Ardy - Forex Trader, Forex Analyst & Trading Mentor

Ardy is a forex trader with 6 years experience in the forex market. He started this blog in 2009 and shares his views on the forex market through his blog with followers from more than 40 countries. Join Ardy as a member of ForexAchievers Forex Inner Circle and learn how to trade using price action and confluence trading strategies. Coupled with sound risk management strategies and his insights on developing proper trading psychology, Ardy has helped forex traders become consistently profitable.

 
Gold Technical Analysis – Daily Time Frame 27th June 2014

Gold Technical Analysis – Daily Time Frame 27th June 2014

The yellow metal is challenging the down trend line at the moment on the daily time frame. Price has gone sideways and a close above the down trend line will take us to next resistance level in the form of the 61.8% Fibonacci level at 1335.4 Good thing for the bulls is that the price is above the 200 ema. […]

2 months ago 0 Read More

Daily Technical Analysis

AUDUSD – Consolidation on the 4 Hour Time Frame 11th June 2014

AUDUSD – Consolidation on the 4 Hour Time Frame 11th June 2014

AUDUSD on the 4hr time frame. Pair has broken above the channel and we are seeing inside bars after the breakout indicating more consolidation before any moves. I would not discount a retracement back down to test the channel. If the channel is tested and it holds convincingly, maybe giving us a pintail, I would expect this pair to move […]

3 months ago 0 Read More

Forex Economic Fundamentals

Euro Rallies post ECB Policy Decisions

Euro Rallies post ECB Policy Decisions

The euro dollar is seen bouncing up from earlier losses which is caused by the European Central bankers who have made the decision to cut rates further and roll out sub-zero interest rates. They are doing so because they see low inflation as a threat. With the ECB providing stimulus, it is seen as helping to help the global economy […]

3 months ago 1 Read More

Forex Articles

Trading Using 2 Accounts: The “Trading Plan” Account and the “Riskier Trades” Account

Trading Using 2 Accounts: The “Trading Plan” Account and the “Riskier Trades” Account

It could be said that perpetual trading just for the sake of trading is tantamount to gambling. No buts about it.  It’s just like throwing away your hard earned money at Marina Bay Sands. I am sure that is not what you intend to do with your trading account. You would want to grow your trading account to the size […]

6 months ago 0 Read More

ARDY’s WEEKLY FOREX ANALYSIS

ARDY’s WEEKLY FOREX ANALYSIS

Hi traders, I have stopped doing a Forex Report Analysis using pdf. However, I have replaced it with something much better. I have signed up as a PRO member at www.tradingview.com and posted the charts up on the site here. This section of the site is for followers of my Facebook fan page only. To gain access to this section […]

June 19, 2012 at 9:29 pm 2 comments

Gold Technical Analysis – Daily Time Frame 27th June 2014

Gold Technical Analysis – Daily Time Frame 27th June 2014

The yellow metal is challenging the down trend line at the moment on the daily time frame. Price has gone sideways and a close above the down trend line will take us to next resistance level in the form of the 61.8% Fibonacci level at 1335.4 Good thing for the bulls is that the price is above the 200 ema. […]

June 27, 2014 at 11:41 pm 0 comments

Silver – Close above 21 would target 22 next on the upside

Silver – Close above 21 would target 22 next on the upside

Looking at the silver chart above on the daily time frame, we can see that the metal has closed above the 200 ema for a couple of days. This is indeed looking good for the bulls and indicates a bullish resumption scenario in silver. On the topside, we have 22 as the next target and below 21 would see support […]

June 26, 2014 at 6:24 am 0 comments

EURUSD – Bears in Control: Pintail was just to Shake the Weak Bulls 11th June 2014

EURUSD – Bears in Control: Pintail was just to Shake the Weak Bulls 11th June 2014

