Forex Technical Analysis

“It took me several years to become consistently profitable. I had the great misfortune of making a lot of money quickly and thinking that I knew what I was doing. I did not. I lost all the ......

EUR/USDThe Eurozone sovereign debt crisis is set to continue to dominate the price action this week after the Troika announced that it now expectd that Greek debt will peak at 186% of GDP in 2013 and ......

EUR/USD The pair settled the week little changed but was subject to a raft of rumours throughout the week which meant that there was a lot of directionless trade. Of note this week saw Moody's ......

The Dollar Index is trading in tight range between 77.50 and 76.50 as a result the benchmark equity index of the Dow Industrials traded flat. Though 76.00 ranges are expected to again act important ......

EUR/CAD continues to decline inside the Descending Triangle chart pattern identified by Autochartist on the daily charts. The Quality of this chart pattern is measured at the 6 bar level as a result ......

In Australia, this morning, the Export Price Index increased 4.0% in third quarter of 2011, compared to 6.0% rise in the previous quarter. Additionally, Import Price Index remained unchanged in the ......

German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed to ask Euro officials leaders to assess a “comprehensive and ambitious” package of measures to solve the Greece ......

For the 24 hours to 23:00 GMT, USD declined 1.01% against the CHF and closed at 0.8939.In Switzerland, the trade surplus rose to CHF1.85 billion in September, compared to a surplus of CHF 808 million ......

The Bank of Japan Governor, Masaaki Shirakawa, stated that despite the market turmoil and debt crisis, Japanese banking system has remained stable and healthy. However, he added that the central bank ......

In the UK, the retail sales rose 0.6% in September, compared to a 0.4% decline in the previous month. Additionally, this morning, the Nationwide Consumer Confidence Index declined in September to 45.0......

In the Eurozone economic news, the consumer confidence declined to -19.9 in October from a revised reading of -19.1 in September.Additionally, in Germany, the Producer Price Index (PPI) increased 5.5%......

USD/JPY Open 76.86 High 77.09 Low 76.67 Close 76.79 On Thursday Dollar/Yen increased with 40 pips, not matching the negative Interbank sentiment at bellow -10%. The currency couple appreciated from ......

The EUR/USD volatility extended on Thursday and the fluctuations were heavy and evident with conflicting news and signals from the euro area, confirming that the leaders are still at odds and further ......

GBP/USD Open 1.5991 High 1.5826 Low 1.5680 Close 1.5789 On Thursday Pound/Dollar traded within 120 pip range, in line with the neutral Interbank sentiment at nearly +6%. The Cable depreciated from ......

EUR/USD Open 1.3780 High 1.3844 Low 1.3654 Close 1.3776 On Thursday Euro/Dollar decreased with 190 pips, forming range pattern. The European currency depreciated from 1.3844 to 1.3654 yesterday, not ......

GBPUSD traded in a range between 1.5631 and 1.5851 for several days. As long as 1.5631 support holds, the price action in the range could be treated as consolidation of uptrend from 1.5272, another ......

NZD/USDThe NZ dollar has been resting in the recent trading days, after the rally that started on the end of the previous month. It is now moving between the 200 SMA at 1.037 and the 50 EMA at 1.02 ......