Forex Signals

Quote of the day:“Intuition isn’t the enemy, but the ally, of reason.” ~ John Kord Lagemann Good morning. I took a day off yesterday but now I’m back in business. World markets fall after weak US employment numbers and the dollar is strengthening against some of its counterparts, except for CHF which is recovering recent losses [...]

Quote of the day:“The trouble with our times is that the future is not what it used to be” ~ Paul Valery Good morning. Most currency pairs, such as EURUSD, are still ranging, while most eyes are on precious metals which are retreating from recent top zones. Cable is moving nicely after providing us several clues that [...]

Source: ForexYard

The price of spot gold climbed to a new all-time high following Moody’s intention to review the US AAA rating. $1,600 is the next psychological resistance level and could be breached today as Fed Chairman Ben Bernanke will testify before the Senate. The rally in gold prices is quite remarkable with the commodity rising [...]

Quote of the day: “If you don’t make mistakes, you’re not working on hard enough problems. And that’s a big mistake.” - Frank Wilczek
EURUSD – 1.4140 @08:02 GMT
Good morning. Euro remains under pressure even though it managed to recover some ground yesterday after slipping below $1.41, resistance zone around 1.4220 being strong so far. It’s been [...]

Quote of the day: “Nobody got anywhere in the world by simply being content.” - Louis L’Amour
EURUSD – 1.4177 @07:59 GMT
Good morning. The euro is currently recovering some ground, testing resistance at 1.4200 formed by 61.8% retrace value of 1.4354-1.3970 of on reports that China may increase purchases of European bonds. The daily chart is still [...]

Quote of the day: “I say luck is when an opportunity comes along, and you’re prepared for it.” - Denzel Washington
EURUSD – 1.4377 @06:28 GMT
Good morning. The euro starts the week under pressure, testing support into the 1.4350-1.4380 zone, extending Friday’s decline from 1.4500. My initial plan to buy on the break above 1.4500 was not [...]

By Russell Glaser
Spot gold prices rose to a new all-time high yesterday. On rising momentum, prices should continue to rally with an initial target at $1,500.
Looking at the daily chart, spot gold prices fell back to the early March high at $1,444 before moving higher to a new all-time high at $1,479. Prices [...]

Late last Thursday I had decided to take the week off. Mainly because of a few transitions in market trends on the daily chart and also because my bestie’s kids were on spring break and I wanted to have some fun with them while they were out of school. The recent volatility has NOT made [...]

EURUSD is testing 1.3743 key resistance, a break above this level will indicate that the fall from 1.3861 has completed at 1.3428 already, then further rise towards 1.3861 previous high could be seen. However, as long as 1.3743 resistance holds, the bounce from 1.3428 could possibly be correction of downtrend from 1.3861, and another fall [...]

Quote of the day: “Every nation ridicules other nations, and all are right.” – Arthur Schopenhauer
EURUSD – 1.3588 @07:35 GMT
Good morning. Resistance at 1.3600/20 where 61% of 1.3750-1.3430 resides is still under pressure at time of writing, so the pair is not changed much since my yesterday evening article. While this resistance zone holds, selling [...]