Apply now for my simple and clear Forex Course. You'll learn trading signals to make 100-150 pips per week. One-to-one skype coaching to become profitable.
After the pair rose above resistance level 1.4110 (which thus had become the current support), it broke up the higher boundary of the “wedge” figure. All this clears the way for the market to develop an uptrend with the upside targets set at resistance levels 1.4300 and further at 1.4400. The uptrend will be replaced by a downtrend in case the pair drops below support level 1.4050, which will be followed by moving down to support 1.3895 and then to 1.3800.
He started to study FOREX market in 2003. Since 2007, he started to offer analytical forecasts
for the major currency pairs and for gold prices in order to better understand the market and
to assist to traders to identify the main key market levels.
All the information given in this site is purely informational purpose only and anybody who is following these forecasts, articles, trading strategies or any other form of information should understand that this speculative market can fluctuate to an unlimited levels up or down based on unexpected events happening around the world. forexmillion.com and its owner(s)/publisher(s) DO NOT warrant or guarantee the accuracy, timelines or completeness to the service or informations you find on this site. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. There is no real trading system that guarantees the Forex trading profits. Past performance does not guarantee similar performance in the future. Forexmillion.com and its owner(s)/publisher(s) try to ensure that the information provided is complete and correct but information and opinions do change without notice so readers are advised to check back regularly before making any decisions. There may be delays, omissions or inaccuracies in information contained in this website. Forexmillion.com and its owner(s)/publisher(s) do not accept any liability in this regard. Visitors/Readers/Subscribers should use the information found here entirely at their own risk. Forexmillion.com and/or the site’s owner(s) do not accept any liability in respect of any loss or damage arising from or in connection with any use of the information on or accessed through this website.
CFTC Rule 4.41 – Hypothetical Or Simulated Performance Results Have Certain Limitations. Past performance is not necessarily indicative of future results. No futures or commodity trading system can guarantee profits. The risk of loss exists in futures trading.
Currency trading involves a high degree of risk and you can lose a lot of capital. Currency trading is not suitable for everyone and you should not trade money you can’t afford to lose.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.