30
Mon, 30 Apr 2012 19:56:27 GMT
A number of factors suggest that the EUR/NZD could rally at 1.5995.
Mon, 30 Apr 2012 17:57:50 GMT
Swing Technicals- USD/CHF Long Opportunity at 0.8933 Published on 30/04/2012
Mon, 30 Apr 2012 16:53:43 GMT
This week is an exceptionally busy week in the foreign exchange market.
Mon, 30 Apr 2012 13:56:56 GMT
Information from the latest COT data and charts of three different timeframes all suggest that the GBP/USD may continue higher…
Mon, 30 Apr 2012 09:05:12 GMT
Based on the price action in the foreign exchange market this morning, investors are nervous about the busy trading week.
Mon, 30 Apr 2012 08:52:23 GMT
Candlestick Daily: GBP/USD Long Hits Target, Looking to Reload Published on 30/04/2012
Mon, 30 Apr 2012 05:52:32 GMT
It’s been a very placid night of trading in the currency market with liquidity further constrained by the fact that Asian capital markets will be closed for mos
Mon, 30 Apr 2012 02:44:51 GMT
German Retail Sales finally turned positive in March after four consecutive months of contraction but the rebound was slightly less than forecast suggesting tha
29
Sun, 29 Apr 2012 12:57:26 GMT
See what this week's price action may bring for 7 major currency pairs...
27
Fri, 27 Apr 2012 17:34:06 GMT
A number of factors suggest that the EUR/AUD could rally at 1.2512.
Fri, 27 Apr 2012 17:03:32 GMT
Swing Technicals- USD/CHF to Resume Uptrend at 0.8933? Published on 27/04/2012
Fri, 27 Apr 2012 16:52:52 GMT
Fed Chairman Ben Bernanke did a number on the U.S. dollar this week.
Fri, 27 Apr 2012 13:00:57 GMT
Selling the EUR/GBP near current market prices would not be logical (because rates are sitting just above a level of previous support), but if the pair bounces
Fri, 27 Apr 2012 09:21:51 GMT
Currency traders are selling dollars this morning for 2 main reasons.
Fri, 27 Apr 2012 08:49:32 GMT
Candlestick Daily: GBP/USD Long Enters, Room up Toward 1.6300 Published on 27/04/2012
26
Thu, 26 Apr 2012 20:05:50 GMT
A number of factors suggest that the CHF/JPY could rally at 88.18.
Thu, 26 Apr 2012 17:41:49 GMT
Swing Technicals- NZD/USD to See Resistance at 0.8228? Published on 26/04/2012
Thu, 26 Apr 2012 17:19:44 GMT
It has been a very quiet day in the foreign exchange market with the U.S. dollar holding steady against most of the major currencies.
Thu, 26 Apr 2012 13:04:41 GMT
Now that the GBP/USD has broken conclusively above the 1.6165 level, the bias has shifted to bullish for further rallies over the coming days.
Thu, 26 Apr 2012 08:41:41 GMT
The U.S. labor market is in trouble.
Thu, 26 Apr 2012 07:45:39 GMT
Candlestick Daily: USD/CAD at 7-Month Lows, Sell Opportunity to Mid-.9700s Published on 26/04/2012
25
Wed, 25 Apr 2012 19:59:21 GMT
A number of factors suggest that the EUR/JPY could rally at 105.97.
Wed, 25 Apr 2012 18:36:37 GMT
Swing Technicals- USD/JPY Slowly Climbing to Resistance at 82.34 Published on 25/04/2012
Wed, 25 Apr 2012 18:36:37 GMT
Swing Technicals- NZD/USD to See Resistance at 0.8228? Published on 25/04/2012
Wed, 25 Apr 2012 17:13:02 GMT
Fed Chairman Ben Bernanke preaches transparency but today’s FOMC announcements have once again created more confusion than clarity.
Wed, 25 Apr 2012 13:37:22 GMT
Fundamentally, recent economic reports should have caused the Aussie to plummet against major rivals.
Wed, 25 Apr 2012 08:56:24 GMT
With European bond yields continuing to decline and bond spreads throughout Europe compressing, the euro broke the top side of its 2.
Wed, 25 Apr 2012 08:15:46 GMT
Candlestick Daily: New Sell Chance as GBP/USD Fades Off 7-Month Highs Published on 25/04/2012
Wed, 25 Apr 2012 05:55:08 GMT
Cable was hurt by weaker than expected GDP figures plunging below the 1.
Wed, 25 Apr 2012 04:53:20 GMT
UK recorded its second consecutive quarter of contraction as GDP suprised to the downside printing at -0.2% versus 0.
