EURUSD prices are now threading on a bullish signals Resistance Levels Support Levels R3: 1.3248 R2: 1.3203 R1: 1.3157 S1: 1.3066 S2: 1.3021 S3: 1.2975 For Monday, the EURUSD is now showing bullish pattern in its candlestick sentiment from yesterday’s median levels, as prices are now edging up its momentum, due to its Bollinger Bands 21 line opening up its lines for prices to rise further. Currently, prices are now moving now at 1.3126,...
Automated forex trading systems are computer programs (also known as forex robots) which take and execute trading decisions of trading strategies or trading rules coded or designed into it. You can use automated trading systems in advanced platforms of forex brokers. There will be a trading strategy consisting of trading rules designed into an automated trading system. Automated trading systems will find trading signals according to the trading strategy given in it and then will execute trading signals automatically. It can...
Technical analysis is the study of charts and indicators to determine the past and future price movement of a currency pair. Unlike fundamental analysis technical analysis relies on the use of charts and mathematical techniques to examine various aspects of a currency pair’s price movement. With the growth of the Internet technical indicators which were once available only to brokers and professional traders are now available to any trader with a computer. All market fundamentals are reflected in price data. Moods, differing opinions...
All eyes are on Mario Draghi, chief of the ECB, as the ECB meets on September 6th in order to deliver the biggest disappointments to investors yet. Most bullish pieces of feces hope that the ECB will announce details on the rumored bond buying program and all hopes for the Euro cling to that. Nobody really cares about a potential rate-cut as everyone expects Draghi to announce what they want to hear. Those hopes have pushed the Euro higher for the past two weeks as investors as well as traders decided to ignore all the warning signs which...
The EURJPY has been trading in a rectangular chart pattern as visible in this H4 chart. This currency pair has now reached its horizontal resistance level and price action has been confined within the upper and lower levels of its resistance zone. The last H4 candlestick has formed an inverted hammer which is another bearish signal. We expect this currency pair to correct back down to its horizontal support level which is also enforced by the EURJPY 200 DMA. MACD has confirmed the rally from support to resistance, but indicates that bullish...
