Sponsors

Forex Brokers

Foreign Exchange (Forex) market services

  • Long Term Forex Market Analysis - Our Free Forex Market Analysis is designed for long term traders who trade in timeframes between several days and several weeks. We use market cycle analysis tools to time the market, and provide individual traders good timings for their trading.
  • Short Term Forex Market Analysis - Short Term Forex Market Analysis is similar to Long Term Forex Market Analysis, in this section, we provide short-term traders with daily updated reports and recognize small cycles on 4-hour chart. It's FREE now!
 

GBPUSD Analysis - Jun 7, 2008

GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break down below this level will signal resumption of long term down trend.

For long term analysis, the pair formed a long term cycle bottom at 1.9337 (Jan 22 low), the rise from 1.9363 could possibly be resumption of the long term up trend, and rebound to 2.0500 area to reach the next cycle top on weekly chart is now in favor.

gbpusd daily chart

Daily Forex Reports

CPI & PMI Data Tank Aussie – Paxforex
Wednesday, 23 April 2014 17:42 UTC

The Australian Dollar, nicknamed the Aussie, dropped over 100 pips against major currency pairs during the Asian trading session which took plenty forex traders by surprise. The reason behind the drop came from two economic reports which were...

USD/CAD Trend Line Retest (April 23, 2014)
Wednesday, 23 April 2014 09:20 UTC

USD/CAD recently broke below a rising trend line on its 4-hour time frame, thanks to weak US non-farm payrolls data and a downbeat FOMC meeting minutes release. However, the pair is showing signs of exhaustion from the selloff and may be ready to...

USDCAD Daily Analysis - April 23, 2014
Wednesday, 23 April 2014 03:40 UTC

USDCAD's upward movement from 1.0857 extended to as high as 1.1042. Support is now at 1.0980, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1100 area. Only breakdown 1.0980 support could...

USDCHF Daily Analysis - April 23, 2014
Wednesday, 23 April 2014 03:39 UTC

USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8743. As long as the trend line support holds, the uptrend could be expected to continue, and the target would be at 0.8900 area. Only a clear break below the...

USDJPY Daily Analysis - April 23, 2014
Wednesday, 23 April 2014 03:38 UTC

USDJPY remains in uptrend from 101.32, and the rise extended to as high as 102.72. Further rise is still possible after a minor consolidation, and next target would be at 103.00 area. Support is at the bottom of the price channel on 4-hour chart,...

AUDUSD Daily Analysis - April 23, 2014
Wednesday, 23 April 2014 03:38 UTC

AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295. Further decline would likely be seen, and the target would be at 0.9250 area. Key resistance is now at 0.9380, only break above this level could signal...

Forex Signals

Close Sell NZD/USD @ 0.85792 By Signal Factory
Wednesday, 23 April 2014 16:02 UTC

Close Sell NZD/USD @ 0.85792 By Signal Factory | Profit: +8 pips | 2014.04.23 15:45...

Buy GBP/NZD @ 1.95542 By Signal Factory
Wednesday, 23 April 2014 16:01 UTC

Buy GBP/NZD @ 1.95542 By Signal Factory | SL:1.94742 | TP:1.96942 | 2014.04.23 15:46...

Buy NZD/USD @ 0.85790 By Signal Factory
Wednesday, 23 April 2014 16:00 UTC

Buy NZD/USD @ 0.85790 By Signal Factory | SL:0.85465 | TP:0.86665 | 2014.04.23 15:45...

Close Buy NZD/USD @ 0.85877 By Signal Factory
Wednesday, 23 April 2014 15:31 UTC

Close Buy NZD/USD @ 0.85877 By Signal Factory | Profit: +13 pips | 2014.04.23 15:19...

Close Sell EUR/NZD @ 1.60953 By Signal Factory
Wednesday, 23 April 2014 15:31 UTC

Close Sell EUR/NZD @ 1.60953 By Signal Factory | Profit: +40 pips | 2014.04.23 15:19...

Technical Analysis Articles

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...

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?

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.