A look at the NZD/USD on the daily chart
A forex technical analysis of the nzd/usd on a forex blog.
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
5 Secrets of a Successful Forex Trader
This article lays down the 5 qualities or 5 secrets that make up the successful forex trader.
Euro breakout and heading higher to 1.345 level.
Good day traders! The chart below show the euro dollar trending up. The pair went lower early this week and has since went above its last high of around a.332. Above here the pair can be seen targeting the resistance level 1.345. I will be watching this pair closely as it goes higher and I would
Forex Trading near Christmas can be Risky
The reason why I came up with this post is because I want to remind myself as well as you guys out there thattrading in "thin" markets with lesser volume than usual can be very risky when you are at the wrong spectrum of the trade. Just look at the chart below. Its a 70
Trading around Pivot Points
Lets start by look at a scalping trade that I have taken today. It is a trade that was taken near a pivot point and it concerns the euro dollar pair. Lets bring up the charts. Forex Trading with Ardy Series Looking at the 5 minute chart above, you can see that the
When you see a Double Top and a Lower High, Short!
This post is a reminder to all of us trading the forex market. Here is the reminder: Do not look for complex systems to trade the market. Look for simple and proven signals that is timeless and can give you the 90 percent chance of success when you trade based on those signals. These signals
What to do When you Feel Lost in the Forex Maze
What would you do if you ever feel lost while trading forex? This is something that all traders would face as they manouver the forex market. How would anyone ever get lost in the forex market? Well, it is a feeling you get when after looking through the charts, you still don't know where the
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
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