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Canadian Dollar Remains Weak Versus the Yen Despite BOC Rate Hike By:-Ron Acoba
Good day FX peeps! To cap the week I present to you an update of the CADJPY. You see, the pair has consolidated within a small symmetrical triangle after it broke down from a bigger descending triangle formation. As of the moment, the pair is already nearing the apex of symmetrical triangle. This suggests that a break out whether to the upside or to the downside is imminent. But given the pair’s general trend (downtrend) and its recent break down from a descending triangle formation, I can say that it has a higher chance of moving south than north. Even it breaks the resistance of the small triangle, a solid resistance is still present at the 82.00 marker which incidentally is also the former support of the previous descending triangle to push back down. In any case, a move below the support of the present triangle could send it back to the previous low at 78.41. A move above the 82.00 level, on the other hand, could change the pair’s course to at least sideways.

Japanese Yen Aiming for the All-Time High By:-Ron Acoba
Good day ladies and gents. Well, it’s been a pleasant couple of months or even years for the Japanese yen bulls. As you can see, the USDJPY has sunk for 4 consecutive months in a row! It’s actually been on a downward slope since the last quarter of 2007! Nice. You see, the pair was running at a high of 124.16 back in 2007. Today, it touched a low of 83.59. That’s a gain of more than 4,000 pips in just three years for the yen over the greenback! The yen bulls would be celebrating with their sakes up high by now. Kombei! Still, things look even rosier for them as the USDJPY is poised for another drop. Just recently, the pair has fallen below it’s 2009 low. Given this, the next support that I see from the technical side of things is its previous low at 80.43 which was set way back in April 1995. If the yen continues to move up over the USD, then the pair would more likely revisit the mentioned all-time low.

Are the Dollar and Euro to be Dance Partners in Lieu of Domestic Growth? By:-Ron Acoba
Pick your movie metaphor, but it appears that the U.S. Dollar and the Euro are entwined in their own version of the “Last Tango in Paris”, where neither is sure where the relationship will head, but time marches on. Ever since the Greek debt crisis hit the global stage in May, markets have been in turmoil, until finally resuming something short of normalcy in the past few weeks. Volatility has subsided. Fundamentals seem to mean something once again, but uncertainty still hangs like a foreboding cloud over the horizon.

Searching For The Best Forex Brokers - AvaFX Review By:-Leo L
The start of any AvaFX review should acknowledge the professional image that this broker presents. From an initial glance at its website through to the products and services on offer Avafx shows an uncommon commitment to quality.

Why You Need To Select a Forex Broker Who Is Regulated For Your Forex Trading By:-Leo L
Finding the ideal Forex broker is a tricky decision. Among the regular list of things compared when picking a Forex broker such as sign up offers, spreads, leverage and the trading platform, discovering a Forex broker best regulated for your currency trading should be among one of your primary activities.

EURO Breaks Out! But to the Downside! – August 24, 2010 By:-Ron Acoba
Good day FX friends! Here’s an update on the EURUSD which I posted last August 17 (please see my previous blog here). In that post, I mentioned the possibility of the euro breaking out to the upside. It turns out that I was wrong as the EUR, instead of moving north, slid and broke down. As you can see from its chart, it appears that the euro’s recent rally over the greenback is over. After breaking out from an inverted head and shoulders pattern, the fiber or the EURUSD pair managed to achieve its minimum target and more. It then continued to rise and it even marked a new 3-month high at 1.3334 before dipping again. After its drastic slide from its 3-month high I though that it would reverse and turn up as suggested by what appeared to be another inverted head and shoulders. However, a break out from this pattern did not materialize. Its price then formed a head and shoulders (bearish and not to be mistaken with the inverted version) pattern. Its price action during the first days of this week proved costly as it pierced through and below its uptrend line and the formation’s neckline. Given this, the pair could now fall all the way to the 1.2150 area. Even if it rallies, the head and shoulders neckline at 1.2750 would prevent it from rising any further.

