August

 
31
 

Gold approaching critical test.

Fri, 31 Aug 2012 19:09:55 GMT

Gold has broken through a key bullish trend line, and it may now face new resistance at that very same level.

What else is new? Still waiting for GBP/USD trade to definitely drop to target. (@BGareiss_GFT)

Fri, 31 Aug 2012 17:59:33 GMT

What else is new? Still waiting for GBP/USD trade to definitely drop to target. (@BGareiss_GFT) Published on 31/08/2012

Still waiting for GBP/USD trade to definitely drop to target. (@BGareiss_GFT)

Fri, 31 Aug 2012 17:59:33 GMT

Still waiting for GBP/USD trade to definitely drop to target. (@BGareiss_GFT) Published on 31/08/2012

GBP/AUD Stop to 1.5300 as “Dog Days” Wind Down

Fri, 31 Aug 2012 12:11:18 GMT

We have seen near-perfect price action from the long GBP/AUD trade featured yesterday.

Candlestick Daily: USD Collapses Ahead of Jackson Hole

Fri, 31 Aug 2012 08:31:38 GMT

Candlestick Daily: USD Collapses Ahead of Jackson Hole Published on 31/08/2012


 
30
 

Bonus: GBP/USD Long Opportunity at 1.5716.

Thu, 30 Aug 2012 20:43:27 GMT

Several factors suggest short term support at 1.5716 on the GBP/USD.

GBP/USD Threatening to Finally Hit Profit Target (Updates: @BGareiss_GFT)

Thu, 30 Aug 2012 17:58:09 GMT

GBP/USD Threatening to Finally Hit Profit Target (Updates: @BGareiss_GFT) Published on 30/08/2012

GBP/AUD: Clean Trend Headed Above 1.5400

Thu, 30 Aug 2012 14:12:53 GMT

One of the major under-the-radar stories of the month has been the outperformance of European currencies (EUR, GBP, and CHF) against the commodity dollars (CAD,

Candlestick Daily: Stop to Breakeven on AUD/USD and GBP/USD Ahead of J-Hole

Thu, 30 Aug 2012 08:24:28 GMT

Candlestick Daily: Stop to Breakeven on AUD/USD and GBP/USD Ahead of J-Hole Published on 30/08/2012


 
29
 

GBP/USD Continues To Trade Below Short Entry; August Ending With A Whimper (Updates: @BGareiss_GFT)

Wed, 29 Aug 2012 18:02:18 GMT

GBP/USD Continues To Trade Below Short Entry; August Ending With A Whimper (Updates: @BGareiss_GFT) Published on 29/08/2012

GBP/USD Continues To Trade Below Short Entry (Updates: @BGareiss_GFT)

Wed, 29 Aug 2012 18:02:18 GMT

GBP/USD Continues To Trade Below Short Entry (Updates: @BGareiss_GFT) Published on 29/08/2012

Cable Inching Higher, Raising Stop to Manage Risk

Wed, 29 Aug 2012 13:23:25 GMT

The GBP/USD trade highlighted in yesterday’s Candlestick Daily report triggered yesterday, leaving us long from 1.5803.

Candlestick Daily: GBP/USD and AUD/USD Trades Inching Toward Targets

Wed, 29 Aug 2012 07:42:45 GMT

Candlestick Daily: GBP/USD and AUD/USD Trades Inching Toward Targets Published on 29/08/2012


 
28
 

Dow Resume Uptrend at 13033?

Tue, 28 Aug 2012 20:06:42 GMT

A bullish pattern is forming that may allow us to by the Dow Jones Industrial Average within its current uptrend.

NZD/USD Testing Key Bullish Trend Line; GBP/USD Trade Idea Still Working (Updates: @BGareiss_GFT)

Tue, 28 Aug 2012 18:17:39 GMT

NZD/USD Testing Key Bullish Trend Line; GBP/USD Trade Idea Still Working (Updates: @BGareiss_GFT) Published on 28/08/2012

NZD/USD Testing Key Bullish Trend Line (Updates: @BGareiss_GFT)

Tue, 28 Aug 2012 18:17:39 GMT

NZD/USD Testing Key Bullish Trend Line (Updates: @BGareiss_GFT) Published on 28/08/2012

AUD/CAD: Look Out Below!

