All Blog Posts Tagged 'forex' (1,740)

Daily Forex Trading Commentary - Monday 20th January 2014

AUD/JPY - Don't Try And Catch A Falling Knife, Wait For Retracement To Sell

This market dropped a bullish pin bar from support today but given the recent bearish momentum we will not be looking to buy into this market just yet. We will wait for price to move back to the daily EMAs and look for bearish price action signals instead to join the selling in this market.…

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Added by Lewis Barber on January 20, 2014 at 10:00pm — No Comments

Weekly Forex Trading Commentary - Sunday 19th January 2014

GBP/USD - Established Support, Looks Range Bound For Now

This market seems to have established support down near 1.6300 and looks range-bound for the foreseeable future. We will wait for a push back to the top of the range and look for price action sell signals on the daily timeframe.…

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Added by Lewis Barber on January 19, 2014 at 5:19pm — No Comments

Target Trading in the Forex upcoming week of January 19th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3532 after a break of the pennant and the 0.618 Fibo.   We are looking for a shallow bounce and then resumption to the double bottom @ 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 84 pips.…

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Added by Scott Barkley on January 18, 2014 at 4:42pm — 2 Comments

$EURUSD- pennant?

Currently we are at 1.3575 in a pennant.   We are looking for a continuation to the S5/0.618 Fibo area @ 1.3521.  The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on January 17, 2014 at 1:49pm — 1 Comment

Daily Forex Trading Commentary - Thursday 16th January 2014

AUD/JPY - Tanked Lower From Bearish Pin Bar

The AUD/JPY tanked significantly lower today from the price action pin bar that formed in Monday's trading session. This has already given traders the chance to get out with 1:2 risk / reward and now price sits above support. There is a lot of selling pressure in this market right now so we would not be surprised to see a further sell off if price can close below support at 0.9178 on a daily basis.…

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Added by Lewis Barber on January 17, 2014 at 7:00am — No Comments

$USDJPY- Trend crash?

Currently we are at 104.51 after reversal at the Trend wall.  We are looking for a continuation to the S3/ .0270 Fibo area @ 103.97. The average daily true range (ATR) for the pair currently is 66 pips.…

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Added by Scott Barkley on January 16, 2014 at 2:02pm — No Comments

Daily Forex Trading Commentary - Wednesday 15th January 2014

FTSE 100 Index - Price Smashed Through Long Term Resistance

The FTSE 100 smsashed through long-term resistance at 6800 today and now looks poised for further upside after a dip back to the dynamic support layer. We will be looking out for price action buy signals on the daily / 4-hour timeframe if price dips back from today's highs into the end of this week.…

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Added by Lewis Barber on January 15, 2014 at 9:50pm — No Comments

$GBPJPY- 5th wave?

Currently we are at 170.65 after the pullback.  We are looking for a bearish continuation to the 0.618 Fibo area @ 169.75.  The average daily true range (ATR) for the pair currently is 141 pips.…

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Added by Scott Barkley on January 15, 2014 at 2:04pm — No Comments

AUDUSD - Upside Rejection gains ground with .8865/75 targeted

This week’s signals for temporary gains have been confirmed with Monday’s strong 1 Big Fig gain and new 4 week high at .9087. The end to a sequence of higher daily lows generated a short position on Tuesday and with no sign that the deterioration is ending there is potential for .8865/75 area.…

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Added by Alan Collins on January 15, 2014 at 7:41am — No Comments

Daily Forex Trading Commentary - Tuesday 14th January 2014

USD/JPY - Pushing Higher Back Up To Resistance

After selling off from  near 105.50 last week the USD/JPY is now pushing back up towards this level again. We see potential for this market to enter choppy range-bound conditions from here and will look for  sell signals as price pushes back to key resistance.

NZD/USD - Price Action False Break Of Key…

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Added by Lewis Barber on January 14, 2014 at 10:05pm — 1 Comment

$EURNZD- headed to the bottom?

