Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.

EUR/USD: Fed’s Rhetoric Becomes More Hawkish

Technical Analysis
GROWTHACES.COM Forex Trading Strategies Trading Postions EUR/USD trading strategy: long at 1.1285, target 1.1500, stop-loss 1.1180 GBP/USD trading strategy: long at 1.5280, target 1.5480, stop-loss 1.5185 AUD/USD trading strategy: long at 0.7780, target 0.7930, stop-loss 0.7710 EUR/JPY trading strategy: long at 134.10, target 137.00, stop-loss 134.10 AUD/NZD trading strategy: short at 1.0610, target 1.0380, stop-loss 1.0540 Pending Orders EUR/CHF trading strategy: buy at 1.0400, target 1.0700, stop-loss 1.0345, risk factor * NZD/USD trading strategy: buy at 0.7340, target 0.7660, stop-loss 0.7270, risk factor ** EUR/USD: Fed’s Rhetoric Becomes More Hawkish (stay long) San Francisco Federal Reserve Bank President John Williams (voting, dovish) said the time

GBP/USD: Waiting For Thursday’s BOE Inflation Report

Technical Analysis
GROWTHACES.COM Forex Trading Strategies Trading Postions EUR/USD trading strategy: long at 1.1285, target 1.1500, stop-loss 1.1180 GBP/USD trading strategy: long at 1.5280, target 1.5480, stop-loss 1.5185 AUD/USD trading strategy: long at 0.7780, target 0.7930, stop-loss 0.7710 EUR/JPY trading strategy: long at 134.10, target 137.00, stop-loss 133.10 AUD/NZD trading strategy: short at 1.0610, target 1.0440, stop-loss 1.0570 Pending Orders EUR/CHF trading strategy: buy at 1.0400, target 1.0700, stop-loss 1.0345, risk factor * EUR/USD: Investors Are Watching Greek Soap Opera (we stay long) The Fed’s hikes in the middle of the year are still highly uncertain especially given strong USD and more dovish FOMC composition this year than it was in 2014. Federal Rese
Weekly Currency Index Technical Analysis – 9 February

Weekly Currency Index Technical Analysis – 9 February

Technical Analysis
Currency Index Notes There was not much of a follow up from last week's analysis. Our only recommendation was to look for long positions in EURNZD on a dip. Looking back at last week's price action, we do however notice that there hasn't been any significant change to EURNZD price action. Australian Dollar Index: The Aussie Dollar is up 0.19% for the month and week, while closing 0.65% higher for Friday We notice a consolidation near the lower trend line of the price channel When using the RSI, there is a clear bullish divergence with RSI printing a lower higher low while AUD prints a lower low This indicates a short term move to the upside and the most likely rally towards the broken support/resistance level at 1.54 - 1.53 We need to see a H4 or preferably daily close abov...
Weekly Currency Index Technical Analysis – 2 February

Weekly Currency Index Technical Analysis – 2 February

Technical Analysis
Currency Index Notes With no trades from last week's analysis, this week we get some new trades with some good potential after having readjusted the analysis across most of the currency indices AUDLFX: Within the down sloping larger price channel, the major support at 1.54 - 1.53 was broken last week Next major support comes in at 1.40 Friday's candle closed as a spinning doji indicating indecision Price could either head back to 1.54 - 1.53 or continue to drop Conclusion: Our best case scenario is to look for AUD shorts after the retracement to 1.54 - 1.53 is completed. Stay aside AUD until we get further clues this week. CADLFX: Price broke down from the support level at 1.59 and promptly stalled near the lower support line of the price channel We could expe...
Weekly Currency Index Technical Analysis – 26 January

Weekly Currency Index Technical Analysis – 26 January

Technical Analysis
Currency Index Notes From last week's analysis, our recommendation to short NZDJPY resulted in a clear profit, while USDJPY was ranging for most part. AUDLFX: The weekly bearish flag was indeed validated and price reached its target Friday's close coincides with the lower support line of the falling price channel We could therefore see a minor bounce from here. It is unsure whether we will a rally or if price will break down from the price channel Note the confluence of the price channel's support line and a horizontal support level Daily charts indicate a possible retracement to 1.534 Conclusion: Look to the daily charts after Monday for signs of continued bearish momentum in AUD pairs. CADLFX: The break out from the rising trend line has been rapid with week...