Foreign Exchange (Forex) market services
About Market Cycle
Most of the phenomena we encounter in our daily lives occur in cycles. This is the case with seasons, the rising and setting of the sun, the ebb and flow, day and night, the earth revolving around the sun, etc. We take these for granted and rarely think of them in terms of cycles. Furthermore, we seldom associate cycles with forecasting. Now, we can use market cycle theory to forecast the evolution of forex markets.
RSI (Relative Strength Index)
The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing." The failure swing is considered a confirmation of the impending reversal in the price of the currency.
Relative strength index day trading signal
USDJPY daily chart
USDJPY 4 hours chart
Daily Forex ReportsUSD/JPY Forecast October 27, 2016, Technical Analysis
Thursday, 27 October 2016 06:06 UTC
The USD/JPY pair rallied during the course of the session on Wednesday, but the 105 level below continues offer a significant amount of resistance. If we can break above the 105 level, the market could very well reach towards the 107 handle....USD/CAD Forecast October 27, 2016, Technical Analysis
Thursday, 27 October 2016 06:05 UTC
The USD/CAD pair initially fell during the course of the session on Wednesday, but turned around to form a bit of a hammer. This is the third day in a row that we have seen a hammer, so at this point I believe that the USD/CAD pair will continue...GBP/USD Forecast October 27, 2016, Technical Analysis
Thursday, 27 October 2016 06:04 UTC
The GBP/USD pair rallied slightly during the day on Wednesday, as we continue to try to form some type of base in this area. Ultimately though, I believe that any rally will be sold off sooner or later, and I am looking for exhaustive candles...EUR/USD Forecast October 27, 2016, Technical Analysis
Thursday, 27 October 2016 06:03 UTC
The EUR/USD pair rallied rather significantly during the day on Wednesday, touching the 1.0950 region. However, we gave up a lot of this gains in order to form a shooting star like candle, and that of course is a very bearish sign. Quite frankly,...AUD/USD Forecast October 27, 2016, Technical Analysis
Thursday, 27 October 2016 06:02 UTC
The AUD/USD pair initially tried to rally during the course of the day on Wednesday but turned around to form a massive shooting star. While this is typically a negative sign, the reality is that the lows keep getting higher, so I feel that any...USDCAD Daily Analysis - October 27, 2016
Thursday, 27 October 2016 04:01 UTC
USDCAD is facing 1.3397 resistance, a break of this level will signal resumption of the uptrend from 1.3005, then next target would be at 1.3600 area. Support is at 1.3276, only break below this level will indicate that the uptrend had completed...
Forex SignalsClose(SL) Buy NZD/CAD @ 0.95162 By Signal Factory
Thursday, 27 October 2016 17:15 UTC
Close(SL) Buy NZD/CAD @ 0.95162 By Signal Factory | Loss: -40 pips | 2016.10.27 17:10...Buy EUR/GBP @ 0.89559 By Signal Factory
Thursday, 27 October 2016 16:45 UTC
Buy EUR/GBP @ 0.89559 By Signal Factory | SL:0.89159 | TP:0.90359 | 2016.10.27 16:39...Close(SL) Buy GBP/NZD @ 1.70761 By Signal Factory
Thursday, 27 October 2016 15:45 UTC
Close(SL) Buy GBP/NZD @ 1.70761 By Signal Factory | Loss: -40 pips | 2016.10.27 15:43...Buy GBP/AUD @ 1.60087 By Signal Factory
Thursday, 27 October 2016 15:45 UTC
Buy GBP/AUD @ 1.60087 By Signal Factory | SL:1.59687 | TP:1.60887 | 2016.10.27 15:34...Close(TP) Buy EUR/NZD @ 1.53324 By Signal Factory
Thursday, 27 October 2016 14:30 UTC
Close(TP) Buy EUR/NZD @ 1.53324 By Signal Factory | Profit: +80 pips | 2016.10.27 14:19...
Forex ArticlesHYCM Review
Thursday, 27 October 2016 14:47 UTC
This HYCM review conducted by the team of "ForexSQ" experts for those who want to know about how to open trading account with HYCM broker. The HYCM forex broker is the trading name of Henyep Capital Markets Ltd., a part of the Henyep Group, a...FxPro Review
Friday, 21 October 2016 14:58 UTC
This FxPro review conducted by experts for those investors want to open forex trading account with FxPro UK broker, In this review you will know about trading platforms, minimum deposit, Spreads and how to open a free demo account. Regulation ...How to Buy Forex EA, Systems, Indicators?
Monday, 12 September 2016 07:11 UTC
Forex EA, systems and indicators are necessary for every trader who wants to trade in the Forex market, and make the most of each trade. There are both leading and lagging indicators that you can use. However, before you actually use them, you...Tips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC
According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC
A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...
Forex Market Analysis
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