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GBPAUD Prints Massive Reversal Signal at Weekly Reistance

GBPAUD Prints Massive Reversal Signal at Weekly Reistance

Sep 21, 2014 01:54
The news about the Scottish independence has been ‘the’ hot topic amongst Forex traders this week causing heavily volatility on the GBP markets. As most of you know,...

Majors»

USD/JPY Forecast Sep. 22-26

USD/JPY Forecast Sep. 22-26

Sep 21, 2014 13:57
The yen continues to drop, as USD/JPY gained about 160 points last week. The pair closed the week just shy of the 109 level, marking a six-year high. The upcoming week...
  • EUR/USD Forecast Sep. 22-26
    EUR/USD Forecast Sep. 22-26
    EUR/USD failed to recover, and eventually fell to a new 14 month low. Is this the pair set to continue declining?...
    on Sep 20, 2014 16:40
  • Forex Weekly Outlook Sep. 22-26
    Forex Weekly Outlook Sep. 22-26
    The dollar had another positive week, advancing against most currencies on the background of the the FOMC meeting....
    on Sep 19, 2014 17:44
  • GBP/USD Forecast Sep. 15-19
    GBP/USD Forecast Sep. 15-19
    The British pound lost ground early last the week but recovered and posted slight gains over the week. The...
    on Sep 14, 2014 18:13

Minors»

NZD/USD Forecast Sep. 22-26

NZD/USD Forecast Sep. 22-26

Sep 21, 2014 11:01
The New Zealand dollar dropped to new lows. Yes, once again. Can the bleeding stop now? Trade balance is the main event. Here is an analysis of fundamentals and an updated...
  • AUD/USD Forecast Sep. 15-19
    AUD/USD Forecast Sep. 15-19
    AUD/USD suffered its worst week in over a year, losing more than 300 points. The pair closed the week slightly...
    on Sep 14, 2014 16:05
  • USD/CAD Forecast Sep. 15-19
    USD/CAD Forecast Sep. 15-19
    The Canadian dollar had its worst week of 2014, as USD/CAD jumped about 200 points, closing close to the 1.11...
    on Sep 14, 2014 14:07
  • NZD/USD Forecast Sep. 15-19
    NZD/USD Forecast Sep. 15-19
    The New Zealand dollar was under the heavy hand of the US dollar once again, reaching new lows and even falling...
    on Sep 14, 2014 11:31

Basics & Industry»

How to Use Parabolic SAR in Forex

How to Use Parabolic SAR in Forex

Sep 18, 2014 08:52
One of the most common strategies in forex trading is to follow trends. However, it is often difficult to know exactly when a trend has begun and – equally importantly –...

Recent Articles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

Market Movers Episode #16: Risk Reward Ratio, Digesting the Fed and Chinese wobbles

What is a risk-reward ratio and why is it important? We explain and also discuss the right and wrong way to incorporate the ratio in your system. Why did the dollar rally on the FOMC meeting? 5 reasons are provided and we look forward. Last but not least, we discuss the recent wobbles around China. Welcome

USD/JPY Forecast Sep. 22-26

USD/JPY Forecast Sep. 22-26

The yen continues to drop, as USD/JPY gained about 160 points last week. The pair closed the week just shy of the 109 level, marking a six-year high. The upcoming week is a quiet one, with only three events on the calendar. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. Last

NZD/USD Forecast Sep. 22-26

NZD/USD Forecast Sep. 22-26

The New Zealand dollar dropped to new lows. Yes, once again. Can the bleeding stop now? Trade balance is the main event. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Yet another week of dollar dominance hit the kiwi. The FOMC main some minor hawkish tweaks and that was enough to send NZD down,

GBPAUD Prints Massive Reversal Signal at Weekly Reistance

GBPAUD Prints Massive Reversal Signal at Weekly Reistance

The news about the Scottish independence has been ‘the’ hot topic amongst Forex traders this week causing heavily volatility on the GBP markets. As most of you know, I don’t follow the news or fundamentals too heavily. One of the benefits of price action trading is letting the charts communicate how the market ‘feels’ about

New Zealand election results are NZD positive – Sunday gap possible

New Zealand election results are NZD positive – Sunday gap possible

Results are coming in from the parliamentary elections in New Zealand and the results show a victory for the National Party, giving Prime Minister John Key a third term in office. Markets like continuity and certainty as well as market oriented governments. This was not unexpected, but the actual results could even be better: National is en route to win

EUR/USD Forecast Sep. 22-26

EUR/USD Forecast Sep. 22-26

EUR/USD failed to recover, and eventually fell to a new 14 month low. Is this the pair set to continue declining? A speech by Mario Draghi, PMIs and an important German survey are the highlights. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD, now on lower ground. The

Greenback rallies to multi-year highs on interest rate trajectory; Focus shifts from GBP to EUR

Greenback rallies to multi-year highs on interest rate trajectory; Focus shifts from GBP to EUR

As forecast the result of Thursday’s Scottish independence referendum was that the land of scotch and bagpipes with remain a part of Team GB. That outcome however was far from certain in the final days of campaigning. This resulted in significant volatility in Sterling pairs, especially towards the end of the week. GBPUSD has traded

Forex Weekly Outlook Sep. 22-26

Forex Weekly Outlook Sep. 22-26

The dollar had another positive week, advancing against most currencies on the background of the the FOMC meeting. The upcoming week features Mario Draghi’s speech, German Ifo Business Climate, US New Home Sales, US Durable Goods Orders, among other events. Here is an outlook on the major events coming our way. The FOMC left its

EUR/USD Sep. 19 – Sliding from the highs as markets digest Scottish No

EUR/USD Sep. 19 – Sliding from the highs as markets digest Scottish No

EUR/USD is ticking lower below resistance at 1.2920, sliding after the counter reaction to the FOMC dollar rally. Scotland voted against independence and this is also a sign of relief for Europe. The focus now returns to monetary policy divergence between the euro-zone and the US. Here’s a quick update on technicals, fundamentals and sentiment moving

GBP/USD approaching falling 200 day Moving Average, but remains bullish near term

GBP/USD approaching falling 200 day Moving Average, but remains bullish near term

A daily candlestick chart of the GBP/USD currency pair appears above showing the rate rising sharply yesterday and this morning beyond its medium term down trend line drawn in red. It also pushed strongly above its 38.2 percent Fibonacci retracement level towards it 26.8 percent level. The rate is now approaching its falling 200 day

This week in the markets: Scottish independence ‘no’ vote pushes the pound higher

This week in the markets: Scottish independence ‘no’ vote pushes the pound higher

The pound was depressed early in the week thanks to uncertainty over the outcome of the Scottish vote, with GBP/USD dropping below 1.62 on Tuesday. All the main Westminster political parties pledged more powers to Scotland, with the Daily Record running a front page article signed by David Cameron, Ed Miliband and Nick Clegg with