The yen index is now poised at key resistance level
Unlike the USD index, the Yen index is delicately poised below a key area of price resistance in the 7780 region, which has now been […]
forex trading strategies for beginners
USD index reverses on weekly doji candle
As we come to the end of another trading week, I just want to return to the USD index, following my post earlier this week […]
Bullish momentum returns for the USD/JPY
The dollar yen staged yet another of its notorious and acute corrections against the background of the usual media reaction, suggesting that the pair was […]
Dollar index reflects indecision in market’s view of USD
Following two weeks of solid gains for the US dollar, last week’s price action was an anomaly, given the sharp sell off in risk assets […]
EURGBP looking set to move higher
When trading the euro the vast majority of forex trades simply focus on one pair, namely the eurodollar. This is a great shame as they […]
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And NOW in paperback too – order your copy TODAY! Here’s what people have been saying on Amazon, after buying the Kindle version: A Fantastic […]
Yen Index Heavily Bearish
Most of us are familiar with the Dollar Index, but I thought it would be interesting to post the hourly chart for another index that […]
Eurodollar continues to frustrate the bears
The eurodollar continues to frustrate euro bears with its unerring ability to rise phoenix like from the ashes of yet another sell off. Indeed the […]
Forecast for the US dollar on the daily USD index chart
Whatever the market we trade, and whether we are speculators, investors, swing or trend traders, there is one chart which always holds the key, and […]
USD/CAD continues lower with bearish momentum
Bearish momentum in the USD/CAD continued once again yesterday, building on Monday’s negative start to the week for the pair, moving lower once again today, […]
USDCAD Continues Its Bearish Tone
A pivotal day for the usdcad yesterday which saw the pair close the trading session with a wide spread down candle, breaking below the psychological […]
EURUSD Positive Ahead of Rate Decision
A very pretty picture for the eurusd on the daily chart, and no doubt one which is making the euro bears weep, once again, with […]
USD/CAD price prediction and forecast
It’s been a real struggle for the USD/CAD this week, with the pair finally collapsing lower yesterday, and ending the session with a wide spread […]
Aussie dollar continues in sideways congestion – again!
The recent reversal in the Aussie dollar, triggered following the long legged doji candle of mid April, which was duly topped off with an isolated […]
Cable now running out of bullish momentum
For forex traders in cable, the last few days could best be described as difficult, as the pair continue to trade in a narrow range, […]
Aussie dollar weighed down with gold
Weakness in commodities and more particularly in gold, is not helping the Aussie dollar at the moment, as the pair continued lower once again last […]
Dollar yen now preparing to test 100 – again!
We had to put the 100 birthday party on ice the other day, as the USD/JPY stumbled up the steps on arrival at the celebration, […]
Prediction for the Euro Dollar
A significant day for the euro dollar yesterday, which closed the forex trading session with a wide spread up candle, breaking out of the recent […]