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  • To Brexit or not to Brexit?

    Published June 23, 2016, 4:54 pm


    Today is a big day for Britain and its future. Known to be also the biggest international event of this first half of the year, the Brexit referendum had a big impact over the financial markets and investors’ sentiment. During the past couple of weeks polls have been showing different results, for both remaining and leaving the EU, triggering high volatility on the financial markets. The uncertainty and fear of a possible Brexit has triggered another strong risk aversion, thus the safe havens like the Japanese Yen, Gold, Bonds have strongly gained against the riskier financial instruments.


    What will happen next? Everyone is expecting the results from tomorrow with great interest. For better understanding of a possible impact on the Britain’s economy and especially its currency, we will need to see the pros and cons of a Brexit.


    To Brexit!


    • Brexit would allow Britain to regain control of its borders in order to curb soaring immigration and increase security.

    • Britain would no longer have to accept free movement of people from Europe.

    • Eurosceptics also believe that after the Brexit, Britain will take back control of its economy.

    • Leaving EU would allow Britain to make its own trade deals with global powers such as US or India.

    • The Brexit campaign argue that the EU referendum is a once in a lifetime opportunity for the UK to restore its sovereignty.


    Not to Brexit!

    • Brexit would compromise the UK’s ability to fight cross-border crime and terrorism.

    • The pound would weaken strongly in the near future, while up to 820,000 jobs could be lost within two years, according to Britain’s officials.

    • The UK Treasury has issued a series of dire warnings, even claiming that Britain would be plunged into a year-long recession in the event of Brexit.

    • Europhiles argue that the UK would wield less power to act internationally outside the EU.

    • The Remain camp is arguing that the UK would become embroiled in lengthy trade negotiations, face more trade barriers and lose access to the internal market.


    Our Conclusion!


    The scenario of a Brexit is possible and as some polls were showing, it has equal chances of happening as the ‘Bremain’ has. In such a scenario we are expecting the pound to lose ground against its major counterparts and investors to lose faith in the UK’s economic expansion, especially on short term. But the reality is not that bad. A positive vote for a Brexit would only give Britain a bigger leverage in negations better conditions for the country, inside the EU. And even if they will chose, after the referendum, to leave the EU by invoking Article 50, which states that “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”, would still take around 2 years to finalize such a process, giving enough time for both parties to adjust their economical strategies and adapt to the new context.

    In our opinion if the people of Britain will vote for a Brexit, the short term impact on the pound and the capital market of UK and not only, but also for most of the riskier assets, will be a negative one. But it doesn’t mean that it will become a trend changer instantly. On the other hand if the people will vote to remain in the EU then the short term impact will be positive. Pound might rally back towards 1.600 against the US dollar and have a strong comeback against other counterparts.

     

     

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD - Broke the wedge

    Published February 15, 2016, 11:21 am


    Since the beginning of February the price of EURUSD has been trading in raising wedge, and formed a 3-month high at 1.1377. The price broke the lower slope of the wedge and started on a downward movement. As the price is moving, there is a great chance for it to hit the local support. I expect the price to test the support few times and then using momentum to break it and fall to the second support level around 1.1070. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • USDJPY - Raising wedge

    Published February 2, 2016, 2:31 pm


    USDJPY has been trading in a downtrend since the end of last week. However, on the 30 minutes chart it has formed a raising wedge. This could signal a consolidation of the price. Based on multiple analysis a break below the lower slope and continuation in the direction of initial move might happen. Firstly, the pattern has formed on a strong downward movement. Secondly, the price found a resistance level at 120.86. Measuring the downward movement from top to the bottom at 120.36, the Fibonacci 38.2 level is extrapolating the local resistance. All these draw the conclusion that a breakout in the direction of initial movement is high likely to happen. A stop loss should be placed above the local resistance, just in case the breakout is a false one.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • AUDNZD - Bears take over

