading Alert: EUR/USD – Time for Correction? / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, official data showed that German factory orders dropped by 1.2% in Feb, which weighed negatively on investors’ sentiment and pushed the euro lower against the greenback. As a result, EUR/USD slipped under the Feb high. What does it mean for the exchange rate?
In our opinion, the following forex trading positions are justified – summary:
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Thursday, March 24, 2016
US Dollar Rebound Spells Further Downside for the Kiwi Dollar / Currencies / Forex Trading
By: AnyOption
With rhetoric for US rates hikes ramping higher while other advanced economies across the globe consider the merits of additional accommodation, the US dollar has found itself on the mend after several weeks of softness. Even though US macroeconomic data has been mixed and at times disappointing, first quarter growth is projected to be strong, paving the way for additional tightening while countries such as New Zealand contemplate lowering benchmark rates even further. Read full article... Read full article...
Wednesday, March 23, 2016
Two Short-Term Forex Market Trading Strategies That Can Make You Money / Currencies / Forex Trading
By: Nicholas_Kitonyi
There is much debate amongst experts about whether a buy-and-hold strategy or active short-term trading will earn you higher returns in the long run. There are numerous stories about people successfully turning a few thousand dollars into over a million dollars, by sitting at home in front of their computers and actively trading the market every day. On the other hand, many financial experts believe that buy-and-hold is the way to go as the majority of actively managed funds do not outperform their benchmark indices.
Thursday, March 17, 2016
Forex Big Reaction to Little Action / Currencies / Forex Trading
By: Nadia_Simmons
Yesterday, the Fed announced that it had decided to leave the interest rates unchanged. However, this doesn't mean that nothing changed. There was something that the Fed said that altered the outlook.
What was it? The Fed now signals two rate hikes in 2016 instead of four. Some investors even say that the Fed's tightening cycle is over. Either way that's a bearish piece of information for the USD Index, so yesterday's move lower in it may (!) be followed by a few additional daily downswings (and it appears that we are seeing one now).
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Wednesday, March 16, 2016
USD/JPY - Short-term Consequences of Long-Term Resistance / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY?
In our opinion, the following forex trading positions are justified - summary:
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Friday, March 11, 2016
Forex Markets Uncertainty Around ECB Decisions / Currencies / Forex Trading
By: Nadia_Simmons
Earlier today, the euro declined against the U.S. dollar once again as uncertainty around today's ECB decisions continues to weight on the European currency. Thanks to these circumstances, EUR/USD dropped under the barrier of 1.1000. Will we see a test of the recent lows in the coming days?
In our opinion, the following forex trading positions are justified - summary:
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Tuesday, February 02, 2016
GBPUSD And USDCAD Elliott Wave Analysis / Currencies / Forex Trading
By: Gregor_Horvat
GBPUSD
GBPUSD bounced nicely to the highs earlier which we thought its going to be wave 5 of C), but a quick reversal down from 1.4443 high suggests that wave 4 can still be unfolding as a triangle. That said, upside may not be done yet for cable, so be aware of 1.4500 before market turns down with new impulse. Leg down from here and daily close beneath 1.4317 will indicate that wave C) is done anyway. Generally speaking, new reversal can be in the cards soon, but latest price move suggests that we are not there yet.
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Friday, January 29, 2016
USDJPY: "Diving" For Opportunity / Currencies / Forex Trading
By: EWI
Learn how protective stops keep you on the right side the trend
On a recent vacation to the Yucatan, my friend decided to get certified in scuba diving.
I, on the other hand, prefer breathing my air above water! But I did tag along with her to one of the classes, anyway. She learned how to handle and interpret all the various diver gauges: gas pressure, submersive pressure, depth, and on.
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Monday, January 25, 2016
Forex Trading As A Beginner / Currencies / Forex Trading
By: Boris_Dzhingarov
Binary options, Forex trading and stock investment are really popular these days. They are useful as they can generate additional income for those that are interested, offering an income channel that is not traditional (for instance, being an employee of a company). Forex trading can easily become a secondary business of your own and a lot of money can be made. The problem is that most beginners will not be successful and will actually end up losing their entire investment capital.Read full article... Read full article...
Monday, January 18, 2016
Forex Currency Pairs Guide / Currencies / Forex Trading
By: Boris_Dzhingarov
Currency Pairs
Forex trading works due to the value of a currency being determined by its relative value in comparison to another, you in currency pairings for this exact reason. These pairs are made up of a base currency (the first one) and a quote currency (the second). For example, with the GBP/USD currency pair the GB Pound is the base and the US Dollar is the quote. The pair shows how much of the quote currency is needed to purchase one unit of the base currency.
Thursday, December 10, 2015
USDCZK Dips Worth Eyeing / Currencies / Forex Trading
By: AnyOption
With the end of the year rapidly approaching, traders and investors are busy squaring positions and taking profits in the lead up to the holidays. One of the most notably impacts has been the sustained downward pressure on the US dollar after the currency proved amongst the best performers of 2015, with the dollar index up 8.00% year-to-date. However, in the uncertainty leading up to the FOMC decision next week, the remains softer versus peers despite the potential for the unveiling of a new rate hike cycle. However, by comparison, Europe looks no closer to exiting crisis-driven policies and seems intent on keeping policy accommodative over the medium-term. The Czech Republic in particular has been mirroring the slowdown in Europe, marked by weak inflation and record low interest rates. With a major policy divergence approaching, USDCZK losses might present an exceptional opportunity to gain greater exposure to dollar upside in 2016.Read full article... Read full article...
