2017

When it comes to retail forex trading, traders often tend to focus on the advertising hype created by the forex broker rather than the important factors relating to their specific trading strategy. Like a game of chess, all of the pieces…
Read More

As we advised last week and as we see over our previous chart Dow managed to hold trades above support 24670 as we advised last week, where managed to head toward resistance 24850 As long as market holding below 24850 another drop…
Read More

Gold managed to back to advance just before year end As we see over the chart, Gold facing resistance downtrend line around 1294-99 zone where as long as market holding trades below another drop correction toward 1260-65 zone will be…
Read More

Crude Oil managed finally to break above 58.60 and managed to met target 59.60 yesterday Market still on the uptrend wave as long as market keep holding trades above 58.00-40 zone where market may set a new target toward 62.00 as we see…
Read More

As we advised last week and as we see over our previous chart USDJPY managed to break above 112.90 where market managed to close from target 113.70 As we see over the chart, as long as market holding below 113.75 the chance for…
Read More

As we see over the chart British pound is closing from testing resistance downtrend line around 1.3450-60 zone As long as market holding below this zone the chance for another drop wave may be available Above 1.3460 market may…
Read More

Euro managed to sustain advance where market is closing from downtrend line resistance around 1.1915 zone As long as marketholding below this level the market may have chance for another drop movement toward 1.1815 and 1.1710 Above…
Read More

NZDUSD intra-day analysis NZDUSD (0.7052): The New Zealand dollar managed to consolidate above the 0.7023 level. After breaking out higher above this level, price action briefly dipped to establish support. The current bullish momentum…
Read More

USDJPY intra-day analysis USDJPY (113.22): The USDJPY continues to trade flat with yesterday's session closing with a doji pattern once again. Price initially opened lower but the U.S. dollar quickly recovered to the fill gap but only to…
Read More

Daily Forex Market Preview, 27/12/2017 The markets were relatively quiet yesterday with most of Europe closed while the economic data from the U.S. were scant. The S&P/CS housing price index data rose 6.4%, beating estimates of 6.3%.…
Read More