Hi friends. Pardon me if you get a sense of déjà vu while reading my technical analysis articles... Read more »
Usdchf Technical Analysis & 4-Hour Reversal
The usdchf is setting up a reversal on the 4 hr timeframe. This can be seen as a retracement of the strong push down on the weekly timeframe... Read more »
Forex Trading Journal: June 21
Hello traders my first trade of the week is going to be Gbp/Jpy. The pair has been moving lower all day today and is not approaching some heavy support around the 134.00 area... Read more »
Forex Video Analysis
Here is the video Analysis for June 21 2010. This analysis will help you develop the trends for the day... Read more »
Let’s Play The Gbpchf Range Again!
We traded the gbpchf daily range twice already. Our target for the short at 1.6450 has been surpassed. Here we are once again, at the bottom of the range... Read more »
Technical Analysis & Trade Setup on Eurusd
Although the Eurusd is not a pair that I frequently trade, it is the day trading currency pair of choice for many Forex traders. This universally appealing currency pair has good reason behind its popularity. It does not move in wild swings the way many others do, and can be somewhat more predictable. I have noticed a setup that may offer a good trading opportunity. A glance at the daily chart below will show a trendline break. Thursday’s candle closed firmly above the trendline, and the fact that there was a lot of consolidation on Friday is quite telling. Price bounced above a key area of support and was unable to make more than a slight retracement of the up move in spite of what I imagine are numerous sellers of this pair. This kind of retracement is usually followed by a strong push in one direction. It could still fall from here, but all the signs are pointing to a further rally. Read more »
Some thoughts on the oil spill.
Are we being told the truth about the oil spill? How bad is it really? What is the effect of all this? How about the cost? Read more »
My Most Profitable Trading Strategy
Sophia Todorova is the host of the live trading room for the London session. She has a background in teaching and psychology, and as such relishes the idea of assisting new traders on their journey to Forex trading success. Technical Analysis is her passion. The charts speak, and she listens. To Trade Live with Sophia Join [...] Read more »
Usdcad- Pips In The Making
The usdcad really is at a critical level now, much like the other major currency pairs. If one were merely looking at the lower timeframes, then it would be easy to get trapped without being aware of the solid weekly support that is currently being tested. The weekly timeframe below displays two red horizontal lines. These lines mark the 2008 range in which the market traded, between1.0320 and .9820. If the current bearish momentum continues, then it would not be unreasonable to expect a continued run down to further support levels. The first significant level of support would be 1.0000, followed by the bottom of the old range at .9820. It is worth bearing in mind though, that this could possibly be the right tip of a weekly bullish reversal setting up. Read more »
Forex Trading Journal: 1hr Triple Top
There is a triple resistance point on the Gbp/Usd seems to be holding at this time and there is a 1hr setup. I will let the charts speak to you about the setup. Read more »