Forex In Blog

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 [...]

Forex Trending Markets and Range Bound Markets

There are 2 types of market conditions: the trending markets and the range bound markets.
The trending markets are markets which are moving to the upside or the downside:
Uptrend:

On an uptrend, the market is clearly moving up. On an uptrend market is easy to spot that the currency is reaching higher lows and higher highs.
On a [...]

Economic Indicators to keep an eye this week

The most important economic indicator for the week are:

US Trade Balance, released Thursday at 13:30 GMT.

US Advance Retail Sales (November) released Friday at 13:30 GMT.

University of Michigan Confidence released Friday at 15 GMT.

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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 [...]

Non-farm Payrolls fall the most since 1974

Non-farm payrolls fall the most since 1974 and the unemployment rate is a a new 15 years high.
These announcements simply confirm something everyone knows: we’re on a recession and the future of the worldwide economies remains in risk.

The EUR/USD started by raising, then following and remains on the sidelines.

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Bank of Englad Cuts Rates

The Bank of England cut their benchmark rate by 100 bps as expected.
The result was volatility on GBP/USD:

In this 15 minutes chart, we can see the GBP/USD lost 200 pips, but then reversed and is currently on a strong uptrend. The currency pair recovered all the intraday  losses, and is currently near the high of [...]

A Typical Payrolls week

Usually on the week when the Non Farm Payrolls are released there’s not much opportunities until the report comes out.
The Nonfarm Payrolls come out on the first Friday of every month, and since this is the most important economic indicator for the Forex market, usually currencies stay in a range market until Friday:

As you can [...]

What’s The Best Time Frame To Trade Forex?

A common question for beginners is which time frame should they use. Should they trade in 5 or 10 minutes charts, or in 1 hour charts?
The rule is that the longer the time frame, the most reliable is the technical analysis. For example, if you’re trading on 1 hour charts using the same strategy as [...]

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 [...]

Eur/USD downtrend is strong

Analysing the EUR/USD  8 years weekly chart we notice the EUR/USD might be headed for the parity.
Here’s the chart:

In this chart, we can see the EUR/USD lost 2 major uptrend lines recently. These areas are now strong resistance areas.
The next long term support on the EUR/USD is around 1.0500.

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