The Aud/Usd has retraced and is now touching support. Look for a bounce off of these levels. If the bounce occurs there is a possible target of .9750 .9800 levels. Read more »
Forex Terminology For The Beginner
For the Forex beginner, navigating through the vast expanse of unfamiliar terminology used in Forex trading can definitely prove to be a confusing endeavor. Here, I have compiled a list of common terms used in trading, and a brief definition for each: Read more »
Forex Trading Contest Top Contestants
I am pleased to announce the top Winners for the Forex Trading Competition. The trading was great and I hope you had alot of fun. A big thanks to everyone that participated. Read more »
Bank Of Japan Trade Plan: Update
Last week I made a trade plan in this post, Read it and see what I proposed. I actually got out when the Bank of Japan attempted to intervene and we had that huge spike above 85. The trade plane worked out just great. Read more »
Relaxing While Trading
I thought i would write up the article on a weekend as it is on a topic which everyone is supposed to be doing over the weekend i.e. Relax !! This might seem a very trivial and boring topic to most but as everyone knows, [...] Read more »
Forex Trading Contest Update
Here is a short Video about the Forex Trading platform that we are using for the Forex Trading Contest. Today is the last day of the competition. We will be posting the results very soon. Thanks Casey Copyright secured by Digiprove © 2010 Read more »
Gbpusd Will Test 1.5900
After a solidly bullish weekly close on Gbpusd, the pair looks ready to test the daily 1.5900 resistance level. This current resistance at 1.5700 is being tested, and a breach of that is likely to send it screaming up towards that target. Below is a daily chart with a red horizontal line marking the resistance that stretches back to 2009, and a daily close above will likely signal timeout for the bears. After 1.5900, the weekly bullish reversal will be well underway, and the bulls will then turn their attention towards 1.6500. Read more »
USD/CHF Hourly 123 Reversal
ForexLive is reporting big bids near 98.25/50 on USD/CHF. The pair hit a low of 98.37 and is now showing a 123 low reversal pattern on the hourly chart: Read more »
Bank Of Japan Trade Plan
We have a new trade plan that is here because of the Bank of Japan Intervention. It also lines up with Technical analysis. When you get Fundamental and Technical together that can be a profitable combination. Read more »
Eurcad Technical Analysis
Eurcad has broken out bullish, as anticipated. On the weekly chart below, you will notice that the pair is currently trading at the top of the trading range in which it traded consistently for quite some time. A weekly close is important to confirm a breach of the resistance at 1.3700, but since there are still two days to go till the close of the week, I will be watching it on a daily timeframe for a potential entry to go long. The ultimate target would be 1.4600, just ahead of the outer trendline, and about 1000 pips from current levels. Read more »