Tue, 28 Aug 2012 13:42:08 GMT

The AUD/CAD is currently in the midst of a clear downtrend since peaking near 1.06 earlier this month.

Candlestick Daily: AUD/USD Sell Triggers as Volatility Picks Up

Tue, 28 Aug 2012 07:56:59 GMT

Candlestick Daily: AUD/USD Sell Triggers as Volatility Picks Up Published on 28/08/2012


 
27
 

EUR/JPY to Resume Uptrend at 97.51?

Mon, 27 Aug 2012 20:22:04 GMT

We are following an opportunity to go long near an established trend line on the EUR/JPY.

GBP/USD Drops Slightly Closer To Profit Target During Another Slow Day (Updates: @BGareiss_GFT)

Mon, 27 Aug 2012 18:01:58 GMT

GBP/USD Drops Slightly Closer To Profit Target During Another Slow Day (Updates: @BGareiss_GFT) Published on 27/08/2012

GBP/USD Drops Slightly Closer To Profit Target (Updates: @BGareiss_GFT)

Mon, 27 Aug 2012 18:01:58 GMT

GBP/USD Drops Slightly Closer To Profit Target (Updates: @BGareiss_GFT) Published on 27/08/2012

3 Reasons to Sell AUD/USD on a Break Below 1.0370

Mon, 27 Aug 2012 13:59:45 GMT

Though Friday’s trade was invalidated, the bias remains to the downside for 3 key reasons: excessive net long positioning, the break below the 2-month channel,

Candlestick Daily: AUD/USD Stubbornly Holds 1.0375 Support

Mon, 27 Aug 2012 07:32:46 GMT

Candlestick Daily: AUD/USD Stubbornly Holds 1.0375 Support Published on 27/08/2012


 
26
 

Classic Technicals: The Week Ahead, Aug. 26 - 31, 2012

Sun, 26 Aug 2012 16:21:49 GMT

A technical preview into what this week's price action may bring for 7 major currency pairs...


 
24
 

USD/BKT Could Face Another Key Test Next Week

Fri, 24 Aug 2012 19:35:59 GMT

The US Dollar Basket is approaching a key bullish trend line.

GBP/USD Closes Half Way To Profit Target (Updates: @BGareiss_GFT)

Fri, 24 Aug 2012 18:24:50 GMT

GBP/USD Closes Half Way To Profit Target (Updates: @BGareiss_GFT) Published on 24/08/2012

Confirmation Bias: What Glenn Beck and Rachel Maddow Can Teach Us About Trading

Fri, 24 Aug 2012 13:20:59 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

Candlestick Daily: GBP/USD Long Triggered, New AUD/USD Sell

Fri, 24 Aug 2012 08:44:44 GMT

Candlestick Daily: GBP/USD Long Triggered, New AUD/USD Sell Published on 24/08/2012


 
23
 

NZD/JPY Long Opportunity at 60.32

Thu, 23 Aug 2012 20:26:21 GMT

Several strong points of support near 60.32 suggest a high probability opportunity to go long.

NZD/JPY Long Opportunity at 63.29

Thu, 23 Aug 2012 20:26:21 GMT

Several strong points of support near 60.32 suggest a high probability opportunity to go long.

Original labeling format returns, GBP/USD testing resistance 1.5902 (Updates: @BGareiss_GFT)

Thu, 23 Aug 2012 17:59:50 GMT

Original labeling format returns, GBP/USD testing resistance 1.5902 (Updates: @BGareiss_GFT) Published on 23/08/2012

GBP/USD testing resistance 1.5902 (Updates: @BGareiss_GFT)

Thu, 23 Aug 2012 17:59:50 GMT

GBP/USD testing resistance 1.5902 (Updates: @BGareiss_GFT) Published on 23/08/2012

AUD/JPY: Divergence Points to Quick Sell

Thu, 23 Aug 2012 14:43:23 GMT

With today’s break below potential bullish trend line support, AUD/JPY sellers appear to have finally wrested control of the market from the buyers and will loo

Candlestick Daily: GBP/USD at 3-Month Highs, Buying Dips

Thu, 23 Aug 2012 08:02:05 GMT

Candlestick Daily: GBP/USD at 3-Month Highs, Buying Dips Published on 23/08/2012


 
22
 

USD/BKT Breakout

Wed, 22 Aug 2012 21:21:33 GMT

US Dollar Basket Breaks Out Of Triangle As Expected.

