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I am going to cover some medium term Technical Analysis for some of the Major pairs in this article. Please remember that these ideas are not 100% sure and that there are inherent risks in Forex.EUR/USD:The Euro - Dollar Exchange rate has been stuck in a range of 1.30 to 1.35 since January. The Daily chart has formed a neat Head & Shoulders formation as seen in the chart below. It has a height of …
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EURCHF is one of the unique pairs. It's action is always interesting and regular analysis not always works on this pair. It's because Switzerland doesn't want strong Frank. Why is that? Because they export a lot and weak currency compared to others, means that products are cheaper. And we all like to buy cheaper products. So from time to time SNB (Swiss National Bank) intervenes (sells a lot of F…
Trading the Forex market can be a fun and enjoyable, exciting activity that gives you a good adrenaline rush trying to battle the market everyday. Volatile movements and unpredictable reactions to news events can make trading this market the best thing in the world. But from what I have seen over the years, day traders who try to do this everyday will always struggle compared to long term traders …
What is a TRENDWhen market trends, a geometric patterns form a series of trends that have higher highs and higher lows in an uptrend and lower highs and lower lows in a downtrend.In uptrend Market tend always to push the rates above the previous high to trigger stoploss orders and buy stop orders wich make a breakout and a new high will be established.In a downtrend it is the reversal of the upt…

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