Saturday, December 05, 2015
Euro, Dollar, Buy the Rumor and Sell the News Alive in Forex Markets / Currencies / Forex Trading
By: EconMatters
ECB Disappoints
All those who continue to forget this trading maxim were royally punished on Thursday morning as the ECB could not match the trading enthusiasm built into the move in shorting the Euro and thus going long the US Dollar for the prior 7 weeks lead up into the ECB Monetary Policy Decision.
This is such a strong trading maxim to buy the rumor, and sell the actual news that it is the exception rather than the rule where an event over delivers. The best move is to take profits the day before the event as opposed to getting crushed on the news which happened today in the Euro and US Dollar forex trades. Literally the amount of crushing that some traders took this morning regarding giving up a month`s worth of profits in an hour is stomach churning.
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Thursday, October 29, 2015
The Chartology of The Currency Wars …What If ! / Currencies / Forex Trading
By: Rambus_Chartology
It finally looks like a major inflection point is getting very close to resolving itself in many different areas of the markets. The US dollar is the key driver of this inflection point which is starting to breakout from a nearly eight month bullish falling wedge consolidation pattern. This afternoon the US dollar began a strong rally that is somewhat unusual during the afternoon hours unless it is Fed Day where anything goes . The daily chart below now shows today’s bar clearly above the top rail of the bullish falling wedge. It’s still possible that we could see a backtest to the top rail at 97.12 before the next impulse move up begins in earnest.
Tuesday, October 20, 2015
EWI's FOREX FreeWeek is now on: Get free, live forecasts for USD, EUR, JPY and more / Currencies / Forex Trading
By: EWI
Greetings,
Our friends at Elliott Wave International have just announced the start of a rare, free event for forex traders at elliottwave.com:
Forex FreeWeek, Oct. 19-23
Now through noon on Oct. 23, test-drive their trader-focused Currency Pro Service -- at no cost to you.
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Tuesday, October 20, 2015
(Interview) Forex FreeWeek Preview: "Dollar is at an inflection point" / Currencies / Forex Trading
By: EWI
Forex FreeWeek at elliottwave.com runs Oct. 19-23
Currency Pro Service editor Jim Martens sat down with us Friday, October 16, to talk about what he expects to see from the dollar and related pairs during Forex FreeWeek.
Jim also shares his tips on controlling your emotions when trading and explains the importance of riding the trend in a market.
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Thursday, October 15, 2015
U.S. Dollar, Currency Markets Trend Forecasts Update / Currencies / Forex Trading
By: David_Petch
I thought I would do a deeper dive to revisit the currencies and US Dollar again, because there are a lot of comments out in cyberspace and the general media about how things are not that bad. The US stock market is having a massive short-covering rally, which is merely a mechanical knee-jerk reaction to an oversold condition. As I mentioned last week, there is still going to be another 2-3 weeks of upside in the "other currencies" and commodities, but when a top is put in place, one will want to make sure they are sitting on a chair, because it will get ugly.
Friday, October 09, 2015
Forex Trading: "Elliott wave analysis helps me cut to the chase." / Currencies / Forex Trading
By: EWI
Fresh insights from Elliott Wave International's Senior Currency Strategist, Jim Martens
Jim Martens is one of the few forex Elliott wave instructors in the world and a long-time editor of Elliott Wave International's forex-focused Currency Pro Service. A sought-after speaker, Jim has been applying Elliott waves since the mid-1980s, including two years at the George Soros-affiliated hedge fund, Nexus Capital, Ltd.
Below is an excerpt from his latest interview. To read the full interview -- and get Jim's latest big-picture forecast for EURUSD, tips on how to learn Elliott fast, and practical ideas on how to treat your forex trading as a business -- complete your free Club EWI profile. It only takes 30 seconds.
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Thursday, September 24, 2015
Deflation Signals Abound for U.S. Dollar, Forex Markets and Commodities / Currencies / Forex Trading
By: Rambus_Chartology
It appears we maybe entering into another bout of deflation by the looks of some of the charts I’ve been looking at. The US dollar will be the key driver if this second leg down is going to take hold. Many of the commodities charts are looking pretty heavy right now along with some of the commodities based currencies.
Lets start by looking at the most important currency in the world the US dollar. We’ll start with a two year daily chart for the US dollar that shows the big impulse move up that began last year in July and ended in March of this year. That big impulse move up was made up of four small red consolidation patterns two of which were bullish rising wedges which tells us the move is strong. Note how much bigger our blue bullish falling wedge consolidation pattern is vs the smaller red consolidation patterns that made up the impulse move. This is a perfect place for the US dollar to consolidate those big gains made last year. From a Chartology perspective this is exactly what you would like to see. The US dollar is working on its fourth reversal point that won’t be complete until it touches the top rail. At that point the pattern will be complete but we’ll still have to wait for the breakout to occur.
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