DAX Daily Update – May 6th – Friday’s US Nonfarm Payrolls data

On Thursday there wasn't any bigger turns at indices. German DAX finished at low plus +0.24% and defended support at 9810 pts. French CAC40...

AUDUSD breaks another support

After breaking upward trend line, AUDUSD rate stopped near the support 0.7840, however the next day brought a break below. Yesterday’s session tested the former...

Trading for begginers – USDCHF doji forms fake breakout

US dollar to Swiss franc currency pair trend still remains downward and this week brought another test of the support at 0.95, where doji...

EURAUD – after correction increases will return

Yesterday the price reached 1.5400 level, where was a weak resistance and then EURAUD rebounded. Due to the fact that upward movement lasted for...

Price Action Daily Setups – EURCAD, EURUSD, GBPUSD, USDJPY – May 5th

EURCAD Euro to Canadian dollar broke above resistance and that changes the short-term sentiment on the currency pair. Now we should observe H4 chart and...

USD/CAD is testing a bearish tredline

USD/CAD stays in a bearish trend since January. Pair is currently testing a trendline for the fourth time since then. Also, we are still...

GBPAUD with chances at further upward movement to 1.9880

For two weeks GBPAUD has been continuing its upward movement. Last week the demand broke resistance at 1.8830 and yesterday another but stronger resistance...

USD/CHF gets through support zone

Since March USD/CHF can't create longer directional move. It tested once support zone marked orange and yesterday we've seen another test of this area....
How to trade news on the Forex market

Al Brooks Price Action: Gap down and what’s next?

The Emini had another reversal day, despite the big gap down and early selling. The Emini has been in a trading range for a...

Price Action Daily Setups – AUDUSD, EURAUD, EURUSD, USDJPY – May 4th

AUD/USD If you are interested in Price Action Strategy description, you can read it here. Yesterday we saw a stronger USD appreciation. Aussie fell and stopped...

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