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EUR/USD has traded in a 20 pip range either side of its NY closing level. Press reports out of Germany suggest that a potential Merkel-Hollande alliance will not be as cosy as Merkozy but the market in Asia has had no interest. Range: 1.3227/48 USD/JPY has drifted slowly lower toward...

Traders who try to pick the tops and bottoms of the market throughout the day end up with mostly misery. Also inexperienced fellows in forex departments even in first division clubs try to pick the tops and bottoms, believing that this is where the real big money is. No wonder why such traders...

Crow Breakout System - Trend lines and price formations are used in many ways by investors. The trading strategy that I will teach you now is based on this concept. It is very important for traders to know when and how the prices will move. In order to identify the trends, breaking points and...

Pin Bar is a popular Forex strategy which is based on the particular candlestick pattern. You can use this strategy on any major pairs and timeframe. Using longer-term timeframes would be more logical though. I advise 1H, 4H or daily charts. The “Pinbar” pattern was first introduced by Martin...

Thanku so much..! Enivid..

Currency speculators trimmed their bets in favor of the U.S. dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $17.8 billion in the week ended April 3 from $19.58 billion the...

STEP 1 Open up a daily chart STEP 2 Add the following indicators on the chart. - Bollinger band (20,2) - Stochastic Oscillator (5,3,3) STEP 3 Look at price touching upper or lower band for the first time. If price touches upper band, wait for following candlestick to...

The Australian dollar fell to an 11-week low versus the U.S. dollar on Wednesday as falling equity markets hit the high-yielding currency and with expectations growing for a rate cut in Australia next month after a surprise trade deficit.

The euro bought $1.3317 and 110.04 yen in Tokyo morning trade, compared with $1.3316 and 110.36 yen in New York. The dollar edged down to 82.62 yen from 82.86 yen in New York. Eurozone governments have debated whether to combine the lending capacity of the temporary European Financial...

* Euro seen facing tough resistance around $1.3300 * Bond sales, German data key events this week * Aussie better bid after big fall last week By Ian Chua SYDNEY, March 26 (Reuters) - The euro held near a three-week high against the greenback on Monday, while commodity currencies such as the...

The choppy consolidation in EUR/GBP continued this week, having recovered most of the previous weeks losses as it trades at 0.8360 ahead of the NY close this Friday, up from 0.8314 at the weekly opening. "The bearish outlook for EUR/GBP since the last update did not follow through, but is not...

The yuan closed slightly higher versus the dollar on Friday after the midpoint rebounded from its biggest 11-session fall on record, in line with a drop in the dollar index on Thursday in global markets. The People's Bank of China (PBOC) has signalled that yuan trade will correlate to the...

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Hello Guys, My name is fxlaura and I am from Ny, I have 1 month experience in FX, I am here to improve my Forex knowledge. Thanks