If you hold a forex position “overnight” you may pay a Rollover charge or be paid a rollover benefit by your forex broker. Read more about rollover or swap in forex trading and how you can make additional income from your rollover rates.

The market acts like a girl… fickle minded. You just don’t know what she wants exactly. Here’s the situation: Think of the market as a girl, the US as the hotshot boyfriend, and you (the trader) as the “friend.”

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.

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.