In the article “MACD – non-standard use on Forex”” I already described the technical indicator FX5 MACD DIVERGENCE, which determines the divergence of the MACD indicator.
In this article, I present to your attention another technical indicator for the MT4 trading terminal, revealing the divergence of the MACD indicator. Continue reading
The uptrend in the gold market has changed to a downtrend relative to the US dollar.
Gold (XAUUSD) came out of the growing channel and formed a downward channel. Recent impulses of the price formed a new Lower Low, and Lower High. However, the last week the movement in the gold market has stopped. What’s next? Continue reading
Some forex trading strategies include splitting one position into several smaller ones, adding to already open positions or averaging.
When opening several positions, it is not very convenient to manually calculate the breakeven level for all open positions in the MT4 terminal.
This task is greatly facilitated by a simple breakeven indicator. Continue reading
After a series of central bank meetings, the foreign exchange market entered a phase of strong consolidation.
This consolidation is clearly visible by the damping fluctuations in the US dollar index – USDX. Continue reading
In this article, we continue to study the trading methodology from the demand/supply zones of Sam Seyden and his followers. You can familiarize yourself with the first article at the link – “Forex Trading from Supply and Demand Zones“.
The trading strategy in supply / demand zones is quite simple and methodologically fundamentally not particularly different from trading at support / resistance levels. Continue reading
The EURCHF currency pair has been in a downtrend for 4 months.
For the last 20 days, we have seen consolidation on the pair, which is highlighted in the chart by a blue rectangle. Over the past three days, we have seen an unsuccessful attempt to break through the lower edge of the consolidation range, which led to the formation of a bear trap on the EURCHF. Continue reading
The Japanese yen has recently been in strong demand as a “safe haven” for investors on the topic of the risk off sentiments associated with the trade war between the US and China.
On the daily chart of the USDJPY currency pair, we see a clear downward long-term channel. Continue reading
Take a look at the 4-hour dollar index (USDX) futures chart. We see very strong consolidation in a narrow range (blue rectangle).
Traders are in a state of uncertainty about the future prospects of the US dollar. Continue reading
Trading in financial markets from levels (or zones) of supply and demand is traditionally associated with the methodology developed by Sam Seiden and his colleagues.
This methodology is extremely interesting for traders for several reasons. First of all, it is quite simple to understand and based on the basic principles of market interaction of supply and demand. It does not use complex technical indicators and, according to many traders, it provides significant advantages in the real trading of any financial instruments. Let’s delve into this methodology together. Continue reading
Technical analysis of the GBPUSD currency pair tells us about the current extreme degree of consolidation in this pair.
As a rule, there is a way out of any consolidation and it can be very volatile, which provides traders with good trading opportunities. Continue reading
The week before last week was marked by the most significant weekly decline in the US dollar index (USDX) for the entire last period of its growth. And this is more than one year.
During the entire last year, investors and speculators bought the US dollar at all its falls and were in profit. Continue reading
In the previous article I noted the formation of a technical triangle on the euro-dollar currency pair (on the chart it is a red triangle). The breakdown of the lower edge of this triangle led to the removal of euro buyers’ stops and the impulse movement down almost by one figure.
However, this breakdown turned out to be false and euro buyers were able to return the pair inside the triangle and return to the balance of supply and demand. Continue reading
The daily volatility of the euro-dollar currency pair (EURUSD) on the foreign exchange market has reached its lowest levels in the last five years.
Such a low value of the daily indicator ATR (14) was last observed in June 2014. Continue reading
The euro-dollar currency pair is in consolidation for 5 months. The consolidation range is highlighted on the daily chart with a blue rectangle and limited to the range of values 1.12145-1.15000.
But any ranges at some point end. It’s time for traders to make a decision. Continue reading
Yesterday we wrote on our website about the triangle formed on the US dollar index – Geometric metamorphosis of the US dollar index (USDX).
On the EURUSD currency pair, the figure of technical triangle has also formed. Continue reading
The upward trend of the US dollar in recent days has slowed down in its development. Is it just a pause in the foreign exchange market or signs of an approaching reversal?
Over the past few days, the US dollar (USDX) has been consolidating around the level formed by the previous high on the value of 96.836. Continue reading
The agreement between US and China at the last G20 summit led to a decrease in tensions in financial markets. The risk appetite led to demand, including for the single European currency. However, the long-term trend of the US dollar growth on forex is still in force.
What technical levels do traders of the EURUSD pair need to monitor in the foreign exchange market? Continue reading
The last two trading days were marked by events on the front of the British exit process from the European Union. The Brexit deal is prepared and agreed by the parties. What awaits us next?
The UK is due to leave the European Union at 23:00 GMT on Friday 29 March, 2019, after people voted by 51.9% to 48.1% for Leave in the 2016 referendum. Continue reading
The last five months, the EURUSD currency pair has been trading in a fairly wide range on the forex market.
On the pair chart, this range is highlighted with a blue rectangle and is limited to 1.13000 -1.18500. Continue reading
On August 8, 2018, the Bloomberg news agency published a very entertaining material entitled “JPMorgan Says Trump May Sell Dollars as Weapon in U.S. Trade War“. This article (oddly enough) came out on the eve of the fact that the dollar (USDX index) broke through the mirror resistance at 95.00 and left the medium-term consolidation zone. Continue reading