GBPUSD Daily Analysis – June 7, 2018
GBPUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.3204. As long as the price is in the channel, the upside movement could be expected to continue and next...
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EURUSD Daily Analysis – June 7, 2018
EURUSD extended its upside movement from 1.1510 to as high as 1.1799. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
7 Simple Solutions to Your Forex Trading Problems
Among the things that you will learn when trading is that you can never avoid problems in the forex market. The only thing you can do is arm yourself with solutions. The forex market is a great...
FTSE Elliott Wave View: Buying Opportunity Soon
FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is...
USDCAD Daily Analysis – June 6, 2018
USDCAD dropped sharply from 1.3066 after breaking above 1.3046 resistance. However, as long as the price is in the rising price channel on the 4-hour chart, the fall could be treated as consolidation for the uptrend from...
USDJPY Daily Analysis – June 6, 2018
USDJPY’s upside movement from 108.11 extended to as high as 110.00. Further rise is still possible after a minor consolidation and next target would be at 110.40 area. Support is at 109.37, only a breakdown below this...
AUDUSD Daily Analysis – June 6, 2018
AUDUSD remains in the uptrend from 0.7476, the fall from 0.7666 is likely consolidation for the uptrend. Support is at 0.7580, as long as this level holds, the upside movement could be expected to continue and next...
GBPUSD Daily Analysis – June 6, 2018
GBPUSD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.3204. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
EURUSD Daily Analysis – June 6, 2018
EURUSD is facing 1.1750 resistance. A breakout of this level would indicate that the upside movement from 1.1510 has resumed, then next target would be at 1.2000 area. Support is at 1.1617, a breakdown below this level...
Best Forex & CFD Trading Strategies That Work in 2018
CFD and forex trading strategies are similar in many ways. Indeed, many of the strategies that are applied in the forex market are also applied in the futures market. Trading, however, does not only involve applying strategies....