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Forex: GBP/USD: Pound dropped to 1.5065 low; correlated with oil prices

FXstreet.com (Barcelona) ? The Pound continues weak after having declined from 1.5330 high yesterday to intra-week low around 1.5065, and the pair dies not take off to levels above 1.5100.According to the Kshitij Consultancy Service Team, the pair has taken south after breaking 55 SMA in the 4 hour chart: ?Cable fell past the Support at 55-MA on the 4-hour chart. A break past 1.4892 (21-DMA) may signal the confirmation of bearishness which could then pull the pair down towards

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Euro corrective mode continues

FXstreet.com (Buenos Aires) ? EUR/USD, not much change since last update, pair corrective mode continues, supported by bigger time frames indicators. In the hourly, 20 SMA at the 1.4185 along with the 50% Fibonacci weekly level at the same zone, has turned into hour first resistance level for today. Hourly indicators are flat with no clear signs for the next hours, yet 4 hours charts have turned to the downside. ?Watch the 1.4110 support zone : clear break under that

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Forex: GBP/USD: Pound dropped to 1.5065 low; correlated with oil prices

FXstreet.com (Barcelona) ? The Pound continues weak after having declined from 1.5330 high yesterday to intra-week low around 1.5065, and the pair dies not take off to levels above 1.5100.According to the Kshitij Consultancy Service Team, the pair has taken south after breaking 55 SMA in the 4 hour chart: ?Cable fell past the Support at 55-MA on the 4-hour chart. A break past 1.4892 (21-DMA) may signal the confirmation of bearishness which could then pull the pair down towards

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Forex: EUR/USD holds above 1.3200

FXstreet.com (Córdoba) ? EUR/USD after reaching 1.3300 started a correction to 1.3230 which now is a support zone. For the day the pair has gain 0.91% and set the highest price for the week during the American Session. Now is holding above 1.3200. Today EUR/USD has broken an up trend line in four-hour charts that was directing the pair moves. In the long term the trend is undefined. Until uncertainty in financial markets and the real economy ceases it

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What makes AvaFX unique in the world of on-line trading is its user-oriented perspective. AvaFX was designed by retail traders who understand the needs of this new and growing market sector.

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Sterling Drops Sharply as Risk Aversion Rises

The sterling is giving back some of its gains against the U.S. dollar and the euro, but losses could be limited as the UK economy shows some signs of stabilization.GBP/USD is down sharply this morning as rising negative sentiment continues to wreak havoc on financial markets. U.S. equities are showing significant weakness, which is helping to boost general U.S. dollar strength. The EUR/GBP is also retracing some of its losses.In line UK fourth-quarter GDP, which contracted 1.5%,

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Markets extends losses; EUR/USD finds resistance at 1.3880

FXstreet.com (Córdoba) ? Wall Street is tumbling on Monday. The Dow Jones is losing 1.10% and the Nasdaq is down 3.01%. Crude-oil plunges more than 3.50% falling below $67 a barrel. The Dollar is gaining across the board but in the last hours did not reach levels above intra-day highs. EUR/USD tested the 1.3880 zone but failed to break above. Current price is 1.3865/70 which is 0.60% below the opening price. But during the American session the Euro was

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I'm A Trend Follower

Hello,I think the best way to win on forex is to follow the trends. I prefer not to take any position rather than playing a reverse.A good trend is given by moving averages on daily and hourly charts. No more indicators needed.My motto is "keep it simple, stupid"

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Forex Correlation

The following tables represent the correlation between the various parities of the foreign exchange market

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