All Blog Posts Tagged 'Forex' (1,452)

$CADJPY- turning?

Currently we are at 102.49 . We are looking for wave 3 and a continuation to the S4 support area @ 101.48.  The average daily true range (ATR) for the pair currently is 113 pips.…

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Added by Scott Barkley on December 19, 2014 at 2:05pm — No Comments

Target Trading in the Forex upcoming week of December 14, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2455. A couple of different scenarios:  1:  bullish: a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 103 pips.…

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Added by Scott Barkley on December 13, 2014 at 3:15pm — No Comments

$GBPJPY- more left?

Currently we are at 186.19. We are looking for a continuation to the support area @ 185.03 with an overall target @ 184.00.  The average daily true range (ATR) for the pair currently is 142 pips.…

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Added by Scott Barkley on December 12, 2014 at 2:06pm — No Comments

Target Trading in the Forex upcoming week of December 7, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2289. A couple of different scenarios:  1:  bullish: a bounce off the S6 support to the upper day chart trend line @ 1.2450 area). 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 91 pips.…

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Added by Scott Barkley on December 6, 2014 at 3:35pm — No Comments

Target Trading in the Forex upcoming week of December 7, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2289. A couple of different scenarios:  1:  bullish: a bounce off the S6 support to the upper day chart trend line @ 1.2450 area). 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 91 pips.…

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Added by Scott Barkley on December 6, 2014 at 3:35pm — No Comments

$GBPCHF- more left?

Currently we are at 1.5290. We are looking for a continuation to the Fibo resistance area @ 1.5410 with an overall target @ 1.5449.  The average daily true range (ATR) for the pair currently is 104 pips.…

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Added by Scott Barkley on December 5, 2014 at 2:09pm — No Comments

Usd/Jpy Shark Pattern December 01-2014

The Shark pattern is an other harmonic pattern like, Butterfly, the Bat, Gartley etc. And looks like this works pretty good on this pair.

When this pattern appears the probability of the price turning down is high. Potential Reversal…

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Added by Octavio Dolores on December 1, 2014 at 3:17pm — No Comments

Target Trading in the Forex upcoming week of November 30, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2440 in a 5th wave but still ranging.  We could get the turn here.  If not, look to the 1.618 Fibo @ 1.2193 as the target.  The average daily true range (ATR) for the pair currently is 107 pips.

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Added by Scott Barkley on November 29, 2014 at 3:19pm — No Comments

New Home Sales (USD): What you need to know!

New Home Sales is an another important Fundamental indicator that helps to gauge the performance of economic activity by analyzing the number of new single family homes that were sold during the previous month. This data would aid in performance evaluation by assessing the consumer spending and other economic activity that would occur due to new home sales such as the purchase of equipment for house, mortgage finance sold by financial institutions and income received by brokers for executing…

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Added by Rocky Master on November 26, 2014 at 2:58pm — No Comments

Eur/Usd Closed 26 November 2014

I just want to share a simple trade under a harmonic criteria. The first step is find a Pattern (Harmonic). This one is call: Shark.

The second step is move the Stop Loss order to break even when I obtain 20 pips or more. Now I ride in a risk free trade. My first objective is capital…

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Added by Octavio Dolores on November 26, 2014 at 1:50pm — 3 Comments

Two Most Important Fundamental Factors for USD: What you need to know!

The upcoming news for US is based on two key fundamental indicators for assessing the overall health of the economy, which in turns affect the valuation of USD.

The first one is Core Durable Good Orders which measures the number of orders placed by manufacturers, which in turn give an idea about level of purchases and production in progress that tends to gauge the performance of an economic activity. This index was -0.2% in comparison to a forecast of 0.5%, which is not a good sign…

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Added by Rocky Master on November 26, 2014 at 11:44am — No Comments

Target Trading in the Forex upcoming week of November 23, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2392 in a 5th wave.  We could get the turn here.  If not,  look to the 1.618 Fibo @ 1.2193 as the target.  The average daily true range (ATR) for the pair currently is 111 pips.

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Added by Scott Barkley on November 22, 2014 at 4:48pm — No Comments

$GBPNZD-?

Currently we are at 1.9801. We are looking for a continuation to the 1.618 Fibo area @ 1.9706 with an overall target @ 1.9665.  The average daily true range (ATR) for the pair currently is 249 pips.…

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Added by Scott Barkley on November 21, 2014 at 1:38pm — No Comments

Building Permits (USD): What you need to know!

Building permits are also one of the key indicators for assessing the economic health of a country, as its a first step towards the start of Construction activity in US. The indicator measure the number of permits issued during the month in order to give an idea about the number of construction activities that would arise in the upcoming period. The figure for this index is always given in an annualized figure. The previous month result was 1.02M in comparison to the forecast of 1.04M, (For…

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Added by Rocky Master on November 19, 2014 at 12:26pm — No Comments

Target Trading in the Forex upcoming week of November 17, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2577 in a 5th wave.  We are looking to finish this wave @ 1.2236-58 (1.270 Fibo and S6 of this wave).  Watch for the turn here. The average daily true range (ATR) for the pair currently is 107 pips.

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Added by Scott Barkley on November 16, 2014 at 7:22pm — No Comments

$USDCHF- Triangle Break?

Currently we are at 0.9675. We have a break of the triangle and looking for a continuation to the 0.270 Fibo Resistance  area @ 0.9731 with an overall target @ 0.9775.  The average daily true range (ATR) for the pair currently is 79 pips.…

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Added by Scott Barkley on November 14, 2014 at 2:07pm — No Comments

Target Trading in the Forex upcoming week of November 9, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2455 in a 5th wave.  We are looking to finish this wave @ 0.2258-87 ( 1.270 Fibo and S6 of this wave).  Watch for the turn here. The average daily true range (ATR) for the pair currently is 102 pips.

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Added by Scott Barkley on November 8, 2014 at 2:08pm — No Comments

$CADJPY- channel?

Currently we are at 100.82. We are in a bullish channel and looking for a continuation toward the R6 Resistance area @ 101.90 AFTER NFP. The average daily true range (ATR) for the pair currently is 81 pips.…

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Added by Scott Barkley on November 7, 2014 at 1:30pm — No Comments

Target Trading in the Forex upcoming week of November 2, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2524 in a 5th wave.  We are looking for the first target @ 0.2403 with an overall target in the S6/1.270 Fibo area @ 1.2423.  The average daily true range (ATR) for the pair currently is 112 pips.

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Added by Scott Barkley on November 1, 2014 at 2:08pm — No Comments

$EURAUD- Next Target?

Currently we are at 1.4223 after hitting our first target. We are looking for a continuation to the Support area @ 1.4180 then out for the week end.  The average daily true range (ATR) for the pair currently is 138 pips.…

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Added by Scott Barkley on October 31, 2014 at 1:07pm — No Comments

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