Forex Education

On Friday Dollar/Yen continued increasing slightly, matching the positive Interbank sentiment at nearly +20%. The currency couple rose from 88.37 to 88.74 on Friday, closing the week at 88.56. This morning ascending continued up to 89.13, from which point the pair started deep adjustment. On the 1 and 3 hour

Read more...

The JPY started lower into the new trading week and weakened versus all of its major counterparts as signs that the global economic recovery is still intact, damping demand for Japan's currency as a refuge. The EUR/JPY climbed near to a three-week high after Prime Minister Naoto Kan's party lost

Read more...

The EURUSD is currently trading at 1.2594 levels after touching a high of 1.2712 levels. It would confirm a major top once we see a break below 1.26 on a continuous basis. It has been moving higher due to good bond auctions in eurozone countries and poor US data

Read more...

After partial recovery, on Friday Pound/Dollar started decreasing, in converse with the Interbank sentiment at nearly +14%. The Cable at first climbed to 1.5200 on Friday, from where it started descending down to 1.5054, closing the week at 1.5059. Today dropping continued. On the 1 hour chart the upward channel

Read more...

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.

Read more...

EUR/GBP Longer term bias switched to bearish now that the cross has breached key support in 0.8400 area. Intraday: reached the 50% retracement above 0.84 figure and keeping up with the bullish ST trend. Keep riding the trend until there is a first sign of reversal, such as a daily close below 0.8300.

Read more...

EURUSD The latest upleg off 1.2479, 06 July higher low, stalled at 1.2721 last Friday, ahead of reversal. Market is now approaching 1.2552, break of which would attract test of key 1.2479. Loss here would trigger fresh weakness and suggest a key lower top is in place. Upside, regain of

Read more...

The AUD/USD is reaching resistance around the 0.8800 level, where prices have previously exhausted: prior highs on the daily chart include 0.8777, 0.8781, and 0.8795. Friday's session for the AUD/USD traded in a tight range, with near-term support between 0.8723 and 0.8725. The current exhaustion seen on this short-term 15-minute

Read more...