forex system explain

Could You Please Explain How Your Trading System Works?

QUOTE Your website provides details of when you are entering a trade but with no reasoning behind it. Could you please explain how your trading system works?It's a long long story... I'll make it short I'm a trend follower and I built some indicators to help me to find great trends (ForexSto and Trend Indicator)I start a trade when I fi

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EUR/USD: Euro declines further, approaching 1.2985 level

FXstreet.com (Barcelona) ? Rejection at 1.3088 fresh intra-week high has triggered weakness on the Euro and the pair, below 1.3035 level approaches next support level at 1.2880 ahead of Wall Street opening.The Euro trades around 1.3010, dropping most of the gains posted on its rally to 1.3088; with next support level at 1.2985 on sight. If the Euro breaks below there, next support levels could come at 1.2950 and 1.2920.On the upside, recovery from current levels could find resistance at

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Stronger Equities Providing Momentum to the Canadian Dollar

(CEP News) - A bounce in risk appetite is helping support the Canadian dollar against the greenback and causing it to test key support levels.Traders and strategists are once again watching the 1.2500 level in the USD/CAD. The cross saw a steady decline overnight as positive sentiment helped spark modest rallies in global equities markets. The USD/CAD hit a low of 1.2468.Jacqui Douglas, currency strategist from TD Securities, said the cross remains very choppy and that the U.S. dollar remains

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Forex: EUR/USD: Euro struggling to hold 1.3000 level

FXstreet.com (Barcelona) - The Euro has lost positions against the Dollar as investors run for safe haven currencies. Decline from 1.3300 high last Friday has extended to levels below 1.3000 on Asian session. At the moment the Euro trades in the area between 1.2985 to 1.3035.On the downside the Euro has found support at 1.2985/75 level, and below here,next support levels might be 1.2950/45 and 1.2920. On the upside, immediate resistance lies at 1.3045 and above here, 1.3080/95 and 1.3160.EUR/GBP

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GBP/USD: The Pound attempts to stretch higher; reaches 1.4580

FXstreet.com (Barcelona) ? The Pound is trying to pick up again and reaches levels around 1.4580 after having bottomed at 1.4515 during the European session on its decline from Friday?s high at 1.4772; the Pound remains weak in the hourly charts and RSI shows a neutral tone.On the upside, potential resistance levels lie at 1.4600, and above there 1.4660 and 1.4770 (Mar 24 high). On the downside, below 1.4515, next support levels could lie at 1.4440 (Apr 23 low)

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USD/JPY tests 96.30

!--TITOL: h1USD/JPY tests 96.30FITITOL--FXstreet.com (Córdoba) ? Dollar is rising against Yen after reaching the lowest price since March 20 at 94.54. USD/JPY rose to 96.33 fresh intra-day high. Current price for the pair is 96.25 which is 1.26% above opening price. br /br /On the upside resistance levels lie at 96.30 (today highs) and 96.70 (April 13 highs). Support could be found at 96.00 95.65 and 95.15. Yen is also losing against European currencies br /br /For more information, read

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GBP/USD: Pound, above 1.4900

FXstreet.com (Barcelona) ? The Pound has posted a 150 pip rally so far to reach an intra-day high at 1.4917, approaching yesterday?s high at 1.4950.In case of further climbing above 1.4950, the Pound would get on the track towards 1.5065 (Apr 16 high), above there, 1.5080. On the downside, support levels might lie at 1.4855/70 and below there 1.4820 and 1.4765.GBP/JPY has appreciated from levels around 14600 ahead of European session opening to levels right at 148.00 at the time

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EUR/USD: Euro consolidating above 1.3215 after rally to 1.3270; well overbought

FXstreet.com (Barcelona) ? Euro rally fro,m 1.3000 dip yesterday has reached a two-week high at 1.3271 after positive Ifo data, and has pulled back later to levels above 1.3215; at the moment the Euro trades around 1.3230 into overbought levels.Resistance levels remain at 13270 and above here, 1.3300/10 before eyeing 1.3392 April 13 high; on the downside, next support level could stand in the 1.3215/00 area and below there 1.3160 (Apr 23 high) and today?s low at 1.3115.The Euro has

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Forex: GBP/USD: Pound testing levels at 1.5100

FXstreet.com (Barcelona) ? The Pound has picked up strength and, after bouncing at 1.4990, the Pound is testing levels at 1.5100, taking back recovering part of the ground lost during U.S. and Asian session.In case of successful move above 1.5100, nest resistance level comes at 1.5160 (May 5 high), and above here, 1.5190. On the downside, below 1.5100, support levels lie at 1.5065 (Apr 16 high), and below there, probably on the 1.4990/1.5000 area.GBP/JPY has bounced at 146.95 support

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EUR/USD: Euro tests levels below 1.3120, hits fresh intra-day low

FXstreet.com (Barcelona) ? The Euro is weakening further ahead of the U.S session opening and tests levels below support level at 1.3120 hitting a fresh intra-day low at 1.3107.In case of confirming a bearish move below 1.3120, next support level could lie at 1.3085 and the area between 1.3050/35. On the upside, the pound might find resistance at 1.3180, and , 1.3200 and 1.3230/45.According to Nicole Elliott, the Euro remains consolidating between moving averages ahead of a further upside test:

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