All Blog Posts Tagged 'forex' (1,827)

Daily Forex Trading Commentary - Thursday 13th March 2014

GBP/USD - Explodes Higher, But Lost All Gains Into The Close

This pair popped higher today before giving up all of its gains into the close following the pin bar buy signal we discussed in our market commentary yesterday. From here we still see potential for the market to move higher and the sell-off that occurred this afternoon / evening could just be the big players trying to scare retail traders out of their long positions. The trend is up on the weekly, so the upside is…

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Added by Lewis Barber on March 13, 2014 at 10:39pm — No Comments

Daily Forex Trading Commentary - Thursday 13th March 2014

GBP/USD - Explodes Higher, But Lost All Gains Into The Close

This pair popped higher today before giving up all of its gains into the close following the pin bar buy signal we discussed in our market commentary yesterday. From here we still see potential for the market to move higher and the sell-off that occurred this afternoon / evening could just be the big players trying to scare retail traders out of their long positions. The trend is up on the weekly, so the upside is…

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Added by Lewis Barber on March 13, 2014 at 10:39pm — No Comments

Daily Forex Trading Commentary - Wednesday 12th March 2014

GBP/USD - Bullish Price Action Pin Bar From Key Support

The GBP/USD produced a small bullish price action pin bar from key support today and we now see potential for another move higher over the next couple of days.

This …

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Added by Lewis Barber on March 12, 2014 at 10:27pm — No Comments

Daily Forex Trading Commentary - Tuesday 11th March 2014

EUR/USD - Small Rejection Of Dynamic Support

The EUR/USD rejected dynamic support today in a strong uptrend. The candle did end bearish so there is still a chance of a deeper replacement, but given the fact the uptrend is strong here the highest probability scenario remains an upward continuation over the next few days.

USD/JPY - Price Consolidating Above…

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Added by Lewis Barber on March 11, 2014 at 10:41pm — No Comments

USDCHF weak recovery so sentiment targets .8739

A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…

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Added by Alan Collins on March 11, 2014 at 7:13am — No Comments

Daily Forex Trading Commentary - Monday 10th March 2014

GBP/USD - Market Dips Back To Support

This market dipped back towards support today as the uptrend took a bit of a breather. We remain bullish on this market whilst price is closing above 1.6600 and will look for price action buy signals on the daily / 4-hour timeframe over the next couple of days.

USD/JPY - Price Holding Above Key Resistance /…

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Added by Lewis Barber on March 10, 2014 at 10:00pm — 1 Comment

Weekly Forex Trading Commentary - Sunday 9th March 2014

GBP/USD - Price Remains Supported By 8-Day EMA, Continuation Of Uptrend Likely

Despite the NFP announcement on Friday the GBP/USD has remained supported by the 8-day EMA. This market is still in an uptrend and so the most likely scenario next week is a resumption of the buying pressure and a retest of resistance at 1.6800. If the market closes above 1.6800 early next week this could open the flood gates to significantly higher prices in this market.…

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Added by Lewis Barber on March 9, 2014 at 8:45pm — 1 Comment

Target Trading in the Forex upcoming week of March 9th , 2014

Posted Early-I am traveling

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3867 looking to finish a 3rd wave to the top.  A couple of different scenarios:  1:  a bounce on the former pennant line and a move to the 1. 270 Fibo @ 1.4004 area) 2: An a-b-c  correction to the trend line @ 1.3780 area would set up a nice wave to the same target . The average daily true range (ATR) for the pair currently is 72 pips.

 …

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Added by Scott Barkley on March 8, 2014 at 1:00pm — No Comments

$EURNZD- Wedge Break?

Currently we are at 1.6369 attempting the break north of the wedge.  We are looking for a bullish continuation to the resistance area @ 1.6420-28. The average daily true range (ATR) for the pair currently is 141 pips.…

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Added by Scott Barkley on March 7, 2014 at 1:54pm — No Comments

Daily Forex Trading Commentary - Thursday 6th March 2014

Crude Oil - Bullish Price Action False-Break Of Key Support

The Crude Oil market produced a bullish price action false-break of key support today. From here we would not be surprised to see this market move higher and there will be high volatility tomorrow with the NFP announcement due out of the US.

