USDJPY stayed in a trading range between 93.79 and 103.73 for several months. As long as 93.79 key support holds, the price action from 103.73 could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
After touching 0.9344 resistance, AUDUSD pulled back from 0.9353, suggesting that lengthier consolidation of the downtrend from 1.0582 is underway. Range trading between 0.8847 and 0.9344 could be expected to continue in a couple of weeks.
GBPUSD continues its upward movement from 1.4813 and the rise extends to as high as 1.5884. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...
EURUSD broke above 1.3250 resistance, suggesting that the uptrend from 1.2756 has resumed. Further rise would likely be seen and next target would be at 1.3500 area. Support is now at 1.3105, only break below this level...
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?
To be a better forex trader, or just to be a better person in general, you have to learn a lot of things. Learning a lot of things means you have to try out stuff you haven’t...
USDCAD breaks below 1.0450 support, suggesting that the upward movement from 1.0245 had completed at 1.0568 already. Further decline could be expected, and next target would be at 1.0200 area.
USDCHF broke above 0.9400 resistance and reached as high as 0.9455. However, the rise is likely correction of the downtrend from 0.9751, one more fall towards 0.8500 is still possible after correction.
USDJPY is forming a sideways movement in a range between 93.79 and 103.73. The sideways movement is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low).
AUDUSD failed to break below 0.8847 support and stayed in a trading range between 0.8847 and 0.9344. As long as 0.9344 key resistance holds, the price action in the range could be treated as consolidation of the...
