Forex In Blog

How to trade Gaps in Forex

A Gap happens when the opening price is above or below the previous close. Since the Forex market is open 24 hours a day from Monday to Friday, the only time when we have gaps is during weekends.
When the Forex market opens on Sunday, lots of time is opens clearly above or below the Friday’s [...]

EUR/USD, GBP/JPY and USD/JPY

The EUR/USD is currently on a triangle formation. A break one way or the other might dictate the near term future of the currency pair.

The GBP/USD seems to be building a wedge that could send GBP/USD to the upside. While it’s a little soon to tell, it pays to keep this one on your radar.

THE [...]

Oil, USD and the Dow Jones

Here’s a chart comparing this year’s performance on Oil, USD and Dow Jones:

Conclusions:
1 - The stock market was already crashing when the OIL was rising. Then the OIL crashed and the stock market kept falling.
2 - The strong relationship between USD and OIL continues to make sense. OIL up, USD down, and USD up, OIL [...]

Crazy Volatility on Forex and Stock Market

Today volatility was wild on Forex and on the Stock market.
The EUR/USD moved more than 500 pips to the upside:

The GBP/USD crashed 200 pips and then had a 350 pips rally:

The USD/JPY had a 300 pips rally:

The FXE started with a crash and then had a huge rally:

Last but not least, the Dow Jones started [...]

Nonfarm Payrolls and Unemployment Report

The Nonfarm Payrolls were released today. A 240K fall which raised concerns about the future of the global economy.
To make things a little worse, the unemployment rate surged to 6.5% (it’s the highest value in more than a decade).
Here’s how the USD reacted to the news:
EUR/USD:

Not much happened on the EUR/USD. Just after the news [...]

The USD support zones

On July the USD started a major uptrend where the USD gained more than 22%.
Recently the USD started moving on the sidelines so there’s some probability that the USD needs to retrace a little before it can resume it’s uptrend.

On this chart you check the strong uptrend and the fibonacci retracements. These lines are strong [...]

USD finally revealed strength…

On August 11th I wrote that the EUR/USD bubble could have been reached its end. Since then the EUR/USD crashed more than 2000 pips.
The double top formation surely reversed the trend and EUR/USD easily passed way below its initial target.
What’s more interesting is that the EUR/USD down weeks are much more stronger than the up [...]

USD continues to gain strength

This week, as expected, the USD continued to gain strength against the EURO. Last week, the EUR/USD broke down on a double top formation. The double top can mean the end on the “Bubble” that had driven the EUR/USD to new all time highs.

As you can see on this chart, the EUR/USD recently broke down [...]

The EUR-USD Bubble might have popped..

Last Friday, USD had a major gain against the EUR. This wild movement could mean the end of the bubble that took the EUR/USD up to 1.60 this year.

As we can see in this daily chart, the EUR/USD made a double top on the daily chart. Last Friday, EUR/USD crossed below an important support, so [...]