Forex In Blog

Euro Dollar rally is back

The EUR/USD rally is back. In just 2 weeks, the EUR/USD raised nearly 2000 pips.
This rally started on the triangle breakout that I told you about, and in case you joined the trend, you’re already sitting on 1000 pips profits.
The buy point was at 1.3081.
The EUR/USD has been crashing all the resistance points, but is [...]

Euro Dollar broke above 6 weeks triangle

EUR/USD was able to broke above the 6 weeks consolidation triangle.
The EUR/USD took 3 days to finally complete the breakout, but once it reached 1.3081 it quickly jumped nearly 300 pips.

The EUR/USD is now in uptrend so it’s time to check the most important resistances

Euro Dollar trades near strong resistance

Recently I wrote about EUR/USD being on a consolidation for 6 weeks. Currently the EUR/USD is trading near the top of the triangle formation which is a major resistance point.

For the 3rd day in a row, the EUR/USD is trying to break above this resistance area, but so far it wasn’t successful.
The horizontal line represents [...]

Brazilian Real is bearish against the Euro and Dollar

The Brazilian Real continue to lose ground against the USD and the EUR. After a great rally against the USD, the Real rally is over.
Here’s an USD/BRL Chart:

The USD was able to break above a strong downtrend. This was a powerful breakout that turned the USD on a strong uptrend against the Real.
The EUR/BRL chart [...]

EUR/USD Consolidating

EUR/USD is currently consolidating on a triangle formation.
Here’s the daily chart:

A breakout above 1.3082 is s strong bullish signal. On the other way, a break below 1.2510 is a strong bearish signal.

The weekly chart shows the same consolidation triangle. This is a 6 weeks consolidation so far. The longer the time this consolidation takes, the [...]

GBP/USD crashed hard

The forex trading signals already made good money today.
The short sell on EUR/USD at 1.2645 was triggered and reached a low of 1.2581 for a 64 pips profit.
The Short sell on USD/CHF at 1.2086 was triggered and the currency pair reached 1.2019 for a 67 pips profit potential.
But the star of the day was the [...]

Short term trading signals

Let’s take a look to some opportunities for the next week. These trading signals are based solely on support and resistance areas.
EUR/USD:

Above 1.2820 EUR/USD is a buy. Below 1.2645 is a sell.
GBP/USD:

Above 1.5513 GBP/USD is a buy (for the short term). Below 1.5250 GBP/USD is a sell.
USD/CHF:

USD/CHF is a buy above 1.2200. Below 1.2086 is [...]