March 17th, 2010 by Forex: iStockAnalyst.com Feed
Last week, I wrote that shorting AUD/NZD is my favorite trade. At that time, I said that if the currency pair rallies back above 1.31, then the uptrend has resumed and my call is wrong. However, AUD/NZD tortured me and came within 2 pips of 1.31 (1.3098) before reversing sharply lower. There is no major support in the currency pair until 1.2775, but as indicators adjust to the movements in price, so have support levels. The 1.2850 level is now the new support and that’s where I am targeting.[More...]
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March 10th, 2010 by admin
Forex swing trading is easy to understand and do and it’s exciting and its a great way for traders to start making triple digit gains in around 30 minutes a day. You can easily learn to swing trade, even if you have never traded before.
If you look at any currency pair, you will see [...]
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March 7th, 2010 by Ahmad Hassam
Trend trading is one of the most profitable trading strategies. You must have heard the oft repeated quote that Trend is your friend. But trend can only be your friend if you know how it is going to behave in the future. If you don’t know that the trend is going to reverse soon, you are going to end up with a heavy loss. Candlestick charting is one of the ways to predict the future of a trend whether it is going to reverse itself in the near future or continue for sometime. Bullish Necklines is a candlestick pattern that can help you know whether the trend is continuing or not. It is a trend confirmation pattern. There are types of Necklines Patterns; one is the In Neck and the other is the Out Neck Pattern.
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March 4th, 2010 by Ahmad Hassam
Candlestick charting is a highly powerful tool in the trading arsenal of any trader. In the last two decades, candlestick charting has become highly popular. There are many candlestick patterns that give profitable trading signals. Some are simple while other are complex. Hammer, the Hanging Man and the Spinning Top are three simple candlestick patterns that can be easily spotted. All three are different!
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March 3rd, 2010 by Ahmad Hassam
Engulfing candlestick pattern is a double stick pattern. Double stick candlestick patterns do not appear frequently but when they do appear, it can mean a trend reversal is about to take place. Spotting a trend reversal before it happens is something that can be highly profitable in trading.
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February 27th, 2010 by Ahmad Hassam
Harami is a two stick candlestick pattern or what you may call a two day candlestick pattern observed on the daily charts. The first day candle is longer than the second day candle. Harami candlestick pattern can be bullish as well as bearish.
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February 26th, 2010 by Ahmad Hassam
Inverted Hammer Candlestick Pattern is a trend reversal pattern. This pattern can be bullish as well as bearish and occurs rarely or what you can say not frequently.
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February 23rd, 2010 by James Chen
Price action on EUR/JPY, a daily chart of which is shown, has been entrenched in a relatively strong downtrend since the mid-January highs. In the process of this downtrend, several key support levels have been broken down, including key levels around the 127.00 and 125.00 price regions. After breaking swiftly and strongly below the 125.00 [...]
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Tags: Currency, Currency Trading, Currency Trading News, Forex, gbp, Nzd, pips, rallies, Support Levels, uptrend, Usd Cad
