GBP/USD – Technical Analysis (07.11.2014)
Yesterday’s breakout through the 1.5875 support indicates that the GBP/USD selloff has not run out of steam. Next target to the downside is 1.5750, while initial resistance is expected at 1.5875. More...
EUR/USD – Technical Analysis (07.11.2014)
The break through the 1.2438 support signals that the EUR/USD downtrend has more room to unfold. Next target to the downside is 1.2280. Immediate resistance is the breakout zone at 1.2438. More...
GBP/USD – Technical Analysis (05.11.2014)
As pointed out in our previous analysis, the outlook for GBP/USD is bearish. The pair is trading close to the 1.5875 support. We anticipate a breakout through the level to send the pair to 1.5815. Immediate resistance More...
EUR/USD – Technical Analysis (24.10.2014)
The break through 1.2705 a couple of days ago put an end the EUR/USD trading range between the 1.2840 resistance and the aforementioned support. Next target for the forex pair is 1.2500. Immediate resistance is More...
How to Profit from a Breakout
In trading a breakout, there is always a hazard of a false breakout which can result in a loss. For this strategy to be successful, traders should be able to find a combination of elements that reduce the probability More...
GBP/USD – Weekly Technical Analysis (18.08.2014-22.08.2014)
The GBP/USD is continuing its free fall from 1.7190. The test of the 1.6690 crucial support zone failed to bring a meaningful recovery for the pair. The latter instead slid down to test the 200-day Moving Average 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...
