October 2013 - ForexAbode.com.


October 30, 2013 10:52 am GMT+0  in Forex Analysis

Looking to set EURUSD longs in the 1.3650 zone if we see buying there at support for a run to 1.4000 zone and subject to the dollar index action following FOMC today. GBPUSD – Bearish below 1.600 for a trip back to 1.5750. USDJPY in a range here while traders wait for the market to […]

Has the Euro slide against the US Dollar started?

October 29, 2013 1:28 pm GMT+0  in Forex Articles

Last Thursday the US dollar fell to a two-year low against the Euro on growing expectations that the US Federal Reserve will continue bond purchases next year and that there will be no tapering in 2013. However, recent European data has been weak with European growth figures, unemployment and European PMI figures weaker than expected […]

Finding the True Trend Line

October 27, 2013 9:05 pm GMT+0  in Forex Articles

Many traders fail at one of the most simple things to do when starting to chart a financial product (currency pair, equity, indices, etc). The old saying that the most difficult situations are coming out of the most simple setups seems to be true in this case as well. Drawing a trend line is something […]

Large Forex Speculators cut US Dollar bullish bets to 7-month low on Oct 1st

October 26, 2013 3:08 pm GMT+0  in Forex Analysis

By CountingPips.com The weekly Commitments of Traders (COT) report, not published for close to a month due to the partial US government shutdown, was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures traders & speculators continued to decrease their bullish bets of the US dollar for a third […]

Sterling looking rather over-stretched against the US Dollar

October 25, 2013 12:58 pm GMT+0  in Forex Articles

Sterling’s recent strength against the US dollar has been baffling. With the pound currently trading slightly above 1.62 USD, this is making UK exports even more uncompetitive and making it much harder for the UK to sell goods abroad. Goods in the US are generally far more competitively priced, some items at least 30 per […]

Forex Strategies: Playing Market Expectations Against Economic Reality

October 23, 2013 5:37 pm GMT+0  in Forex Articles

One of the most important question that new traders should be seeking to answer is this:  What moves market prices, and how can we anticipate these price changes in advance?  “On the surface, this might seem like an impossibly question to answer — and, to some extent, it is,” said Rick Bartlett, currency analyst at […]

Forex Education: What are the Advantages of Technical Analysis?

October 23, 2013 5:34 pm GMT+0  in Forex Articles

Since Forex technical analysis focuses on the changes that are seen in various price movements, it can be said that technical forex trading boils down the process of investment into its simplest form.  “If price activity meets the definition of what makes a trend or potential reversal technical analysis in Forex trading can give traders […]

Forex Weekly Update: US Dollar dropped across the board to Major Currencies

October 21, 2013 12:58 am GMT+0  in Forex Analysis

US Dollar drops on Debt Ceiling Agreement –  Government Jobs Report to come on Tuesday Euro at 8 month high vs USD The US dollar was on the defensive across the board last week against the other major currencies in forex market trading as, after much drama, the US government debt crisis was resolved in […]

AUD/JPY – On It’s Way To 100?

October 20, 2013 12:45 am GMT+0  in Chart Alert

AUD/JPY’s strong uptrend from 74.47 to 105.43 had to have some consolidation. Such a big upward move would naturally call for a 61.8% retracement. Can we say that the correction or consolidation is over and the pair should now hit the century again? AUD/JPY after 61.8% retracement The break over 94.44 suggests that the pair […]

Aussie – The Artistic Currency

October 19, 2013 10:39 am GMT+0  in Chart Alert

Many currencies have nick names which are commonly known. My personal nick name which I use privately for the Australian dollar is “The Artistic Currency”. Artists are supposed to be a bit more sentimental and emotional and yes, our Aussie reacts very fast to even a slight change is the sentiments about the global economy. […]

GBP/USD Near The Failure Line ?

October 19, 2013 2:56 am GMT+0  in Chart Alert

Recently GBP/USD has been indicating a bullish outlook all through. However the upward moves which had started from the low of 1.4813 has clearly lost the momentum. Though it may seem to be repetition of what we have been saying for past some months but it is always better to repeat and remember than to […]

Some of The Important Factors While Choosing a Forex Broker

October 15, 2013 5:21 pm GMT+0  in Forex Articles

Those getting started in the world of forex will have many tasks ahead when looking at the various strategies in learning how to trade in the forex markets.  But the first task (and one of the most important) is to settle on your forex broker.  This is essentially the company that will give you access […]