Some Important Facts About Genuine Online Foreign Exchange By:-Janen Slaughter
If you are someone who is interested in overseas business, an investor who is investing on international companies, or involved at the aspect of investment on those companies, then I m sure you have drawn some amount of time testing to find a genuine online forex trading company. This article will centre on online forex trading, its background, and importance. Hence you might be able to learn a thing or two when it comes to genuine online forex dealing that you would be capable to use to your advantage.

EURO Soared Over the US Dollar On Dismal NFP Result – August 6, 2010 By:-Ron Acoba
Hello forex peeps! On today’s fx feature is the 4-hour chart of the fiber or the EURUSD pair. In my previous post about it (please see it here) last August 3, I mentioned that as long as its uptrend holds, it would continue to move higher… and it did. As you can see, the pair had consolidated into a symmetrical triangle after reaching a high of 1.3262 on August 3. It then broke out to the upside after finding support at the uptrend line. The presence of a hidden bullish divergence (where the price moves higher and the stochastics moves lower) and its oversold condition when it fell back to the uptrend support could have also led the investors to buy up the euro in exchange of the USD. Still, the pair is facing some heavy selling pressure at 1.3300. Given this, it might a harder time in moving above the mentioned level. It would more likely consolidate again or even retrace before it shoots up again. A break, however, of the uptrend line could push the EURUSD back to 1.3100. But since it is on an uptrend, a move higher is more likely to take place.

Be able to Trade Forex These days and Become a Millionaire Tomorrow By:-Joseph Lester
Forex dealing, or foreign exchange trading, is one of the most popular a concepts in the business world today. It allows business organisations to function on an international basis as it eradicates the restrictions caused by several countries making different currencies. Numerous experts agree that forex market is wide than any stock market and has more liquidity.

The easiest method to Learn Forex By:-Joseph Lester
Forex trading, or foreign exchange trading, is one of the most standard a conceptions in the business world today. It allows businesses to operate on an international basis as it eliminates the restrictions caused by several countries making different currencies. Many experts agree that forex market is bigger than any stock market and has more liquidity.

The Benefits of Using a Forex trading Managed Account By:-Joseph Lester
Forex, short for Foreign Exchange, is where one state s currency is changed for that of some other. With over $1.9 trillion being converted daily, the Forex market is currently the globe s largest financial market and therefore very appealing to investors.

Critical Time For the Euro Tonight – July 30, 2010 By:-Ron Acoba
Good day forex fans! Here’s a closer look on the EURUSD pair. Actually, the pair has continued to rise and has even broken the 1.3000 resistance. Back in my last post about it back in July 26 (kindly see it here), I mentioned that a break above 1.300 could propel it further north. Well, the pair has risen for awhile and even touched the 1.3100 level briefly. Though, it has retraced back around 1.3000 again. At present, the pair is just trading above the mentioned level which consequently is where the uptrend line lies. Now, it becomes more crucial since a break of the uptrend line could send it down to 1.2800 or even at 1.2700. But if the 1.3000 support and the uptrend line holds, the pair could be on north bound once again.

Dominating Forex Trades: The Inevitable Put Into Perspective By:-Eric Kidder
Not many traders develop a contingency plan for success. Who’s really worried about doing too well? However, a long string of successes is when you are typically the most vulnerable.

Sifting Through Forex Trading Software Reviews By:-Martin Dan Martin Dan
Choosing from the myriad of forex trading software reviews that are available in the market today can be a feat. This is especially true if you have relied on persistent and meticulous research yourself and your gut for years. Having a forex trading software on your tool belt can really be helpful. Sometimes though, you can be easily fooled by marketing schemes by forex trading software. This is where reliable forex software reviews come in. Unlike company-commissioned forex trading software reviews, genuine forex trading software reviews provide more than the staple praises and positive feedbacks for a forex trading software. Sometimes these forex trading software reviews are so well packaged and adeptly worded that a novice can be totally blind sided. However not all gleaming forex trading software reviews can be considered a jewel.

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