All Blog Posts Tagged 'forex' (1,574)

NZD/USD Is Likely to Start an Uptrend

What do you think when looking at the weekly chart of NZD/USD? The pair has bounced up from the trend line of a multiple-month uptrend. So, there is a great possibility that this bounce is the start of an upward marathon. Remember, NZD as a commodity currency has a very typical characteristic of commodity family: once it actually rallies, it will keep climbing non-stop for a very long period (no one want to sell the currency due to its sweet interests).…

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Added by Larry P. on July 26, 2013 at 12:11pm — 2 Comments

$NZDJPY- near top?

Currently we are at 80.28. A couple of different scenarios.  1:  bullish: a move to the upper day chart trend line @ 80.50 area) and break out we will look to the R6/1.270 Fibo @ 81.13.  2: Bearish : A break down here or at the trend line would set up a nice correction to the 79.06 area.  The average daily true range (ATR) for the pair currently is 116 pips.…

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Added by Scott Barkley on July 25, 2013 at 12:58pm — No Comments

$EURAUD- First Target?

Currently we are at 1.4362 after the break north of the rectangle.  This is a 2 part trade opportunity.  1) First target achieved and 2) the next target is  the R6/Top  @ 1.4476.  The average daily true range (ATR) for the pair currently is 189 pips.…

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Added by Scott Barkley on July 24, 2013 at 12:51pm — No Comments

$EURJPY- Wedge Break?

Currently we are at 131.91 which was target 1 from yesterday after the break north of the wedge.  This is a 2 part trade opportunity.  We need to be sure that this is NOT a head and shoulders pattern forming so an…

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Added by Scott Barkley on July 23, 2013 at 12:50pm — No Comments

$AUDUSD- Will it Break?

Currently we are at 0.9226 and waiting for the break of the wedge.  We are looking initially for a bullish continuation to the resistance area @ 0.9291-9331 - the next target the square up at 0.382  @ 0.9409.  The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on July 22, 2013 at 12:50pm — No Comments

$NZDUSD- Trend Break?

Currently we are at 0.7954 after the break north of the down trend.  A continuation move will target the 0.8013 Resistance with an outside target this week of the R5 and resistance cluster at 0.8059-76.  The average daily true range (ATR) for the pair currently is 119 pips.…

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Added by Scott Barkley on July 19, 2013 at 1:20pm — 1 Comment

$USDJPY- Wedge Break?

Currently we are at 100.17 after the break north of the wedge.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R4/5 .0214 Fibo area @ 100.55-73 and 2) the next target the 5th wave R5  @ 102.06.  The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on July 18, 2013 at 12:47pm — No Comments

$GBPJPY- Wedge Break?

Currently we are at 151.89 after the wedge break.  We are looking for a bullish continuation to the R6 @ 153.24 with the next target the resistance @ 155.68.  The average daily true range (ATR) for the pair currently is 161 pips.…

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Added by Scott Barkley on July 17, 2013 at 12:59pm — No Comments

$EURUSD Trend Break?

Currently we are at 1.3121 After a Bull flag and a trend line break to the upside.  Looking for this to be the catalyst to start the 3rd  wave.  We are looking for a bullish continuation to the resistance @ 1.3230 with the next target the resistance cluster top @ 1.3267-3300.  The core CPI could change all this though.  The average daily true range (ATR) for the pair currently is 119 pips.…

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Added by Scott Barkley on July 16, 2013 at 1:02pm — No Comments

$EURJPY- Resistance cluster ahead?

Currently we are at 130.64 after breaking the  wedge.  We are finally in  the 5th wave.  We are looking for a bullish continuation to the R6 @ 131.16 with the next target the resistance cluster top @ 131.95.  The average daily true range (ATR) for the pair currently is 145 pips.…

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Added by Scott Barkley on July 15, 2013 at 12:58pm — No Comments

Weekly Outlook Video

Added by 50Pips on July 15, 2013 at 8:58am — No Comments

EURUSD - Will The Mighty Jump Survive?

EUR/USD had a very strong upward jump during last week when the pair moved up from 1.2755 to 1.3207 i.e. 452 pips in a matter of a single day. This move broke above the 200-day moving average resistance but could not sustain and the price action fell below this resistance once again.

EUR/USD and 200-day moving average…

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Added by Himanshu Jain on July 14, 2013 at 11:45pm — 3 Comments

Forex Terminology Explained

Explanations of popular forex terminology are given as follows.

Equity – the secure part of the client account, considering the open positions, bound with the balance and floating rate (profit/loss) by the following formula: Balance + Floating rate + Swap, i.e. the funds on the client account less the current amount for the open positions, plus the current earnings for the open positions.

Free margin – the funds, which are not used for the…

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Added by Larry P. on July 12, 2013 at 12:47pm — No Comments

$NZDUSD- southbound?

Currently we are at 0.7785 on significant support.  A break of support targets the double bottom @ 0.7700. We are looking for the next target then to be the  S5 support @ 0.7593.  The average daily true range (ATR) for the pair currently is 118 pips.…

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

$EURJPY- Wedge Break?

Currently we are at 129.58 in a wedge.  Despite yesterday’s volatility the pair was still not able to start the 5th wave.  We are looking for a bullish continuation to the R6 @ 131.16 with the next target the resistance cluster top @ 131.95.  The average daily true range (ATR) for the pair currently is 62 pips.…

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Added by Scott Barkley on July 11, 2013 at 12:42pm — No Comments

$EURUSD- channel?

Currently we are at 1.2815 and working a channel to the downside.  We are looking for a bearish continuation to the support and 1.270 Fibo  @ 1.2688 with the overall target at the support cluster @ 1.2535-94.  Uncle Ben today and FOMC so caution. The average daily true range (ATR) for the pair currently is 108 pips.…

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Added by Scott Barkley on July 10, 2013 at 12:52pm — No Comments

$EURGBP- Ascending Wedge Break?

Currently we are at 0.8649 after breaking out of the ascending wedge.  We are looking for a bullish continuation to the R4 @ 0.9805 with the overall target at the day chart top @ 0.8816.  This pair moves slow but pays extremely well. The average daily true range (ATR) for the pair currently is 62 pips.…

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Added by Scott Barkley on July 9, 2013 at 1:11pm — No Comments

$EURJPY- Bear flag Break?

Currently we are at 130.07 in a fifth wave bull run.  There is a possibility that this is a head and shoulders on the day chart which would be bearish.   We are looking for a continuation to the R6 @ 131.07 with the overall target at the day chart top @ 133.82.  The average daily true range (ATR) for the pair currently is 126 pips.…

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Added by Scott Barkley on July 8, 2013 at 12:45pm — No Comments

Target Trading in the Forex upcoming week of July 7th ,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2830  on the S6 form the pivot point and a double bottom.  We are waiting to see if we get a bounce back to the 1.2900 and then a move back down to the 1.2700 area.  The average (14 day) daily true range (ATR) for the pair currently is 108 pips.…

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Added by Scott Barkley on July 6, 2013 at 4:09pm — No Comments

$EURAUD- fifth wave?

Currently we are at 1.4292 after breaking out of the wedge.  We are looking for a continuation to the 1.4434 with the overall target around 1.4500.  The average daily true range (ATR) for the pair currently is 209 pips.…

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Added by Scott Barkley on July 3, 2013 at 12:57pm — No Comments

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