The MACD Indicator and Price Divergence

Divergence provides clues not answers Charts are merely graphical representations of the price of an asset over a defined period. Some novice traders get things...

PIP WARS contest began. Let the force be with you.

PIP WARS contest began. Join to the game. All you need to do is trade. Trade effectively. The winners will be traders, who have generated the...

AUDCAD – highest since October 2014

Since 8 weeks there is an uptrend rally at AUDCAD. Without bigger correction price gains more than a 800 pips. Today upward movement is...

EURJPY – failed attempt of break above triangle upper limit

In January there is a side trend at EURJPY and price formed triangle pattern. Today bulls tried to broke above upper limit of the...

EURUSD – movement in consolidation

Since December 3 EURUSD moved in a range where its volatility stabilized. Price moves between 1.0800 - 1.1055. Christmas season caused even more reduction...

GBPNZD – after 4 months of declines rebound is likely

Since the beginning of this year to August GBPNZD gain almost 25%. In August there was a correction that lasts until today. Currently there...

FxGrow Offers 50% Discount for Summer Trading

50% Spread Discount promotional offer will be extended until the end of summer! The 50% Spread Discount special offer is available for all new FxGrow...

AUDJPY – attempt of break below the lower limit of the flag pattern

Since August AUDJPY moved in a flag pattern. Flag is a pattern of trend continuation which means that price should break below lower limit...

EURUSD – above support 1.1100, movement towards 1.1380 possible

Since a week EURUSD continues downward movement. Yesterday better than forecasted macro data were published - the US Producer Price Index. The second macro...

GBPJPY – on resistance and highest since August 2015

In previous analysis of November 6 I pointed trend line and support which should cause rebound. I wrote: "The trend line was tested for...

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