Submitted Jul 25, 2012|From forex-fx-4x.com

he NZDUSD technical outlook has been bearish since the bounce from resistance around the 0.8080 area, a level which was also the 61.8% Fibonacci retrace of the last wave higher. The “risk aversion” market sentiment seen over recent trading sessions ...

Submitted Jul 22, 2012|From forex-fx-4x.com

The US dollar index gave a strong move to the upside on Friday (+0.71%) and ended the recent corrective consolidation move lower. Price moved as low as the daily 20 period SMA (simple moving average) which was pierced during trading on Thursday ...

Submitted Jul 21, 2012|From forex-fx-4x.com

Negative sentiment dominated during the end-of-week trading as the EURUSD currency rate dropped to a low of $1.2143 on Friday. This came as Spain’s financially challenged Valencia region requested government aid. There are now elevated concerns that ...

Submitted Jul 16, 2012|From forex-fx-4x.com

USD bears pushed the dollar lower on Monday after an earlier rally had the dollar index trading near recent range highs. Price hit resistance around the 83.50 area previous swing high and subsequently dropped near a three-day low. The USDX has ...

Submitted Jul 4, 2012|From forex-fx-4x.com

•The USD/JPY is trading in a narrow consolidation range, ahead of the rate announcements from the ECB and BOE due 5th July, and the NFP report (US Nonfarm payroll) due this Friday. •An inside day has formed as Americans celebrated Independence day ...

Submitted Jun 24, 2012|From forex-fx-4x.com

The USD/JPY has seen a strong move back up to the 80.50 area price pivot after closing above the 80.00 handle on Friday. A lower high has now been printed just above the 78.50 area which coincided with a near perfect retest of the down sloping trend ...

Submitted Jun 23, 2012|From forex-fx-4x.com

A busy week in the euro-zone and world markets had market participants running for cover and pushed the key EUR/USD currency pair lower during the later part of the week. This was in sharp contrast to the sentiment as the week opened as the Greek ...

Submitted Jun 17, 2012|From forex-fx-4x.com|4 comments

The USDX (dollar index futures chart shown below) has continued its move to the downside; the $83.67 high following the bearish engulfing candle has seen a near-term high for the dollar index. Price is now trading close to the 38.2% Fibonacci ...

Submitted Jun 14, 2012|From forex-fx-4x.com

The AUD/USD currency pair is currently consolidating gains around the parity level. Price has bounced lower from this area on three recent occasions and each time a higher low has formed thus creating an ascending triangle. Parity is found when a ...

Submitted Jun 10, 2012|From forex-fx-4x.com

The dollar index closed the week down around half a percent lower than the weekly open. The USDX is yet to move above the bearish engulfing candle/bearish outside day we highlighted in the last update. Price could not get quite as low as the ...

Submitted Jun 10, 2012|From forex-fx-4x.com|2 comments

A lack of risk appetite in the market has the EUR/USD moving lower during recent times, when risk appetite returns then the EURUSD moves higher. This has been the market reaction over for quite some time now and looks set to continue. Everything ...

Submitted May 29, 2012|From forex-fx-4x.com

What Is An Automated Forex Strategy? - This article looks at some of the basic elements of auto trading. Automated Forex strategies come in many forms but most people are referring to “expert advisers,” or EAs which run on the Metatrader platform. ...

Submitted May 26, 2012|From forex-fx-4x.com

The dollar index has this week broken above key 81.79 area resistance and negated the potential double top scenario. Price has now made made a higher low around 81.00. As long as USDX trades above the 81.79 area our bias remains to the upside. If ...