NZD/USD Short Opportunity at 0.8183 (Updates: @BGareiss_GFT)

Wed, 22 Aug 2012 18:01:21 GMT

NZD/USD Short Opportunity at 0.8183 (Updates: @BGareiss_GFT) Published on 22/08/2012

CAD/JPY: Quick Sell Trade Imminent

Wed, 22 Aug 2012 13:27:34 GMT

The CAD/JPY just broke below daily bullish trend line support on today’s shockingly bad retail sales data.

Candlestick Daily: Last Gasp for AUD/USD Uptrend?

Wed, 22 Aug 2012 07:46:51 GMT

Candlestick Daily: Last Gasp for AUD/USD Uptrend? Published on 22/08/2012


 
21
 

EUR/GBP to Face Strong Support at 0.7758?

Tue, 21 Aug 2012 19:54:37 GMT

A number of factors suggest that the EUR/GBP could rally at 0.7758.

EUR/USD Testing Strong Resistance at 1.2477 (Updates: @BGareiss_GFT)

Tue, 21 Aug 2012 18:07:29 GMT

EUR/USD Testing Strong Resistance at 1.2477 (Updates: @BGareiss_GFT) Published on 21/08/2012

EUR/AUD Turning Over a New Leaf?

Tue, 21 Aug 2012 14:24:29 GMT

From a technical perspective, the EUR/AUD may provide the clearest opportunity to play continued euro strength.

Candlestick Daily: GBP/USD Testing 3-Month Highs, Can the Breakout Hold?

Tue, 21 Aug 2012 08:49:25 GMT

Candlestick Daily: GBP/USD Testing 3-Month Highs, Can the Breakout Hold? Published on 21/08/2012


 
20
 

US Dollar Basket Consolidation Near Breaking Point

Mon, 20 Aug 2012 19:47:38 GMT

The USD/BKT has consolidated to an extremely narrow range that suggests a break out may be on the way.

Still Waiting to Entry EUR/USD and GBP/USD Shorts (Updates: @BGareiss_GFT)

Mon, 20 Aug 2012 17:59:44 GMT

Still Waiting to Entry EUR/USD and GBP/USD Shorts (Updates: @BGareiss_GFT) Published on 20/08/2012

GBP/AUD Launching Pad at 1.50

Mon, 20 Aug 2012 14:13:11 GMT

One such pair is the GBP/AUD, which after cascading lower throughout June and July, finally appears ready to bounce.

Candlestick Daily: USD/CAD Stop Lowered, EUR/USD Falls to 1.2300

Mon, 20 Aug 2012 07:45:51 GMT

Candlestick Daily: USD/CAD Stop Lowered, EUR/USD Falls to 1.2300 Published on 20/08/2012


 
19
 

Classic Technicals: The Week Ahead, Aug. 19 - 26, 2012

Sun, 19 Aug 2012 12:52:44 GMT

A technical preview into what this week's price action could bring for 7 major currency pairs...


 
17
 

GBP/CHF Long Opportunity at 1.5197

Fri, 17 Aug 2012 18:58:47 GMT

A number of factors suggest that the GBP/CHF could rally at 1.5197.

Will EUR/USD Short Enter Early Next Week? (Updates: @BGareiss_GFT)

Fri, 17 Aug 2012 18:10:15 GMT

Will EUR/USD Short Enter Early Next Week? (Updates: @BGareiss_GFT) Published on 17/08/2012

Risk Sentiment: You May Not Be as Diversified as You Think

Fri, 17 Aug 2012 13:21:12 GMT

See why taking on long positions on seemingly disparate currencies pairs like AUD/CHF and NZD/JPY, as well as a short position in USD/CAD, may still leave trade

Candlestick Daily: Long USD/JPY Triggers, Next Stop 80.00?