EURUSD – On the daily time frame and it is clear that the bears are in control at the moment. The pin tail that we saw after the release of the news by ECB chief Draghi only goes to show a move by the market makers to shake off the weak bears. Right now, the market makers are slowly pushing […]

June 11, 2014 at 10:19 am 0 comments

Euro Rallies post ECB Policy Decisions

Euro Rallies post ECB Policy Decisions

The euro dollar is seen bouncing up from earlier losses which is caused by the European Central bankers who have made the decision to cut rates further and roll out sub-zero interest rates. They are doing so because they see low inflation as a threat. With the ECB providing stimulus, it is seen as helping to help the global economy […]

June 6, 2014 at 1:03 am 1 comment

Gold Technical Analysis

Gold Technical Analysis

Gold maintains its downtrend. After breaking below the holding triangle, price have proceeded lower. Next target lower is 1200. ~ Ardy  

June 4, 2014 at 4:37 pm 0 comments

Trading Using 2 Accounts: The “Trading Plan” Account and the “Riskier Trades” Account

Trading Using 2 Accounts: The “Trading Plan” Account and the “Riskier Trades” Account

It could be said that perpetual trading just for the sake of trading is tantamount to gambling. No buts about it.  It’s just like throwing away your hard earned money at Marina Bay Sands. I am sure that is not what you intend to do with your trading account. You would want to grow your trading account to the size […]

March 10, 2014 at 10:35 am 0 comments

Pound is up for more pounding this coming Week 24-28 Feb 2014 – GBPUSD, GBPAUD, GBPCAD, GBPCHF

Pound is up for more pounding this coming Week 24-28 Feb 2014 – GBPUSD, GBPAUD, GBPCAD, GBPCHF

Last week, we saw pound making a big push north wards before it met with some heavy selling that saw the currency make quite a number of pintail candlesticks on the daily time frame against the other currencies. To really understand what I am talking about here, lets look at the charts that I have prepared for all of you. […]

February 23, 2014 at 10:34 pm 2 comments

US January Non-fram Payrolls Rise 113k and Rate Falls to 6.6%

US January Non-fram Payrolls Rise 113k and Rate Falls to 6.6%

The latest NFP figures came in at 113K versus 75k  last month and worst than the 185k consensus. Participation rate fell to 66.3% from 66.4% We can conclude that it is a weak number but is is also something not totally unexpected as one Fed president did say that the number would have been impacted bythe weather and that factor will […]

February 7, 2014 at 9:54 pm 0 comments

USDJPY – Technical Analysis on the Weekly Time Frame

USDJPY – Technical Analysis on the Weekly Time Frame

USDJPY Forex Technical Analysis

January 31, 2014 at 12:05 pm 0 comments

All Time Forex Trading Strategies that you Can Use

All Time Forex Trading Strategies that you Can Use

1. We identify a buying opportunity as a pullback down to support when the market is an uptrend   The part where the price stops going down is called support. Lets make it simple and easy for all. Some people call it the demand zone. Either way, prices will bounce off that level. 2. We identify a selling opportunity as […]

January 31, 2014 at 10:46 am 1 comment
AUDUSD – Consolidation on the 4 Hour Time Frame 11th June 2014

AUDUSD – Consolidation on the 4 Hour Time Frame 11th June 2014

AUDUSD on the 4hr time frame. Pair has broken above the channel and we are seeing inside bars after
AUDUSD – Technical Analysis on 10th June 2014

AUDUSD – Technical Analysis on 10th June 2014

Hi traders, I am looking at the AUDUSD 4 hour chart and we can see that the pair is trying to break
AUDUSD Technical Analysis on 4th June 2014

AUDUSD Technical Analysis on 4th June 2014

  The Aussie dollar is currently in a consolidating pattern, unable to close convincingly below
NZDJPY Technical Update 4th June 2014

NZDJPY Technical Update 4th June 2014

  On the daily time frame the NZDJPY is near its lows. The uptrend is still intact hand has not
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