Forex Academy Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

May 22nd, 2019 @ 4:51 am by Muhammad Azeem

Click here to read the full article.

With a strong sideways market, the price of USDCHF Spot Forex pair is moving nowhere. Price action is stepping down and stepping up and Forex traders could easily notice that price action is printing up and down swings. Strong key resistance level is present at 1.0119 price level and strong key support level is present at 1.0079, based on most recent swing high and swing low in 15 minutes time frame of USDCHF.

 

On Tuesday in Swiss Franc, there was no important news event declaration. Technically; sideways prices could easily move out of the range trading environment in USDCHF. With reference to the sideways trend, traders should consider no sell and no buy trades. However; a clear bullish break out in price action above 1.0119 resistance area or a bearish break down in price action below 1.0079 support area will kick start the new trend. So, based on today’s market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.

USDCHF Forex Analysis

Click here to read the full article.

May 22nd, 2019 @ 4:50 am by Muhammad Azeem

Click here to read the full article.

The price action of USDJPY pair has been trading with a bullish bias inside fifteen minutes chart and the up trend looks good. Price action is stepping up, and bullish trend looks strong. Key support level is present at 110.33 price area, based on most recent swing low in 15 minutes chart of USDJPY.

 

For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bullish trend could move price towards next resistance target at 110.70 with reference to the up trend, Forex traders should consider only buy trades. However; price could breaks and closes a bearish candlestick below 110.33 important support level and this will end the bullish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in 15 minutes time frame.

USDJPY Forex Analysis

Click here to read the full article.

May 22nd, 2019 @ 4:49 am by Muhammad Azeem

Click here to read the full article.

Intraday bias in GBP/USD remains on the downside for the moment in 15 minutes time frame. Price action is falling down and stepping lower and Forex traders could easily notice that market is printing lower swing highs and lower swing lows. Vital area for sellers present at 1.2734, based on most recent swing high in fifteen minutes chart of GBPUSD.

 

No news came out on Tuesday for the GBP. Technically; bearish trend could take price action towards next support target at 1.2685. As the trend is still bearish, Forex traders should consider only short trades and no trade against the current GBPUSD bearish trend. However; a clear bullish break out in price action above 1.2734 vital resistance area will end the bearish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.

GBPUSD Forex Analysis

Click here to read the full article.

May 22nd, 2019 @ 4:48 am by Muhammad Azeem

Click here to read the full article.

Trend is down in EURUSD fifteen minutes chart. Key resistance level is present at 1.1187 price area, based on most recent swing high in 15 minutes time frame of EURUSD. EURUSD did show weak bearish move in the previous session and it remains stable below 1.1187.Thus, no change to the down trend environment as price action stays below 1.1187 resistance area, while its next main target located at 1.1140 price level which is a round number.

 

Based on technical and fundamental analysis, price of EURUSD is most likely going to drop more and currency traders should consider taking a possible sell trading chance to join down trend. There was no major news announcement for the Euro on Tuesday. However; a clear bullish break out in price action above 1.1187 critical resistance area will end the down trend. In such a market scenario, it would be best not to trade EURUSD and re-analyze the 15 minutes chart price action.

EURUSD Forex Analysis

Click here to read the full article.

May 21st, 2019 @ 2:22 pm by Muhammad Azeem

Click here to read the full article.

Trend is down in EURUSD fifteen minutes chart. Key resistance level is present at 1.1178 price area, based on most recent swing high in 15 minutes time frame of EURUSD. EURUSD pair did show strong bearish move in the previous session and it remains stable below 1.1178, thus, no change to the down trend environment as price action stays below 1.1178 resistance area, while its next main targets located at 1.1150 price level which is a round number.

 

Based on technical and fundamental analysis, price of EURUSD is most likely going to drop more and currency traders should consider taking a possible sell trading chance to join down trend. There was no major news announcement for the Euro on Monday. However; a clear bullish break out in price action above 1.1178 critical resistance area will end the down trend. In such a market scenario, it would be best not to trade EURUSD and re-analyze the 15 minutes chart price action.

EURUSD Forex Analysis

Click here to read the full article.

May 21st, 2019 @ 2:22 pm by Muhammad Azeem

Click here to read the full article.

Intraday bias in GBP/USD remains on the downside for the moment in 15 minutes time frame. Price action is falling down and stepping lower and Forex traders could easily notice that market is printing lower swing highs and lower swing lows. Vital area for sellers present at 1.2759, based on most recent swing high in fifteen minutes chart of GBPUSD.

 

No news came out on Monday for the GBP. Technically; bearish trend could take price action towards next support target at 1.2710. As the trend is still bearish, Forex traders should consider only short trades and no trade against the current GBPUSD bearish trend. However; a clear bullish break out in price action above 1.2759 vital resistance area will end the bearish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.

GBPUSD Forex Analysis

Click here to read the full article.

May 21st, 2019 @ 2:22 pm by Muhammad Azeem

Click here to read the full article.

The price action of USDJPY pair has been trading with a bullish bias inside fifteen minutes chart and the up trend looks good. Price action is stepping up, and bullish trend looks strong. Key support level is present at 110.01 price area, based on most recent swing low in 15 minutes chart of USDJPY.

 

For the Japanese Yen on Monday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bullish trend could move price towards next resistance target at 110.35 with reference to the up trend, Forex traders should consider only buy trades. However; price could breaks and closes a bearish candlestick below 110.01 important support level and this will end the bullish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in 15 minutes time frame.

USDJPY Forex Analysis

Click here to read the full article.

May 21st, 2019 @ 2:22 pm by Muhammad Azeem

Click here to read the full article.

With a weak momentum, the price of USDCHF Spot Forex pair is moving down. Price action is stepping down and Forex traders could easily notice that price action is printing lower swing highs and lower swing lows. Strong key resistance level is present at 1.0098 price level, based on most recent swing high in 15 minutes time frame of USDCHF.

 

On Monday in Swiss Franc, there was no important news event declaration. Technically; bearish prices could easily move USDCHF towards next support target at 1.0078. With reference to the weak down trend, traders should consider only sell trades and no trade against bearish momentum of USDCHF. However; a clear bullish break out in price action above 1.0098 strong key resistance area will end downward momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.

USDCHF Forex Analysis

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory