EURUSD Analysis – Apr 19, 2008
EURUSD’s up trend remains and the pullback from 1.5983 is treated as correction to the up trend. Further rise to 1.6100 area to reach the next cycle top on daily chart is still possible after correction. Near...
Author: ForexCycle.com
Profit Strategy vs. Protective Stop
Developing a profit strategy and setting a protective stop is inevitable in every investment. Just as protection of capital or the money you invest is important, so also is necessary the protection of your profits for the...
The Trading Secrets of Fibonacci and the Golden Ratio
We all are familiar with the fact that successful traders use Fibonacci and the Golden ratio. Before, we all get ready to try our luck, it is imperative that we know and understand what they are. While...
Knowing the Ins and Outs of Chandelier Exit
Have you ever heard of a stop placement strategy that trails stop based on previous ‘high’ points? It is called Chandelier exit as it hangs down from the high point or the ceiling of our trade, just...
U.S. Unemployment Claims On Tap
The USD extended losses yesterday after the economic reports from the U.S. showed lower than expected inflation and a sharp fall in Housing Starts, suggesting more possible Federal Reserve Interest Rate cuts ahead. The greenback depreciated 1%...
The Essence of Forex Money Management
Any trading strategy is incomplete without Forex Money Management. It is not only about knowing the ins and outs of which currencies to trade and identify the entry and exit signals, it is also about manage the...
Follow ADX Trends to Avail Best Deals
Developed by J. Welles Wilder Jr., Average Directional Index (ADX) is one of the most trusted ways to evaluate the strength of the current market trend, be it upwards or downwards. Measured in an oscillator that fluctuates...
US Core CPI – On Tap
Yesterday, the Greenback spent most of the trading day with bullish momentum against the majority of its currency pairs and crosses on the back of surprisingly strong U.S inflation and manufacturing data releases. The greenback added 0.35%...
USDCAD Analysis – Apr 16, 2008
USDCAD pulled back from the price channel resistance and is forming a cycle top at 1.0326 on daily chart. Further fall to test 0.9709 previous low support is possible after correction, and a break of 1.0018 level...
USDCHF Analysis – Apr 16, 2008
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. Further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor before breaking below 0.9870 level. Key...