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  1. Alexfx79

    Daily forecast for shorts and longs

    The NZD/USD currency pair has been strongly adjusted after a significant growth on Wednesday, March 15. I’d buy NZD/USD, if the price fixes above the 0.6985 local resistance. Potential movement - to 0.6940. I‘ll use a trailing stop for this position.
  2. Alexfx79

    Daily forecast for shorts and longs

    The divergence of the price and the MACD histogram continued yesterday. I am still waiting for a correction on USD/JPY. The demand for the US dollar is supported due to the yesterday’s positive statistics and the growth of the government bonds’ yield. I’d buy USD/JPY after the price fixes above...
  3. Alexfx79

    How do I trade Forex?

    Oh... can you imagine how much time should you spend to create different strategies and test them? Note that much time is needed, cause something made in just 5 minutes or even a couple of day wouldn't work properly for long periods...
  4. Alexfx79

    Is it okay to use forex signal services?

    I'd trust some signals if I knew that trader PERSONALLY. Anyway, no one is insured from scams
  5. Alexfx79

    Daily forecast for shorts and longs

    USD/JPY Support levels: 114.500, 113.600 Resistance levels: 115.45
  6. Alexfx79

    Daily forecast for shorts and longs

    This day will be full of important economic reports and news from the United States. The US Federal Reserve may raise the interest rates for the first time in 2017. The FedWatch Tool is at 90.8% now. It seems to me that the regulator is likely to tighten the monetary policy. At the same time...
  7. Alexfx79

    Daily forecast for shorts and longs

    USDCAD is traded near the 1.3455 mirror resistance level at the moment. I’ll look for the entry points into the market to buy the pair, if the price fixes at that mark. Potential movement - to the next round level of 1.3500. The demand for the dollar is supported by the growth of profitability...
  8. Alexfx79

    Daily forecast for shorts and longs

    The aggressive buying is observed on GBPUSD today. The pound has weakened against the US dollar by more than 90 pips. I’ll open transactions in the current trend’s direction. I plan to wait for a correction to the 1.2135-1.2150 demand zone. Potential movement – to 1.2100-1.2075.
  9. Alexfx79

    Daily forecast for shorts and longs

    The technical pattern on GBPUSD indicates the buyers’ strength. The price has held the 1.2150 key support level. The MACD histogram began to rise. I will buy it, if the price overcomes the 1.2225 local resistance level. Potential movement - to 1.2300. I will use a trailing stop here.
  10. Alexfx79

    Daily forecast for shorts and longs

    I expect a correction on EURUSD at the moment. A strong reversal formation, the divergence of the price and the MACD histogram, has appeared. I’ll sell the pair after the price fixes below the 1.0690 level. Potential movement - to 1.0650 and 1.0615.
  11. Alexfx79

    Daily forecast for shorts and longs

    USD/JPY support - 114.10, 112.80 resistance - 115.45, 116.70 I’m going to watch how the price would react to those marks. I’ll be back to trading on Monday. Wish you all high profits!
  12. Alexfx79

    Daily forecast for shorts and longs

    The report on the US labor market is at the center of attention today. The preliminary data indicates the positive statistics. I also expect a strong report. Nevertheless, I usually don’t trade during such days. I have identified the following key levels: EUR/USD Support - 1.0570, 1.0530...
  13. Alexfx79

    Daily forecast for shorts and longs

    USD/JPY retained the 113.65 support level yesterday. It caused aggressive purchases in the second half of the day. The nearest resistance level is 114.70. The demand for the US dollar is supported by the positive statistics on the labor market and the growth of yield of government bonds. I will...
  14. Alexfx79

    Daily forecast for shorts and longs

    The comdolls are under pressure due to weak statistics from China and a sharp drop of quotations during yesterday's trading. There is a strong downward trend on NZD/USD. I will sell the pair after the price fixes below 0.6890. Potential movement - to 0.6850-0.6825.
  15. Alexfx79

    Daily forecast for shorts and longs

    The EUR/USD currency pair has maintained the 1.0570 "mirror" support level. The technical pattern indicates the "bullish" sentiment. The MACD histogram began to rise. This points to an upward trend. I’ll buy EUR/USD after the price fixes above the 1.0600 level. Potential movement - to 1.0630...
  16. Alexfx79

    Daily forecast for shorts and longs

    An interesting technical pattern has formed on NZD/USD. I expect a correction in the nearest future. The divergence of the price and the MACD indicator will be confirming signals. I will buy NZD/USD after the price fixes above the 0.7015 mark. Potential movement - to 0.7060.
  17. Alexfx79

    Daily forecast for shorts and longs

    There was a correction on USD/JPY on Friday. The divergence of price and the MACD histogram worked well. I expect a further correction on this pair. I’ll sell it after the price fixes below 113.65 local support. The goal is the 113.00 round level.
  18. Alexfx79

    Daily forecast for shorts and longs

    There is a mixed pattern on EUR/USD at the moment. The demand for the US dollar is supported due to a possible rising of interest rates during the Fed's March meeting. At the same time, there can be a further correction as well I identified the following key levels: support - 1.0590 resistance -...
  19. Alexfx79

    Daily forecast for shorts and longs

    The Australian dollar significantly weakened against the US currency yesterday. Falling of quotes on AUD/USD has exceeded 100 points. The MACD suggests a possible correction. However, the demand for the dollar remains at a high level. I identified the following levels: support-0.7545 resistance...
  20. Alexfx79

    Daily forecast for shorts and longs

    The yen weakened against the US dollar during this week. I expect a correction on USD/JPY now. A very strong reversal formation, the divergence of the price and the MACD histogram has formed on the market. I’ll sell the pair after the price fixes below 114.10. Potential movement - to 113.50.
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