Fx Charts

USDJPY 1-minute Chart: May 16, 2012 Chart created using Market Scope – Prepared by Tzu-Wen Chen In the minutes following the data release, the greenback weakened against the Japanese yen before retracing slightly. At the time of this report …

For the purposes of this article, let’s focus on the MACD indicator. First and foremost we only want to take trades in the direction of the trend on the Daily chart…that is the first step. Let’s take a look at the 4 Hour chart of the …

Near-term resistance is at 1363.50, the 76.4% expansion. Daily Chart – Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices are testing through support at 95.41, with a confirmed break exposing the December 16 low at 92.51. Near-term …

There are many factors to consider when developing a trading plan for order entries. There are thousands of variables including different time fame charts, indicators, trends, and charting patterns to select from. We often get so caught up in …

As can be seen from the one-minute EURUSD chart above, the currency pair fluctuated in the thin range between $1.2951 and $1.2962. At the time this report was written, the greenback still weakens versus most of its major trading partners except …

Below we can find the GBPAUD 4HR chart displaying traditional divergence. Since the GBPAUD is in an uptrend, we need to connect the two previous highs on our graph to form a trend line. Our first high was formed at 1.5727 on April 23rd …

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and charts from FXCM.

Without doubt, the most remarkable event in the FX market this past week was the Dow Jones FXCM … Learn forex trading with a free practice account and charts from FXCM.

email tnguyen@dailyfx.com DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and charts from FXCM.

If this pattern signals the reinstitution of our bearish bias, traders will look to move in on their charts and look to find new selling opportunities on the USDJPY. ATR can again be used to determine our profit targets. A suggested value is 20% …