Recent content by FCMForex

EUR/USD Long term Outlook After a short rally against US Dollar, today’s daily chart again shows a flat start after facing resistance at 1.08805. As FED has cleared the doubts regarding the interest rates, pushing the likelihood for first rate hike in October or December. Further, some major...

AUDUSD Could Jump Another Leg Up AUDUSD Could Jump Another Leg Up The Australian dollar jumped this morning to cap at 0.7833, near the March highs. The forex pair is one step away to create a bullish “failure swing” pattern by breaching upper limit at 0.7833, which would increase bullish...

The USDCAD could be on a reversal creation pattern in the recent trading sessions. The currency pair found support at 1.2346 and extended in sideways between 1.2595/1.2346 zone. As we can see at the lower timeframe there is a possible “failure swing” pattern. Prices found support at the 38.2%...

We can say there motives are same to earn profits, but the main thing which makes major differences are as follows :- (i)Trader knows that profits often take time. A gambler is in it for quick bucks. (ii)Trader knows that the trading is bit boring, and repetitive. A gambler is caught up in...

Aussie Drops to Record Fresh Lows as RBA Cuts Benchmark Rate The Reserve Bank of Australia decided yesterday to cut the cash rate from 2.50% to 2.25%. The 25 basis points reduction was a surprise for the market participants who have been expecting no change. The monetary statement by Governor...

Over trading can lead to substantial losses when the market is not clear enough. There is no “right” or "wrong" amount of trades to be made on one particular day, week or month. I guess that depends on an Individual trader and the method they are following. Traders make this mistake when they...

Busy week Ahead, Investors' Eyes Look at Non Farm Payrolls Early today the Chinese Manufacturing PMI released lower than projected adding pressure on the investors risk appetite. That pushed Asian indices lower with NIKKEI 225 falling by 0.66% and the Shanghai composite declining by 2.56%. The...

Correction Expected in EURUSD Euro may move upward against USD after producing a bullish Morning Star. Near-term resistance is at 1.14428. Alternatively, a turn below 1.1206 clears the way for a test of 1.1074. We expect correction on the upcoming EURUSD strength. Every upside momentum may be...

Does the AUDUSD Gets Set for a Correction? The Aussie against the US dollar found support at a five and a half year bottom at 0.7724 with the bearish bias proving long lasting. The falling trend lines indicate the prevailing directions in the price chart but that does not warrant future...

Read the latest forecasts for AUD to Dollar trend and stay updated regarding AUDUSD trading. :smart:

Can Gold Revive Its Bullish Sentiment ? The Gold metal advanced to cap at $1306.67 the previous week and yesterday declined to support at 1252.06. The precious metal is in an uptrend as indicated by the rising trend line. Moreover, we see that the Gold found support at the 20 Simple Moving...

Read the latest forecasts for XAUUSD trend and stay updated on GOLD bullish or bearish Momentum. :smart:

US GDP Data Ahead, USDJPY Gets Tighter, GBPUSD Confirmed Our Expectations The British pound against the greenback achieved lower territory as we have been previously expected, despite that the CBI Realized Sales were stronger than expected. The US Jobless Claims were released at 265K lower than...

Read the latest forecasts for USDJPY trend and stay updated. :smart:

Can the AUDJPY push lower then 92.02 ? The Australian dollar against the Japanese Yen found a key support level at 92.02. As we can see at the chart the currency pair entered a downtrend phase indicated by the falling trend line. Moving Averages are above prices adding weight on the currency...