With USDCHF turning lower on a strong sell-off on Wednesday, it now faces further corrective weakness in the days ahead. On the downside, support comes in at the 0.9700 level. A turn below here will open the door for more weakness to occur towards the 0.9650 level and then the 0.9600 level. A cut through … “USDCHF: Tumbles Lower On Strong Sell-Off”
Category: Forex Bits
SNBomb Tee-Shirt now on sale
If you survived the SNBomb (which hurt a lot of traders and quite a few brokers) you might want to rewards yourself with a tee-shirt. Morgan Mcdonagh created a tee-shirt campaign. The tee includes the chart of EUR/CHF on that important day: January 15th. You can purchase it here – there are various sizes and background … “SNBomb Tee-Shirt now on sale”
Strategizer – the new cloud based, EA builder system
Many traders would like to use automated systems, but sometimes the technical hurdles scare them off. Orbex has just launched a new tool called Strategizer, which makes life easier. Here are the full details from the press release: August 12th, Limassol, Cyprus Forex broker, Orbex, is proud to announce the launch of their algorithmic Forex … “Strategizer – the new cloud based, EA builder system”
USDCAD: Bullish, Looks To Recapture Key Resistance
USDCAD: With the pair reversing its Monday losses on Tuesday to lose strongly higher, it now faces further move higher towards its key resistance at 1.3212 level. We may see price hesitation at that level but if taken our expect more strength to build towards the 1.3200 level followed by the 1.3250 level. Further out, … “USDCAD: Bullish, Looks To Recapture Key Resistance”
EURUSD: Remains On The Offensive With Eyes On 1.1133
EURUSD: With EUR maintaining its corrective bullish offensive, more strength towards its resistance located at 1.1133 level is likely in the days ahead. Support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level with a turn below that level targeting … “EURUSD: Remains On The Offensive With Eyes On 1.1133”
GBPUSD: Sets To Recover Higher On Rejection Candle Formation
GBPUSD: GBP looks to recover higher following its rejection candle print on Friday. This development leaves the immediate risk higher with its lower level charts (see 4 hourly chart) turning higher. On the downside, support lies at the 1.5450 level where a break if seen will aim at the 1.5400 level. A break of here … “GBPUSD: Sets To Recover Higher On Rejection Candle Formation”
The Biggest Forex Charts Mistakes
Making the right decision and planning an effective strategy in Forex is definitely one of the hardest things to do. Not all people are capable to do this, which is the reason why we have so many failures and disappointments connected with this business. On the other hand, some traders have learned how to improve … “The Biggest Forex Charts Mistakes”
EURUSD: Risk Builds Up On With Eyes On 1.1128 Zone
EURUSD: Having EUR taken back most of its previous week losses to close flat the past week, we could see more recovery occurring in the new week. This development leaves risk higher in the new week though with caution. Support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A … “EURUSD: Risk Builds Up On With Eyes On 1.1128 Zone”
GBPJPY: Turns Lower On Price Failure
GBPJPY: The cross turned lower on Thursday taking back most of its Wednesday gains. This development leaves the cross targeting further downside pressure. On the downside, support comes in at the 193.00 level where a violation will aim at the 192.00 level. A break below here will target the 191.00 level followed by the 190.00 … “GBPJPY: Turns Lower On Price Failure”
USDJPY – Vulnerable Below The 124.47/57 Zone
USDJPY – With the pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 level. A break will target the 122.50 level. Further out, support comes in at the 122.00 level where a violation … “USDJPY – Vulnerable Below The 124.47/57 Zone”