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Aussie Trading in a Triangle Pattern Within a Broader Range

Aussie Trading in a Triangle Pattern Within a Broader Range

The Australian-US Dollar is currently trading within a range between 0.7480 and 0.7330 and in a narrower range comprising 0.7440 to the top and 0.7350 lower end. This range is becoming increasingly sqeezed and the pair is now trading within a traingle pattern. Within...
GBPUSD Headed to 1.2780-1.28?

GBPUSD Headed to 1.2780-1.28?

The pair has fallen as suggested in the last analysis we did on it. We mentioned there was very stiff resistance in the 1.33 region but with the possibility that it wouldn’t reach that level as it was more likely to break below 1.2955, the July low, first, because of...

What Is Forex and How It Works – An Introduction

The term forex means foreign exchange or currency exchange. The forex market or the foreign exchange market means a market where foreign currencies are exchanged. Forex trading involves trading in foreign currencies. Over 5 trillion dollars are traded daily on the...
AUDUSD Falls After Hitting Strong Resistance

AUDUSD Falls After Hitting Strong Resistance

Aussie Falls As Predicted We suggested the strong possibility of AUDUSD facing a major hurdle around the 76.50 to 76.70 area. This area had a confluence of resistance, formed by the meeting point of the broken rising trendline and the shorter-term downtrend, as well...
AUD-USD Faces Trendline and Fibonacci Resistance

AUD-USD Faces Trendline and Fibonacci Resistance

14/05/2018 Resistance also offered by the intersection of uptrend and downtrend lines The Australian Dollar has bounced quite nicely from a low of 0.7420. The bullish wick formed there has taken it to just shy of 0.7560. However, this looks likely it is more of a...
GBPUSD Commentary 02/05/2018

GBPUSD Commentary 02/05/2018

As we had suggested yesterday, the GBPUSD is now finding some support. Any rally from here could be short-lived, however. The break of the strong 1.3730 support has switched the pair into a short-term bearish mode and subsequently, any rally may not hold. A move back...