The price and market in forex trading are always changing. We can’t predict what will happen next. The price that seems stable could be down to the lowest point in an instant. Having a deep knowledge about chart patterns and technical indicators is essential in forex trading.
Technical Analysis and Forex tips 26 May 2016 that covers latest market news and daily shares trading signals from experts of the field. Take after the day by day specialized investigations to get an edge in trading in forex.
EUR/USD Intraday: caution
Our preference for short positions below 1.1190 with targets at 1.1145 & 1.1125 in extension. Alternative scenario is above 1.1190 look for further upside with 1.1230 & 1.1260 as targets.
Prices in sugar futures contracts continued to rise, while at the same time CoT report shows a remarkable positioning among speculators and producers. Sugar futures have staged an impressive rally this year, gaining 16.60% on a year to date basis. On Friday, 20th May, sugar futures closed at $17.07, closing at a 15-month high. Prices briefly tested $17.29, marking a 16-month high before retreating.
Despite the popular belief, there are very few traders who really know how to read forex charts. Sure, plenty of people know how to interpret them, and those who do not can always rely on someone else crunching their numbers for them – at their own peril, of course.However, forex charts analysis is not something that should be left to other people.
Technical Analysis and Forex tips 17 May 2016 that covers latest market news and daily trading signals from experts of the field for US Dollar, Euro, Japanese Yen, British Pound Sterling. Read real time technical analysis overview and Forex signals for the major currency pairs.
EUR/USD Intraday: rebound
Our preference for long positions above 1.1300 with targets at 1.1365 & 1.1390 in extension. Alternative scenario is below 1.1300 look for further downside with 1.1280 & 1.1245 as targets.
Daily Technical Analysis, Market Analysis and Forex tips 16 May 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar
EUR/USD Intraday: key resistance at 1.1365
Our preference for short positions below 1.1365 with targets at 1.1280 & 1.1245 in extension. Alternative scenario is above 1.1365 look for further upside with 1.1390 & 1.1415 as targets.