    Published February 1, 2016, 4:56 pm


    The Australian Dollar has appreciated against the New Zealand Dollar since the beginning of the year. For a good time it was trading into an ascending triangle, with resistance around 1.0831. Finally, bulls took over and the price broke out above the resistance and formed a new high. Now looks like the bulls lost the lead, and the price is dropping. If the price breaks the support which was a former resistance, we can expect the price to continue to drop to the take profit level. A stop loss should be place little above the high, just in case the bulls enter the market. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD - Bouncing from support

    Published January 29, 2016, 11:11 am


    After a surge in the beginning of December, EURUSD pair has started a down trend. Since the beginning of this year, the price has found support at 1.0802, bouncing two times from there to hit the resistance.  Each time price hit the resistance it failed to break it. Thus, I expect the dollar to continue to appreciate, hit the support and to start an up rally and put pressure on the upper line of the channel.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURGBP - Symmetrical triangle

    Published January 27, 2016, 2:15 pm


    EURGBP has formed a symmetrical triangle on one hour chart. The probability of breaking below the lower slope is equally with the probability of breaking above the higher slope. However, since the pattern has been formed after a strong up rally, I tend to believe that a break above the high slope is higher. In this case a buy position should be placed above the slope when we have the confirmation of breakout. The stop loss should be placed in the triangle below the slope. On the other hand, if the price breaks the lower slope a sell position should be placed below the breakout. The profit targets are marked accordingly on the chart. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • Oil - Correction

    Published January 25, 2016, 12:00 pm


    Oil started a rally at the end of last week based on the increased fuel demand caused by cold weather. The price broke the lower line of an up channel after hitting a resistance at $32.58 to find a local support at $30.64. There can be found the 38.2% Fibonacci retracement level by measuring the rally to the top.  This gives a high possibility for the price to continue the rally up, break the resistance and hit the $34.07 level. In this case the first take profit is market few pips below the next resistance, as shown in the picture. A stop loss should be place below the local support. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • USDJPY - Broke the channel

    Published January 22, 2016, 4:33 pm


    Has formed a down channel with higher lows and lower lows. The price broke the upper line, tested the support and started a rally. There is great chance the price will move to hit the 119.69 with a resistance at 118.67. On the other hand, if this is a false breakout, the price fall to hit the support and bounce from there.  

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • AUDNZD - Reached a resistance

    Published January 22, 2016, 4:03 pm


    The pair has being trading into an up channel and tested the upper line few times. There is an important zone made by the upper line of the channel and the resistance at 1.0830. In this case I expect for the price to bounce back down from the resistance and hit the take profit line at 1.0738. On the other hand, if the price breaks the resistance it could form a new 2-month high.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GBPUSD - consolidation

    Published January 21, 2016, 10:51 am


    GBPUSD shows sign of consolidation on a down movement, and formed a rising flag. The probability of breaking the support is high, due to the fact that it encounters a strong resistances level. If breaks the support, the price will continue the movement to reach the 1.4087 level. On the other hand, if break the resistance it will continue to rise up to the line. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GOLD - Testing key level

    Published January 20, 2016, 11:03 am


    Gold formed an uptrend with an ascending triangle and is now testing a strong resistance, 61.8% Fibonacci. There is a change to break the level and to put pressure on the high at 1113.28. On the other hand, if price fail to break the key level, it could find a support in the lower line of the triangle. If the price breaks also the lower line of triangle, it could signal the start of drop. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • AUDNZD - Testing local support

    Published January 19, 2016, 5:04 pm


    Since the beginning of the year AUDNZD pair has encounter high volatility as investors looked for so called ‘safe havens’ to protect against market turmoil. The ‘Kiwi’ appreciated against it peer currency and found a support at 1.0615 from where it bounced and hit a resistance. If the price breaks the local support there is a high probability that it will continue to drop. The first profit level is marked at 1.0591 with the second one at 1.0518. The stop loss should be placed around 1.0714. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • US500 - Hit a resistance

    Published January 19, 2016, 4:05 pm


    The US500 the main index started the week with good prospect. This was due to news coming out from Europe Central Bank, saying that it will start questioning banks about their underperforming loans.  The price find a support at 1857.4 from where it jumped to 1906.9 where it stopped and started to back down. The box represents a strong resistance, it is the lines between 61.8% and 78.6% Fibonacci levels, measuring the last high to the support. Thus, a sell position can be initiated with the first target being at 1860.7 just above the support line.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURJPY - bearish or bullish ?