Fri, 17 Aug 2012 07:41:44 GMT

Candlestick Daily: Long USD/JPY Triggers, Next Stop 80.00? Published on 17/08/2012


 
16
 

AUD/CHF to Resume Uptrend at 1.0126?

Thu, 16 Aug 2012 20:57:25 GMT

A bullish butterfly pattern is currently forming on the AUD/CHF.

GBP/USD Edging to Short Entry at 1.5902 (Updates: @BGareiss_GFT)

Thu, 16 Aug 2012 18:06:24 GMT

GBP/USD Edging to Short Entry at 1.5902 (Updates: @BGareiss_GFT) Published on 16/08/2012

Can the USD/JPY Uptrend Continue?

Thu, 16 Aug 2012 14:28:38 GMT

Now that a bullish trend has begun to emerge on the USD/JPY, traders are asking themselves how far rates can move before the pair loses momentum.

Candlestick Daily: USD/CAD Breaks .9900, Selling For Run to .9800

Thu, 16 Aug 2012 07:45:49 GMT

Candlestick Daily: USD/CAD Breaks .9900, Selling For Run to .9800 Published on 16/08/2012


 
15
 

AUD/JPY Long Opportunity at 81.96

Wed, 15 Aug 2012 20:14:08 GMT

A high probability bullish trade opportunity is emerging on the AUD/JPY.

USD/JPY Short Enters at 78.94 (Updates: @BGareiss_GFT)

Wed, 15 Aug 2012 17:56:19 GMT

USD/JPY Short Enters at 78.94 (Updates: @BGareiss_GFT) Published on 15/08/2012

CAD/JPY: Strong Oil Correlation in Play

Wed, 15 Aug 2012 15:13:25 GMT

A quick look at the CAD/JPY daily chart reveals that the pair recently broke out to new 3-month highs above the 50% Fibonacci retracement of the late March high

Candlestick Daily: USD/JPY Testing Key .7900 Resistance

Wed, 15 Aug 2012 07:47:02 GMT

Candlestick Daily: USD/JPY Testing Key .7900 Resistance Published on 15/08/2012


 
14
 

Four Reasons to Sell EUR/GBP Targeting .7760

Tue, 14 Aug 2012 14:10:58 GMT

Over the past few weeks, I’ve been watching for opportunities to sell the EUR/GBP within the context of the longer-term downtrend, even going as far as outlinin

Candlestick Daily: Raising EUR/USD Stop Up to 1.2320

Tue, 14 Aug 2012 08:46:47 GMT

Candlestick Daily: Raising EUR/USD Stop Up to 1.2320 Published on 14/08/2012


 
13
 

CHF/JPY Long Opportunity at 79.04

Mon, 13 Aug 2012 19:57:12 GMT

A number of factors suggest that the CHF/JPY could rally at 79.04.

AUD/USD Wedge Break Out Is Imminent (Updates: @BGareiss_GFT)

Mon, 13 Aug 2012 17:58:34 GMT

AUD/USD Wedge Break Out Is Imminent (Updates: @BGareiss_GFT) Published on 13/08/2012

AUD/CAD: New Channel Sell Targets Sub-1.0400

Mon, 13 Aug 2012 14:02:53 GMT

The AUD/CAD, in addition to being the first of the 120+ currency pairs that GFT offers alphabetically, has shown a propensity to form smooth trends.

Candlestick Daily: Momentum-Driven EUR/USD Buy Trade Near Entry

Mon, 13 Aug 2012 07:44:46 GMT

Candlestick Daily: Momentum-Driven EUR/USD Buy Trade Near Entry Published on 13/08/2012


 
12
 

Volatility

Sun, 12 Aug 2012 14:04:53 GMT

Why volatility is important to our trading success.

Classic Technicals: The Week Ahead, Aug. 12 -17, 2012

Sun, 12 Aug 2012 11:30:33 GMT

A technical preview into this week's trade.


