October 2018 - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Month: October 2018


AUDUSD – 3 reasons to go Long – 29/10/18

No ratings yet. AUDUSD has been in a downward trend since the beginning of the year. Within 10 months the pair dropped 1,100p, setting last Friday at the level of 0.7020 minimum of the year. Friday’s candle covered completely the Thursday candle, creating the formation of the Engulfing Bar called also Outside Bar The direction Read the full article…



GBPCHF – Inside Bar 15/10/18

No ratings yet. GBPCHF – The pair from mid-April this year moved in a bearish channel, which resistance and support were fairly well respected. At the end of September, the resistance of the channel was broken and the price moved quite dynamically north. The last session of the last week ended with a bearish candle Read the full article…



USDJPY – will the correction be continued? – 08/10/18

AUD?USD

No ratings yet.   USDJPY – Last week I wrote about this pair in the context of the expected downward correction. The predictions become a fact, and since then the quotes have already dropped by 80p. The declines reached the line of the short-term upward trend, lasting since the beginning of September, which was a Read the full article…



USDJPY – time for a correction? – 04/10/18

AUD?USD

No ratings yet.   USDJPY – moves in an upward trend since the end of March this year when the pair set the minimum at 104.55. Yesterday’s session ended at 114.55 which was the record of this year, giving an increase of 1000p in 6 months. On the Daily chart, we see that the price Read the full article…