.:::Forex Trading Signals:::.

Financial markets appear to have taken comfort from the US Federal Reserve’s decision to maintain the federal funds rate at a low level for an ‘extended period’. The initial response of equity markets has been favourable. But as in other economies, the message being conveyed on the outlook for the…

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Euro 1.3720 Initial support at 1.3640 (Mar 15 low) followed by 1.3621 (Mar 11 low). Initial resistance is now located at 1.3839 (Feb 9 high) followed by 1.3903 (Feb 4 high)

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Bullish price action on AUD/USD, a daily chart of which is shown, continues to follow a well-defined uptrend support line extending from the early February low. In the process, price has just reached a new 8-week high. This strong medium-term uptrend places the key 0.9325 area resistance in clear and…

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Technically speaking, the Aussie has our 4th tier downtrend line serving as a technical barrier. Our 4th tier runs through previous 2010 highs and is our last foreseeable downtrend line. Hence, a breakout beyond our 4th tier could signal more substantial topside movements over the near-term. As for the downside,…

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Technically speaking, the USD/JPY faces multiple downtrend lines along with intraday, 3/15, and 3/12 highs. Meanwhile, the highly psychological 90 area could continue to have an influence over the USD/JPY’s movements for the near-term. As for the downside, the USD/JPY has multiple uptrend lines serving as technical cushions along with…

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Technically speaking, the Cable has multiple uptrend lines serving as technical cushions along with intraday lows. As for the topside, the Cable faces multiple downtrend lines along with intraday and 2/25 highs. Our new 3rd tier downtrend line could prove to be a key barometer since it runs through 1/28…

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New York session FX trading saw a retracement in price action as technical exhaustion wore down the upward momentum of European pairs. EUR/USD is little changed from its opening level in Asia of 1.3760 while GBP/USD moved some 505 pips off its best level of 1.5380 after better jobless claims…

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The Pound strengthened against the Dollar, breaking decidedly above an important level of resistance at the 1.52 area and hitting its highest level versus the US Dollar since February 25th. The catalyst for the move was a much better employment report - the claimant count - for the month of…

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