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EUR/USD trend: hold.
GBP/USD trend: buy.
USD/JPY trend: sell.
EUR/JPY trend: sell.
GBP/JPY trend: buy.

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The EUR/USD currency pair is ending this week posting a decline as economic data published in Europe was again less optimistic than in the U.S., after retail sales and business inventories improved in the North American country in reports published today, as well as employment conditions, which could be verified in a jobless claims report …

The U.S. dollar pared losses versus the euro today despite the negative numbers brought by a trade balance report published today, since the Greek crisis is still the factor defining market sentiment. The dollar fell yesterday on speculations that an EU summit to be held tomorrow would include a proposal to rescue Greece, …

Today I’ve updated the Pattern Recognition Master indicator with a new version that works properly in MetaTrader 5. The indicator was rather poorly written in MT4 so I’ve got a lot of room for improvements in the new MT5 version. This indicator will come to use for any Forex trader that …

The currency market is affected by many news, which at a first glance not always seem to be related to Forex. Meanwhile there are many types of financial, political and macroeconomic news that influence the Forex trends directly. Forex news is the important part of the fundamental analysis, which is often taken …

The last time I’ve written about the gold bubble was almost a year ago when the commodity has been trading near its all-time high at $941/ounce. Since then, the gold managed to reach a new historical maximum at $1,226/ounce and retrace to near $1,050/ounce. So, what’s the current situation with it? …

EUR/GBP formed a symmetrical triangles pattern on the daily chart near the end of this week. Although the pattern isn’t aligned horizontally to count as reliable, the price is currently located near the apex of the triangles and may break out of it soon. Since this is a continuation pattern, expect a bearish trend continuation as the most …

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
GBP/JPY trend: sell.

…

The greenback is about to finish this trading week with considerable gains versus the euro as unemployment declined in the U.S., being that another evidence of a better economic health in North America than in Europe, which is still suffering, and is likely to continue suffering, from deteriorating public accounts in several nations …

The U.S. currency climbed again versus the euro even if reports published today in North America weren’t surprisingly optimistic, as the Eurozone economic struggle is the main factor moving the EUR/USD currency pair. The ECB made comments today mentioning the rising budget deficits in some nation’s using the single currency, forcing …