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Fanciful Fed Follies

Fanciful Fed Follies

By The Gold Report Source: Michael J. Ballanger for Streetwise Reports   08/14/2017 Precious metals expert Michael Ballanger discusses the gold COT report and its implications for the metal. Having just returned from boating in northern Georgian Bay and an area called The North Channel, I have been by and large out of contact with gold […]

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Daily Market Report – GBP/USD More Downside In View August 16, 2017

Daily Market Report – GBP/USD More Downside In View August 16, 2017

By Mexgroup.com GBP/USD Melting Down GBP/USD changed little today after the yesterday’s massive drop, could extend the sell-off as the USDX should jump much higher. The USD is stronger again as the dollar index has managed to climb above the 93.81 static resistance and is expected to increase further in the upcoming period. USD received […]

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EUR/USD Recovers Despite Good US Data

EUR/USD Recovers Despite Good US Data

After having fallen upon the release of the first batch of the US macroeconomic indicators, EUR/USD was rather quick to recover despite the lack of some meaning fundamental drivers. The currency pair then stalled not too far from the daily open level.

US export and import prices rose by 0.4% and 0.1% respectively …

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Average True Range Indicator: Using it Profitably

Average True Range Indicator: Using it Profitably

Let’s use the Average True Range (ATR) indicator: Why? Because (A) it’s a very helpful indicator, and (B) not a large percentage of forex traders use it, which means that using it will give you an edge that the majority of traders don’t have. Any way you can get an edge in forex trading will improve your probability of success (i.e., making MONEY!).

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USD/CAD Flat Top Ascending Triangle Uptrend

USD/CAD Flat Top Ascending Triangle Uptrend

By Admiral Markets The USD/CAD has been in a steady uptrend. The price has formed an ascending flat top triangle that suggest an uptrend continuation. But the price has already reached the W H4 camarilla pivot so bulls need to be careful. If the pair breaks 1.2760 then 1.2805 will be possible. If there is […]

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Daily Market Report – GBP/JPY False Breakdown? August 15, 2017

Daily Market Report – GBP/JPY False Breakdown? August 15, 2017

By Mexgroup.com GBP/JPY Truned To The Upside Price rallies aggressively as the Yen is demolished by the Nikkei’s impressive jump. GBP/JPY is trading in the green and looks motivated to climb much above the 143.00 psychological level. Today’s rally invalidated a crucial breakdown, we still need a confirmation that will increase further in the upcoming […]

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Do You Have Your Family’s and Friends’ Support in Forex Trading?

Do You Have Your Family’s and Friends’ Support in Forex Trading?

Although the popularity of the retail Forex trading is growing rapidly, a lot of people do not know what it actually is, and of those who do, many have wrong ideas about the industry. This creates a lot of misunderstanding between traders and their friends and family.

The issue with getting the approval …

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Daily Market Report – GBP/USD Continues To Hold Around 1.3000 August 14, 2017

Daily Market Report – GBP/USD Continues To Hold Around 1

By Mexgroup.com GBP/USD Setting Up For The Next Move Price increased today and stays bullish until more sellers appear. GBP/USD could rebound as the USDX is still under selling pressure on the short term. USDX dropped in the last three days and is pressuring the 93.00 psychological level again. The index could still come down […]

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Your Weekly Fundamental View (14-18 August)

Your Weekly Fundamental View (14-18 August)

By Admiral Markets Need to Know The upcoming trading week is fully focused on inflation rates and unemployment levels. The United Kingdom and Canada will offer new inflation data points. The UK, France, and Australia will also release their newest unemployment statistics. Coming Up Australia’s RBA Meeting Minutes on Tuesday, 15 August The Reserve Bank […]

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The Power of Divergence: How to Predict the Future

The Power of Divergence: How to Predict the Future

We have discussed in detail the advantages of using the Awesome Oscillator for and in your trading.  We have explained how you can use the tool in detail. One of the advantages of the indicator is its usage in determining divergence and convergence (point 3 […]

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