Foreign Exchange (Forex) market services
About Market Cycle
Most of the phenomena we encounter in our daily lives occur in cycles. This is the case with seasons, the rising and setting of the sun, the ebb and flow, day and night, the earth revolving around the sun, etc. We take these for granted and rarely think of them in terms of cycles. Furthermore, we seldom associate cycles with forecasting. Now, we can use market cycle theory to forecast the evolution of forex markets.
Daily Forex ReportsNZDUSD Corrective Wave (Mar 2, 2015)
Monday, 02 March 2015 06:04 UTC
NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart. This lines up with a broken support level and is close to the .7600 major psychological handle. If...USDCAD Daily Analysis - March 2, 2015
Monday, 02 March 2015 03:38 UTC
USDCAD stayed in a trading range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. Support is at 1.2352, as long as this level holds, the sideways movement could be treated as consolidation of the...USDJPY Daily Analysis - March 2, 2015
Monday, 02 March 2015 03:37 UTC
USDJPY's rise from 118.23 extended to as high as 119.95. Further rise to test 120.47 resistance is possible, a break of this level will signal resumption of the long term uptrend from 101.06 (Jul 10, 2014 low), then the following upward movement...AUDUSD Daily Analysis - March 2, 2015
Monday, 02 March 2015 03:36 UTC
AUDUSD is testing that support of the upward trend line on 4-hour chart. A breakdown below the trend line support will indicate that the downtrend from 0.8294 (Jan 15 high) has resumed, then the following downward movement could bring price to...GBPUSD Daily Analysis - March 2, 2015
Monday, 02 March 2015 03:35 UTC
GBPUSD is testing that support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5551 could be treated as consolidation of the uptrend from 1.4950, one more rise to 1.5650 area to complete the...EURUSD Daily Analysis - March 2, 2015
Monday, 02 March 2015 03:31 UTC
EURUSD's downward movement from 1.1450 extended to as low as 1.1160. Further decline to test 1.1097 support could be expected, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following...
Forex SignalsClose(SL) Sell GBP/AUD @ 1.98383 By Signal Factory
Monday, 02 March 2015 04:00 UTC
Close(SL) Sell GBP/AUD @ 1.98383 By Signal Factory | Loss: -40 pips | 2015.03.02 03:58...Close(SL) Buy AUD/JPY @ 93.072 By Signal Factory
Monday, 02 March 2015 03:45 UTC
Close(SL) Buy AUD/JPY @ 93.072 By Signal Factory | Loss: -13 pips | 2015.03.02 03:32...Sell EUR/NZD @ 1.48540 By Signal Factory
Monday, 02 March 2015 03:45 UTC
Sell EUR/NZD @ 1.48540 By Signal Factory | SL:1.48781 | TP:1.48121 | 2015.03.02 03:32...Buy GBP/USD @ 1.53952 By Signal Factory
Monday, 02 March 2015 03:00 UTC
Buy GBP/USD @ 1.53952 By Signal Factory | SL:1.53838 | TP:1.54164 | 2015.03.02 02:56...Close(SL) Buy AUD/USD @ 0.77775 By Signal Factory
Monday, 02 March 2015 02:32 UTC
Close(SL) Buy AUD/USD @ 0.77775 By Signal Factory | Loss: -14 pips | 2015.03.02 02:24...
Technical Analysis ArticlesTips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC
According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC
A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC
For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC
We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...Know more about Forex Risk/Reward Ratio
Thursday, 12 September 2013 11:03 UTC
A forex trader will often encounter the term 'risk/reward ratio'. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?
Forex Market Analysis
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