    Published January 14, 2016, 2:45 pm


    EURJPY has been trading sideways into a symmetrical triangle since the beginning of the year, due to capital market turmoil. Since the Japanese yen has been appreciated over 2015, the price formed a down trend. Thus, the probability breaking below the slope of the higher low. In this case we can expect the price to continue to drop towards 125.53.

    However, if the price breaks above the slope of the lowest highs and closes above that line it could signal a rally of the price towards 131.08.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • Gold - Correction

    Published January 14, 2016, 11:47 am


    Gold started the year on a high roll, as investors turned to gold to protect for their investment against the turmoil in equity and the slump in oil. However, since Friday when it failed to break the 1112.95 it started a down turn. It made a bottom at 1080.25 and now testing Fibonacci level 38.2% – 50%. If fails to break that level, could continue the down trend. To capitalize on the fall, a sell order can be place with a stop loss at 1097.45. In this case the profits are marked at 1075.89 and 1063.26. 

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • AUDUSD - Triangle break out

    Published January 13, 2016, 2:12 pm


    For the past few years US dollar appreciated against the Australian dollar, and the AUDUSD pair has been in a down trend on the investors’ anticipation of the rate increase from the FED. It can be seen that a symmetrical triangle has been forming. The price broke the pattern upwards and found a resistance at 0.7042. If it will break the resistance there is a high probability that the price will move to the top target, which represents the height of the triangle.  If it does not break the resistance it could break the local support fall to the next support at 0.6972.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURGBP - Symmetric Triangle

    Published January 13, 2016, 2:12 pm


    Euro has been appreciated against the pound since the end of 2015 on the concern of an EU-exit of UK. Investors are betting against glooming future of the Britain economy in case of opt to leave the union. Taking a glance on the chart, the price seems to be trading inside a symmetrical triangle. There are two scenarios. If the price breaks above, in this case a buy order should be place above the new high with a high probability for the price to get to the upper target. Second scenario, if the price breaks below, then a sell position should be take from the point where it broke out.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • Oil - Hit a resistance

    Published January 12, 2016, 3:14 pm


    Oil started the 2016 with an entire week of drops due to concerns regarding Chinese exports and manufacturing sector that is falling behind and slows down the country economic growth and political dispute between OPEC member countries. However, at the end of the week, the price found a support at $32.90 and started a correction that peaked at $35. Since then it has started to go down again and formed a new low at $30.84 from which the price bounced and is looking to form another correction. Measuring from the peak to the new low the price is moving towards 38.2% Fibonacci and could find a resistance at $32.45 from which it can start its descending.  In this case the first take profit can be placed at $29.72 with the second one at $28.04 as these two represents key Fibonacci levels, measuring the expansion from the $35 to the new low at 30.84 and the stop at 38.2%.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • Oil super cycle

