Technical Monthly: Looks to be forming a bearish Ending Wedge pattern. A break of trend line support at 12145 and the measured move target is 8695. Rallies have stalled and found sellers near 13200. Weekly:  Forming a bearish Head and Shoulders pattern. A break of 11593 (neckline) is needed to confirm the pattern. The measured move wou...

2018-07-20 Steve O'Hare Read more

USD Index Weekly: Mixed trading for the last 7 weeks. We are looking for further upside pressure to be limited. Trend line resistance (and a possible Right Shoulder of a bearish Head and Shoulders pattern) is located at 95.70. The 50% Fibonacci pullback level from the 103.87-88.13 move is seen at 96.00. This is our sell ‘zone’ (95.70-96.00) ...

2018-07-19 Ian Coleman Read more

Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation (107 months of mixed trading).  Ichimoku Cloud resistance is seen at 1.4070. Marabuzo resistance May price action is located at 1.3365 Weekly:  For the last 92 weeks we have held within a bullish cha...

2018-07-18 Ian Coleman Read more

A phenomenon that a lot of traders notice - and you might have seen it yourself - is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live account, and using the exact same strategy, will lead to making mess money. This might lead a few of them ...

2018-07-18 Daniel John Grady Read more

Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. June posted an indecisive Inside Bar with all trading in the lower half of the May candle range. Marabuzo resistance (mid-point from the open and close) is loc...

2018-07-17 Ian Coleman Read more

Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2550. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attracted sellers. We trade to the lowest level in 10 months. This area has acted as resistance in 2016 and 2017 (1.1714 and 1.1616) and now acts as support. A doji style candle (li...

2018-07-18 Ian Coleman Read more

When it comes to Forex trading it is essential to maximize profits and limit losses in any way possible. One of the best ways to do this is to have a carefully thought out trading strategy and to stay disciplined throughout the trading day. While it can be tempting to enter the markets on a whim, here are a few reasons why a tried and tested pla...

2018-07-12 Orbex Read more

There is a "trick" of risk analysis that is used in investment evaluation that you might find really useful in your trading - especially when you are thinking of closing out a position. Let's think of each trade you make as an investment. You put a certain amount of money into the market - that is your risk capital - and hope that after a cer...

2018-07-12 Daniel John Grady Read more

Monthly: Since posting large nett losses in September 2017 (-395 pips) the cross has moved sideways. Price action in March (2018) has seen a bearish Outside Month posted and offers a mild downward bias. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearis...

2018-07-17 Ian Coleman Read more

Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 8 months. Reverse trend line su...

2018-07-18 Ian Coleman Read more