Forex Signals

Hiyo my avid forex fans! In my previous article about the euro, I mentioned that its recent rally after breaking down from what appears to be a head and shoulders formation could be over soon. However, a full blown breakdown and a reversal did not really pan out as the euro bulls [...]

GBPUSD remains in downtrend from 1.5997 and the fall extended to as low as 1.5326. Resistance is at 1.5597, as long as this level holds, downward move is expected to continue and next target would be at 1.5200 area. However, a break above 1.5597 will indicate that a cycle bottom has been formed on daily [...]

Source: ForexYard
The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data today at 12:30 GMT.
Economic News
USD – Dollar Slips against the Euro and the Yen
The U.S currency was on the defensive Thursday, [...]

By David Adams – I have been a derivatives trader for the majority of my working career. I’ve noticed during that time that the word “derivatives” has garnered some very negative connotations. The fact of the matter is that the term derivative has a variety of meanings and can indicate a wide [...]

The Swiss franc (CHF) received an increase in strength today, as Swiss GDP figures came in better than expected over the last quarter. The USD/CHF erased almost all of its bullish tendencies which it had held in earlier trading, and dropped more than 60 pips following this morning’s announcement, reaching a [...]

GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance is at 1.5597, a break above [...]

GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already, then the following uptrend could bring price back 1.5700-1.5800 area. However, as long as the [...]

Title:
EUR/USD – Possible Up Trend

Story:
Trend is sideways in EUR/USD currency pair. EUR/USD is trying to print a possible short term bottom and as long as price stays above 1.2587, we could get a sharp rally towards 1.2793 in EUR/USD currency pair.

Read Full Elliott Wave Forecast – Click Here……

AUDUSD formed a cycle top at 0.9029 level on 4-hour chart. Range trading between 0.8771 and 0.9029 is expected in a couple of days. Key resistance is at 0.9029, a break above this level will indicate that the fall from 0.9221 has completed at 0.8771 already, then further rise towards 0.9221 previous high could be [...]

Good day to you my Forex friends! Here’s an update on the EURUSD or the fiber as what they call it on Wall Street. The last time I covered the pair (please see my previous post here), it had just broken down from a head and shoulders formation. Since then, the [...]