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 ReportsUSD/JPY Forecast June 24, 2016, Technical Analysis
Friday, 24 June 2016 06:42 UTC
The USD/JPY pair initially fell during the day on Thursday but turned right back around and broke well above the 105 level. By doing so, it looks as if the market is going to continue to show bullish pressure. The 106 level has significance as...USD/CAD Forecast June 24, 2016, Technical Analysis
Friday, 24 June 2016 06:41 UTC
The USD/CAD pair initially fell during the course of the day but turned around and bounced enough to form a nice-looking hammer. That of course is a very bullish sign, and as a result it looks as if the buyers will come back into this market and...GBP/USD Forecast June 24, 2016, Technical Analysis
Friday, 24 June 2016 06:40 UTC
The GBP/USD pair initially rallied during the day on Thursday but found enough exhaustion above the 1.48 level to turn and form a nice-looking shooting star. This is a currency pair that will be very sensitive to whatever announcement we get...EUR/USD Forecast June 24, 2016, Technical Analysis
Friday, 24 June 2016 06:39 UTC
The EUR/USD pair initially broke higher during the course of the day on Thursday as rumors have sent quite a bit of speculation into this market due to the fact that they are essentially saying that the United Kingdom will more than likely stay...AUD/USD Forecast June 24, 2016, Technical Analysis
Friday, 24 June 2016 06:39 UTC
The AUD/USD pair broke higher during the course of the day on Thursday, breaking out above a resistance barrier at the 0.75 level. Having said that, we have cleared the top of the consolidation area that we have been in for some time, and more and...NZDUSD Channel Resistance Holding (June 24, 2016)
Friday, 24 June 2016 04:00 UTC
NZDUSD has been trending higher on its longer-term time frames but it appears to have hit a major road bump at the top of its ascending channel. The resistance around .7300 appears to have held and price is setting its sights back on the support...
Forex SignalsSell AUD/NZD @ 1.04751 By Signal Factory
Friday, 24 June 2016 20:45 UTC
Sell AUD/NZD @ 1.04751 By Signal Factory | SL:1.05151 | TP:1.03951 | 2016.06.24 20:37...Close(SL) Buy CAD/CHF @ 0.74639 By Signal Factory
Friday, 24 June 2016 19:30 UTC
Close(SL) Buy CAD/CHF @ 0.74639 By Signal Factory | Loss: -40 pips | 2016.06.24 19:19...Buy EUR/NZD @ 1.55839 By Signal Factory
Friday, 24 June 2016 19:15 UTC
Buy EUR/NZD @ 1.55839 By Signal Factory | SL:1.55439 | TP:1.56639 | 2016.06.24 19:06...Close(SL) Buy EUR/AUD @ 1.48609 By Signal Factory
Friday, 24 June 2016 18:30 UTC
Close(SL) Buy EUR/AUD @ 1.48609 By Signal Factory | Loss: -40 pips | 2016.06.24 18:15...Buy EUR/AUD @ 1.49009 By Signal Factory
Friday, 24 June 2016 17:45 UTC
Buy EUR/AUD @ 1.49009 By Signal Factory | SL:1.48609 | TP:1.49809 | 2016.06.24 17:36...
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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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