Trading Setups
Guide to Designing Your Own Forex Trading System
Creating a successful forex trading system requires careful design and thorough testing. This process may take time, but the potential rewards are significant. Here’s a step-by-step breakdown to help you design and test your forex trading system: Step 1: Define Your Trading Style and Time Frame Decide whether you’re a day trader More...
Silver sends a reversal signal to those who can read it!
Yesterday could have been a normal day for many, but not for precious metals traders. Silver’s breathtaking rally caught many by surprise and sent the former to as high as $16.79 from a session low of $14.12! More...
Don’t get tricked by gold: it’s time to Sell, not to Buy!
I have heard recently that gold has depreciated “way too much” and “it’s time to buy”. With my respect to all professional and amateur traders and analysts, I would totally disagree More...
AUD/USD double bottom at 0.8650 provides good buying opportunities!
The AUD/USD slide that we have been witnessing since early September seems to have bottomed out at 0.8641, at least in the mid-term. This week’s impulsive movement to the upside has resulted in a double bottom More...
Gold’s unsuccessful attempt on the $1240 resistance precedes a slide towards $1185
The crucial $1240 resistance capped gold’s attempts on the upside; although a second test is possible, we consider the current market levels good for the initiation of fresh short positions. In the last couple More...
Brent crude oil sends a strong reversal signal
The doji pattern that the Brent crude made yesterday sends a strong signal that the extended downtrend has run out of steam; buying the futures at current market levels provides great opportunities on the upside. Yesterday More...
GBP/USD Technical Update
The sterling is expected to continue its protracted downtrend, as the latest polls on the Scottish independence referendum indicated supporters surpassed people expected to vote against it for the first time. In More...
Fingers on the sell button: gold broke through its dynamic support!
Bullion slid to a 2.5-month low, breaching the dynamic support provided by the symmetrical triangle it had been trading in the entire 2014; considerable downside potential is unleashed. Gold was knocked down to More...
Technical signals pile up in favor of a USD/CHF correction
RSI divergence from trend combined with a bearish engulfing pattern suggest that, although the rally in USD/CHF has still more way to go on the upside, the pair is currently ripe for a correction. Recent broad More...
The EUR/USD triangle: watch out for the direction of the breakout!
The range in the EUR/USD is getting tighter, as market players await an upside or downside breach to determine the pair’s short-term direction. Triangles are generally considered to work much better in longer More...
