Forex Blog |  analysis

Quasimodo Forex Pattern - USD/JPY is still considered in bullish momentum

USD/JPY: Bearish Quasimodo After MACD Divergence

Change the Momentum or Only a Technical correction? Thursday  19/09/2019 The USD/JPY is still considered in bullish momentum. We can see the significant MACD divergence which lasts all the recent uptrend. While during this uptrend the price creates a few higher highs the MACD indicator

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WTI Price

WTI Price Opens The Week With a Huge Gap Up

WTI Reaches a New 4 Month High After Saudi Arabia Oil Field Attacks. Monday  16/09/2019 WTI price opens this trading week with a huge gap up. The price ended last week at 55.00 zones and open this week at 60.00. The highest level the price

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EUR/GBP: August Ended as a Bearish Pinbar Candlestick

A Confluence of MACD Divergence and Pinbar Candlestick. Monday  09/09/2019 Pinbar candlestick is one of the most reliable candles in the Forex charts. It is a reversal candlestick signal. The unique structure of this candle includes a long candlewick, at the opposite side a small

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Double Bottom Indicates the Downtrend Ended

GBP/JPY: Double Bottom Indicates the Downtrend Ended

CCI and MACD Divergence Confluence With Double Bottom Sunday  08/09/2019 The double bottom pattern is one of the reversal patterns in the forex market. It usually formed after an extended downtrend when two valleys formed at the same level. The sellers weren’t able to go

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EUR/USD Jump While USA China Trade War Warms Up

EUR/USD Jump While USA China Trade War Warms Up

A Bullish Outside Bar Candlestick Pattern in D1 Chart Sunday  25/08/2019 Outside bar forex strategy pattern is a price action candlestick pattern. It can be used for both reversal and continuation positions, bullish or bearish. The last day in the past week for EUR/USD has

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fibonacci levels btcusd

Breakout Demand Creates Fresh Supply For BTC/USD

BTC/USD is Back Into the Bearish Zone After Breakout the Demand. Thursday  22/08/2019 A fresh supply which created on the 20/08 has succeeded to breakout the demand from 19/08. This situation turns back the BTC/USD price into the bearish momentum. In our previous post on

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50% Fibonacci Retracement Confluence With Fresh Supply

Key Levels for USD/JPY Wednesday  21/08/2019 Fibonacci retracement is a very popular tool for measured trends and technical correction in the Forex market. A Fibonacci level alone is not good and reliable enough to get a decision and act. Therefore, I’ll always look for another

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Russell 2000 Index

Looking At The Russell 2000 Index

A Deep Dive into the Russell 2000 Index What is the Russell 2000 Index, how exactly does it work, and how can you apply it to forex? As part of our continuing series exploring various markets and indices around the world, today we will take

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EUR/GBP at Highest Levels in Over Two Years.

EUR/GBP at Highest Levels in Over Two Years.

What Should we Wait For in Order to Sell EUR/GBP? Monday 12/08/2019 EUR/GBP just arrived at the highest price level in the last two years. The GBP is losing power against most of the currencies in the market, The main reason for that drops in

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Combination of MACD Divergence and Fresh Supply

Combination of MACD Divergence and Fresh Supply

What is the Swing/Long Term Destination For USOIL Price? Thursday 08/08/2019 The MACD divergence and the fresh supply in the USOIL price creates a swing sell position opportunity. While the USOIL price become bearish, the question is what will OPEC do about that? The delicate

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Bitcoin Keeps Rising While Stock Markets Dive

Bitcoin Keeps Rising While Stock Markets Dive

What Makes This Bitcoin Demand Level a Critical One? Tuesday 06/08/2019 Bitcoin keeps rise up and creates fresh demand levels on its way up. The financial markets all over the world had a significant drop in the last few days. Some of the indices had

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Fibonacci retracement

Fibonacci Retracement and the Golden Ratio

The man, the rule, and the math behind one of nature’s most recognizable number systems In today’s article, we’re going to do a deep dive into one of the most reliable systems for creating technical indicators and how you can use Fibonacci retracement to your

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