Trending Now
UK PM May Survived Leadership Challenge, Focus Turns to SNB and...
Risk sentiments are rather firm in Asian markets as major indices opened up and are extending gains. UK Prime Minister Theresa May's survival of...
USDJPY Returns Above Rising Trend Line And SMAs, Bullish Outlook Holds
USDJPY has been facing buying interest after the rebound on the 23.6% Fibonacci retracement level of the upleg from 104.60 to 114.55, around the...
EUR/GBP Remains In Uptrend Above 0.8940
Key Highlights
The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound.
There is a crucial bullish trend...
ECB Preview: Dovish Surprise Possible, But Draghi Likely To Leave His Options Open
Amidst the ongoing Brexit hullaballoo (latest headlines suggest Theresa May will survive her no confidence vote as we go to press), tomorrow’s ECB meeting...
No PM May’ Hem But Unfortunately No Brexit Catharsis Either
US markets
It was another volatile day for stocks, but markets remain buffeted by positive signs on U.S.-China trade. But its far to early to...
XAUUSD Intraday Analysis
XAUUSD (1244.77): Gold prices have turned flat following the strong rally to 1248 region. The support at 1242.25 is seen holding up for the...
GBPUSD Intraday Analysis
GBPUSD (1.2616): The GBPUSD currency managed to lift off the intraday lows and closed higher, just below the recently breached support level of 1.2683....
EURUSD Intraday Analysis
EURUSD (1.1365): The EURUSD currency pair was trading somewhat subdued after briefly attempting to rally during the day. Price action was seen once again...
Investors Look To SNB And ECB Meeting Today
Brexit hogged the limelight on Wednesday as British PM May faced a vote of no-confidence. Although there was a surprise in the decision, this...
Uneasy Calm After Theresa May Wins Confidence Votes
Sterling was volatile in overnight trading after Theresa May won a vote of confidence in Westminster. After the vote, sterling rose sharply but the...
Why Crypto Could Get Worse Before It Gets Better
This year has been tough for cryptocurrencies. Their market value has declined from more than $850 billion to less than $110 billion with leading...
China Speculated To Be Open To Changes To Its 2025 Plan
General Trend:
Property shares outperform in China and Hong Kong, add on to recent gains amid yuan strength
Chinese steel makers track strength in...
EUR/USD Bullish Reversal After Finishing Bearish ABC Zigzag
The EUR/USD could finally be ready for a new bullish ABC correction (blue) within wave Y (purple) if price manages to break above the...
USDJPY Returns Above Rising Trend Line And SMAs, Bullish Outlook Holds
USDJPY has been facing buying interest after the rebound on the 23.6% Fibonacci retracement level of the upleg from 104.60 to 114.55, around the...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1367
A new test of the 1.1300-1.1320 level is possible for the pair. The first resistance is at 1.1400 followed by 1.1450.
Resistance
Support
intraday
intraweek
intraday
intraweek
1.1350
1.1450
1.1300
1.1210
1.1400
1.1500
1.1260
1.0850
USD/JPY
Current...
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Will Europe’s Slowdown Restrain the ECB?
Executive Summary
After a standout performance in 2017, economic growth across the Eurozone has decelerated through 2018. Several individual economies saw real GDP contract in...
2019: The Year of the Deal
This past year saw the realization of a number of key risks. Tariff talk turned swiftly into action, as the U.S. administration taxed imports...
Brexit Monitor: Brexit Clash Postponed To January, At The Earliest
Today has been an eventful day. The day started with the ruling from the European Court of Justice confirming the UK can unilaterally revoke...
US: Economy Set To Remain Strong In 2019
GDP growth is set to remain above potential in 2019, as fiscal policy continues to be expansionary and optimism is high. The risk...
01 – Fundamental Analysis Overview
As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...
01 – Support and Resistance
For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession.
I know for me it was.
Although you will learn...
00 – Trading Psychology 101
Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...
00 – Risk Management 101
In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...
