All Blog Posts Tagged 'forex' (1,525)

Target Trading in the Forex upcoming week of June 2nd ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2996  in a wedge from the day chart.  We are waiting.  A couple of different scenarios.  1:  bullish: a move above the  upper day chart trend line @ 1.3060 area) and break out we will look to the R5 @ 1.3172-84.  2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the day chart bottom @ 1.2748 and maybe extend to the1.2657.  The average (14 day) daily true range (ATR) for…

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Added by Scott Barkley on June 1, 2013 at 2:30pm — 2 Comments

NZD vs JPY Kumo Breakout

NZD vs JPY Kumo Breakout

Today with price closing outside of the Kumo this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985…

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Added by ChaosTrader63 on May 31, 2013 at 10:49pm — No Comments

$GBPAUD- near top?

Currently we are at 1.5858.  We are looking for a little more movement to the R7 @ 1.5926  then a pullback or reversal. We are bullish and there are targets still above @ 1.5934, 1.5970.    The current average daily trading range (ATR) is 144 pips.…

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Added by Scott Barkley on May 31, 2013 at 12:49pm — No Comments

$USDCHF - bounce?

Currently we are at 0.9650 after bouncing on the trend line at 0.9600..  We are looking for a continuation up to the resistance @ 0.9736  and then the R6 Resistance later @ 0.9820. We are bullish.    The current average daily trading range (ATR) is 119 pips.…

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Added by Scott Barkley on May 30, 2013 at 12:51pm — No Comments

Time diversification and trading currency pairs, USDJPY case

Trading currencies via online trading platforms has given unique opportunity to retail Forex traders to execute their orders with real time rates so fast and accurate. Even by applying programmed strategies it might be done faster than manual actions to click on sell/buy (soft) buttons. Technology has a key role to make a fast -actually very fast- environment for FX traders.

In this environment opening and closing positions quickly is a popular method which is known in extreme cases…

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Added by Ali Karbalaee on May 29, 2013 at 8:09pm — 8 Comments

$GBPCHF - breakout?

Currently we are at 1.4564..  We have multiple tests of the break below 1.4550 and are looking again for another one.  A successful break targets  the support @ 1.4465  then a continuation to the S5/.500 fibo support @ 1.4450.  The current average daily trading range (ATR) is 131 pips.…

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Added by Scott Barkley on May 29, 2013 at 12:55pm — No Comments

AUDCAD Long...300-600 pips potential

The AUDCAD has of course been moving down over the past few weeks, and making lower highs and lower lows on most timeframes. However price is currently forming a bullish pin bar setup from a stong level of support.

Check back to…

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Added by Andrew Hewerdine on May 29, 2013 at 12:30pm — No Comments

AUDUSD Long? What do you think?

The AUDUSD has been in a constant strong downward movement over the past few weeks, and there's been good money to be made selling this pair.

However, we're at a horizontal level on the weekly timeframe, and are obviously overextended. Price is forming a bullish pin bar on the daily timeframe and has…

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Added by Andrew Hewerdine on May 29, 2013 at 11:31am — 8 Comments

$EURJPY- back to the top?

Currently we are at 132.04.  IF we can break this top in the area of 132.10-132.36 then a continuation up to theR6/Day top resistance @ 133.19 should happen.  Be aware this may take multiple attempts to get there as evidenced by all the tops.    The current average daily trading range (ATR) is 145 pips.…

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Added by Scott Barkley on May 28, 2013 at 1:09pm — No Comments

Target Trading in the Forex upcoming week of May 26th ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2935 after a strong bounce off the day chart trend line.  We are tentatively bullish but waiting.  A couple of different scenarios.  1:  bullish: a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172.  2: Bearish : A break down here or at the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748.  The average (14 day) daily true range (ATR)…

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Added by Scott Barkley on May 25, 2013 at 3:31pm — No Comments

$USDJPY- Wedge breakout?

Currently we are at 101.41 in  a breakout of the rising wedge which is bearish..  We are looking for a move down to the 0.618 Fibo @ 100.56  then a bounce.    The current average daily trading range (ATR) is 102  pips.…

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Added by Scott Barkley on May 24, 2013 at 1:32pm — No Comments

$GBPCHF- breakout?

Currently we are at 1.4579 on support.  We are looking for a small retracement then a continuation down to the 0.382 Fibo @ 1.4543 and then theS5 support @ 1.4444. The current average daily trading range (ATR) is 114 pips.…

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Added by Scott Barkley on May 23, 2013 at 1:10pm — No Comments

$USDCAD- Trying to go?

Currently we are at 1.0324. IF we can break this top we are we are looking for a move to the 1.0363 Day top and then a continuation up to the R5 resistance @ 1.0397.  We are bullish.    The current average daily trading range (ATR) is 65 pips.…

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Added by Scott Barkley on May 22, 2013 at 1:34pm — No Comments

The shortest Forex survey in the world

As you may know, I'm a big fan of MahiFX's web app. Unfortunately I can't use it in the US, but I always trade on there when I'm in Europe and practice my scalping skills when in the US on demo.



Anyway, as I was reading their blog this morning, I stumbled upon the shortest survey I have ever seen, and it somewhat confused the heck out of me!…



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Added by Dan Harrison on May 22, 2013 at 9:28am — 2 Comments

$AUDUSD- will it go?

Currently we are at 0.9788 trying to break out of a bear flag..  We are looking for an initial move to the double bottom @ 0.9711  then a continuation up to the S7 support  @ 0.9596. Watch for a bounce there. The current average daily trading range (ATR) is 101 pips.…

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Added by Scott Barkley on May 21, 2013 at 1:01pm — No Comments

$EURUSD- next target?

Currently we are at 1.2852.  We have had  a small retracement at the S5 so are looking for the continuation to the Day chart bottom @ 1.2738 and then the 1.618 support  @ 1.2710. We are bearish.    The current average daily trading range (ATR) is 109 pips.…

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Added by Scott Barkley on May 20, 2013 at 1:16pm — No Comments

EURUSD Could Reverse Into A Correction In Coming Days-Elliott Wave

EURUSD once broke lower on Friday and hit 1.2800 level that we were focusing on already a week back. Now we can count five waves down in wave 3 from 1.3195 peak which means that bottom could be near. Notice that price also tested 200% extension level of wave 1 measured from wave 2 high which could also react as a support in wave 3. With that in mind, EURUSD could make a corrective bounce this week in wave 4, back to 1.2935 before new sell-off occurs. If 1.2800 is out then watch out for the…

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Added by Gregor Horvat on May 20, 2013 at 8:01am — No Comments

$AUDUSD- next target?

Currently we are at 0.9733 on the 1.270 fibo.  We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix.  The current average daily trading range (ATR) is 87 pips.…

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Added by Scott Barkley on May 17, 2013 at 1:01pm — No Comments

$EURUSD- breakout?

Currently we are at 1.2910 reacting to the Announcements.  We are looking for a small retracement to the 0.500 Fibo @ 1.2936 and then on to the 1.2800 number.  The retracement could end up a pullback to the S4 @ 1.3011 so keep that in mind. The current average daily trading range (ATR) is 105 pips.…

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Added by Scott Barkley on May 16, 2013 at 1:06pm — No Comments

GBPUSD - Waiting for price action sell signal

Cable is at a horizontal level with continuation divergence and looks like it could move to the upside, before we see price stall and create a head and shoulders pattern.

I'm short…

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Added by Andrew Hewerdine on May 16, 2013 at 6:45am — 6 Comments

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