All Blog Posts Tagged 'forex' (1,836)

Target Trading in the Forex upcoming week of March 23rd , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3797.  We said last week “look for the correction back to 1.3800.”.  Decision time: We are potentially starting a large downtrend but also at a bounce point and a break of the 1.3750 will confirm a move to the day chart Trend around 1.3665- 1.3591.  A bounce we will look for the top @ 1.4000.  The average daily true range (ATR) for the pair currently is 79 pips.

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Added by Scott Barkley on March 22, 2014 at 1:43pm — No Comments

$AUDUSD- bounce?

Currently we are at 0.9070 after the bounce north of the trend line.  We are looking for a bullish continuation to the R4 .0.618 Fibo area @ 91.25. The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on March 21, 2014 at 12:55pm — No Comments

Daily Forex Trading Commentary - Thursday 20th March 2014

EUR/USD - Big Sell Off From Resistance, 1.3700 Insight

We've seen a big sell-off on this pair over the last couple of days, it now looks like this market will move back to support at 1.3700 in the next few days / weeks.

This …

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Added by Lewis Barber on March 20, 2014 at 10:23pm — No Comments

Daily Forex Trading Commentary - Wednesday 19th March 2014

AUD/USD - Bearish Price Action False Break Of Key Resistance

This pair produced a bearish price action false-break of key resistance today. From here we would not be surprised to see this market move lower and perhaps retest support down at 0.8900.

This …

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Added by Lewis Barber on March 19, 2014 at 10:01pm — 2 Comments

GBP/USD diverging from EUR/USD

In my last analysis about Gbp/Usd I was saying that the RSI on the daily chart indicates that the bulls are somehow tired. Today the cable made a new lower low and this intrigued me: why is the GBP sold? It is not only against USD but against all the other currencies. There was no surprising bad numbers lately, no dovish statements, no nothing. If you ask me, the British economy is the only one in the world that at this moment is really recovering. If the selling would have come in a general…

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Added by Arenoosh on March 18, 2014 at 10:43pm — 4 Comments

Daily Forex Trading Commentary - Monday 17th March 2014

GBP/JPY - Price Moves Slowly Higher From Price Action False Break

This pair moved slowly higher today following the price action false-break we discussed in our market commentary yesterday. There is lots of room for this market to move higher and plenty of room for good risk / reward from here - though it's advisable not to be greedy 1:2 should be good enough since there is no clear trend in this market at the moment.…

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Added by Lewis Barber on March 17, 2014 at 10:25pm — No Comments

Weekly Forex Trading Commentary - Sunday 16th March 2014

GBP/USD - Price Holds Strong Above Key Support

As discussed in our market commentary on Thursday this market held above key support at 1.6580. Next week we would not be surprised to see this market continue pushing higher as the uptrend regains momentum.

GBP/JPY - Price Action False Break Of Key Support

The GBP/JPY produced a false-break of support at…

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Added by Lewis Barber on March 16, 2014 at 8:33pm — No Comments

Target Trading in the Forex upcoming week of March 16th , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3907 And it appears ( but no confirmation yet) that we have put the 3rd wave top in place.  If so look for the correction back to 1.3800 before a move to the 5th wave.  Market is also trading in a nice channel so they could simply bounce on that channel line for the top. The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on March 15, 2014 at 4:00am — No Comments

$GBPJPY- Trend Break?

 

Currently we are at 168.24 after the break south of the trend.  We are looking for a bearish continuation to the S6 area @ 167.49. …

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Added by Scott Barkley on March 14, 2014 at 1:09pm — 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 - 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

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