The US dollar rallied on Thursday again, breaking above the 113 handle. The market continues to be a bit overextended, so it’s difficult to get long of this market now. Essentially, you would be “chasing the trade”,...
EURGBP has been trending lower on its short-term time frames, moving inside a descending channel on the 1-hour chart. Price is currently testing the range support and might be due for a bounce back to the resistance...
USDJPY continued its upward movement from 101.18 and the rise extended to as high as 113.89. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could...
AUDUSD broke above the downward price channel on 4-hour chart and is now facing 0.7441 resistance, a break of this level will indicate that the downward movement from 0.7778 had completed at 0.7310 already, then the following...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. Further decline to test 1.0462 (Mar 13, 2015 low) support would likely be seen in a couple of days. Near term...
This eToro Review conducted by the team of professional experts at “ForexSQ.com” for those who want to know about the eToro. In 1997, as the deregulation of the Forex trading industry, there has been a huge propagation...
The British pound initially fell on Wednesday but found a little bit of support to turn things around and form a hammer. The GBP/USD pair has been grinding its way to the upside ever so slightly over...
The USD/JPY pair rose again during the day on Wednesday as we continue to slice to the upside. This is a market that is overbought though, and as a result I’m waiting to see a pullback in...
The Australian dollar initially tried to rally during the day on Wednesday, but found the 0.7450 level above to be a bit too resistive to continue. Because of this, I believe that the market is going to...
USDCAD appears to be starting a new trend down, creating a downtrend channel on its 1-hour time frame. Price just bounced off the 1.3400 support area and is making its way back up to the resistance at...
