All Blog Posts Tagged 'forex' (1,788)

$EURUSD- in position?

Currently we are at 1.3696 in position for a fresh run at the top.  We are looking for a bullish continuation to the resistance area @ 1.3740.  The average daily true range (ATR) for the pair currently is 82 pips.…

Continue

Added by Scott Barkley on February 14, 2014 at 2:30pm — 1 Comment

Sell EUR/USD from 1.3668 and GBP/USD from 1.6638

Yesterday we were selling EUR/USD from 1.3658. Stop loss was moved to 1.3653 and it was hit shortly after my signals. Well, better safe than sorry...We still got 5 pips.

EUR/USD has reached daily tops near 1.3705 after yesterday’s quick climb up from 1.3563. Today is Friday and I suggest using the opportunity and selling it again from lower level near 1.3668. Sell two positions with stop loss at 1.3706. Initial profit target must be placed near 1.3630. Don’t sell guessing tops, as it…

Continue

Added by Thom Grey on February 14, 2014 at 8:11am — 1 Comment

Daily Forex Trading Commentary - Thursday 13th February 2014

EUR/USD - Making Higher Lows, Retest Of 1.3800 On The Cards

The pin bar we discussed in our market commentary on Thursday did push lower yesterday but the losses were short lived as the market exploded higher by nearly 100 points today. This has produce a higher low which is a classic sign of a bullish market and we now see potential for this market to retest key resistance up near 1.3800.…

Continue

Added by Lewis Barber on February 13, 2014 at 10:56pm — No Comments

$USDJPY- Range or break?

Currently we are at 101.96 in a range .   A bounce in the range and look to go back to 102.89.  A break out look to the 100.71 area.  The average daily true range (ATR) for the pair currently is 112 pips.…

Continue

Added by Scott Barkley on February 13, 2014 at 2:04pm — No Comments

Keep EUR/USD short trade from 1.3658 with stops at 1.3653

Yesterday we sold EUR/USD from 1.3658 and closed one position at our initial profit target at 1.3610. First target was hit bringing us 48 pips of profit. Right now I suggest keeping your last position with the same profit target at 1.3500. Move stops to 1.3653, in case EUR starts appreciating against the USD aggressively.

I also recommended selling USD/JPY and EUR/JPY…

 

We sold two USD/JPY positions from 102.37 with first profit target fixed at 102.02. It was…

Continue

Added by Thom Grey on February 13, 2014 at 7:30am — No Comments

Daily Forex Trading Commentary - Wednesday 12th February 2014

USD/JPY - Inside Bar Below Key Resistance

A price action inside bar formed below key resistance today inline with the recent downward momentum. From here we see potential for price to breakout to the downside and a logical entry would be to place a buy-stop order below the low of Tuesday's bar (for education purposes only).

GBP/USD - Explodes Higher,…

Continue

Added by Lewis Barber on February 12, 2014 at 10:42pm — No Comments

$USDCHF- Wedge Break?

Currently we are at 0.9025 after the break north of the wedge.  We are looking for a bullish continuation to the Day chart Trend line/resistance area @ 0.9047.  The average daily true range (ATR) for the pair currently is 76  pips.…

Continue

Added by Scott Barkley on February 12, 2014 at 2:00pm — No Comments

Prepare to sell JPY pairs at the breakout

Yesterday we sold EUR/USD from upper downtrend channel line at 1.3658 with stops at 1.3703. We sold two positions with the first profit target fixed at 1.3610.

 

Today I suggest moving your stop loss order for both positions to break even in case of reversal and holding them until they reach our predefined profit targets, which remain the same (1.3610 and 1.3500).

 

We were also selling USD/JPY from 102.62 and 102.22, but the price retraced and touched our entry…

Continue

Added by Thom Grey on February 12, 2014 at 7:30am — No Comments

Daily Forex Trading Commentary - Tuesday 11th February 2014

EUR/USD - Bearish Price Action Pin Bar, Just Shy Of Resistance

This pair dropped a bearish pin bar today which formed just shy of resistnce at 1.3700. There is a high chance the market will pop higher tomorrow trying to shake-out any keen shorts so anybody looking to ride out a move back to 1.3500 should act with caution. We will probably wait and see what the market does into early morning trade tomorrow before deciding whether to play this setup or not.…

Continue

Added by Lewis Barber on February 11, 2014 at 10:47pm — 2 Comments

$GBPJPY- Wedge Break?