24
Tue, 24 Apr 2012 19:59:13 GMT
Swing Technicals- USD/JPY Short Opportunity at 82.34 Published on 24/04/2012
Tue, 24 Apr 2012 19:56:11 GMT
A number of factors suggest that the EUR/CAD could rally at 1.2882.
Tue, 24 Apr 2012 16:05:55 GMT
The euro ended the North American trading session slightly higher against the U.S. dollar. Although we can attribute the currency’s s
Tue, 24 Apr 2012 13:18:46 GMT
The market is constantly changing and occasionally, price action developments make previous trade ideas illogical.
Tue, 24 Apr 2012 11:54:51 GMT
The Federal Reserve is scheduled to make a monetary policy announcement on Wednesday and the general belief in the market is that the Fed
Tue, 24 Apr 2012 10:09:49 GMT
Investors are feeling a little bit more optimistic this morning after yesterday's sharp sell-off in equities and pullback in currencies.
Tue, 24 Apr 2012 07:50:27 GMT
Candlestick Daily: GBP/USD at Make-or-Break Level Published on 24/04/2012
Tue, 24 Apr 2012 05:49:11 GMT
A very quiet lackluster night of trade in the currency market with EUR/USD clawing back some of the losses from yesterday as relatively good auctions in Spain a
Tue, 24 Apr 2012 03:39:41 GMT
Australian inflation printed markedly cooler than expectations sending Aussie lower in Asian session trade. On a quarterly basis Australian CPI came in at 0.
23
Mon, 23 Apr 2012 19:55:39 GMT
We have updated our profit target for last week's GBP/CAD trade opportunity.
Mon, 23 Apr 2012 17:52:40 GMT
Swing Technicals- AUD/USD Reaches Profit Target at 1.0323 Published on 23/04/2012
Mon, 23 Apr 2012 16:53:18 GMT
Problems in Europe and a corruption scandal for Wal-mart, the world’s largest retailer sent currencies and equities sharply lower today. All 3 U.S.
Mon, 23 Apr 2012 16:53:18 GMT
Problems in Europe and a corruption scandal for Wal-mart, the world’s largest retailer sent currencies and equities sharply lower today. All 3 U.S.
Mon, 23 Apr 2012 13:45:59 GMT
Though the EUR/AUD has pulled back slightly thus far in April, the pair managed to find a floor at previous-support-turned-resistance at 1.
Mon, 23 Apr 2012 09:33:16 GMT
The lack of U.S. economic data this morning did not minimize volatility in the currency market. A flurry of bad
Mon, 23 Apr 2012 08:46:01 GMT
Candlestick Daily: Short-Term GBP/USD Sell Opportunity Published on 23/04/2012
Mon, 23 Apr 2012 04:55:50 GMT
Risk FX slipped lower on the first trading day of the week on raised investor concerns that Eurozone may now be facing its third consecutive quarter of contrac
Mon, 23 Apr 2012 03:48:53 GMT
German combined flash PMI data for April missed its mark printing at 50.9 versus 51.
22
Sun, 22 Apr 2012 14:22:29 GMT
A technical preview into what this week's price action might bring for 7 major currency pairs...
20
Fri, 20 Apr 2012 17:05:43 GMT
With no U.S. economic data released today, forex traders were focused primarily on risk appetite, earnings and this weekend’s event risks.
Fri, 20 Apr 2012 16:42:30 GMT
Swing Technicals- EUR/USD Closes Just Below 1.3235 Short Entry Published on 20/04/2012
Fri, 20 Apr 2012 15:10:24 GMT
A number of factors suggest that the GBP/CHF could see a pullback near 1.4798.
Fri, 20 Apr 2012 13:03:26 GMT
Discover an inherent cognitive error that all humans have, how political pundits such as Glenn Beck and Rachel Maddow have exploited it, and how to reduce its d
Fri, 20 Apr 2012 08:47:13 GMT
Currencies are trading higher this morning thanks to better than expected European economic data.
Fri, 20 Apr 2012 08:27:41 GMT
Candlestick Daily: EUR/USD Above 1.3200, GBP/USD Rally Breaks 1.6100 Published on 20/04/2012
Fri, 20 Apr 2012 05:03:43 GMT
Risk FX was boosted in morning European trade today by better than expected IFO reading out of Germany and stronger Retail Sales from UK with EUR/USD rising abo
Fri, 20 Apr 2012 04:23:46 GMT
German IFO survey printed better than expected rising for the sixth straight month as the country’s manufacturing sector continues to defy concerns over slowdow
19
Thu, 19 Apr 2012 20:59:31 GMT
An impulsive Elliott wave may complete near previous long term resistance within the context of a downtrend.
