All Blog Posts Tagged 'forex' (1,638)

USDCHF: Recovering With Caution.

USDCHF – Although the pair triggered a corrective recovery the past week, its broader medium term downtrend remains intact. If its present attempts on the upside fail, look for USDCHF to return to the 0.8967 level. Further down, support lies at the 0.8900 level with a turn below here leaving the pair targeting the 0.8850 level followed by the 0.8800 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, the alternative scenario will be for the pair to…

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Added by fxtech on October 12, 2013 at 11:22am — No Comments

$EURCAD- Wedge Break?

Currently we are at 1.4087 after the break above the 1.4100 Psychological level.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the day chart top area @ 1.4141 and 2) the next target the 5th wave R4  @ 1.4181.  The average daily true range (ATR) for the pair currently is 83 pips.…

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Added by Scott Barkley on October 11, 2013 at 12:48pm — No Comments

$NZDUSD- Wedge Break?

Currently we are at 0.8256 after the break south of the wedge.  We are looking for a bearish continuation to the support area @ 8200.  The average daily true range (ATR) for the pair currently is 89 pips.…

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Added by Scott Barkley on October 10, 2013 at 12:49pm — No Comments

$USDCHF- Reversal?

Currently we are at 100.17 after the break north of the down trend.   We are looking for 2 possibilities: 1)a bullish continuation to the 0.9150  and 2) a pullback first (more likely due to its ATR) and then a run to the 0.9150. The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on October 9, 2013 at 12:56pm — No Comments

CABLE downside to resume, breaking key average, targeting 1.6014

For the 3rd day in succession CABLE trading fluctuated around the key 13 day m.a Tue. The market was unable to continue Mon’s rejection of the downside but an early sharp selloff was also rejected. This leaves prices fluctuating around the average and does not provide strong signals but last Fri’s decline continues to dominate the background and Asian trading has again seen levels above 1.6100 attract sellers.So we're looking for the downside to develop with potential to 1.6014…

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Added by Alan Collins on October 9, 2013 at 6:28am — 1 Comment

$GBPJPY- Wedge Break?

Currently we are at 156.52 after the bounce north on the day chart trend.  We are looking for a bullish continuation to the R3 area @ 100.55-73 and 2) the next target is the R4  @ 157.74.  Watch for a stall near 157.40-50.  The average daily true range (ATR) for the pair currently is 135 pips.…

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Added by Scott Barkley on October 8, 2013 at 1:00pm — No Comments

Track the market along with me - read the market and trade at ease

Dear All

Today (08 Oct) I will track the market along with you during my live Twin webinars -"Tracking the forex market together " Part I & II.

I will explain the simple market tracking technique following the market timings,types of market moves using the live market quote page as a simple tool to track all the tradable pairs.

We also identify which 2 pairs they handle at a given time to take positions in them to close the trade with profit within the same session…

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Added by Dr. Sivaraman on October 8, 2013 at 3:30am — No Comments

$GBPCHF- Trend Bounce?

Currently we are at 1.4536 after an a-B-C correction to the trend wall.  We are looking for a bullish continuation of the 5th wave initially to the 1.4620 area.  The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on October 7, 2013 at 1:05pm — No Comments

EUR/USD - My Road Map for the Week

Added by Futuristic on October 6, 2013 at 3:01pm — No Comments

$GBPUSD- near a top?

Currently we are at recent top area @ 1.6261.  Overall we are looking for 1.6370 as the top. The average daily true range (ATR) for the pair currently is 103 pips.…

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Added by Scott Barkley on October 2, 2013 at 1:01pm — No Comments

Gbp/Aud bearish divergence on daily chart

September's last week came with some strange rumors about RBA willing to cut the rate further and the market reacted for a short time by selling the AUD. This morning RBA's statement said: "At today's meeting, the Board judged that the setting of monetary policy remained appropriate. The Board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target." So at its meeting…

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Added by Arenoosh on October 2, 2013 at 12:31pm — No Comments

$EURAUD- Channel?

Currently we are at 1.3962 in a channel.  We are looking for a bullish continuation to the R5  area @ 1.4026-37area.    The average daily true range (ATR) for the pair currently is 121 pips.…

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Added by Scott Barkley on October 1, 2013 at 12:47pm — No Comments

EURUSD - Setbacks bought. Keltner channel positive.

Although EURUSD opened with a negative gap lower yesterday, this attracted buying interest. While Sep’s high was not retested a 2nd up day in a row kept prices above the 13 day moving average and the focus on the topside, especially with the demand being extended in Asia. Although there is the likelihood of some reaction to the Asian move in early trading, signals for sentiment are positive.

So higher levels expected in the coming days. 1.3602 and 1.3626 are likely to be in the…

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Added by Alan Collins on October 1, 2013 at 6:21am — No Comments

$NZDUSD- Trend bounce?

Currently we are at 0.8297 after the bounce on the trend wall.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R6 @ 0.8335 and 2) the next target the top @ 0.8395/0.8400.  The average daily true range (ATR) for the pair currently is 83 pips.…

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Added by Scott Barkley on September 30, 2013 at 12:42pm — No Comments

GBPUSD - Gains to Extend, with dips attractive

A 4th positive weekly performance in succession last week keeps the steady demand from July's low intact. GBPUSD is now testing the most positive levels traded for 8 months and with prices 'hugging' the upper end of both weekly and daily Keltner channels and the 13 day moving average supporting, we look for the upside to continue.…

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Added by Alan Collins on September 30, 2013 at 5:58am — No Comments

$GBPUSD- Top?

Currently we are at 1.6100 after the bounce on the Day chart trend wall.  We are looking for a bullish continuation to the double top @ 1.6165.  Square up day today so watch the sellers there.  The average daily true range (ATR) for the pair currently is 104 pips.…

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Added by Scott Barkley on September 27, 2013 at 1:14pm — No Comments

$AUDUSD –downside continuation?

Currently we are at 0.9358  and sitting on the 618 Fibo.  WE anticipate continued downside first to the .786 Fibo @ 0.9288 and  then the double bottom. The big target is the S5 at the 0.9154. The ATR (Average True Range) for the pair currently is 102 pips.…

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Added by Scott Barkley on September 25, 2013 at 1:10pm — No Comments

The Top 10 Simple forex Rules

1. Never Let a Winner Turn Into a Loser

2. Logic Wins, Impulse Kills

3. Never Risk More Than 2% per Trade

4. Trigger Fundamentally, Enter and Exit Technically

5. Always Pair Strong With Weak

6. Being Right but Being Early Simply Means That You Are Wrong

7. Know the Difference Between Scaling In and Adding to a…

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Added by Abdul Rehman on September 24, 2013 at 6:41pm — No Comments

AUDUSD: Short-term Weakness Towards 0.9300-0.9330

Intra-day wave structure on AUDUSD is showing a corrective price action from 0.9376 to 0.9455 labeled as wave B that is part of an incomplete larger three wave decline from 0.9527 top. As such short-term weakness is expected down in wave C that should unfold in five waves. Fibonacci projections are pointing for a decline towards 0.9300-0.9330. Any intra-day short positions should have stops above 0.9455, short-term invalidation level.

AUDUSD 30min…

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Added by Gregor Horvat on September 24, 2013 at 8:41am — No Comments

$EURUSD- continuation?

Currently we are at 1.3515 in a sideways move which is bullish for the cross. We are looking for a  continuation to the 1.3600 area.  The average daily true range (ATR) for the pair currently is 81  pips.…

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Added by Scott Barkley on September 23, 2013 at 12:59pm — No Comments

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