Category: Guest Post
Dollar Index: Weekly Spike Reversal
After a significant five wave reversal on dollar index from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time
Trading System Pitfalls and How to Avoid Them
Traders following a trading system need to be aware of some of the associated pitfalls that can seriously impact the profitability of their trading. One of the most important pitfalls to avoid consists in failing to follow the system properly under all optimum trading conditions. Guest post by Forex News Now Major Pitfalls to Avoid
Reality Bites GB£
Following the shocking news about British economy squeezing in Q4, here’s some advice on what needs to be done in Britain, and what this means for the British pound. Guest post by Bob Nielsen On 19 Jan 11 Yohay posted a brief comment from me titled ‘The Long Trend for GB‘, on the relevance of the
Dollar Outlook For 2011
Guest post by NewstraderFX With the Federal Reserve still committed to adding liquidity by purchasing another $800 billion of Treasuries through June, and an economy which is likely to grow between 3% and 4%, we can still look for the dollar to weaken against currencies like the euro, pound and Australian dollar as stocks continue to
+ 550 Pips On My Last Two Trades
Guest post by NewstraderFX Yes-you read that correctly. I’m currently up 550 pips on long EUR/USD and GBP/USD trades. Have a look at my twitter page http://twitter.com/NewstraderFX where I posted the charts. My theories regarding trading have to do with establishing the bias, understanding market correlations, psychology and economic fundamentals, along with the use of Fibonacci
USD/JPY Elliott Wave
Japanese Yen is showing a very weak picture today across the board, losing a lot of value against the other major currencies but the most against the British Pound (more than 1%). The main driver for lower Japanese Yen is higher stock market and raising yields
Elliott Wave Video Analysis: Aussie, Euro, Gold and S&P500
European Stocks are higher today, pushing the US dollar lower across the board. One of the strongest currencies today is Australian dollar, which is up more than 0.50% today, threatening the parity level. We see even more upside for Aud/Usd confirmed by bullish Gold prices that reached new highs this morning around
Forex Social Platforms Provide Transparency
With the exploding popularity of the Forex market and its supporting industry, the daily turnover has now surpassed the wild number of $4 trillion. This presents a very profitable opportunity for traders but it also announces to the scammers of the Web that there is money to be made here. It is for this reason
GBP/USD – Impulsive Decline Underway!? Elliot Wave Analysis
Cable fell sharply in the past week when US dollar gained across the board. Price broke through the support channel line connected from 1.5299, September lows which was a key breakout for a change in trend. As such we believe that an impulse structure is unfolding from 1.6300 region with a red wave 3) in
Gold: A Corrective Pull-back?!
Gold is trading higher for the past few days, but an upward structure from 1329 lows is showing signs of a corrective recovery after the trend changed direction on 9th of November. Important resistance region that traders should pay attention on for a potential reversal from a wave 2 high, is between 1390-1400 zone. We