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Forex

FOREX. The “5-trillion-a-day“ market. This is the place to be, if you are wondering who is going to win or lose the currency war between the central banks worldwide. However, bankers can not brake the rules by which the market is flowing. They can only obey the laws of mass psychology.

USDCHF Inspires a Better Idea Now

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Just two days ago, on Monday, while USDCHF was trading around 0.9785, we published “USDCHF Is Not The Pair to Buy Right Now”, citing that it “could be expected to continue to the south from now on”. Today, because of Trump’s victory or not, the exchange rate plunged to 0.9549. So far, so good. The […]

USDJPY and the Sudden Bullslaughter

usdjpy-4h-31-10-16

Last Friday, October 28th, USDJPY rose to a high of 105.53, but eventually closed the week at 104.71. The trend was clearly up since the end of September and Friday’s dip was probably embraced by the bulls as another buying opportunity. Unfortunately for them, 105.53 turned out to be a major top. Instead of continuing to […]

Not the Time to Join the Bears in GBPCAD

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The Pound Sterling has been the biggest loser among all other major currencies in 2016, so it no surprise it has falling sharply against the Canadian dollar, as well. GBPCAD was hovering close to 2.1000 in August, 2015, but after a series of crashes and selloffs it is currently trading below 1.6300. However, selling just because […]

USDCAD’s Elliott Wave “Road Map”

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USDCAD has been rather boring recently. The pair has been moving sideways for several months now, locked between 1.3250 and 1.2660 since May. Such behavior could easily annoy traders, who are waiting for a clear trend to join. Boring or annoying, however, does not mean that USDCAD has been unpredictable. The following chart first emerged […]

Who Saw USDJPY’s Crash Coming?

usdjpy 4h sept 5

Last week, the USDJPY pair opened at 102.02 and undertook an impressive rally to 104.31, before settling at 104.01 for the weekend. After such an impressive bullish run, it is quite normal to expect that the uptrend is going to continue. But since Monday, September 5th, USDJPY has been nothing more than a disappointment. The […]

Foreseeing A Broken Trend Line in USDJPY

usdjpy 4h 22.8.16

At the start of last week USDJPY was trading slightly above the 100.00 mark after falling from as high as 107.49 in mid-July. Usually, staying with the trend is a profitable approach, so basically, joining the bears would have made sense to most analysts. Usually, however, does not mean always, because no trend lasts forever. […]