UK Market Highlights Today | Free Forex Signals | Currency Trading

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Today we are sharing UK Market Highlights Today

M&S profit rises for the first time in four years

LONDON British retailer Marks & Spencer (MKS.L) raised hopes that it has finally rediscovered a winning formula, reporting a rise in annual profit for the first time in four years and its intention to return excess cash to shareholders.

Burberry shares down on lowered outlook

Shares in Burberry fell after the luxury goods group signalled its sales hopes for this year have been checked by the fall in spending by Chinese customers on its trademark trenchcoats and other products.

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UBS to Pay Over $500 Million in Fines for Manipulating Currencies and Libor

LONDON - The Swiss bank UBS said on Wednesday that it would pay more than $500 million in fines to the authorities in the United States for its role in the manipulation of currency markets and benchmark interest rates.

Dollar Gains Before Fed Minutes as Oil Rises, Europe Stocks Fall

The dollar strengthened to a two-week high versus the euro before the Federal Reserve releases minutes of its last meeting. Treasuries gained, European stocks fell and oil rallied after a five-day decline.

Vodafone jumps on Liberty Global deal hopes but FTSE falters

With leading shares drifting lower, Vodafone is bucking the trend on hopes of merger activity in the telecoms sector. French telecoms group Altice has agreed to buy Suddenlink for $9.1bn to enter the US cable market.


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AUDJPY Looking Further Bullish | Free Forex Signals | Currency Trading

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Today we are sharing AUD/JPY Currency Trading Signals

SUMMARY:

The secondary trend of AUDJPY is sideways on charts and from past few trading sessions prices are not sustaining at lower levels and consolidating with strong positive bias to give break out at upside. In its 30 minutes chart, the pair is forming a falling wedge, indicating further upside movement in the prices. It is facing an important resistance at the level of 96.20. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 96.20 at upside then we can expect it to test the level of 96.70/97.10.

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AUDJPY ( 30 Minutes )

AUDJPY Chart Today

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 

STRATEGY: 

AUDJPY has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1119	1.1209	1.1266	1.1356	1.1413	1.1503	1.1560
GBP/USD	1.5490	1.5562	1.5607	1.5679	1.5724	1.5796	1.5841
USD/JPY	118.64	118.93	119.46	119.75	120.28	120.57	121.10
USD/CHF	0.9056	0.9098	0.9182	0.9224	0.9308	0.9350	0.9434
AUD/USD	0.7872	0.7922	0.7956	0.8006	0.8040	0.8090	0.8124
EUR/GBP	0.7137	0.7177	0.7204	0.7244	0.7271	0.7311	0.7338
USD/CAD	1.1895	1.1955	1.2051	1.2111	1.2207	1.2267	1.2363
NZD/USD	0.7258	0.7313	0.7344	0.7399	0.7430	0.7485	0.7516

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GBPJPY Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBP/JPY Currency Trading Signals

SUMMARY:

The primary trend of GBP/JPY is bullish on charts but from past few trading sessions prices are not sustaining at higher levels. In its hourly chart, prices are consolidating with strong negative bias to give break out at downside. 30 DMA is also providing resistance to the prices & supporting the further downtrend. The pair is taking support of an important level at 187.65. If it breaks its support level of 187.65 & sustains below it we can expect it to come down to the levels of 187.05/186.50  in next few days.

RECOMMENDATION : SELL 

TARGET 186.50

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GBP/JPY ( HOURLY )

GBPJPY Chart Today

INDICATORS:-

In MACD
MACD line has recently breached the zero line ,supporting the down side movement in the market.

STRATEGY:- 

GBP/JPY is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

WEEKLY LEVELS :-

	S2	S1	R1	R2
EUR/USD	1.1013	1.1233	1.1570	1.1687
GBP/USD	1.5218	1.5470	1.5895	1.6068
USD/JPY	118.05	118.67	120.10	120.91
USD/CHF	0.8920	0.9040	0.9319	0.9478
AUD/USD	0.7738	0.7888	0.8176	0.8314
EUR/GBP	0.7070	0.7175	0.7334	0.7388
USD/CAD	1.1801	1.1907	1.2132	1.2251
NZD/USD	0.7206	0.7340	0.7586	0.7698

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EURJPY Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing EURJPY Currency Trading Signals

SUMMARY:

The overall trend of EURJPY is bullish on charts and from past few trading sessions prices are consolidating with strong positive bias to give break out at upside. In its hourly chart, prices are facing an important resistance at the level of 135.50. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 135.55 at upside then we can expect it to test the level of 136/136.40.

