Foreign Exchange

Last week, the GBPUSD had slight movements that failed to overcome the barrier of 1.5600 level. Possibly GBPUSD is forming a lower high pattern to continue the climb but it is very difficult in the medium term due to the level of 1.5600, there is a very strong resistance supported by the 200 day moving […]

The trend is really your friend, only before there is that bend in the end. Trend-following systems must have positive expectancy incorporated into them; for trend-following tend to have low accuracy. Moreover, one needs to pay attention to demand and supply levels, because of major reversal points. People are ‘clearly’ interested in knowing how to […]

LEARN FROM GENERALS OF THE MARKETS – PART 27 “Work actively and constantly on turning a correct idea into a useful action which will then become an unconscious habit – if you do, you can manage to be a successful trader, too.” – Norman Waltz John Paulson was born in December 14, 1955, to Alfred […]

The EURUSD had a bearish session yesterday, approaching to the support at the psychological level of 1.30, a very important zone. The EURUSD fell 200 pips since the economic data released yesterday, which favored the U.S. Dollar. For today’s session will be published the now famous Non-Farm Employment Change (Previous: 88K / Forecast: 146K). If […]

In yesterday’s session, there were no significant changes in the EURUSD, indicating that this pair is preparing to receive the impact of economic data that will be published in the coming hours. The EURUSD is near a strong resistance at the 1.3194 level and is a very crucial this levale because if the EURUSD break […]

The AUDUSD is approaching a critical level. If the pair manages to overcome this barrier, would have a very clear bullish way in the medium term. There is a very strong resistance level 1.0391, which coincides clearly with the 200 day moving average. If the AUDUSD breaks this resistance, it is very possible that the […]

The USDJPY had a start to the week without significant movement for that reason, has not yet defined the trend for this week. The USDJPY is close to important technical levels. On the one hand, there is a strong resistance at the 98.07 level, if the USDJPY breaks this resistance, it is likely that this […]

Pro-cyclical currency instruments would normally go northward in bull markets, as prices are breaking more and more supply levels. On the other hand, anti-cyclical currency instruments tend to exhibit a measure of strength only in bear markets, as prices are breaking more and more demand levels. Sometimes a confirmed bias may last longer than one […]

Position trading means long term trading. You open your trades and run them for weeks or months. The more experienced you’re, the more you’ll likely let your profits run. Why would you go for 50 pips when the markets still have the room to move in your favor by 500 pips? That’s position trading. The […]

The trading technique described in this article is one of the trader’s entry techniques available for traders. This one comes with the Simple Moving Average period 12 (SMA 12), and the Commodity Channel Index period 20 (CCI 20). Here, the way the CCI is used is unique because it isn’t according to the uses suggested […]