Forex Trading Pros: May 2017

Wednesday, 31 May 2017

Forex Trading - EUR/US

Sustained move over 1.1188 will signal the presence of buyers. This could trigger a rally into a resistance area at 1.1208. This price is also the trigger point for an acceleration to the upside with the next target angle coming in at 1.1238. This is the last potential resistance angle before the 1.1268 main top. Happy Forex Trading

Friday, 19 May 2017

Forex Trading - EUR/US Forcast

The EUR/USD is currently trading at 1.1177. The upside momentum suggests traders are likely to make a run at the next long-term downtrending angle at 1.1212. We could see a technical bounce on the first test of this angle, but it is also the trigger point for another acceleration into the main top at 1.1299. Happy Trading

Thursday, 11 May 2017

Forex Trading - EUR/USD

If EUR/US sellers can drive the market through yesterday’s low at 1.0853 then this may create enough downside momentum to challenge the initial downside target at 1.0819. This is followed by 1.0781 and 1.0762.

Look for an upside bias today on a sustained move over 1.0902 and a downside bias to develop on a sustained move under 1.0853. Happy Forex Trading

Wednesday, 3 May 2017

Forex Trading - Strategies

Here is the best Forex Trading Strategies I have found.

Forex Trading Strategies

Monday, 1 May 2017

Forex Trading - EUR/USD Higher Before Pullback

The daily EUR/USD Forex chart has been in a tight range for 6 days. T this is a weak breakout above a 6-month range. Furthermore, most breakouts fail. Therefore, this breakout will probably fail and the trading range will continue on.

If the bulls get a measured move up on EUR from their head and shoulders bottom, the rally would still be a bull leg in a 2-year range. Hence, there is no sign that there will be a breakout of the 2-year range. Because it is below the monthly moving average, the odds still favor a bear breakout and a test of par within a year or two. Happy Forex Trading

Risk Disclosures

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

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Forex and Binary Options trading involve a real risk of loss. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results.