Thu, 19 Apr 2012 18:21:03 GMT
Swing Technicals- AUD/USD Approaching Long Entry at 1.0276 Published on 19/04/2012
Thu, 19 Apr 2012 17:05:56 GMT
For the third day in a row, the euro was unchanged against the U.S. dollar.
Thu, 19 Apr 2012 13:30:03 GMT
Earlier this morning, the CAD/JPY tested a key resistance confluence from a bearish trend line and the 50% Fibonacci retracement on the daily chart before rever
Thu, 19 Apr 2012 10:11:22 GMT
Despite weaker than expected U.S. economic data, most of the major currencies are trading higher against the U.S. dollar.
Thu, 19 Apr 2012 08:56:45 GMT
Candlestick Daily: GBP/USD Long Hits Target as 2012 Highs Broken Published on 19/04/2012
Thu, 19 Apr 2012 05:24:36 GMT
The EUR/USD spiked above the 1.
Thu, 19 Apr 2012 03:38:04 GMT
USD/JPY continued to grind higher in Asian session trade today breaking above the 81.
18
Wed, 18 Apr 2012 20:04:58 GMT
I am going to slightly change the way that I label my trade ideas. Please read the full article for more details.
Wed, 18 Apr 2012 18:03:47 GMT
Swing Technicals- EUR/USD Short Opportunity at 1.3235 Published on 18/04/2012
Wed, 18 Apr 2012 16:29:09 GMT
Despite some intraday volatility, the euro continued to consolidate against the U.S. dollar.
Wed, 18 Apr 2012 13:04:12 GMT
The USD/JPY has now stalled at a longer-term, and thus more significant, trend line which has formed over the past month.
Wed, 18 Apr 2012 08:51:41 GMT
European bond yields continued to fall this morning but with U.S. equity futures pointing to a lower open,
Wed, 18 Apr 2012 08:13:15 GMT
Candlestick Daily: GBP/USD Break Above 1.60 to Signal Run to 2012 Highs Published on 18/04/2012
Wed, 18 Apr 2012 05:38:49 GMT
Euro and cable went their separate ways in morning European trade today with former dropping below the 1.
Wed, 18 Apr 2012 04:58:38 GMT
Sterling hit a 19 month high against the euro and rose towards the psychologically key 1.
17
Tue, 17 Apr 2012 19:45:26 GMT
A bullish Gartley pattern is emerging on the AUD/USD.
Tue, 17 Apr 2012 17:52:16 GMT
Swing Technicals- AUD/USD Short Idea Updated; Sell at 1.0540 Published on 17/04/2012
Tue, 17 Apr 2012 17:16:59 GMT
With most of the major currency pairs appreciating against the U.S. dollar and U.S.
Tue, 17 Apr 2012 13:26:07 GMT
In another sign that April has been a good month for the Japanese Yen, the GBP/JPY has dropped over 500 pips since April Fools’ Day.
Tue, 17 Apr 2012 09:10:42 GMT
Currencies and equities are trading slightly higher this morning thanks to better than expected economic data from Europe and a relatively healthy Spanish bond
Tue, 17 Apr 2012 08:37:41 GMT
Candlestick Daily: EUR/USD Buy Reaches Target, Candlestick Pattern Points to Potential Reversal Published on 17/04/2012
Tue, 17 Apr 2012 05:35:37 GMT
Risk FX burst higher in morning European trade following strong uptake for Spanish T-bill auction and better than expected ZEW readings which indicated that in
Tue, 17 Apr 2012 03:24:55 GMT
The RBA minutes indicated that Australian monetary authorities saw a slowdown in growth at the start of 2012 and were most likely preparing to lower rates in th
16
Mon, 16 Apr 2012 21:00:42 GMT
A bullish Gartley pattern is emerging that may provide an opportunity to go long at a strong bullish trend line.
Mon, 16 Apr 2012 17:50:18 GMT
Swing Technicals- AUD/USD Short Opportunity at 1.0538 Published on 16/04/2012
Mon, 16 Apr 2012 16:58:34 GMT
The U.S. dollar sold off against all of the major currencies despite a better than expected U.S. retail sales report.
Mon, 16 Apr 2012 13:13:44 GMT
A number of technical signs on the GBP/AUD suggest that the recent selloff may be coming to an end and that the pair could soon retest the highs of last week….
Mon, 16 Apr 2012 09:06:30 GMT
Equity futures are trading higher this morning and currencies have recovered courtesy of the better than expected U.S. retail sales report. The U.S.
