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 August 24, 2016, Technical Analysis
Wednesday, 24 August 2016 07:39 UTC
The USD/JPY pair struggled a bit during the course of the day but did find enough support at the 100 level to turn things back around and form a strong hammer. The hammer of course is a bullish sign, and I think at this point time if we can break...USD/CAD Forecast August 24, 2016, Technical Analysis
Wednesday, 24 August 2016 07:38 UTC
The USD/CAD pair fell significantly during the day on Tuesday as the bullish inventory numbers came out of the United States supporting oil markets. By doing so, traders flooded into this market and pushed the value the Canadian dollar higher as...GBP/USD Forecast August 24, 2016, Technical Analysis
Wednesday, 24 August 2016 07:37 UTC
The GBP/USD pair rose during the course of the day here on Tuesday, but still has quite a bit of resistance above that could come into play. That being the case, and exhaustive candle above will be a nice selling opportunity. With this being the case,...EUR/USD Forecast August 24, 2016, Technical Analysis
Wednesday, 24 August 2016 07:36 UTC
The EUR/USD pair initially tried to rally during the course of the session on Monday, but then broke down at the 1.1350 level. By doing so, it looks as if we are going to continue to be choppy, but given enough time I think there is enough...AUD/USD Forecast August 24, 2016, Technical Analysis
Wednesday, 24 August 2016 07:35 UTC
The AUD/USD pair initially tried to rally but we turn right back around to form a shooting star. The shooting star of course is a negative sign. A break down below the bottom of the shooting star suggests that the market is going to possibly drift...EURGBP Pullback to Channel Support (Aug 24, 2016)
Wednesday, 24 August 2016 02:31 UTC
EURGBP has been moving in an ascending channel visible on its longer-term time frames and is just testing the resistance. Price seems to be making a correction from the uptrend at this point and applying the Fib tool on the latest swing high and...
Forex SignalsClose(TP) Buy GBP/USD @ 1.32597 By Signal Factory
Wednesday, 24 August 2016 13:45 UTC
Close(TP) Buy GBP/USD @ 1.32597 By Signal Factory | Profit: +80 pips | 2016.08.24 13:38...Sell GBP/NZD @ 1.80752 By Signal Factory
Wednesday, 24 August 2016 12:00 UTC
Sell GBP/NZD @ 1.80752 By Signal Factory | SL:1.81152 | TP:1.79952 | 2016.08.24 11:59...Close(SL) Sell NZD/CAD @ 0.94606 By Signal Factory
Wednesday, 24 August 2016 09:00 UTC
Close(SL) Sell NZD/CAD @ 0.94606 By Signal Factory | Loss: -40 pips | 2016.08.24 08:49...Close(SL) Buy EUR/AUD @ 1.48040 By Signal Factory
Wednesday, 24 August 2016 08:45 UTC
Close(SL) Buy EUR/AUD @ 1.48040 By Signal Factory | Loss: -40 pips | 2016.08.24 08:43...Buy USD/CAD @ 1.29176 By Signal Factory
Wednesday, 24 August 2016 08:45 UTC
Buy USD/CAD @ 1.29176 By Signal Factory | SL:1.28776 | TP:1.29976 | 2016.08.24 08:31...
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Monday, 07 October 2013 08:19 UTC
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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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