All Blog Posts Tagged 'forex' (1,594)

Target Trading in the Forex upcoming week of August 24th, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3243.  The pair is close to our target of 1.3194.  We are looking for a short correction up to get to the target and then start a 4th wave  up before the resumption to the downside.  The average daily true range (ATR) for the pair currently is 51 pips.

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Added by Scott Barkley on August 23, 2014 at 2:12pm — No Comments

$AUDCHF- wedge break?

Currently we are at 0.8494. We have a break of the wedge and looking for a continuation to the resistance area @ 0.8515 with an overall target @ 0.8540.  The average daily true range (ATR) for the pair currently is 42 pips.…

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Added by Scott Barkley on August 22, 2014 at 1:17pm — No Comments

EURUSD Swing Setup FootPrints

Since May 5 2014 Eurusd dropped 814 pips from its Fresh supply, and i posted the chart for that long term analysis, my target was 1.3400 for that swing setup, but as we know we are still holding up trendline on monthly, and sitting at weekly Fresh demand zone. So this is another good buy opportunity on the way. This is my analysis for public, it might help you guys little. The chart setup is not a guaranteed profit taking setup, they are just odds for next swing high. chart is…

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Added by Saud Shah on August 22, 2014 at 12:04am — 1 Comment

USDCAD - Testing key Averages - Downside break expected this week

The sequence of 3 up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year’s top, 1.0949. The most negative performance for 7 weeks resulted from this price action. This downside stalled on Friday around the 13/100/200 day moving averages and this introduces a note of caution but sentiment is left negative with only  the…

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Added by Alan Collins on August 18, 2014 at 7:25am — No Comments

Target Trading in the Forex upcoming week of August 17th, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3397.  The pair is in a nice channel inside the downtrend and currently in a sideways move.  This is bearish for the pair.  We are looking for a short correction up to start a 5th wave down and the continuation to the S5 @ 1.3321. The average daily true range (ATR) for the pair currently is 47 pips.

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Added by Scott Barkley on August 16, 2014 at 9:30am — No Comments

$USDJPY- Continuation?

Currently we are at 102.65. We are in a channel northbound and looking for a continuation to the resistance area @ 102.93 with an overall target @ 103.42.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on August 15, 2014 at 12:54pm — No Comments

$USDCAD- one more thrust?

Currently we are at 1.0925. We are looking for one more thrust  to the R5 area @ 1.1000 and then a correction down.  The average daily true range (ATR) for the pair currently is 49 pips.…

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Added by Scott Barkley on August 13, 2014 at 12:38pm — No Comments

GBPUSD - Bullish Hammer pattern targets higher levels

Although a new 2 month low was posted in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle charts which, especially ahead of a key 50% correction point, leaves immediate sentiment as positive. The bounce is likely to be temporary, especially while the 13 day average is intact, but sentiment is assessed as positive with potential to 1.6825, 1.6847 and 1.6866.…

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Added by Alan Collins on August 13, 2014 at 6:00am — No Comments

$GBPJPY- Bear Flag Break?

Currently we are at 171.42. We are looking for a Break of the bear flag and a continuation to the S3 area @ 170.50 with an overall target @ 169.90.  The average daily true range (ATR) for the pair currently is 74 pips.…

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Added by Scott Barkley on August 12, 2014 at 12:37pm — No Comments

$USDJPY- Diagonal Break?

Currently we are at 102.13. We are looking for a Break of the diagonal and a continuation to the R3 area @ 102.53 with an overall target @ 103.42.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on August 11, 2014 at 12:17pm — No Comments

USDCHF - Stalled near Cloud - Setback likely this week

An initial move to 7 month highs proved temporary. Profit taking was attracted above .9100 and the resulting pullback left prices virtually unchanged on the week – the 2nd such week in a row. It is the upside rejection though that has given technical signals a negative tone, although the stalling on Friday at the 13 day moving average is a concern. So potential exists for a profit taking setback to .8971/91 or even .8916.…

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Added by Alan Collins on August 11, 2014 at 6:35am — No Comments

Target Trading in the Forex upcoming week of August 10th, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3413.  The pair is in a nice channel inside the downtrend.  We are looking for a correction up to start a 5th wave down and the continuation to the S6 @ 1.3099. The average daily true range (ATR) for the pair currently is 43 pips.

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Added by Scott Barkley on August 9, 2014 at 2:01pm — No Comments

$EURJPY- Bear Flag Break?

Currently we are at 136.46 after hitting our target from yesterday. We are looking for an a-b-c correction to the unsquared area @ 136.70 and then a continuation to 135.50.  The average daily true range (ATR) for the pair currently is 42 pips.…

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Added by Scott Barkley on August 8, 2014 at 12:35pm — No Comments

$AUDJPY- Channel?

Currently we are at 95.38 in a well built channel to the downside. We are looking for a continuation to the previous support area @ 94.78.  The average daily true range (ATR) for the pair currently is 35 pips.…

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Added by Scott Barkley on August 6, 2014 at 12:38pm — No Comments

$AUDUSD- Bear Flag Break?

Currently we are at 0.9316. We are looking for a continuation to the S4/0.786 area @ 0.9276 AFTER the break of the bear flag.  Overall target is 0.9239. The average daily true range (ATR) for the pair currently is 41 pips.…

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Added by Scott Barkley on August 5, 2014 at 12:37pm — No Comments

EURGBP - Morning Star points higher this week

Although the bulk of last week's price action showed marginal movement, the week ended with a powerful move higher. Friday’s gains – the most aggressive daily performance since March – dominated price action breaking an important Marabuzo line, testing the top of a now rising Keltner channel and, most importantly, completed a Bullish Morning Star pattern on weekly charts. This formation often signals a complete change of sentiment and so we see potential through .8011 to .8050 with .8124…

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Added by Alan Collins on August 4, 2014 at 7:29am — No Comments

$GBPAUD- Triangle Break?

Currently we are at 1.8102.We are looking for a continuation to the S5 area @ 1.7997 AFTER the break of the triangle and after NFP. The average daily true range (ATR) for the pair currently is 91 pips. …

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Added by Scott Barkley on August 1, 2014 at 12:55pm — No Comments

USDCAD - Platformed by average - gains to extend this week

Following a week of indecisive trading, last week saw a renewal of investor demand. This continued the rally from this month’s low and took USDCAD to the highest levels for 5 weeks. This move was dominated by Friday’s powerful gains and although a failure to break through the 200 day avg or the Marabuzo line created 5 weeks previously concerns, the support offered by the 13 day avg last week, and a move to the top of a rising Keltner channel gives scope for the upside to extend to 1.0857 and…

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Added by Alan Collins on July 28, 2014 at 7:58am — No Comments

Target Trading in the Forex upcoming week of July27, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3432.  The pair is in a nice channel inside the downtrend.  We are looking for continuation to the S6 @ 1.3354 and a corrective bounce there for a continuation to 1.3110. The average daily true range (ATR) for the pair currently is 40 pips.

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Added by Scott Barkley on July 26, 2014 at 4:33pm — No Comments

$AUDCHF- Wedge Break?

Currently we are at 0.8509. We are looking for a continuation to the R3 area @ 0.8527 ( watch for the possible head and shoulders there) with a further target at the WEEK chart trend @ 0.8563.  The average daily true range (ATR) for the pair currently is 41`pips.…

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Added by Scott Barkley on July 25, 2014 at 1:03pm — No Comments

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