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Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The Forex market remains open around the world for 24 hours a day with the exception of weekends.

Before the Internet revolution only large players such as international banks, hedge funds and extremely wealthy individuals could participate. Now retail traders can buy, sell and speculate on currencies from the comfort of their homes with a mouse click through online brokerage accounts. There are many tradable currency pairs and an average online broker has about 40. One of our most popular chats is the Forex chat where traders talk in real-time about where the market is going.


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32 1 4
A second Chance to Sell in GBPAUD...

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm. We will close our open trades, if the Midterm level 1.7650 is broken. New trading suggestion: Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and reinvest ...

Wassiboi Wassiboi GBPJPY, 240, Long ,
35 0 4
GBPJPY, 240 Long
Is it Time For A Reversal?? 142.50 Next? #GBPJPY

GBPJPY has melted all the way down to 140, which is a Major Support Level. I do believe a retracement is overdue. If the blue zone gets broken to the upside then I do see 142.50 and potentially 143.50 being met.

113 0 3
AUDUSD, 1D Short


Ahmed_Alsheikh Ahmed_Alsheikh EURAUD, 240, Short ,
34 0 3
EURAUD, 240 Short
EURAUD 20-24/08/2018


46 0 1
NZDCHF, 60 Long


33 0 1
AUDCAD, 1D Short


meszaros meszaros EURUSD, 60, Short ,
71 0 3
EURUSD, 60 Short
We are waiting for a short entry...

The exchange rate builds the second wave structure of ABC Correction. The peak of the second wave is 1,1500 levels. Since the correction was made after a third wave, with the difference that it started from a half wave, it is expected that the remaining half wave would be built up. If the theory is correct, then the exchange rate from around the 1,1512 level could ...

EntryKings EntryKings USDCAD, 1D, Short ,
42 0 2
USDCAD, 1D Short
USDCAD - Potentail For Lower Low

Long Term Daily Uptrend (yellow box) , hit top of channel, created channel within channel with lower highs and lower lows, Weekly Impulse Bearish can formulate. Try to secure sells as high as possible this week.

cailean123 cailean123 GBPJPY, 240, Long ,
78 0 2
GBPJPY, 240 Long
GBP JPY Long Position

Fundamental Analysis: Although at the beginning of last week there was a decent bullish rally a lot of ground was lost towards the tail end of the week. Depending on how much time is spent on the trade it should be unaffected by scheduled economic events apart from the CPI release on Friday. Brexit always remains an uncertainty and strong volatility can always be ...

DatTong DatTong GBPJPY, 240, Short ,
173 0 5
GBPJPY, 240 Short
GBPJPY, Sell on H4.

H4: - Structure: Downtrend - Below resistance -- Sell

121 0 5
AUDUSD, Forecast next week !

D1: - Structure: Downtrend - Prior tendency: sideway but broken - Closed below resistance --> Waiting confirmation --> Sell

63 0 2
USDCAD, Forecast on H4.

Pullback complex or Three falling peaks pattern ??? ( Prior analysis https://www.tradingview.com/chart/USDCAD/5yjeKhXc-USDCAD-View-trend-daily/ )

DatTong DatTong GBPCAD, 1D, Short ,
305 18 6
GBPCAD, 1D Short
GBPCAD, Continuous downtrend.

D1: - Structure: Downtrend - Tendency: Strong downward - Broken, closed below resistance, confirmation --> Sell ( Prior analysis https://www.tradingview.com/chart/GBPCAD/9URN3sGC-GBPCAD-continuous-down/ )

209 0 3
Head and Shoulders - EU - Short until 1.138 then long until 1.15

Head and shoulders pattern formed. Potentially will fill the right shoulder and carry on long First target - 1.14 Second target - 1.138 Third target - 1.15

177 5 2
GBPUSD, View Next week !

D1: - Tendency: Downward /Sideway - Test support and closed above support - Three reversal candle ---> Pullback

273 4 5
EURAUD, Continuous downtrend after broken !

D1: - Structure: Uptrend - SHS pattern forming?! - Candle: Pinbar - Prior tendency: Pullback deep ! --> Sell https://www.tradingview.com/x/sGZw3WPP/ H4: - Prior Sideway and three top and multi bottom - Strong Broken - Retest and Closed below resistance ---> Sell https://www.tradingview.com/x/4ehtRAxE/ Prior analysis ...

DatTong DatTong CADJPY, 1W, Short ,
270 4 6
CADJPY, 1W Short
CADJPY, SHS pattern forming on Weekly ?!

CADJPY, SHS pattern forming on Weekly ?!

J_Graystone J_Graystone AUDCAD, 60, Short ,
618 1 12
AUDCAD, 60 Short
AUDCAD Structure Short Trade

After watching the market push up during yesterdays AUD news, RSI went extremely over bought up at 97 The market then put in a nice Double Top right at that major 9700 even handle. On the retest we saw some nice bearish divergence on the RSI so I got involved as soon as we had the valid retest signal. Stops and targets as per the short position indicator.

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