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STEP 1 Open up a daily chart STEP 2 Add the following indicators on the chart. - Bollinger band (20,2) - Stochastic Oscillator (5,3,3) STEP 3 Look at price touching upper or lower band for the first time. If price touches upper band, wait for following candlestick to...

The Australian dollar fell to an 11-week low versus the U.S. dollar on Wednesday as falling equity markets hit the high-yielding currency and with expectations growing for a rate cut in Australia next month after a surprise trade deficit.

The euro bought $1.3317 and 110.04 yen in Tokyo morning trade, compared with $1.3316 and 110.36 yen in New York. The dollar edged down to 82.62 yen from 82.86 yen in New York. Eurozone governments have debated whether to combine the lending capacity of the temporary European Financial...

* Euro seen facing tough resistance around $1.3300 * Bond sales, German data key events this week * Aussie better bid after big fall last week By Ian Chua SYDNEY, March 26 (Reuters) - The euro held near a three-week high against the greenback on Monday, while commodity currencies such as the...

The choppy consolidation in EUR/GBP continued this week, having recovered most of the previous weeks losses as it trades at 0.8360 ahead of the NY close this Friday, up from 0.8314 at the weekly opening. "The bearish outlook for EUR/GBP since the last update did not follow through, but is not...

The yuan closed slightly higher versus the dollar on Friday after the midpoint rebounded from its biggest 11-session fall on record, in line with a drop in the dollar index on Thursday in global markets. The People's Bank of China (PBOC) has signalled that yuan trade will correlate to the...

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The Japanese yen dropped heavily against everything on the Forex market today, following the currency intervention by the country’s central bank. The yen declined most notably against the US dollar, demonstrating the biggest daily drop since October 2008. It also fell to the lowest rate against...

The GBP/USD pair fell on Monday as traders shed risk and rushed for safe haven assets like the USD. The pair bounced off of the 1.60 level, but appears that it will attempt to finish near it – hardly a sign of confidence in the Pound. The pair needs to close below 1.59 in order for us to sell...

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GBPUSD: The pair is now building up strength but will have to break out of its symmetrical triangle and break above the 1.6272 level to convince the market of further gains. This will open upside risk towards its Nov’2010 high at 1.6298 with a clearance of there resuming its broader long term...

Early in the Asia forex market on Thursday (February 17), the forex price of USD/JPY was maintained at above 83.50 and got an adjustment there, in the previous night the highest point this forex price had reached was at 83.97. Some forex analyst pointed out that the forex price of USD/JPY...

VM Group and ABN AMRO Bank said in the Metal Monthly Magazine which was released on Tuesday (February 15) that the rebound of gold at the very beginning of the year 2011 might just be temporary. Some forex analyst said the low interest rate expectation in US, the EU sovereign debt crisis, and...

EUR/USD currency pair is declining further after a slight rollback. Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement. This candlestick combination shows that the currency pair had been demonstrating upside movement for...

The midterm economic prospect of the economy for RBA was quite optimistic; the forex price of AUD/USD went up to above 1.0030. Early in the Asia forex market on Tuesday (February 15), after the conference noting of RBA was released, the forex price of AUD/USD went up to the level of 1.0030...

A senior oversea forex dealer Stuart Ive said on Monday (February 14) due to the demonstrations in Yemen and Algeria as well as the step down of the president in Egypt, the tense situation in the whole Middle East was enhanced, USD would continue to get some support in the forex market. Ive...

EUR/USD's break of 1.3510 support last week indicates that whole decline from 1.3860 has resumed. Initial bias remains on the downside towards 100% projection at 1.3393 and possibly below. However, we'd remain cautiously bullish in EUR/USD as long as 1.3253 cluster support (61.8% retracement of...

Safe-haven currencies gained further on concerns of Egyptian crisis worsening and Asian market declines and most of the Asian currencies declined. EURUSD declined to lows of 1.3552, USDCHF moved to highs of 0.9697, GBPUSD dropped to 1.6036, USDJPY rose to highs of 83.52 on expectations of...

According to the data of DOL which was released on Thursday (February 10), the initial jobless claims went down sharply by 36 thousand to 383 thousand in the week of February 5, and the previous expectation was 410 thousand. And this made the lowest record since July 5, 2008. Meanwhile, the...