All Blog Posts Tagged 'forex' (1,655)

Target Trading in the Forex upcoming week of November 3rd,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3490 after the largest one week decline since the week that ended 7/6/2012. The pair is working a big downtrend  now  which could bottom  out below 1.3200.  We are looking for a shallow pullback around 1.3560-85 before a movement to the S5 @ 1.3457 then the 0.786 Fibo @ 1.3378. The average daily true range (ATR) for the pair currently is 81 pips.…

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Added by Scott Barkley on November 1, 2013 at 11:38pm — No Comments

$EURJPY- Rising Wedge Break?

Currently we are at 132.17  after the break of the rising wedge.  We are looking for a continuation to the day chart trend bottom area @ 131.64 and then a bounce. The average daily true range (ATR) for the pair currently is 97 pips.…

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

$CADJPY- Wedge Break?

Currently we are at 94.03 trading in a big sideways move.  We are looking for a bullish continuation to the Resistance  area @ 94.70.  The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on October 31, 2013 at 1:13pm — No Comments

$GBPUSD- turning?

Currently we are at 1.3765 after putting in a top.  The Trend is your friend till it bends and we are bending.  Look for the square up at 1.3710 as the next target down.  The average daily true range (ATR) for the pair currently is 113 pips.…

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Added by Scott Barkley on October 30, 2013 at 1:03pm — No Comments

$AUDUSD- Wedge Break?

Currently we are at 94.93 after the break of the day chart trend line.  We are looking for a continuation to the 0214 Fibo area @ 0.9444 and 2) the next target the S5 wave target @ 0.9384.  The average daily true range (ATR) for the pair currently is 77 pips.…

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Added by Scott Barkley on October 29, 2013 at 1:07pm — No Comments

Contracting Triangles as a Reversal Patterns

The condition for a contracting triangle to be considered a reversal pattern is that price should exit in the opposite direction than the one it entered. Whenever such thing is happening, that contracting triangle is supposedly being part of a complex form of correction and such a correction might be a double or a triple combination, double three running, etc. Sometimes, under the Elliott waves theory, contracting triangles are forming the end of an x wave and absolutely one hundred percent…

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Added by Forex Brokers Hub on October 28, 2013 at 8:30pm — 2 Comments

$GBPAUD- Wedge Break?

Currently we are at 1.6850 at a bounce point.  A couple of different scenarios.  1:  bullish: a move above 1 .6882 would signal a continuation to the Resistance@ 1.6987 area) 2: Bearish : A break down here would prove the current possible head and shoulders pattern is real and would set up a nice move back to the R3 @ 1.6789.  The average daily true range (ATR) for the pair currently is 131 pips.…

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Added by Scott Barkley on October 28, 2013 at 1:02pm — No Comments

GOLD: Faces Corrective Risk.

GOLD: The commodity continues to hold on to its recovery higher suggesting further upside is envisaged. However, it will have to retake the 1,375 levels to prevent risk of a return to the downside. In case this occurs, support lies at the 1,240.00 level with a turn below here shifting attention to the 1,215.00 level and next the 1,180.00 level. Conversely, resistance lies at the 1,375 level where a breach will target the 1,399.79 level. A cut through here will open the door for a run at the…

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Added by fxtech on October 27, 2013 at 7:13pm — No Comments

$USDCAD- near top?

Currently we are at 1.0439 at the end of the third wave. This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the resistance area @ 1.0469 and 2) the next target the R4 @ 1.0503.  The average daily true range (ATR) for the pair currently is 47 pips.…

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Added by Scott Barkley on October 25, 2013 at 1:04pm — No Comments

$USDCHF- Continuation?

Currently we are at 0.8910.  We are looking for a bearish continuation to the -0.618 (1.618) Fibo area @ 0.8834.  The average daily true range (ATR) for the pair currently is 75 pips.…

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Added by Scott Barkley on October 24, 2013 at 1:13pm — No Comments

$USDJPY- break through?

Currently we are at 97.42 after the break of the wedge.  Now we are sitting on a day chart diagonal and if we break through we are looking for continuation to the S5 – double bottom area @ 96.70.  The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on October 23, 2013 at 1:04pm — No Comments

$GBPJPY- run to the top?

Currently we are at 158.67 and looking for a  break north. This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the  1.2700 Fibo area @ 159.23 and 2) the next target the top and 1.618 fibo  @ 159.81.  The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on October 22, 2013 at 12:58pm — No Comments

$CADJPY- Wedge Break?

Currently we are at 95.41.  If we negate the head and shoulders pattern we are looking for a bullish continuation to the Resistance @ 95.90. The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on October 21, 2013 at 1:02pm — No Comments

$EURAUD- Wedge Break?

Currently we are at 1.4168  in a descending wedge.  If it breaks down we are looking for a continuation to the 1.618 Fibo area @ 1.4122  and maybe to the 1.4074 ( 2.270 fibo),  The average daily true range (ATR) for the pair currently is 126 pips.…

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Added by Scott Barkley on October 18, 2013 at 1:09pm — No Comments

$AUDUSD- At the Top?

Currently we are at 0.9626 after taking out the target.  We are at the confluence of the Trend, Channel and Resistance.  We are looking for a correction to the channel bottom area @ 0.9581.  The average daily true range (ATR) for the pair currently is 72 pips.…

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Added by Scott Barkley on October 17, 2013 at 1:33pm — No Comments

$GBPJPY- Wedge Break?

Currently we are at 157.74 after the break north of the symmetrical wedge.  We are looking for a bullish continuation in the channel to the R5 area @ 158.50.  The average daily true range (ATR) for the pair currently is 146 pips.…

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Added by Scott Barkley on October 16, 2013 at 1:08pm — No Comments

$GBPUSD- Flag Break?

Currently we are at 1.5934 after the break of the bear flag.  This is a 2 part trade opportunity.  1) We are looking for a bearish continuation to the S5  @ 1.5881 and 2) the next target the support @ 1.5826.  The average daily true range (ATR) for the pair currently is 102 pips.…

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Added by Scott Barkley on October 15, 2013 at 12:55pm — No Comments

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

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