Entering the world of forex trading is both easy and hard. It is easy in the way that anyone can become a forex trader. There are no college degrees needed, no extra special training required, and no...
USDCAD’s upward movement from 1.0137 extends to as high as 1.0556. Further rise is still possible next week, and next target would be at 1.0700 area. Support is at 1.0400, only break below this level could signal...
No changed in our view, USDCHF remains in downtrend, the rise from 0.9130 is treated as correction of the downtrend. Resistance is at 95.70, as long as this level holds, the downtrend could be expected to resume,...
USDJPY’s rise from 93.79 extends to as high as 99.44. Further rise is still possible next week, and next target would be at 101.00 – 102.00 area. Now the price action from 103.73 is likely consolidation of...
AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.0582, and the fall extends to as low as 0.9113. Further decline is still possible after a minor consolidation, and next target...
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has resumed, then the following downward movement...
EURUSD is facing the support of the lower line of the price channel on daily chart. As long as the channel support holds, the price action from 1.3242 could be treated as consolidation of the uptrend from...
Forex trading has come of age, as its popularity has soared over the past decade, but that does mean that we can turn a blind eye to the possibility of fraud, especially if it disguised within a...
When one wants to enter the trading world, there are two things which are of utmost importance – the trading platform and knowing the ways to trade. Basically it is easy to find a good trading platform...
USDCAD breaks above 1.0420 previous high resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected and next target would be at 1.0600 area.