About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

  • Marc

    without offense Yohay but this article shouldn’t be written that way. This is like I am saying the market can go up and down. We all know this – this is Forex.

    For example AUDUSD: “Lines of support and resistance immediately flip sides when broken, regaining their strength after breakouts. When in trend, the pair is likely to find its movements within clear uptrend and downtrend channels. Also when the pair is in range, its behavior is certainly positive.” It looks like for me that you want to write an Text for the SEO and not for traders. This is part of every Tradingbook!

    Better would be if you give your personal view which levels are important for you and where you see the pair heading towards. For instance: Major Supportlevel is 0.70. With a break I am expecting a test of the 0.65 level. Nobody minds if you are wrong or not but at least it brings more value for the reader in my view. Positive: Your weekly analysis is written in a way I like it.

    Thanks!

    • Thanks for your comment Marc.
      My intention was to point out the more predictable pairs for those that have already read the various trading books. Some pairs work “by the book” and others don’t.
      Perhaps I should have made it clear that AUD/USD tends to respect the range more than other pairs – make less false breaks. And there is no SEO value here anyway as the article is available only to subscribers…
      And thanks for the kind words on the weekly outlooks – that’s indeed where the levels are described.
      I hope I have answered your questions and any feedback is welcome…

      • Marc

        thanks Yohay, I do appreciate your work and this page here and happy to have your reply. Keep up your work and hope for some nice pips in Q2.

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