Will GBPUSD Sustain The Upward Momentum? 23 July 2013 
After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it. The high of this upward move was 1.5282. …

GBPUSD and upcoming resistances 18 June 2013 
GBPUSD had fallen very strongly since the beginning of 2013 to March second week. The fall had taken the currency pair from 1.6381 to 1.4831 i.e. 1550 …

The Emerging Patterns Of EURUSD 30 May 2013 
EUR/USD: After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the …

AUD/USD Update 14 January 2013 
AUD/USD stays in the volatile sideways move and the price action is lacking any clear direction. The recent price action brought the currency pair again …

USD/CHF Update 14 January 2013 
USD/CHF fell again and very strongly to as low as 0.9110 to indicate the bearish sentiments. However the price action since middle of September 2012 clearly …

Currency correlation changes 
There are times when there are sudden changes in the correlation values of various currency majors. Generally after such phases there may be a tendency …

USD/CHF Outlook (Week of March 5th) 
USDCHF broke out of the range after failing to break below the support at 89.30. 89.30 was a little below the Fibonacci 61.8% retracement of the upward …

AUD/USD Outlook (Week of March 5th) 
AUDUSD tried to break above the range by moving to 1.0856 but fell again in the range it has been trading since February 8th. The fall on Friday did …

USD/JPY Outlook (Week of March 5th) 
USDJPY had a sharp fall last week but the support came just over the psychological level of 80.00 and the pair moved strongly upwards to go as high as …

GBP/JPY Outlook (Week of March 5th) 
GBPJPY had found some resistance slightly below 130.00 psychological level but after dropping down to 126.69, the pair jumped upward strongly to break …

EUR/JPY Outlook (Week of March 5th) 
EURJPY found an expected resistance just below the strong psychological level of 110.00 and went into sideways move. We will keep a note of the following: …

GBP/USD Outlook (Week of March 5th) 
GBPUSD has been moving as indicated 2 weeks back. The pair moved as high as 1.5993 during last week but could not break the psychological resistance …

EUR/USD Outlook (Week of March 5th) 
EURUSD failed to break the strong psychological resistance of 1.3500 and fell strongly from 1.3486. The currency pair went as low as 1.3187 and closed …

Forex Weekly Outlook USDCHF 
Last week USD/CHF pair entered into a perfect volatile sideways mode between 0.9115 and 0.9250. The support came by the approaching psychological support …

Forex Weekly Outlook AUDUSD 
Last week AUD/USD moved up, as mentioned during the last weekend and quoted above, and went as high as 1.0794 and closed for the week at 1.0770. The break …

Forex Weekly Outlook AUDJPY 
Last week AUD/JPY downward move from 82.85 continued till 80.52. The currency pair found strong support there. This support came little above the 80.45 …

Forex Weekly Outlook GBPUSD 
Last week GBP/USD moved the way we had indicated during last weekend (quoted above). GBPUSD moved as high as 1.5883 or 3 pips above what we had mentioned …

Forex Weekly Outlook GBPJPY 
Last week GBP/JPY went down as low as 119.59 and found support there; this was little above the support mentioned by us during last weekend i.e. 119.45, …

Forex Weekly Outlook EURJPY 
Last week EUR/JPY fell strongly from 101.46 but found support at 99.24, which was above the previous low and support of 98.92. The currency pair, then, …

Forex Weekly Outlook USDJPY 
Last week USD/JPY move the way we had indicated during last weekend (quoted above). Some support came at 76.32 i.e. a little below the first support level …

Forex Weekly Outlook EURUSD 
Last week EUR/USD could not break above the 1.3233 level and went into sideways mode between 1.3233 and 1.3026. Please note that 1.3233 is approximately …

Forex Weekly Outlook EURUSD 
Last week EUR/USD could not break above the 1.3233 level and went into sideways mode between 1.3233 and 1.3026. Please note that 1.3233 is approximately …

Bollinger Bands Complementing Technical Analysis Indicators 
Bollinger bands are good when the market is not trending but can give an early indication of emerging trends. many times we just have Bollinger Bands on …

MACD reducing False Signals 
One of the most commonly used indicator for technical analysis is Moving Average Convergence Divergence or MACD in short. Whether it is Forex trading or …

AUD/JPY Forecast Jan 29 2012 
AUD/JPY moved the way we had indicated during the last weekend. We had mentioned a move towards 82.80 but the currency pair moved a bit more to 82.85 before …

GBP/JPY Forecast Jan 29 2012 
GBP/JPY mover the way as we indicated during last weekend and quoted above. The currency pair moved as high at 122.05 and found some resistance there. …

GBP/USD Forecast Jan 29 2012 
GBP/USD broke the resistance of 1.5630 and then moved as high as 1.5741 as mentioned during last weekend and quoted above. The currency pair closed for …

AUD/USD Outlook Jan 29 2012 
AUD/USD moved up, as mentioned during the last weekend and quoted above, and went as high as 1.0688 i.e. little below the mentioned 1.0720. The currency …

USD/CHF Forecast Jan 29 2012 
USD/CHF broke the supports mentioned during the last weekends and quoted above and even broke below 0.9200 to touch 0.9114 and to close with strong short-term …

EUR/JPY Forecast Jan 29 2012 
EUR/JPY moved as we had mentioned during the last weekend and quoted above. The currency pair went up to 102.22 and found resistance exactly at the upper …

USD/JPY Forecast Jan 29 2012 
USD/JPY broke the resistance we had mentioned that we would be watching and moved up to 78.22 as mentioned last weekend. The currency pair touched 78.28 …

EUR/SUD Forecast January 29 2012 
EUR/USD broke the resistance mentioned last weekend and quoted above and then moved further up as we had mentioned towards 1.3230. The currency pair went …

AUD/USD Outlook 
Sunday, January 22nd, 2012: AUD/USD moved up and broke over the resistance of 1.0381/1.0386 (Dec 8th and January 3rd resistance zone). The currency pair …

GBP/JPY Outlook 
January 23, 2012: GBP/JPY did not break below the support of 117. and jump upwards from 117.37. It then broke the resistance of 118.45 and then moved …

EUR/JPY Outlook 
January 23, 2012: EUR/JPY went down to 97.03 and found strong support there, which was little above the support of 96.80. The strong upward move broke …

USD/CHF Outlook 
January 23, 2012: USD/CHF had broken the support of 0.9400 and went as low as 0.9307 (little below the next support level) and closed at 0.9345 for the …

EUR/USD Outlook 
January 23rd, 2012: EUR/USD had touched 1.2624 last to last week but found a strong support at 1.2626 last week and jumped up. It touched 1.2986 and found …

Forex Retail Markets What to Expect 
After a decade of sustained and rapid growth, the retail foreign exchange (Forex) market is seemingly entering the phase of consolidation. Japan, which …

GBP/USD- Somthing to watch for 
Well, this post comes as an addition to my previous post where I mentioned GBP/USD movement within Bollinger bands (daily chart). In fact I had gone long …

GBP/USD: Perfectly Within The Bands (well, almost) 
The Pounds-Dollar pair continued it’s volatile sideways move below 1.5800 but with bearish configuration. The currency pair went as low as 1.5376 during …

EUR/USD Outlook 
EUR/USD went as low as 1.2696 and then entered a low volatility sideways range during the previous weekend. The already existing bearish sentiment has …