trading course Click here to gain access to a free trading course from INO - Market Club.
Forex BrokerRegulationDepositLeverageBroker Features and PromotionsAccount
FSA$100 - Minimum100:1 - MaximumFXCM is one of the largest FX dealers for retail traders. Listed on the NYSE.Open account

Live Economic Calendar powered by Investing.com, the leading financial portal.

Author Archives: forex-fx-4x

Top Down – Multiple Timeframe Trading Analysis

Top Down – Multiple Timeframe Trading Analysis

Top Down – Multiple Timeframe Trading Analysis This discretionary price action article will run through a simple top down analysis scenario.  The charts below show a theoretical trade setup using the daily chart to gain a bias and the lower timeframe to trigger a signal entry.   The idea behind this kind of granular trading analysisContinue Reading

GBPUSD Trend Line + Fib Confluence Provides Near Term Support

GBPUSD Trend Line + Fib Confluence Provides Near Term Support

GBPUSD Trend Line + Fib Confluence Provides Near Term Support Our update earlier today highlighted the trend line as can be seen on the GBPUSD hourly chart below.  Price has subsequently found support at this level. The trend line touch was also a move into the 23.6% Fibonacci level.  The technical confluence area proved to beContinue Reading

Dollar Index Technical Update – July 23rd – DXY Analysis

Dollar Index Technical Update – July 23rd – DXY Analysis

Dollar Index Technical Update – July 23rd – DXY Analysis The US dollar had reached a three-year high versus a basket of currencies on the 10/7/13 key reversal day and was trading just under the 0.764 Fibonacci level but the subsequent price action has seen a major turn in sentiment towards the greenback. The dollar continues to push slowly under the weekly timeframe bearishContinue Reading

GBPUSD Update – 23rd July – Cable At Key Fib After Break Above Resistance

GBPUSD Update – 23rd July – Cable At Key Fib After Break Above Resistance

GBPUSD Update – 23rd July – Cable At Key Fib After Break Above Resistance The (fig 1) daily timeframe GBPUSD chart shows that cable is trading just under the 61.8% Fibonacci retrace level.  This comes after the strong recent upside price action culminated in a break above the 1.5260 – 1.5300 area PPZ (price pivot zone) yesterday.Continue Reading

EURUSD Technical Analysis – July 23rd – Euro/Dollar Update

EURUSD Technical Analysis – July 23rd – Euro/Dollar Update

EURUSD Technical Analysis – July 23rd – Euro/Dollar Update EUR/USD experienced a break above the 1.3200 area range resistance on Monday, but has ultimately finished the 22nd July trading session with a close back in the range. Price has however closed marginally above the  1.3177 (61.8% Fib) area after earlier hitting a fresh weekly high at 1.3218. A sustained range breakout isContinue Reading

Gold Technical Analysis Update – 22nd July – XAUUSD Outlook

Gold Technical Analysis Update – 22nd July – XAUUSD Outlook

Gold Technical Analysis Update  – 22nd July – XAUUSD Outlook A look at the XAUUSD daily chart below shows the price of gold is approaching a technical confluence area after breaking above prior $1300 area resistance.  The move above $1300 was the first breach of this psychological level since end-June. The technical confluence area is comprised of the followingContinue Reading

USDJPY Analysis – July 22nd – Dollar Yen Technical Update

USDJPY Analysis – July 22nd – Dollar Yen Technical Update

USDJPY Analysis – July 22nd – Dollar Yen Technical Update The USDJPY triangle pattern breakout we were monitoring last week ultimately found resistance at the 0.764 Fib retrace area.  This was aligned with prior H1 support as per the fig 1 (4 hour) chart.  Our analysis noted that this price action formation had formed as the dollar/yen pair oscillatedContinue Reading