All Blog Posts Tagged 'forex' (1,634)

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…

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Added by Alan Collins on January 26, 2015 at 7:51am — No Comments

Target Trading in the Forex upcoming week of January 25th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1208.  Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.

 …

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Added by Scott Barkley on January 24, 2015 at 3:00pm — No Comments

EURUSD - Bounces to be limited. Potentail to 1.1282

Wednesday’s bearish Inverted Hammer pattern was…

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Added by Alan Collins on January 23, 2015 at 7:24am — No Comments

$EURGBP- triangle?

Currently we are at 0.7645 in a triangle. We are looking for a continuation to the Fibo support area @ 0.7534 with an overall target @ 0.7454.  The average daily true range (ATR) for the pair currently is 58 pips.…

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Added by Scott Barkley on January 22, 2015 at 1:35pm — No Comments

USDCAD breaks key levels. Longer term investors will target 1.2470.

Today's powerful move higher has taken USDCAD to the most positive levels since Q2 2009 and also recovered more than 76% of the fall from that year's peak.

Although some profit taking will be attracted as the dust on today's news settles, longer term investors will remain bullish of this currency pair targeting 1.2470 or even 1.2601 in the coming weeks.…

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Added by Alan Collins on January 21, 2015 at 3:57pm — No Comments

EURUSD - Keltner channel points lower. 1.1540 immediate target

Monday’s minor net gains were overturned yesterday. But the resulting downside was still muted – keeping prices near the bottom of a negative Keltner channel but without threatening Friday’s bullish Hammer pattern. This price action does not supply strong signals for sentiment but, despite Asian gains, 3cA studies are left negative for this morning with potential through 1.1561 to 1.1540 or even towards 1.1493. The risk is above 1.1642.…

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Added by Alan Collins on January 21, 2015 at 6:55am — 1 Comment

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…

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Added by Alan Collins on January 20, 2015 at 7:04am — No Comments

$NZYJPY- more left?

Currently we are at 90.92. We are looking for a continuation to the S5 support area @ 89.93.  The average daily true range (ATR) for the pair currently is 81 pips.…

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Added by Scott Barkley on January 16, 2015 at 2:01pm — No Comments

USDCAD - Powerful bounce targets levels above 1.2000

Early gains Thursday failed close to 1.2000 but the key factor is that the powerful subsequent decline of almost 2 big figures was equally aggressively reversed into the close. This rejection of levels beneath the 13 day moving average emphasises the relevance of the positive Keltner channel and we look for the upside to continue to develop towards 1.2018 and 1.2042.…

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Added by Alan Collins on January 16, 2015 at 6:56am — No Comments

GBPUSD - Potential for bounce to test 13 day avg

Tuesday’s rejection of the downside extended yesterday. The upside was not extensive but these gradual counter trend gains are now supported by intraday momentum and strength indicators (RSI) and there is scope, in our assessment, for the medium term trend defining 13 day moving average to be tested.

This comes in at 1.5291 with interim levels at 1.5251 and 1.5270. Only below 1.5171 negates this scenario.…

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Added by Alan Collins on January 15, 2015 at 7:58am — No Comments

EURUSD - Temporary, counter trend, profit taking to extend towards 1.1897

There was limited net movement in EURUSD yesterday. Both overnight highs and subsequent lows were rejected and the market continued to consolidate after 4 negative weekly performances. This price action does not provide strong signals for sentiment but despite the underlying tone remaining negative, intraday studies are more positive with scope to 1.1872 and 1.1897.…

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Added by Alan Collins on January 13, 2015 at 6:59am — No Comments

GBPUSD - Sentiment assessed as negative. Rallies to attract sellers. 1.5077 targeted

This year has begun as last year ended – with CABLE being sold to lower levels. Last week's decline was the 4th in a row, continuing to track the lower end of the daily/weekly Keltner channels and reaching the most negative prices for 18 months. This underlying bias will remain the backdrop but failure to maintain the lows and Friday’s profit taking gains from oversold extremes is likely to influence early price action. Therefore, our call is modestly Bearish with a rally near to…

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Added by Alan Collins on January 12, 2015 at 7:53am — No Comments

Target Trading in the Forex upcoming week of January 11th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1843.  Looking to see how strong the reaction we get here. A break down here would set up a nice move to the 4.236 Fibo @ 1.1699.  A bounce - look for the 1.1998. The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on January 10, 2015 at 3:53pm — No Comments

$GBPCHF- to the top?

Currently we are at 1.5401. We are looking for a continuation to the Day resistance area @ 1.5454 with an overall target @ 1.5552.  The average daily true range (ATR) for the pair currently is 109 pips.…

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Added by Scott Barkley on January 9, 2015 at 2:28pm — No Comments

USDCHF - Setback from highs to deepen towards 1.0127

Demand that has dominated the last 4 weeks continued yesterday. A new 4 year high was posted with prices maintained levels beyond the upper end of a rising Keltner channel. This emphasises the underlying trend but also the overbought situation that was modestly addressed by the failure to maintain the peaks. It is that latter element that leaves intraday mildly, temporarily, negative going into today with scope for a deeper correction before the US NFP data with potential to 1.0150 or even…

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Added by Alan Collins on January 9, 2015 at 6:58am — 1 Comment

USDCHF - Profit Taking to deepen towards 1.0035/11

Against a background of bullish signals for sentiment for this week, the week began with demand in Asia. Those highs, despite being retested in European price action, were not maintained although prices continue to track the upper end of a rising Keltner channel. This price action leaves intraday signals for sentiment mildly negative with potential to 1.1707 and 1.1693.…

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Added by Alan Collins on January 6, 2015 at 7:00am — 3 Comments

Advice For Those Who Are Currency Traders

Nearly anyone can get into foreign exchange trading. The article below

will help you learn how foreign exchange functions and what it takes to

make money through trading foreign currencies.

Forex depends on economic conditions far more than futures trading and

stock market options. It is crucial to do your homework, familiarizing

yourself with basic tenants of the trade such as how interest is

calculated, current deficit standards, trade balances and sound…

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Added by Forex Maxims on January 4, 2015 at 8:30pm — No Comments

Beneficial Tips And Tricks About Foreign Exchange Trading

Trading on the foreign exchange market can be risky, especially if you

are unsure of how to navigate the trading system. Follow the guidelines

included in this article in order to increase your chances of trading

safely and minimizing risk.

Make sure you pay attention to the news, especially news from countries

in which you have invested in their currency. Current events can have

both negative and positive effects on currency rates. Setting up some

kind of…

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Added by Forex Maxims on January 4, 2015 at 8:30pm — No Comments

Target Trading in the Forex upcoming week of January 4th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2004.  Looking to see what reaction we get here. A break down here would set up a nice move to the S6 @ 1.1883.  A bounce - look for the 1.2260. The average daily true range (ATR) for the pair currently is 97 pips.…

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Added by Scott Barkley on January 4, 2015 at 1:23am — No Comments

New Revenue Stream - Currency Trading

It is also about buying foreign currency, the most traded in the

international market such as the US dollar, UK pound or the Euro, on a

daily basis from the open market. It is sold either the same day or

two-three days later when the demand for the particular currency is

higher. Though the fluctuation in the currency rates is marginal, the

earnings can be on the greater side since currency trading is carried

out in the form of bulk. Only registered organizations and…

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Added by Forex Maxims on January 2, 2015 at 2:40am — No Comments

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