Mon, 16 Apr 2012 08:35:49 GMT
Candlestick Daily: EUR/USD Buy Opportunity on Bounce off 1.30 Published on 16/04/2012
Mon, 16 Apr 2012 05:01:07 GMT
Another bleak night of trade for risk FX as widening spreads in the EZ credit markets continued to pressure the EUR/USD on the first trading day of the week wit
15
Sun, 15 Apr 2012 20:17:29 GMT
Risk currencies were slightly lower at the start of week’s trade in very quiet Asian dealing despite the fact that China widened the trading band on yuan over t
Sun, 15 Apr 2012 15:55:12 GMT
A technical preview into what this week's price action may bring for 7 major currency pairs...
13
Fri, 13 Apr 2012 18:00:02 GMT
A bearish Gartley pattern is forming on the EUR/JPY within the context of the recent downtrend.
Fri, 13 Apr 2012 17:52:13 GMT
Swing Technicals- EUR/USD to Resume Downtrend at 1.3250? Published on 13/04/2012
Fri, 13 Apr 2012 12:00:43 GMT
As of right now, the AUD/JPY is forming a Dark Cloud Cover* candle on the 4hr chart, signaling a likely reversal and to potential for a move toward the low end
Fri, 13 Apr 2012 08:43:33 GMT
Candlestick Daily: GBP/USD Stop Adjustment, NZD/USD Bullish Above .8270 Published on 13/04/2012
12
Thu, 12 Apr 2012 20:30:29 GMT
We will review why your results in your demo account will probably contrast sharply with the results in your live account.
Thu, 12 Apr 2012 18:04:28 GMT
Swing Technicals- NZD/USD Nearly Has Reached 0.8280 Short Opportunity Published on 12/04/2012
Thu, 12 Apr 2012 12:09:42 GMT
So far this week, we have accumulated a number of open trades (as always, you can see an updated list of all trades to watch and open trades here).
Thu, 12 Apr 2012 08:40:54 GMT
Candlestick Daily: GBP/USD Breaks Above 1.5930, New Buy Opportunity Published on 12/04/2012
11
Wed, 11 Apr 2012 20:17:10 GMT
What is recency bias, and how can it negatively impact your trading results?
Wed, 11 Apr 2012 17:56:28 GMT
Swing Technicals- USD/CAD Hovering Below Resistance at 1.0073 Published on 11/04/2012
Wed, 11 Apr 2012 12:53:51 GMT
The British Pound Sterling, like many major currencies, has been trending lower against the Japanese yen over the past few weeks.
Wed, 11 Apr 2012 08:16:46 GMT
Candlestick Daily: USD/JPY Short Triggered, EUR/USD 1.3165 Level to Watch Published on 11/04/2012
Wed, 11 Apr 2012 06:37:51 GMT
Risk FX seesawed in Asian and early European session but eventually traded higher in the wake of Italian and German bonds auction that saw the spread in yield b
10
Tue, 10 Apr 2012 20:03:10 GMT
We have updated the profit target for our NZD/JPY bullish trade idea.
Tue, 10 Apr 2012 17:50:16 GMT
Swing Technicals- EUR/USD to Resume Downtrend at 1.3167? Published on 10/04/2012
Tue, 10 Apr 2012 12:52:22 GMT
Though the AUD/CAD bounced modestly this week, the bounce appears more corrective in nature, with small candles and sizable wicks.
Tue, 10 Apr 2012 07:43:07 GMT
Candlestick Daily: New USD/JPY Sell Below 80.85 Published on 10/04/2012
9
Mon, 09 Apr 2012 21:03:59 GMT
Creating a trading plan is one thing; following it is another.
Mon, 09 Apr 2012 17:52:00 GMT
Swing Technicals- AUD/USD to Resume Downtrend at 1.0379? Published on 09/04/2012
Mon, 09 Apr 2012 12:52:53 GMT
The GBP/CAD, though not a commonly traded currency pair, offers relatively tight spreads and decent volatility, with the an average daily range of 111 pips acco
Mon, 09 Apr 2012 07:35:38 GMT
Candlestick Daily: AUD/USD Carves Out Tight Near-Term Range Published on 09/04/2012
Mon, 09 Apr 2012 05:30:14 GMT
A very quiet start of the week in the currency market with all of Europe still on Easter holiday, as the dollar remained under pressure in the wake of very disa
6
Fri, 06 Apr 2012 09:06:00 GMT
The dollar tumbled in the wake of much weaker than expected US Non-Farm payroll report that showed the US economy generated only 120K jobs in March versus estim
Fri, 06 Apr 2012 08:15:10 GMT
Candlestick Daily: Calm Before the NFP Storm Published on 06/04/2012
Fri, 06 Apr 2012 05:28:02 GMT
Capital markets in Europe and parts of Asia Pacific were closed for Good Friday holiday today leading to a very quiet session in FX as traders steeled themselve
5
Thu, 05 Apr 2012 16:44:05 GMT
Candlestick Daily: Quiet Night Likely Ahead of Good Friday, NFPs Published on 05/04/2012
Thu, 05 Apr 2012 13:33:41 GMT
The ongoing fundamental drama around the EUR/CHF presents an opportunity for a strong risk/reward trade opportunity for traders who trust the SNB will stick to
Thu, 05 Apr 2012 09:02:45 GMT
Candlestick Daily: EUR/USD Falls as EUR/CHF Pierces 1.20 Floor Published on 05/04/2012
Thu, 05 Apr 2012 06:47:30 GMT
Quiet pre-holiday trading was rudely interrupted when the EUR/CHF briefly fell below its 1.