This …

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Added by Lewis Barber on March 6, 2014 at 10:23pm — No Comments

Daily Forex Trading Commentary - Wednesday 5th March 2014

GBP/USD - Price Remains Above Dynamic Support, Market Making Higher Lows

The pound-dollar pushed higher today as the market rejected dynamic support and now looks poised to make another run higher as the uptrend regains momentum. With the NFP news announcement on Friday we expect to see a lot of volatility on this pair into the end of this week - the most likely scenario remains an upside advance.…

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Added by Lewis Barber on March 5, 2014 at 10:32pm — 1 Comment

Daily Forex Trading Commentary - Tuesday 4th March 2014

EUR/USD - Market Consolidates Further Below Resistance, Rejecting Higher Prices

This market consolidated today below key resistance at 1.3800 and dropped a bearish pin bar in the process. The most logical stop placement on this market would be above Friday's bullish bar for anybody looking to short. Given the amount of time this market has spent trying to move above 1.3800 and failed I would not be surprised to see a rotation lower from here.…

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Added by Lewis Barber on March 4, 2014 at 9:00pm — No Comments

Are we back to the "risk off" sentiment?

In the last few days, I tried to understand better the Crimea conflict and mostly why Putin sent his Panzers there. Asking around, I got this answer:

A Frenchman, a German and a Russian were bragging about their countries.

The Frenchman: we have modern cars. We use Renault to travel in France and the Peugeot when we go outside of France.

The German: we have modern cars too. We use Volkswagen when we travel in Germany and Mercedes when we go…

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Added by Arenoosh on March 4, 2014 at 11:02am — No Comments

Daily Forex Trading Commentary - Monday 3rd March 2014

GBP/USD - Market Dips Back To Dynamic Support, Bias Remains Bullish Above 1.6600

This currency pair dipped back to dynamic support as the markets sold-off aggressively relating to concerns of political unrest in Ukraine. We remain bullish on this market whilst price closes above 1.6600 and would recommend looking for price action buy signals on any dip back to dynamic support to join the recent strength here.…

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Added by Lewis Barber on March 3, 2014 at 9:57pm — No Comments

Keep your GBP/JPY and AUD/JPY sell trades open. Ukraine news is the key.

Today the fx markets opened with gaps facing down mainly due to the recent events in Ukraine and Russia, where intense situation almost escalated into a war. Almost...but the chance that we could be on the brink of war still remains.

Today I recommend watching the Ukraine news, as those could be the key to fx market changes that could even surpass the findamental economical PMI news from Europe and US.

We sold GBP/JPY and AUD/JPY on Sunday night when the 169.60 and 90.66 levels…

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Added by Thom Grey on March 3, 2014 at 7:36am — No Comments

Target Trading in the Forex upcoming week of March 2nd , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3823 looking to finish a 5th wave to the top.  The pair has been ranging but is now underway but with little left to the top.    We are looking for a correction and then more ranging after that.   The average daily true range (ATR) for the pair has dropped drastically and is currently is only 72 pips.…

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Added by Scott Barkley on March 1, 2014 at 3:41pm — No Comments

$GBPAUD- More topside?

Currently we are at 1.8696 after the break north of the bull flag.  We are looking for a bullish continuation to the first wave resistance R6 @ 1.8730  and 2) the next target the 5.3rd wave R5  @ 1.8774.  The average daily true range (ATR) for the pair currently is 188 pips.…

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Added by Scott Barkley on February 28, 2014 at 2:35pm — No Comments

Sell EUR/USD, EUR/JPY and GBP/JPY

Yesterday we sold EUR/USD, GBP/USD and EUR/JPY.

 

For today I recommend selling EUR/USD again from 1.3691 level. Reason for entry is quite simple: 123 strategy (High – low – high – broken low), and broken uptrend lower channel line, which indicates that EUR/USD could be going down. If 1.3691 level is broken and hourly candle stays below, we could see the price going for 1.3644 first (first profit target) and then possibly to 1.3600. Anyway, I suggest moving stop loss order of…

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Added by Thom Grey on February 28, 2014 at 7:51am — 3 Comments

Platinum Breakout Coming Up?

Was there a true platinum (CFD Ticker: XPTUSD) breakout in January? Platinum's price clearing $1480 would mean that the trend is changing: the series of lower highs would end. Currently, platinum is located in an interesting position- trapped in a sideways channel in relation to the highs of October 2013 and January last month. Thus, platinum appears to hover over the breakout trendline yet it’s not finding new highs after its breakout. Platinum has attempted a bullish…

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Added by Daniel Elo on February 27, 2014 at 5:21pm — No Comments

Eur/Jpy technical analysis

I have to say it’s been a while since I haven’t looked at eur/jpy. I did it today though. But only because I wanted to check if the eur/usd drop from yesterday was because of a strong usd or because a weak eur, so I controlled all the eur/crosses. The conclusion was that seems there is an increasing pressure on the single currency.

Next week, on 6th of March the ECB is meeting again to discuss the monetary policies and the latest inflation numbers force the speculators to…

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Added by Arenoosh on February 27, 2014 at 3:48pm — No Comments

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