Forex Marketz Daily Forex News – Fully Markets Update
0.0 00 AUD/JPY (95.98) has been climbing in a very nice bullish pattern for a few days. Watch for the cap as it is happening and plan for the turn around to bearish pattern. …
Read More »Elementary Forex – AUDJPY — Watch the turn around
Gold Moves Lower as Expected
0.0 00 Gold (1229.85) Very interesting setup on our above daily MT 4 chart for the yellow metal. Gold has pushed lower. However, the picture is not as clear as what we are seeing on the …
Read More »Elementary Forex — Dear Watson, Horseshoes are really good luck
0.0 00 Everyone knows that horseshoes are an icon of good luck. You can read about this here. But what has this got to do with Forex? Let’s look at this chart — EUR/JPY (137.179). We can …
Read More »The Kiwi/Dollar Forms a Harami as it Recovers
0.0 00 NZD/USD (0.7900) The NZD/USD has been recovery as of late and we are looking to test the key technical resistance level at 0.8000. Still, I have some trepidation regarding this recovery and its strength. …
Read More »Elementary Forex — Close the Trade and Take the Profit
0.0 00 Forex is an exciting business. The glamor of the money, and the constant news on every country and currency. Yes, we are in the business of Forex to make profit — to make money. …
Read More »EUR/CHF — Quick Movements Possible Quick Profits in very Short Term
0.0 00 The currency pair of EUR/CHF — Current trading at around 1.205 it is showing on the 5 minute chart below with a support of 1.2055 and a resistance of 1.2060. It appears that …
Read More »Gold Turns Lower after Failing at $1255.10
0.0 00 Gold (1230.76) The yellow metal has moved lower. This not shocking after failing to crack the technical level at $1255.10 per ounce. This level is also supported by the 55 day moving average (DMA). …
Read More »Gold Runs out of Steam and Forms a Top
0.0 00 Gold (1235.07) It appears the yellow metal has lost steam and sellers have reentered the arena. A short term top has formed near 1255.10. This technical level is supported by the 55 daily moving …
Read More »USD/JPY Price Action Indicates Buyers Hesitation Near ¥106.78
0.0 00 USD/JPY (¥107.067) The sideways movement in the USD/JPY Forex pair has now formed a very specific type of Doji, which is indicating buyer’s hesitation below ¥106.78. We are noting a Dragon Fly Doji, see …
Read More »AUD/JPY Trades in a Tight Range
0.0 00 AUD/JPY (¥94.06) The AUD/JPY has been trading since trade open in a tight 35 pip range. We have been above and below the range top at 94.05 at least five times and we are …
Read More »