    Published January 12, 2016, 3:12 pm


     
    Current level $31.31 a barrel represents 12-year low, prices markets have seen at the beginning of the Middle East tensions. Shortly after US led coalitions to engage in wars in Iraq and Afghanistan, international oil price soared to peak at $145 in summer 2008. Making the highest high in the history, much greater than the one from the 70s oil shock that peaked at $115 in 1980. Between the two highs there is a bottom, in 1998, from which the price started the huge rally in 2008. Economists such as Joseph Schumpeter and Nikolai Kondratiev refer to this pattern as a super cycle, which is a trend that expands over 10-35 years. 
    Furthermore, economists argue that these super cycles are made of periods of expansion followed by periods of recession. Also one thing all have in common is that the price at the end of the cycles are below than the ones at the start. As if the markets are in super-trends with super-higher highs followed by super-lower lows, just like water waves that are amplified as they move forward. 
    Since the boom of the 2000s based on the fast industrialization of China that drove the commodity prices up together with oil. The price for ‘black gold’ is down by over 80% from the start of the rally in 1998. There is still much to fall, according to the theory. However, with the current slowdown in Chinese manufacturing and sluggish economic growth, present-day economists predict below $30 on a barrel in the near future, with as low as the previous super-low $10.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • S&P500 - Tumbles

    Published January 11, 2016, 3:14 pm


    The US main index, S&P500 has been in an uptrend, with higher highs and higher lows since the beginning of the credit crunch in 2008. In August 2015 the market plunged 233 points on the concerns that the Chinese economy is preparing for a hard landing.  Since then the prince has started a rally towards 2111.6 to test the level of previous highs. It failed to make a new high and started to slide back down on discussion of rate hike and more poor data from China. Measuring the rally from the bottom level in summer to the high in November, the price is testing 78.6% Fibonacci. If it bounces from the 78.6 level the first take profit may be at 2066.0 or 61.8% Fibonacci measuring the rally from August to November. The second take profit is at 2175, where if the price reaches that level forms a new high, and can consider that the drop from August has been just a correction. On the other hand, if the price breaks the 78.6% it there is a probability that will find support at 1862.9 same as in September when it failed to break it.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • USDCAD - Hit a good resistance area

    Published November 3, 2015, 10:44 am


    The USDCAD has reached a pretty good resistance area. After a plunge, the dollar managed to come back and retest the downtrend line and the 38.2 Fibonacci retrace out of the entire impulse. I am expecting for it to bounce back down and hit another lower low around 1.3000 area.

    An alternative scenario would be a break and close on a 60 minute chart above the trend line. This could get in more bulls, triggering this way another rally for the greenback. In this situation a possible target for the up move can be 1.3200 round number level.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • NZDUSD - Bounced from a resistance area

    Published October 22, 2015, 4:51 pm


    The price of NZDUSD has moved up to test the trend line which had broken this week. In the same area, it found the 78.6 Fibonacci retrace and also the down move trend line. These three elements delimited a very good resistance area from where the price bounced back down. In this condition, I am expecting the price to drop towards the previous low and hit the round number level of 0.6700.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • AUDUSD – Bullish Price Action

    Published October 13, 2015, 1:55 pm


    From May to the beginning of October AUDUSD drew lower lows and lower highs, confirming the down trend. In September the price did not break below 0.6906 which was the previous low. Aussie continues to gain against the greenback in October and reached a new high in a very good resistance area below the 38.2 Fibonacci retrace out of the last strong down trend.

    Today Aussie might register the first daily drop since 29th of September. This can be considered a bearish signal. Because the Lower Highs - Lower Lows sequence was broken, we expect for the price to stop falling before reaching a new Lower Low for the down trend. The first support area is found between 0.7200 and 0.7160 and the second one between 0.7050 and 0.7010. A bounce off one of these two could trigger another rally for this currency pair.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GOLD – Symmetrical Triangle

    Published October 8, 2015, 3:52 pm


    The price of Gold is trading in a sideways move from June till today. The price action has drawn a Symmetrical Triangle, which can burst at any moment. Since the previous trend is a descending one, the probability of a down break is bigger.

