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 July 26, 2016, Technical Analysis
Tuesday, 26 July 2016 05:39 UTC
The USD/JPY pair initially rallied during the course of the session on Monday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and we could drop down to the 105 level as a result. There should be...USD/CAD Forecast July 26, 2016, Technical Analysis
Tuesday, 26 July 2016 05:38 UTC
The USD/CAD pair broke higher during the course of the session here on Monday, slicing through the 1.32 level. Now that we broke above there, and the fact that the oil markets are looking soft, I believe that this market continues to go much...GBP/USD Forecast July 26, 2016, Technical Analysis
Tuesday, 26 July 2016 05:38 UTC
The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter the market at higher levels, as the 1.35 level above...EUR/USD Forecast July 26, 2016, Technical Analysis
Tuesday, 26 July 2016 05:37 UTC
The EUR/USD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again. This is an area that had been rather supportive recently, so it should now in theory be resistive. Am waiting to see whether or not we...AUD/USD Forecast July 26, 2016, Technical Analysis
Tuesday, 26 July 2016 05:36 UTC
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star. I think that if we can break above the 0.75 level, that would be a significant enough move to the upside to push this...USDCAD Triangle Breakout (July 26, 2016)
Tuesday, 26 July 2016 02:48 UTC
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining the upper hand in...
Forex SignalsSell EUR/JPY @ 115.522 By Signal Factory
Wednesday, 27 July 2016 01:00 UTC
Sell EUR/JPY @ 115.522 By Signal Factory | SL:115.922 | TP:114.722 | 2016.07.27 00:54...Sell USD/JPY @ 104.863 By Signal Factory
Wednesday, 27 July 2016 00:45 UTC
Sell USD/JPY @ 104.863 By Signal Factory | SL:105.263 | TP:104.063 | 2016.07.27 00:35...Close(SL) Sell AUD/JPY @ 79.053 By Signal Factory
Wednesday, 27 July 2016 00:15 UTC
Close(SL) Sell AUD/JPY @ 79.053 By Signal Factory | Loss: -39 pips | 2016.07.27 00:13...Close(SL) Sell NZD/JPY @ 74.097 By Signal Factory
Tuesday, 26 July 2016 23:15 UTC
Close(SL) Sell NZD/JPY @ 74.097 By Signal Factory | Loss: -39 pips | 2016.07.26 23:01...Close(SL) Buy EUR/CAD @ 1.44971 By Signal Factory
Tuesday, 26 July 2016 19:00 UTC
Close(SL) Buy EUR/CAD @ 1.44971 By Signal Factory | Loss: -40 pips | 2016.07.26 18:47...
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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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