GBP/USD Forecast October 9, 2013, Technical Analysis
The GBP/USD pair fell during the balance of the session on Tuesday, but as you can see found the 1.60 level to be supportive enough to send the market higher and form a nice looking hammer.
Month: October 2013
EUR/USD Forecast October 9, 2013, Technical Analysis
The EUR/USD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a hammer and show significant signs of support. Because of this, we think that the market will see...
AUD/USD Forecast October 9, 2013, Technical Analysis
The AUD/USD went back and forth during the session on Tuesday but failed to get over the 0.95 handle as one would expect. That resistance of course cause a lot of blockades, and we fully expect the...
AUD/USD Triangle Formation (October 8, 2013)
AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level.
USD/JPY Forecast October 8, 2013, Technical Analysis
The USD/JPY pair fell again during the session on Monday, breaking the back of the Friday hammer in order to close below the 97 level. This does suggest that we are going to go lower, but we...
USD/CAD Forecast October 8, 2013, Technical Analysis
The USD/CAD pair tried to rally during the session on Monday, but gave back most of the gains. We seem mired in some type of stagnant situation around the 1.03 handle, and as a result we are...
GBP/USD Forecast October 8, 2013, Technical Analysis
The GBP/USD pair rose during the session on Monday, bouncing off the 1.60 handle, and showing that the area is in fact supportive. We had suggested previously that this area might be a great place to buy...
EUR/USD Forecast October 8, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Monday, essentially going nowhere by the time the day was finished. The resulting candle is a neutral, but you could make a little bit of an...
AUD/USD Forecast October 8, 2013, Technical Analysis
The AUD/USD pair struggled during the session on Monday, dipping below the 0.94 handle at one point in time, but as you can see bounced enough to form a hammer. This hammer suggests that the market will...
What’s the best way to trade Martingale Forex Trading Strategies?
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...