Forex Signals

On the daily chart the EURCHF is looking pretty ugly, however, on the weekly chart it is looking very interesting! We have a few weekly formations at present that show the EURCHF hitting resistance at 1.2340-50 and coming off.
The current inside week formed last week shows that there’s likely to be a push soon, just [...]

In Oanda’s MT4 platform not all currency pairs in the FXTrade account are offered, however, they are all there in the FXTrade Practice!?
Speaking with one of the Oanda reps today confirmed that the problem wasn’t just me, but every other Oanda client as well.
So what is currently offered in the FXTrade MT4 platform?
Pretty much all [...]

My forex broker of choice is Oanda and within the past year Oanda have provided clients a new service utilising the MetaTrader4 software. And with this new software solution that Oanda provides that clients (and potential clients) can now obtain historical data and test their ideas without coughing up $1,000 and waiting a week or [...]

If you are downloading Oanda’s data from within MetaTrader 4 be aware that the bar limit from MetaTrader’s server is the following:

65536 bars for M1-charts
32768 bars for M5-charts
16384 bars for M15,M30,H1,H4,D1-charts
1024 bars for W1-charts
256 bars for MN1-charts

If you’re looking for any more data than that you’ll need to keep your MetaTrader platform open.

I’ve briefly created a video on EODData.com’s end of day forex data and the quirks to be mindful of when using their service.
In the video I explain how to get the ASCII data downloaded from their site into your software of choice, mine in this video being AmiBroker and I choose to have the data [...]

The EURUSD has fallen away from it’s potential bullish flag break at 1.4500 and is currently sitting at a junction where it could likely reverse or break.
A potential reverse could see the EURUSD reach previous support (now new resistance) at 1.4000, or break from the bullish flag and reach the base of the flag, being [...]

Geneva’s Trader of the Month for July 2011 was Marek Maciejewski who doesn’t reveal too much in the interview about his trading strategy (not that he needs to).
However, from reading between the lines it seems he trades the currency market using fundamental analysis and analyses how the market reacts to news based upon the figures [...]

On a two-hourly chart the EURCAD is forming a nice ascending triangle for a LONG trade. Resistance can clearly be seen at 1.4240-1.4250 so a successful 2 hour close above 1.4260 could see fulfilment of this pattern.
The target would be the length of the “base” (being the resistance line) to the lowest trough. We’ve already [...]

I remember back in my crazy high-risk forex trading days straddling a Non-Farm Payrolls announcement position and having the position wildly move in one direction taking one of my positions 80+ pips that way. Unfortunately though a friend had decided to sit in on the move and he was amazed at the money made in [...]

With most currencies weakening against the USD a couple of weeks ago due to Standard & Poor’s downgrading of the U.S. economy from AAA to AA+ most currencies are resuming their strengthening pattern and are restoring prices back to the pre-AA+ days.
Previously I had mentioned that the EURUSD was forming a bullish flag pattern, [...]