Profit from Currency Strength & Weakness

As forex traders our sole goal is to profit from a currency’s strength or weakness.  In other words, we look to buy when a currency is oversold and sell when a currency is overbought.  Unfortunately, one of the difficulties many new forex traders have is...

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Forex Analysis 4th May 2012 – AussieDollar

Despite a lack of meaningful fundamental news and a holiday in the UK, forex markets have provided some positive trades today in particular in the Australian and Canadian dollars which have both strengthened against the US dollar.   The moves in these “commodity dollars” has...

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A simple low risk forex trading signal

GBP vs USD daily chart

If forex trading can be defined in any way, it can be said to be the process of trading and managing risk. This is something many new traders find difficult to understand but perhaps one simple way to explain it is by looking at a candle pattern which, in...

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Dollar yen now looking bearish

Following the Japanese earthquake in mid March where the dollar yen promptly sold off sharply, before G7 intervention managed to send the pair back to the 86 level, since then the dollar yen has been on a downwards slide back towards the 80 level where we have seen an...

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Dollar index approaches key technical level

Following two months of sideways consolidation the dollar index is now approaching a key technical level on both the daily and weekly charts, and coupled with various other signals the next few days could dictate the future direction for the dollar and consequently the major currency pairs during...

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Euro forecast for next few weeks

Another interesting week for us as euro bears, with the single currency ending at a two month high against the US dollar, as well as posting strong rebounds against many of the currency cross pairs. Last week’s performance was of course against the backdrop of...

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Chinese GDP worries forex markets

The fundamental news overnight was all about China, as equity markets stumbled yesterday in Europe and the US ahead of the data, with the FTSE 100 in London ending the trading session with a bearish engulfing candle signalling a potential move lower today. The data...

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