GBP/USD Trend Play (June 28, 2013)
GBP/USD is still on a steady downtrend on its 1-hour time frame, as the pair is moving below a falling trend line connecting its recent highs for the month.
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If You Are into Currency Trading, You Have to be Ever-mindful of Forex Fraud
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...
EUR/USD Short-term Trend Play (June 27, 2013)
There’s a potential short-term retracement on EUR/USD’s 1-hour time frame which could come into play today. There’s a falling trend line connecting the pair’s recent highs while the 50% Fib is in line with a former...
USD/JPY Forecast June 27, 2013, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, but as you can see by the end of the session bounced enough to form a hammer. This is the second hammer in a row, and that almost...
USD/CAD Forecast June 27, 2013, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, testing the bottom of the hammer that had been formed on Tuesday. However, most important candle on this chart that we see at the moment is the shooting...
GBP/USD Forecast June 27, 2013, Technical Analysis
GBP/USD fell fairly hard during the session on Wednesday, cracking down to the 1.53 handle during the session. We have targeted the 1.5250 level, and as a result we are still short of this market. We expect...
EUR/USD Forecast June 27, 2013, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, slamming into the 1.30 level again. This level is obviously supportive, and as a result of course we managed to bounce a little bit from that handle.
AUD/USD Forecast June 27, 2013, Technical Analysis
The AUD/USD pair rallied during the session on Wednesday, but as you can see the 0.93 handle was far too resistive in order for the market to continue higher. The resulting daily candle is a shooting star...
GBP/JPY Falling Channel (June 26, 2013)
GBP/JPY is on a short-term downtrend based on its 1-hour time frame. The pair has made lower lows and lower highs, forming a falling channel.
USD/JPY Forecast June 26, 2013, Technical Analysis
The USD/JPY pair fell during most of the session on Tuesday, but as you can see got a bit later in the day in order to form a hammer. This hammer suggests to us that the market...