    If the price will break and close on a Daily chart below the lower line of the triangle, we can expect for the drop to continue towards 1077.35. On the other hand a break above the upper line, followed by a close above that line could signal a rally of the price, targeting 1200 or even 122 dollars per ounce.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • NZDUSD – Entered a down move

    Published October 5, 2015, 1:56 pm


    The price of NZDUSD seems to have reached an overbought area after the price broke the rejection line of an ascending channel. The Shooting Stars drawn in the round blue circle are bearish patterns signaling a possible down move. Taking into consideration the latest price action from the 60 minute chart, I am expecting for the price to fall back towards 0.6440, creating a good opportunity for bulls to start buying the kiwi again.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • A preview before the release of NFP

    Published October 2, 2015, 2:21 pm


    The NFP is the change in the number of employed people during the previous month, excluding the farming industry, from the United States. It is known to be one of the most important economic indicators released by the state, which usually triggers high volatility in the market, thus is also one of the most awaited releases, speculators.

    From November 2010 the NFP was consistently published above 0. This triggered a drop in the United States Unemployment Rate which plunged from 9.6% to 5.1% in the coming years. The Unemployment Rate and the Inflation Rate are closely watched by the Federal Reserve in order to decide whether they will hike or not the interest rate. The Unemployment Rate hit the Fed’s target, the inflation is not yet there.

    Because at their last monetary policy, the FOMC decided to keep the interest rate unchanged, investors and speculators are eagerly waiting for the next NFP release on 2nd of October. A published value around 190 thousand would continue to push down the Unemployment Rate. This will force even more Fed to take action and hike interest rate this year. If so the market volatility will increase and create a perfect context for speculators and investors to buy the greenback.

    On the other hand a published value, of the NFP, below 170 thousand would influence the Unemployment Rate less and give the Federal Reserve the opportunity to push the interest rate hike to 2016. This would be a strategic delay. It will give them time to see if the inflation will pick up the pace and if the emerging market economies will improve.

    October NFP will give traders interesting opportunities. Because of a possibility of a volatility increase speculators will try to benefit from trading a wide range of instruments, from commodities to stocks and indices and forex.

    EURSD - Moved sideways

    After the price broke below the uptrend line (blue one on the chart) it moved down towards the round number level from 1.1100. The bounce from this key support level sent the price back to retest the line. During the last 7 trading days EURUSD was traded inside a symmetrical triangle. An increase in the volatility during the NFP publication could trigger a break out of the triangle. A break below the lower line of the triangle could trigger a drop towards 1.1100 or lower than this level, while a break above the upper line could trigger a rally towards the upper line of a Descending triangle (red line).

    AUDUSD - A new higher high

    The price of AUDUSD has drawn a new higher high on the chart. This could be taken as a bullish signal for the next week. A strong NFP reading might send the price down and invalidate this bullish setup. The first bearish signal would be a break below 0.7010, while a stronger one would be a break below the key support of 0.6934.

    On the other hand a break above the local resistance of 0.7056 would signal a bullish move. A rally could target new highs around 0.7125.

    USDJPY - Pushed back to resistance

    The price of USDJPY was pushed back to retest the resistance from 120.36. The bulls did not have the power to keep the price at this level. Currently the price is trading below 120.30. If the price will break below 120.15 we can expect for the drop to continue towards 119.95, or even lower. On the other hand a break above the key resistance would increase the probability for the price to rally towards 120.60 or even higher to 120.90.

    For charts please visit the Traders Room from Client Office.

     

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GOLD hit support area

    Published September 28, 2015, 10:54 am


    The price of GOLD, the most traded precious metal, dropped 20 dollars from its last week high. At this point it is trading in a very good support area. This area is formed of the 61.8 Fibonacci retracement and the uptrend line. From here it is highly probable to see a bounce back towards $1143 per ounce where it will find a down trend line. A break below the current support, 1135, would be a strong bearish signal and the price might continue its drop towards 1130 dollars per ounce.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GBPUSD – Reached the trend line

    Published September 22, 2015, 1:48 pm


    The price of GBPUSD dropped again today and reached the support line of the rising trend. Considering the current price action, I believe that a false drop could appear below the trend line, but I believe a bounce is going to appear. The target for a bounce, it is found around 1.5480, while the support area, it is formed between 1.5415 and 1.5400