Currently we are at 168.55 and attempting a break of the former support.  IF we break - we are looking for a bullish continuation to the R6 area @ 170.00 over the next 2 days.  The average daily true range (ATR) for the pair currently is 230 pips.…

Continue

Added by Scott Barkley on February 11, 2014 at 2:16pm — No Comments

Daily Forex Trading Commentary - Monday 10th February 2014

AUD/JPY - Bullish Price Action Pin Bar From Key Support

The AUD/JPY formed a bullish false-break / pin bar from key support at 91.00 today. From here we see potential for a push higher and there is some news out of Australia in the next couple of hours so it's likely the Asian markets will start moving off the back of it.

NZD/USD - Inside Bar, Price…

Continue

Added by Lewis Barber on February 10, 2014 at 10:41pm — No Comments

$AUDUSD- Wedge Break?

Currently we are at 0.8940.  We would have liked a deeper retracement to the 0.8900 but …. We are looking for a bullish continuation to the R5 first wave area @ 0.9038.  The average daily true range (ATR) for the pair currently is 101 pips.…

Continue

Added by Scott Barkley on February 10, 2014 at 2:24pm — No Comments

USDCAD - Weekly Bearish Engulfing targets further profit taking

Expected selling pressure last week was confirmed as the rejection of levels near the 50% correction point (1.1236, 2009-11 fall) was shown important. Although the 13 day m.a, and a Marabuzo line from Jan 22nd, held the downside for the bulk of the week, Fri’s selling confirmed a more negative tone. In fact, last week's performance was the most bearish since September and formed a Bearish Engulfing pattern on weekly candle charts.

So, although some volatility must be…

Continue

Added by Alan Collins on February 10, 2014 at 7:28am — No Comments

Weekly Forex Trading Commentary - Sunday 9th February 2014

EUR/USD - Finds Support At 1.3500, More Upside To Come?

The EUR/USD found support down below 1.3500 last week, on Friday the market moved almost exactly how we predicted in our market commentary on Friday and we now see potential for more upside into next week. We will be watching 1.3700 carefully next week for any bearish price action signals as this held as resistance in the past. …

Continue

Added by Lewis Barber on February 9, 2014 at 11:00pm — No Comments

Target Trading in the Forex upcoming week of February 9th ,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3628  after a break of the 240 min  Chart Trend line.   Although this looks bullish the pair could turn down on the outer resistance line around 1.3685.    We are looking for a move initially to the 2nd Wave S4 @ 1.3507 and a target below that is 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 82 pips.…

Continue

Added by Scott Barkley on February 8, 2014 at 2:41am — No Comments

Target Trading in the Forex upcoming week of February 9th ,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3628  after a break of the 240 min  Chart Trend line.   Although this looks bullish the pair could turn down on the outer resistance line around 1.3685.    We are looking for a move initially to the 2nd Wave S4 @ 1.3507 and a target below that is 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 82 pips.…

Continue

Added by Scott Barkley on February 8, 2014 at 2:41am — No Comments

$USDCHF- NFP continuation?

Currently we are at 0.8988 after the negative Non-Farm Payroll numbers.  We are looking for a bearish continuation to the S3/ .0214 Fibo area @ 0.8935 area. The average daily true range (ATR) for the pair currently is 71 pips.…

Continue

Added by Scott Barkley on February 7, 2014 at 2:06pm — No Comments

USD holds its gains ahead of NFP data

Euro cedes some ground this morning, but overall still defending yesterday’s massive gains. EUR/USD (currently trading at 1.3584) yesterday rose from lows of 1.3483 to highs of 1.3618 on a relief rally as the ECB held back from indulging in further stimulus – despite that in the end its dovish…

Continue

Added by Pavli Medvedova on February 7, 2014 at 10:22am — No Comments

Daily Forex Trading Commentary - Thursday 6th February 2014

GBP/USD - Third Bullish Price Action Pin Bar From Key Support!

The market formed a third bullish price action pin bar from key support today ahead of tomorrows Non-Farm Payroll announcement. There will be high volatility in the markets tomorrow as the first major US news announcement is released for 2014. Tomorrow's trading session will determine which way this market goes from here - I suspect back up to 1.6600 to retest key resistance.…

Continue

Added by Lewis Barber on February 6, 2014 at 10:45pm — No Comments

$EURAUD- Pole Break?

Currently we are at 1.5042  after the break down of the pole pattern.  We are looking for a bearish continuation to the support area @ 1.4992  and 2) the next target is @ 1.4920.  The average daily true range (ATR) for the pair currently is 172 pips.…

Continue

Added by Scott Barkley on February 6, 2014 at 2:23pm — No Comments

Monthly Archives

2015

2014

2013

2012

2011

2010

1999

Members

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video