Forex Signals

Price action on EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge extends and even accelerates the steep [...]

By Yan Petters
The USD/JPY pair has been range-trading for the past ten weeks, shifting between the 81.00 and the 84.50 levels. The pair recently reached a significant support level yet failed to cross it. As a result, the USD/JPY began climbing upwards, and still looks to reach higher. As several technical indicators show, the [...]

NEW YORK (CNNMoney) — The Chinese government on Friday issued a target growth rate of 7% for the next five years — still impressively fast, though a comedown from recent years when growth has topped 11%.
China, the world’s fastest-growing economy, is trying to avoid overheating: Inflation there jumped 4.9% in January, driven by a [...]

Price action on EUR/USD (a daily chart of which is shown) as of Friday (1/21/2011) has made a significant upside push that has tentatively broken out above key resistance in the 1.3500 price region, establishing nearly a two-month high for the pair and capping off two weeks of bullish trending price action. For more technical [...]

Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/05/2010) has continued its dramatic recent bullishness by breaking out above prior key resistance in the 1.3800 price region, establishing an 8-month high in the process. This occurs within an exceptionally steep, continuing uptrend channel extending from [...]

Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/08/2010) has resumed its bullish stance, after a bearish pullback, to approach the last major resistance high around 0.9220 reached in early August. This occurs within the context of a general uptrend extending from the June low. For more technical analysis [...]

Price action on GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has dropped to approach support in the 1.5350 price region. This occurs within the context of a relatively choppy descent from the 6-month high just under 1.6000 reached in early August. This descent has formed a clear downtrend resistance line. [...]