forex for beginners
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Never let a trade turn into an investmentInvestment or trade? There is always something unexpected in the markets. Always something to generate a buzz or fear in investors, usually both....
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The EURUSD sits on the ledge. What if it falls off the ledge and moves lower?100 hour moving average also corresponds with the high of a consolidation area from July to December The 100 day moving averages a key level...
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Sometimes the simple chart is the best oneUSD/JPY breaks the trend line and rallies for 7 days This is a great chart for a Technical Analysis 101 class. Just draw a trendline and buy a...
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WTI crude oil futures for March delivery settle at $56.23WTI crude oil futures settle higher by $0.54 or 0.97% The high price reached $56.58 while the low extended to $55.30. Looking at the hourly chart,...
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USDJPY gets closer to key 200 day MATopside trend line on hourly also in play As mentioned in an earlier post, the USDJPY was mired in a very narrow 18 pip trading range...
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EURUSD tests the 100 day MA targetEURUSD dips down to test the 100 day moving average The EURUSD has moved down and taken the final step toward the key 100 day MA level...
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AUDUSD falls below a swing area and the 0.7600 levelMoves away from the 100 hour MA The AUDUSD has fallen below a swing arear in the 0.7600 to 0.76046 area (see yellow area and red numbered circles)....
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German DAX for the 4th consecutive day. UK FTSE 100 lags in trading todayMost European indices close higher A look at the closes: in other markets as London/European traders exit:
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EURGBP trades to lowest level since May 2020Run higher in GBPUSD and run lower in EURUSD sends the EURGBP down The EURGBP is one of the biggest mover's today as bearishness in the EURUSD...
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EURUSD moves closer to its 100 day moving average. Tests a cluster of support.100 day moving average at 1.19569 The EURUSD has continued to move lower and in the process has: The area between that cluster...
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Gold moves sharply lower and interest rates higher leads to a stronger dollarGold tumbling. Yields not running higher, but higher. The USD is trading at highest levels vs. EUR, JPY, CHF, CAD, AUD and NZD....
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USDCAD trades back above hourly MAsUps and downs continue in the pair The USDCAD traded below its 100 hour moving average on Tuesday and in trading yesterday found sellers...
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US major indices open higher with the NASDAQ index leading the way.NASDAQ all time high came in at 13728.98 A snapshot of the market shows: A look around other markets as stocks are trading shows
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USDJPY breaks higher and moves toward the 38.2% retracement on the daily chart38.2% comes in at 105.358 HERE The "give" was to the upside. The buyers entered and pushed the pair above the trendline, and ultimately...
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EURUSD lower and below the 1.20027 to 1.2010 swing area. Now resistance.The 1.20027 to 1.2010 was swing highs on the daily chart in Sept and end of November 2020 before moving higher Today the break below the levels as...
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GBPUSD breaks back above the moving averagesRound to the upside continues after failed break of the lower floor The pair last traded above the moving average levels on Tuesday briefly...
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The AUD is the strongest and the EUR is the weakest as NA traders enter for the dayThe USD is higher As North American traders enter for the day, the AUD is the strongest and the EUR is the weakest. The GBP, which was weaker...
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Pound climbs as BOE continues to play down negative rates expectationsCable jumps by 70 pips from 1.3570 to 1.3640 It is looking more and more likely that negative rates may not be part of the latest cycle for the BOE...
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Silver contests key near-term levels once again amid firmer dollar on the sessionSilver eases to test the lows for the week Precious metals aren't getting much love today as the dollar holds firmer across the board and is now...
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USD/JPY eyes 200-day moving average as dollar looks poised to extend upside momentumUSD/JPY hits a fresh high of 105.27 on the day The push above 105.00 is continuing for the pair as the dollar continues to see more of a tailwind...
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EUR/USD falls to fresh session low below 1.2000, key support in focusEUR/USD falls to a low of 1.1985, its lowest level since 1 December Sellers are starting to get comfortable after testing the waters earlier, with...
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EUR/USD briefly dips below 1.2000 for the first time since December as sellers test the watersThe low hit 1.1993 briefly before moving back above 1.2000 With the risk momentum slowing down today, if there's going to be a chart to watch then...
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EUR/USD closes in on 1.2000 level ahead of European morning tradeEUR/USD at 1.2000 remains a key level to watch this week The pair is touching a low of 1.2008 on the day now as sellers continue to look poised to...
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Gold under pressure as technical breakdown puts the spotlight on $1,800Gold is down 0.9% on the day to $1,818 ahead of European trading Gold has been rather choppy as of late and after having , price action is pointing...
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Major indices close mixed and give up gains into the closeS&P and Dow leads the way higher. NASDAQ closes lower on late day sell off A look at the closing levels shows: Some earnings releases after the...
