Multiple Time Frame Analysis is a very important technical study to master for FX trading. The principle to follow in Multiple Time Frame Analysis is this: the chart in the higher time frame shows the larger picture or trend. It is stronger and will have influence on
Read more →Bank of Canada has kept its interest rate at a low of 0.5% since Apr 2009. Considering Canada as one of the top 10 crude oil producers in the world, it is one of the currencies that is highly correlated to crude oil. Thus, the Canadian dollar
Read more →The Aussie has been on a bull rally since late December 2009 till now and coming nearer to 2009 year resistance level at 0. 9404. Recent resistance may be largely due to a reaction at 0.9323 which occurred also in end November and early December. The current
Read more →Based on a Weekly Chart, USDJPY is intact on a downward Channel as shown on the chart below. Even in the last year, the USDJPY has a smaller channel and is still on the downward trend. So, it is safer to trend following USDJPY by shorting it
Read more →Commitments of Traders (COT) Reportis a market report posted on Friday by U.S. Commodity Futures Trading Commission (CFTC) on the Tuesday’s open interest of Traders who are obliged by law to report on their open positions. As sample of it as below. Our interest is on Commercial
Read more →The Aussie and Euro are both in strong uptrending mode according to the daily chart. Potential strong resistance for Euro to be encountered at 1.4170; for the Aussie, 0.7880 – 0.7930.
Read more →Fibonacci and channel lines predict EURUSD movement during US hours.
Read more →We have a very nice set of equidistant channels now acting as support and resistance levels. It is clearly visible on the 4-hour chart. Trend appears downwards.
Read more →The New Zealand Dollar versus the Singapore Dollar. Support at 1.0200.
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