GBP/JPY - Falling Wedge Pattern Meets 2014's Rising Support

GBP/JPY – Falling Wedge Pattern Meets 2014′s Rising Support

| July 25, 2014

In July, GBP/JPY has been consolidating in a falling wedge pattern as shown in the 4H chart. In the 4H chart, we see price now trading below the 200-, 100-,... read more

GBP/USD 1 hour

GBP/USD Set to Retrace Losses?

| July 25, 2014

After selling off strongly following the release of disappointing economic reports from the United Kingdom, the pound has managed to pare some of its losses. Stochastic is still not yet... read more

AUD/USD 1 hour

Potential Bounce On AUD/USD

| July 25, 2014

If you’re looking to jump in on that uptrend on AUD/USD, now might be your chance! On the hourly chart, we see that the currency pair has retraced its gains... read more

Countertrend Forex Setup on AUD/NZD - July 25, 2014

Countertrend Forex Setup on AUD/NZD – July 25, 2014

| July 25, 2014

AUD/NZD popped higher since last week and earlier this week, as shifts in monetary policy stance triggered a rally for the pair and led to a potential countertrend forex setup... read more

Managing Correlated Trades in FX Trading

Managing Correlated Trades in FX Trading

| July 25, 2014

One of the most important skills in risk management is the ability to control exposure with correlated trades in FX trading. It’s not uncommon to see similar technical setups among... read more

RBNZ Statement Spurs FX Selloff for NZD

RBNZ Statement Spurs FX Selloff for NZD

| July 25, 2014

The Reserve Bank of New Zealand (RBNZ) decided to hike interest rates by 0.25% as expected, yet this move resulted to an FX selloff for the New Zealand dollar in... read more

UK economy

What to Expect from the UK GDP Report?

| July 25, 2014

On Friday, at 8:30 am GMT, data on the British economy’s growth will be released. It is one of the most anticipated economic reports for the week especially for those... read more

LTCUSD Signals Bearish Outlook; 7.35, 6.66 in Sight

LTCUSD Signals Bearish Outlook; 7.35, 6.66 in Sight

| July 24, 2014

LTCUSD has been consolidating in a triangle, but fell sharply today as price approached the apex with squeezed volatility. The 4H chart shows the strong decline, falling from around 8.50... read more

Bitcoin Falls Sharply to 600 and Rising Trendline

Bitcoin Falls Sharply to 600 and Triangle Support

| July 24, 2014

Yesterday, I noted that Bitcoin has been consolidating in a triangle with volatility squeezing throughout July. It looked like it was ready to wake from its slumber. I also noted... read more

Ruble Declines on Fears that European Union Will Impose More Sanctions on Russia

Ruble Declines on Fears that European Union Will Impose More Sanctions on Russia

| July 24, 2014

The Russia’s ruble fell on speculation the European Union will roll out harsher sanctions on Russian banks and companies. The ruble fell 0.4 percent to trade at 35.0505 per dollar... read more