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • USDCHF - Descending Triangle

    Published September 17, 2015, 5:18 pm


    On the 60 minute chart of USDCHF a Descending Triangle price pattern can be seen. In theory Descending Triangles announce that the price could go down, rather than up. The price pattern is confirmed when one of its lines is broken. 
    In the current scenario, the pattern was drawn on a rising trend. This might turn around the probability, towards an up break and a continuation of the ascending trend.
    A break and close above the upper line of the triangle would signal a rally towards the latest high of the trend, 0.9824. On the other hand a break and close below current support would signal a drop which could target 0.9600 or even 0.9570 (a stronger support).

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD - Retesting 1.1200

    Published September 16, 2015, 12:52 pm


    The price of the most traded currency pair has been trading lower compared with the beginning of this week. We believe that the dip might continue until the price will reach 1.1200, or even 20-30 pips lower  hitting a support area. From here we expect a bounce back towards 1.1300 or maybe a rally above the local highs.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURGBP – Bullish Patterns

    Published September 14, 2015, 8:53 am


    On a 240 minute chart the price of EURGBP has drawn a bullish pattern called Pennant. After a strong rally which ended at 0.7423, the price started a corrective move which did not hit the 50% retracement. This pattern can be confirmed by a break and close above the upper line. In this situation another rally can be expected.

    On a 60 minute chart, we can observe an up channel. The price is currently testing the 0.7355 local resistance. A break and close on this time frame above the resistance would signal the beginning of a new rally, targeting 0.7375. Traders should pay attention to false breakouts. A false breakout could signal a future drop for the Euro against the GBP.

    A break below 0.7336 support, would signal a strengthening of the pound against the European single currency.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD – Sideways move

    Published September 9, 2015, 11:15 am


    The price of EURUSD drew a down trend, on a 60 minute chart. Currently it retraced around 50% of the previous impulse. As long as a higher high is not drawn we can presume that the down trend is still active.

    A break below the local support from 1.1145, could signal a drop towards 1.1100 or even lower, towards 1.1050, hitting a new lower low. On the other hand a close above the local resistance from 1.1230 could signal a rally which could target the previous high of the down trend.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • GBPUSD - Bullish Pin Bar

    Published September 3, 2015, 11:55 am


    On the H4 chart of GBPUSD can be observed a bullish Pin Bar. Known also as a Hammer candlestick pattern. But this is not the only bullish signal given by technical analysis. The price has broken a Rising Wedge and the RSI has drawn a divergence.

    All these combined tell us that there is a good probability for the price to start a rally in favor of the cable. Even though the current setup is bullish, for a higher probability entry, traders should wait for the confirmation, break above the local resistance.

    If the price will rally above 1.5327 we are expecting for it to target 1.5425. On the other hand a break below 1.5200 will invalidate the bullish scenario.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • USDJPY – Pushing Against the Support

    Published September 2, 2015, 10:12 am


    During the Asian trading session the USD had pretty nice rally against the Japanese Yen. During the last several hours, the price of this pair has been drawing a range move, similar to a descending triangle. A break below the support line of 119.90 could signal a pullback for the US dollar, targeting the next local support from 119.55, or even the low from 119.22.

    On the other hand a break above the upper line would be a bullish signal, which would tell traders that the greenback is aiming for 120.50.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD - Hit a resistance