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EURJPY ( Hourly )

EURJPY Chart Today

INDICATORS:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 
MACD is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY: 

EURJPY has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1061	1.1131	1.1244	1.1314	1.1427	1.1497	1.1610
GBP/USD	1.5521	1.5576	1.5660	1.5715	1.5799	1.5854	1.5938
USD/JPY	117.81	118.41	118.79	119.39	119.77	120.37	120.75
USD/CHF	0.8959	0.9054	0.9111	0.9206	0.9263	0.9358	0.9415
AUD/USD	0.7827	0.7889	0.8001	0.8063	0.8175	0.8237	0.8349
EUR/GBP	0.7034	0.7077	0.7145	0.7188	0.7256	0.7299	0.7367
USD/CAD	1.1808	1.1867	1.1912	1.1971	1.2016	1.2075	1.2120
NZD/USD	0.7170	0.7242	0.7363	0.7435	0.7556	0.7628	0.7749

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Quotes Forex Traders Should Read Daily | Free Forex Signals | Currency Trading

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Today we are sharing Quotes Forex Traders Should Read Daily

Warren Buffett isn’t one of the world’s richest men by accident. He is one of the smartest investors around and there is a lot that traders can learn from the Oracle of Omaha. 

"When you combine ignorance and leverage, you get some pretty interesting results."

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Forex Takeaway: 
Leverage is a great tool when you are ready to use it responsibly. It allows you to increase your profits rapidly. That said, you need to learn how to be consistently profitable before you start adding large amounts of leverage into the mix.

"If past history was all there was to the game, the richest people would be librarians."

Forex Takeaway: 
While looking at past data and testing your trading strategy against past data is important, know that studying the past doesn’t mean you will be able to predict the future. In forex trading, the past doesn’t matter as much as we’d like to think, and dwelling on past information can lead a trader to overconfidence and a costly introduction to the current reality.

"Wide diversification is only required when investors do not understand what they are doing."

Forex Takeaway: 
When you are trading forex, don’t try to apply your strategy to every currency pair on every chart. Stick to a few pairs, learn how they work and see what affects them. You may branch out as you become comfortable and experienced. A beginner trying to trade multiple indicators across multiple currency pairs is a blown account waiting to happen. 

Those are my picks for great quotes that are worth reading before you get down to work. Feel free to drop me a line if you have a great quote that has helped you in your trading.


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AUDJPY Looking Further Bullish | Free Forex Signals | Currency Trading

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Today we are sharing AUDJPY Currency Trading Signals

SUMMARY:

The secondary trend of AUDJPY is sideways on charts and from past few trading sessions prices are not sustaining at lower levels and consolidating with strong positive bias to give break out at upside. In its daily chart, prices are facing an important resistance at the level of 95.95. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 95.95 at upside then we can expect it to test the level of 96.60/97.

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AUDJPY ( Daily )

AUDJPY Chart Today

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 
MACD is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY: 

AUDJPY has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1044	1.1087	1.1121	1.1164	1.1198	1.1241	1.1275
GBP/USD	1.5225	1.5308	1.5448	1.5531	1.5671	1.5754	1.5894
USD/JPY	118.87	119.15	119.61	119.89	120.35	120.63	121.09
USD/CHF	0.9239	0.9265	0.9304	0.9330	0.9369	0.9395	0.9434
AUD/USD	0.7779	0.7826	0.7858	0.7905	0.7937	0.7984	0.8016
EUR/GBP	0.6990	0.7064	0.7110	0.7184	0.7230	0.7304	0.7350
USD/CAD	1.1977	1.2019	1.2062	1.2104	1.2147	1.2189	1.2232
NZD/USD	0.7067	0.7197	0.7267	0.7397	0.7467	0.7597	0.7667

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FOREX TUTORIAL PART 1 | Free Forex Signals | Currency Trading

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Today we are sharing Forex Tutorial Part 1.

