You are here:-Tag: forex trading blog

Ardy’s Daily Forex Analysis 12th Feb 2014 – EURUSD, GBPUSD and USDJPY

Going through the 3 major pairs again today to see whether there are trading opportunities. First up is the EURUSD.   The euro dollar has fallen to the bears today. Yesterday's close saw a pin tail being formed just below the down trend line that has been drawn. The pair fell to 1.3558 from a

By |2015-04-28T17:12:30+08:00February 13th, 2014|Categories: Daily Technical Strategy|Tags: , , |0 Comments

USD/JPY breakout on the monthly chart signals a possible retracement from 81.4 to 87.0 in a few months.

Good day traders! The chart below shows us that pair has succeeded in breaking through its down trend line on the monthly chart. It may signal further upside to the 87 region which happens to be the 23.6% Fibonacci retracement. If you are thinking of taking a longer term trade with a good profit loss

The Dangers of Over Trading

Most traders know that over trading is a dangerous thing. It is something that most people would want to avoid but just can't come to resist. The question is "Why do traders over trade and when do they have a much higher propensity to over trade?" I believe one of the things why traders over

Forex Trading: Dollar Index Chart Tool

Good day traders! In forex trading, it would be good if you take note of the trends in the US Dollar index Most of the major cuurency pairs are traded against the US dollar. What happens in the US will impact on the US dollar and hence the other major currency pairs. Happenings around the

By |2017-01-01T13:01:25+08:00December 14th, 2010|Categories: US Dollar Index|Tags: , , , , |0 Comments

Forex Trading: The Impotent Doji on USD/JPY

Good day traders! Took a trade today based on candlestick reversal signal, a bearish looking doji on the H4 of the USD/JPY chart was spotted. Clapped my hands with glee thinking that this is a no brainer trade that will make me some yummy pips. The failed doji on dollar yen trade This

By |2017-01-01T13:01:29+08:00November 11th, 2010|Categories: Daily Technical Strategy, YEN Crosses|Tags: , , , |0 Comments