All Blog Posts (1,487)

I wanted to take some time and create a series of blogs that will help Forex traders better navigate the “shark infested waters” of the Spot Forex over the counter marketplace.  I have spent a tremendous amount of time over the last few months researching the forex brokers.  I want to share what I have learned and how to better combat some of the tactics that brokers take to help them insure a better bottom line. 

Let me just say, that I still love trading the Forex market.  I think…

EURUSD

The Euro-Dollar had another correction month in January and is still inside a symmetrical triangle, having bounced from the monthly SMA100 and Fibonacci 50% retracement on previous swing high, and reaching the middle line of the Bollinger Bands which is nearing a confluence with the SMA34 (middle point between both lines would be 1.3750…

To make a profit in the investment market, it is vital to choose the perfect market for investment. Some people used to invest in mutual funds considering it a safe method to invest within, particularly for the duration of the 1990's, which resulted in the high popularity of the market but later on it faced many barriers and people found other areas to invest their money for a profit. After trying mutual fund, people considered investing in the stock market still faced problem of choosing…

Over night the Green back hit its lowest levels of the year and on to a three month low against most major currencies. As the start of the US session gives way to a better then expected ADP report coming in just ahead of expectations a little life was breathed into the dollar as traders looked for risk aversion into the start of the trading day on a little profit taking for the day.

 …

USDCAD

The Loonie had a second bullish week after breaking and coming back from previous weekly lows at around 0.9940. Friday candle penetrated the daily SMA34 and almost reached the 50% Fibonacci retracement level on previous swing low, which coincides with the upper trend line of the descending channel, a few pips above parity. On a medium-term…

USDJPY

The Dollar-Yen has been following the upper trend line of the weekly descending channel inscribed in a bigger falling wedge and ranging between 82.00 and 83.00 for the last three weeks. Monday price action went into a very tight consolidation between 82.00 and 82.25, and today is showing a bearish move with a break and retest of 81.80 level.…

EURCHF

A tweezer top on weekly charts marked a retracement to the 38.2% Fibonacci retracement on daily time frame, after price had almost reached daily SMA100 and weekly middle line of Bollinger Bands. Monday’s price action was a bounce back to the upside from the middle line of daily bands and middle line of weekly descending…

EURUSD

The Euro-Dollar broke the bullish daily trendline on Friday and the week ended on a pin bar closing at the weekly SMA100 and just above the 50% Fibonacci retracement on previous swing low, having reached the 61.8% retracement from where price experienced a rejection to the downside. Monday price action has recovered almost all…

In British English, a charwoman refers to a cleaning lady. Usually, such woman work according to a conventional weekly schedule. She comes on specific days and time to clean and do some housework and then leaves again. In some cases, she is provided with the house key to get in and out easily. She may be called as a charlady as well.

The word “char” belongs to Middle English language, which suggests “chore,” thus a charwoman would literally mean a chore-woman. The work…

USDCAD

Weekly charts show the USD/Cad at the bottom of a falling wedge inside a descending channel, with a possible double bottom formation from which I would expect a reversal to the upside towards the middle line of the Bollinger bands at around 1.0120 and further to the SMA34 at 1.0250. On the daily charts, we have a bell-shaped descending…

USDJPY

The Dollar-Yen ended last week with price being contained by the upper trend line in a descending channel on both daily and weekly charts, stopping at the 50% Fibonacci retracement on previous daily swing low and at a confluence of moving averages SMA34 and SMA100. Weekly charts show a falling wedge thus a potential for a break up to…