Currently we are at 1.624.  We are looking for a bearish continuation to the support area @ 1.6184 (could go as low as 1.6139)  and the next target is the day chart bottom  @ 1.6054.  The average daily true range (ATR) for the pair currently is 143 pips.…

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Added by Scott Barkley on January 14, 2014 at 2:07pm — No Comments

Currencies :)

EUR/USD

  • EUR/USD moved higher on Friday after the worse-than-expected US non-farm payrolls. The pair rebounded from the 1.3570 (S2) support barrier, near the longer-term uptrend line (light blue line), and managed to rise above the barrier of 1.3650. This keeps the longer term uptrend intact. The next resistance level is found at 1.3730 (R1), where an upward violation may challenge the key barrier at 1.3810 (R2). Only a break below the 1.3525 (S3) will argue that…
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Added by Fernando Rey L on January 14, 2014 at 12:01pm — No Comments

$NZDUSD- trend Break?

Currently we are at 0.8362 after the break north of the trend.  We are looking for a bullish continuation to the resistance area @ 0.8449 area.  The average daily true range (ATR) for the pair currently is 65 pips.…

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Added by Scott Barkley on January 13, 2014 at 2:12pm — No Comments

CABLE - 13 day average platforms gains

Buying interest reasserted last week. This resulted in a 3rd up week from the last 4 and maintained the positive tone reflected by a rising Keltner channel. The preceding week’s entire losses were regained after initial downside, and a strong setback Friday, attracted demand below the 13 day moving average. The volatility means that sentiment cannot be assessed as strong but our call is Cautiously Bullish with potential to 1.6566 and 1.6603.…

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Added by Alan Collins on January 13, 2014 at 8:42am — No Comments

Weekly Forex Trading Commentary - Sunday 12th January 2014

GBP/USD - Drops Bullish Pin Bar in Daily Uptrend

The trend in this market has been up since the middle of November last year, despite some choppy price action lately the EMAs are still directed to the upside and there have been two bullish pin bars over the last few days. We see potential for a pop higher from Friday's bar, but be careful as there is key resistance up at 1.6600. One way to play the current pin bar would be to wait for a retracement or look for an entry on the 4-hour…

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Added by Lewis Barber on January 13, 2014 at 7:00am — No Comments

Target Trading in the Forex upcoming week of January 12th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3661. The pair has broken the corrective down move and sitting on the R5 resistance.  We are looking for a bullish movement above 1.3700 but watching for a head and shoulders top. The average daily true range (ATR) for the pair has dropped and is currently is 88 pips.…

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Added by Scott Barkley on January 11, 2014 at 4:21pm — No Comments

USDCHF: Loses Upside Momentum, Vulnerable To The Downside.

USDCHF: With USDCHF failing to follow through on the back of its previous week gains at the end of the week, the risk is for further downside threats to occur. This development exposes the 0.8971 level where a break will pave the way for a run at the 0.8900 level followed by the 0.8850 level and subsequently the 0.87.79 level. Below here if seen will set the stage for more decline towards the 0.8700 level. On the other hand, resistance resides at the 0.9126 level, its Jan 08’2013 high where…

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Added by fxtech on January 11, 2014 at 4:08pm — No Comments

$GBPUSD- Cable strength?

Post NFP- Negative effect ( watch the Whipsaws): Currently we are at 1.6481.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the Resistance area @ 1.6516 and 2) the next target the 0.214 Fibo  @ 1.6549.  The average daily true range (ATR) for the pair currently is 102 pips.…

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Added by Scott Barkley on January 10, 2014 at 2:16pm — No Comments

GBPUSD - Demand grows above key average

Trading in CABLE was volatile yesterday, but within a narrow range. Price action was defined though by the fact that setbacks remained limited and a 2nd positive daily performance in a row resulted – confirming the market back above the key 13 day moving average.

Gains are gradual and signals cannot be strong until last Thursday’s Marabuzo line is broken but sentiment is positive and there is potential to 1.6510/28.…

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Added by Alan Collins on January 10, 2014 at 6:58am — No Comments

Daily Forex Trading Commentary - Thursday 9th January 2014

Crude Oil - Produced a Bullish Counter-Trend Pin Bar, Don't Try And Catch a Falling Knife!

The Crude Oil market produced a bullish pin bar from key support today, there is absolutely no way we would trade this setup long given the recent bearish moment, it would simply be far too risky. We will wait for price to retrace back up to the daily EMAs where we will look for bearish price action sell signals to rejoin the recent bearish momentum in this market.…

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Added by Lewis Barber on January 9, 2014 at 10:56pm — No Comments

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