Foreign Exchange (Forex) market services
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 ReportsUSDCAD Weekly Analysis - January 31, 2015
Saturday, 31 January 2015 13:52 UTC
USDCAD's upward movement from 1.0619 (Jul 3, 2014 low) extended to as high as 1.2797. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Near term support is at 1.2450, and the key support is...USDJPY Weekly Analysis - January 31, 2015
Saturday, 31 January 2015 13:51 UTC
USDJPY moved sideways in a trading range between 115.56 and 121.84. As long as 115.56 support holds, the sideways movement could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014 low), another rise towards 130.00 could be...AUDUSD Weekly Analysis - January 31, 2015
Saturday, 31 January 2015 13:50 UTC
AUDUSD's downward movement from 0.9504 (Jul 1, 2014 high) extended to as low as 0.7719. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the downward trend line on...GBPUSD Weekly Analysis - January 31, 2015
Saturday, 31 January 2015 13:49 UTC
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4950 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...EURUSD Weekly Analysis - January 31, 2015
Saturday, 31 January 2015 13:48 UTC
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.1097 is likely consolidation of the downtrend. Range trading between 1.1097 and 1.1600 would likely be seen in a couple of weeks. Near term resistance is at 1.1600, as...USD/JPY Forecast February 2, 2015, Technical Analysis
Saturday, 31 January 2015 12:52 UTC
The USD/JPY pair broke down during the session on Friday but remains within the consolidation of area that we have been in for some time now. Because of this, we have no interest in trading this pair, but we do believe ultimately this market goes...
Forex SignalsClose(SL) Buy USD/JPY @ 117.585 By Signal Factory
Friday, 30 January 2015 10:46 UTC
Close(SL) Buy USD/JPY @ 117.585 By Signal Factory | Loss: -15 pips | 2015.01.30 10:38...Sell EUR/NZD @ 1.56390 By Signal Factory
Friday, 30 January 2015 10:45 UTC
Sell EUR/NZD @ 1.56390 By Signal Factory | SL:1.56862 | TP:1.55582 | 2015.01.30 10:30...Close(TP) Sell NZD/JPY @ 85.269 By Signal Factory
Friday, 30 January 2015 10:31 UTC
Close(TP) Sell NZD/JPY @ 85.269 By Signal Factory | Profit: +79 pips | 2015.01.30 10:19...Close(SL) Sell CAD/CHF @ 0.73165 By Signal Factory
Friday, 30 January 2015 10:30 UTC
Close(SL) Sell CAD/CHF @ 0.73165 By Signal Factory | Loss: -40 pips | 2015.01.30 10:17...Close(SL) Sell EUR/AUD @ 1.46348 By Signal Factory
Friday, 30 January 2015 10:30 UTC
Close(SL) Sell EUR/AUD @ 1.46348 By Signal Factory | Loss: -38 pips | 2015.01.30 10:26...
Technical Analysis ArticlesTips 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...What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC
For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC
We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...Know more about Forex Risk/Reward Ratio
Thursday, 12 September 2013 11:03 UTC
A forex trader will often encounter the term 'risk/reward ratio'. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?
Forex Market Analysis
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