Would you prefer to start trading forex but feel like success depends on finding the alchemist’s stone? Do currency quotes, technical indicators, economic knowledge sound like Merlin’s Book of Magic to you?
Forex trading involves significant risk, and learning takes time. This course can get you started and provides you a more robust understanding of the basics of currency trading. our educational material can guide you through the jungle of pips, lots and chart patterns and aspires to introduce you to the markets.
Our main purpose is to hasten the learning method by supplying you the foremost helpful information within the simplest manner possible. With the ability you’ll gain by the knowledge in these pages, you will be more ready to meet the markets.

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How To Read A Currency Quote :

Forex trading is a variety of commodity trading. within the commodity market traders buy and sell assets like oil or gold in exchange for currencies. in the forex (currency trading) market the assets bought and sold are currencies themselves. As a result, unlike within the commodity, every currency’s worth is decided relative to another. for example, once the currency dealer buys an ounce of gold, he should pay for it with the US dollar, which creates a quote in which the price of the metal is defined in terms of a currency which is another asset category. however once the forex dealer buys or sells the euro, he should get it with another currency (Australian dollar, swiss franc, etc) within which case the quote created has the same asset category on either side. The results of this is often that it's not possible to talk of absolute value in the forex market as a result of it's possible to value the euro in dollars, Francs, or Yen, each being a valid choice as a worth indicator. within the case of stocks, or commodities, the value will only be indicated in USD; so it's potential to talk of an absolute value.


(For more, check out The Secret To Forex Success.)

What Is The Difference Between A Forex Trading Plan And A Trading Strategy? | Free Forex Signals

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Today we are sharing Difference Between Forex Trading Plan and Forex Trading Strategy.

Currency trading is full of plans, strategies, systems and rules, so it is easy to get confused. However, it is important to know the difference between two of your most important tools – your trading strategy and your trading plan.

A forex trading strategy is simply a collection of rules that determine how you enter and exit trades. A trading strategy can be summed up in a few lines and traders often employ several different strategies depending on how the market is moving. Some traders call the collection of strategies a trading system or refer to trading strategies as trading systems and call the collection of systems a trading strategy. Simply put, a trading system and a trading strategy are used interchangeably and focus how a trade is done. 

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A trading plan, however, is a more comprehensive document that includes the trading strategy along with other important information. Trading plans are customized to the person using them, but they usually include rules about money management, how much capital to risk in a day, the goals the trader is striving for, a system for analyzing trades, and so on. 

Trading strategies and trading plans are both works in progress in that they are constantly being tweaked and evaluated. 

(For more, check out The Secret To Forex Success.)

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AUDCAD Looking Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBPAUD Currency Trading Signals

SUMMARY:

The secondary trend of AUDCAD is sideways on charts and from past few trading sessions prices are not sustaining at lower levels and taking resistance of the falling trend line. The pair is consolidating with strong positive bias to give break out at upside. In its 4 hourly chart, prices are facing an important resistance at the level of 0.9670. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 1.9510 at upside then we can expect it to test the level of 0.9750/0.9790.

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AUDCAD ( 4 Hourly )

AUDCAD CHARTS TODAY

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 

MACD is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY: AUDCAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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GBPAUD Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBPAUD Currency Trading Signals

SUMMARY : 

The primary trend of GBP/AUD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at its rising trend line and having support at the important level of 1.9030. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of  1.8965/1.8935 in today's session.

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GBP/AUD ( Daily )

INDICATORS :

MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

STRATEGY : 

GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0935	1.1000	1.1093	1.1158	1.1251	1.1316	1.1409
GBP/USD	1.4975	1.5031	1.5107	1.5163	1.5239	1.5295	1.5371
USD/JPY	118.69	119.20	119.52	120.03	120.35	120.86	121.18
USD/CHF	0.9011	0.9122	0.9193	0.9304	0.9375	0.9486	0.9557
AUD/USD	0.7677	0.7736	0.7839	0.7898	0.8001	0.8060	0.8163
EUR/GBP	0.7250	0.7281	0.7324	0.7355	0.7398	0.7429	0.7472
USD/CAD	1.1865	1.1932	1.1999	1.2066	1.2133	1.2200	1.2267
NZD/USD	0.7410	0.7449	0.7504	0.7543	0.7598	0.7637	0.7692

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