Tag: forex marketSort
While trying to earn more from the forex markets, keeping abreast of the latest policies and regulations laid down by the regulating authorities the world over, is quite elementary. A successful Forex trading experience is so tempting that investors get lured to benefit from the advantages of trading in the trillion-dollar market.
Hey guys! I’ve been away for several days now for a business trip in the Asia-Pacific but I’m back in the Forex front! So in today’s feature, I present to you the USDCHF pair. Just last week (March 17), the Swiss franc reached a new high against the US dollar when the USD/CHF pair fell to historical low of 0.8900. You see, the pair has been trading on a downward course since June 2010.
Welcome to another day of forex trading my friends! My pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD) or the “Aussie” as many would call it. As you can see, this pair has been consolidating sideways since October of last year. Upon doing so, there could be a 2-month symmetrical triangle pattern formed in the daily chart.
After hitting a low of 81.08 last February 4, the USDJPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day. It appears, however, that US dollar’s push against the Japanese yen is starting to lose some momentum. As you can see from its 4-hour chart above, the pair has formed what looks to be a head and shoulders pattern with a neckline at around 83.10.
Hello traders! My forex pick for the day is the Australian dollar versus the US dollar currency pair (AUD/USD). What I wanted to show is the possible 5-day symmetrical triangle pattern forming in its 1-hour chart. In case you do now know, symmetrical triangles have 50% chances of breaking out/breaking down and what usually determines the breaking point is where the trend is coming from.