If you read the article yesterday on where the forex market will go, then you know the currencies are de
Articles by Gail Mercer
A highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators. She is a successful author and has published several books on topics like how to use volume analysis, trading binary options and spreads. Gail is also a frequent contributor to Stocks & Commodities magazine. She has been recognized as an authority on Volume Analysis and has been asked to speak at the Traders Expo, Traders World, the Wyckoff Volume Analysis Conference, and Tradestation User Groups.
Quite a few of the major forex pairs have been overextended and the retracements are coming in across the board.
By Gail Mercer, September 18, 2017
Currently the EURUSD is moving upwards on the 15, 60, and 240-minute timeframes. However, all three timeframes are also overbought as the charts below show.
By Gail Mercer, September 15, 2017
As I wrote about the USDJPY yesterday, price went through the ATR and moved up. There is s
By Gail Mercer, September 12, 2017
The USDJPY 240-minute chart has formed trend divergence on the last low (white line on the Stochastics) because price formed new lows but the Stochastics did not. Currently, price is at the A
By Gail Mercer, September 11, 2017
While the US indices have been moving in a downward pattern most of the week, could this be changing? The charts below for the emini S&P 500, emini Dow Jones and emini Nasdaq show that all thr
By Gail Mercer, September 08, 2017
What's moving forex this week? The first high volatility report will be on Wednesday at 10am, when the Bank of Canada issues their rate statement and overnight rate. Although typically the USDCAD
By Gail Mercer, September 05, 2017
Looking at the potential upcoming moves on the USD forex pairs, prior to the Non-Farm Employment Change, using technical analysis, can provide clues as to where the professionals are strategically
By Gail Mercer, September 01, 2017
Following the price patterns on the forex pairs prior to the release of the Non-Farm Employment Change report on Friday at 8:30am New York time allows you to identify the upcoming move prior to the
By Gail Mercer, August 29, 2017
Looking at forex for possible moves this week becaues the Non-Farm Employment Change numbers are coming out on Friday. This is typically a huge forex mover for the US dollar based currencies (AUDU
By Gail Mercer, August 28, 2017
The 240-minute chart of the USDJPY shows that after moving up to the first congestion dot (Point A), price then moves back down to Point B. This move was created because after price breaks through
By Gail Mercer, August 25, 2017