    Published September 1, 2015, 8:56 am


    The EURUSD had a rally over the Asian trading session. It hit a daily high at 1.1297. On a 60 minute chart a Shooting Star candlestick pattern can be observed. The current scenario could signal a drop for the European single currency towards the next local support from 1.1242.
    Even though the probability is higher for the price to return to lower levels, traders should pay attention to the upcoming economic releases comming from the Euro Area. Above expectation releases could trigger another rally for the Euro. In this case a break above 1.1309 would signal an invalidation of the current down trend. 
    The EURUSD had a rally over the Asian trading session. It hit a daily high at 1.1297. On a 60 minute chart a Shooting Star candlestick pattern can be observed. The current scenario could signal a drop for the European single currency towards the next local support from 1.1242.
    Even though the probability is higher for the price to return to lower levels, traders should pay attention to the upcoming economic releases comming from the Euro Area. Above expectation releases could trigger another rally for the Euro. In this case a break above 1.1309 would signal an invalidation of the current down trend. 
    The EURUSD had a rally over the Asian trading session. It hit a daily high at 1.1297. On a 60 minute chart a Shooting Star candlestick pattern can be observed. The current scenario could signal a drop for the European single currency towards the next local support from 1.1242.
    Even though the probability is higher for the price to return to lower levels, traders should pay attention to the upcoming economic releases comming from the Euro Area. Above expectation releases could trigger another rally for the Euro. In this case a break above 1.1309 would signal an invalidation of the current down trend. 
     

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD – Broke the trend line, but still bearish

    Published August 31, 2015, 2:17 pm


    The EURUSD fell more than 500 pips after it hit a resistance at 1.1713. For the moment it found a support at the 78.6 Fibonacci retracement, from which it bounced back above 1.1200. The last swing up managed to break the down trend line. Even though this is a bullish signal, we do not consider it strong enough to believe another strong rally would start.

    Without hitting a new higher high, the price dropped back to retest the trend line. A break and close on a 60 minute chart below 1.1195, local support, would signal a continuation of the down move towards 1.1157 or even 1.1100. A bullish swing above the current high could signal another up move.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD – Morning Technical Overview

    Published July 31, 2015, 6:17 am


    The US dollar gained more than 200 pips after the FOMC statement. The Euro was bought on the Asian session before the economic releases from the Euro Area. The main trend now is down. The price has set itself under the 21 Exponential Moving Average, on a 60 minute chart. The corrective up move seems to have ended. This current drop could end up retesting the local support from 1.0900.

    Only a break above 1.0950 would invalidate the downside scenario. We are expecting for the main down trend to continue. But the price movements could be very sensitive to the economic releases scheduled for today. In case of a rally, the next resistance is found at 1.1000, while a break under 1.0900, could mean that the price is ready to towards the key level support from 1.0800.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD – Morning Technical Overview

    Published July 29, 2015, 6:30 am


    The euro lost some ground yesterday against the US dollar after 1.1050 support was broken. The price of the EURUSD dropped all the way to 1.1017, where it found a good support area. From here it bounced back and rallied to 1.1080 where it stopped again. For the moment the price is trading sideways between 1.11 and 1.1017.

    Currently EURUSD is trading around 1.1040, where it is found the trend line of the main up trend. If it will manage to break this line and close on a 60 minute chart below it, then we will be expecting a drop back to the support of the range. A bounce off the trend line, followed by a break above 1.1060, local resistance, could signal another rally for the Euro.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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  • EURUSD – Retesting the Trend Line

    Published July 24, 2015, 4:49 pm


    The euro dropped 50 pips after the release of French and German PMIs because of all of them missed their estimates. The price action shows that currently EURUSD is trading close to the uptrend line, which might be a very good support if it is combined with 1.0923 local support level. A break below this area, marked with a triangle could signal a further drop of the Euro towards 1.0900.

    The Information or materials published or submitted by Forex Rally are exclusively for educational, informative or analysis purposes and cannot be considered recommendations to purchasing/selling/keeping of a particular financial instruments. They are not and should not be treated as indications or tips on trading strategies for real or demo accounts. Forex Rally warns the Users/Clients that past performance of Financial Instruments is not an indicator of future performance. Forex Rally assumes no responsibility for the outcome of transactions based on or influenced by any of the above-mentioned information. Forex Rally warns that Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/she understands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience.

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