Thu, 05 Apr 2012 03:49:27 GMT
HSBC’s seasonally adjusted, China’s services PMI stood at 53.3 in March, slightly lower from 53.9 the month prior but still well above the 50 boom/bust line.
4
Wed, 04 Apr 2012 20:04:47 GMT
We will go over the basic steps and requirement for creating a complete trading plan.
Wed, 04 Apr 2012 17:38:40 GMT
Swing Technicals- USD/JPY Short Opportunity at 83.54 Published on 04/04/2012
Wed, 04 Apr 2012 13:49:05 GMT
A quick peek at the AUD/NZD weekly chart shows that the pair may have further to fall before testing previous support at 6-month lows near 1.2500.
Wed, 04 Apr 2012 10:45:37 GMT
The ISM Services report missed expectations printing at 56.0 versus 56.8 eyed.
Wed, 04 Apr 2012 08:50:33 GMT
Candlestick Daily: USD Surges Across the Board Published on 04/04/2012
Wed, 04 Apr 2012 05:53:37 GMT
Risk FX was under pressure for second straight day in a row as high beta currencies continued to reel from more hawkish than expected FOMC minutes, weaker data
Wed, 04 Apr 2012 02:59:46 GMT
Australian Trade data showed a deficit for the second month in a row sending Aussie below the 1.
3
Tue, 03 Apr 2012 20:18:23 GMT
A bullish Gartley pattern is forming on the GBP/NZD.
Tue, 03 Apr 2012 18:01:41 GMT
Swing Technicals- USD Rallies on FOMC; NZD/USD Short Idea Still in Play Published on 03/04/2012
Tue, 03 Apr 2012 13:35:07 GMT
The USD/JPY finally peeked below 82.00 support last night.
Tue, 03 Apr 2012 08:08:57 GMT
Candlestick Daily: Aussie Headed for 3-Month Lows at 1.0300? Published on 03/04/2012
Tue, 03 Apr 2012 05:19:36 GMT
A very slow, listless night of trade in the currency market with little event risk on the calendar to move the majors either way, as EUR/USD spent most of the A
Tue, 03 Apr 2012 02:25:43 GMT
The Reserve Bank of Australia left it’s benchmark rate unchanged but signaled that it may ease monetary policy in the near future, sending AUD/USD lower in late
2
Mon, 02 Apr 2012 20:03:31 GMT
A bullish butterfly pattern is emerging that would allow us to go long within the uptrend on the CAD/JPY.
Mon, 02 Apr 2012 17:49:13 GMT
Swing Technicals- AUD/USD Short Opportunity at 1.0514 Published on 02/04/2012
Mon, 02 Apr 2012 12:04:43 GMT
Since the start of today’s European session, the EUR/JPY has sold off sharply, and the pair is again near the bottom of the recent consolidation range from 1.
Mon, 02 Apr 2012 07:45:25 GMT
Candlestick Daily: GBP/USD Breaks Out as EUR/USD Struggles Below 1.3375 Published on 02/04/2012
Mon, 02 Apr 2012 05:20:50 GMT
Risk currencies received a lift from better than expected PMI data from China and UK with cable making fresh year to date highs above the key 1.
1
Sun, 01 Apr 2012 18:22:13 GMT
A technical preview into what this week's price action may bring for 7 major currency pairs...
Sun, 01 Apr 2012 17:53:49 GMT
Risk FX gapped higher as trading opened for the week in Asia after official Chinese PMI manufacturing figures over the weekend suggested that the sector grew fo
Sun, 01 Apr 2012 17:31:58 GMT
Why it is important to look at trading in terms of probabilities rather than absolutes.