00 – A Beginner’s Guide to Fundamental Analysis
What is Fundamental Analysis?
Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...
00 – A Beginner’s Guide to Technical Analysis
Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...
01 – How to Start Trading in 4 Easy Steps
1. Register with OctaFX by opening an account
Having an account allows you to access your personal area on our website and to trade...
01 – How Does Forex Work?
How Does Forex Work?
Forex trading is the simultaneous buying of one currency and selling of another
These two currencies make up what is...
Five Factors that Drive FX Prices
1) Perceptions about the Future Path of Interest Rates
These are perhaps the most classical of all the drivers of Forex rates. Long-standing economic doctrines...
Exchange Rate on Forex
Exchange rate is one of the key concepts on Forex. Traders sell one currency, buy another and earn on the difference in rates. When...
The Trader’s Guide to Eurodollar
What is Eurodollar?
Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured...
Five Things to Consider When Choosing a Forex Broker
There is so much money being traded daily in the forex markets, making it one of the hottest investment opportunities around.
Because of this, the...
Currency Pairs: What Pairs Are Better for Trading on Forex
A lot of currency pairs are available for trading in the forex market. Each currency pair has its own characteristics, which should be taken...
Get to Know the Positive Aspects of Being a Forex Trader
Life as a forex trader is exhilarating and rewarding. In an exciting market, expert traders have to be goal-oriented, mentally sharp and emotionally intelligent. To reach trading goals, successful forex traders need to acquire optimal knowledge and a focused mindset. On a constant basis, traders have to practice analysis, strategizing and diligence. Eventually, this provides a positive and proactive way of thinking that is beneficial for both personal life and career goals.
How Long Will it Take Before I Can Expect Consistency?
We understand that this is a perfectly natural question, especially for newer traders. Unfortunately, it is difficult to answer. To a degree, we believe it depends on the person who is doing the asking. With that in mind, let's have a look at some of the key points relating to this subject…
Become a Successful and Balanced Trader with These 5 Trading Virtues
Get to know the trading virtues you need to develop for a successful trading career. Virtues are described as traits that revolve around moral...
Demo Trading vs. Live Trading
No matter how hard you try, it will be impossible for you to climb up the trading ladder until you've learned how to risk live money. Trading in the live market draws in psychological elements that are generally not experienced in a simulated environment. This, as you'll see throughout the article, is the key difference…
What Can We Learn from Successful Traders?
Although at times trading can seem like banging one’s head against a wall, there is light at the end of the tunnel.
There are traders...
Exploring the Trend Line
As humans we love to overcomplicate things!
While an elaborate trading strategy may impress your family and friends, it is unnecessary to succeed.
For those that...
Guide to Trading with Divergence: the Background
Divergence-based trading strategies are quite common and often used in tandem with trend following strategies. Perhaps one of the most commonly used technical indicator...
Identifying Trends: A Beginners’ Guide
In the early stages of trading, the identification of a trend emerges as a compass to the markets. We have all heard the phrases "the trend is your friend", "never go against the trend" and "trade with the trend". But, what is a trend and why is it so important? A trend is simply the prevailing direction of the market. It is the direction that future prices will most likely follow. So, the early identification of the trend is imperative in trading the financial markets. Whether it's going up, down or sideways, has to be determined before entering the market. Many trading systems have been developed with precise rules on when to open a trading position, exit a losing trade and of course lock potential profits. Trend identification is one of the cornerstones of successful trading
How to Use the ADX Indicator to Improve Your Trading?
The ADX or the Average Directional Index indicator is a handy tool that can help traders in a number of ways. For the most part, those who follow a trend trading strategy will discover that the ADX can be a useful addition. While traders often end up using two or more indicators that basically gives the same information making them redundant, the ADX indicator in fact compliments any other trend based indicators.
Identifying Correlations
Unless you intend on trading one market at a time, it is vital to understand how different instruments markets interact with one another. A correlation, in simple terms, describes how much (or how little) two markets move together over a period of time.