 
10
 

Multiple Opportunities Could Enter Early Next Week (Updates: @BGareiss_GFT)

Fri, 10 Aug 2012 17:53:12 GMT

Multiple Opportunities Could Enter Early Next Week (Updates: @BGareiss_GFT) Published on 10/08/2012

The USD/CHF is Pointless

Fri, 10 Aug 2012 13:05:57 GMT

See why anyone who’s traded the USD/CHF in the past couple months has paid too much, and what pair would have given the same exposure for a lower cost…

Candlestick Daily: USD/CAD Surges, Next Stop 1.00?

Fri, 10 Aug 2012 08:41:48 GMT

Candlestick Daily: USD/CAD Surges, Next Stop 1.00? Published on 10/08/2012


 
9
 

Following the Plan

Thu, 09 Aug 2012 21:36:26 GMT

Creating a trading plan is one thing; following it is another.

USD/JPY Approaching Short Entry at 78.94 (Updates: @BGareiss_GFT)

Thu, 09 Aug 2012 18:16:38 GMT

USD/JPY Approaching Short Entry at 78.94 (Updates: @BGareiss_GFT) Published on 09/08/2012

USD/CAD Bears Step on the Accelerator, Short-term Sell

Thu, 09 Aug 2012 14:09:35 GMT

The USD/CAD has formed a clear bearish trend line over the past week or so (see 4hr chart below).

Candlestick Daily: EUR/USD At Week's Lows - Where Will Bulls Make a Stand?

Thu, 09 Aug 2012 08:47:44 GMT

Candlestick Daily: EUR/USD At Week's Lows - Where Will Bulls Make a Stand? Published on 09/08/2012


 
8
 

GBP/JPY Long Opportunity at 121.64

Wed, 08 Aug 2012 19:59:39 GMT

Multiple factors suggest the GBP/JPY could face strong support at 121.64.

Multiple Trade Ideas Approacing Entry (Updates: @BGareiss_GFT)

Wed, 08 Aug 2012 17:57:33 GMT

Multiple Trade Ideas Approacing Entry (Updates: @BGareiss_GFT) Published on 08/08/2012

USD/CAD: Parity Lost, Selling Bounces

Wed, 08 Aug 2012 13:32:56 GMT

Like Adam and Eve in John Milton’s classic poem Paradise Lost, the USD/CAD has been expelled to the dark depths below parity (1.00) in this week’s trade.


 
7
 

CAD/JPY Short Opportunity at 80.91.

Tue, 07 Aug 2012 20:29:49 GMT

Several factors suggest that the CAD/JPY may face strong resistance at 80.91.

EUR/USD Short Idea Near Entry at 1.2477 (Updates: @BGareiss_GFT)

Tue, 07 Aug 2012 17:50:57 GMT

EUR/USD Short Idea Near Entry at 1.2477 (Updates: @BGareiss_GFT) Published on 07/08/2012

Bottom-Picking GBP/NZD for a Bounce

Tue, 07 Aug 2012 14:06:05 GMT

The GBP/NZD has been in an established downtrend since peaking above 2.10 in May.

Candlestick Daily: AUD/USD Long Inching Higher, USD/JPY Buy on Dip

Tue, 07 Aug 2012 07:51:59 GMT

Candlestick Daily: AUD/USD Long Inching Higher, USD/JPY Buy on Dip Published on 07/08/2012


 
6
 

Bonus: GBP/USD Long Opportunity at 1.5527.

Mon, 06 Aug 2012 20:16:56 GMT

A number of factors suggest the GBP/USD could face short term support at 1.5527.

USD/JPY to Resume Downtrend at 78.94? (Updates: @BGareiss_GFT)

Mon, 06 Aug 2012 17:49:26 GMT

USD/JPY to Resume Downtrend at 78.94? (Updates: @BGareiss_GFT) Published on 06/08/2012

Straightforward USD/JPY Buy, AUD/NZD Stop Adjustment Ahead of RBA

Mon, 06 Aug 2012 14:04:59 GMT

Out of all the major currency pairs, the USD/JPY has one of the clearest support levels, providing a straightforward buying opportunity.

Candlestick Daily: Aussie Breakout Buy Opportunity

Mon, 06 Aug 2012 07:46:35 GMT

Candlestick Daily: Aussie Breakout Buy Opportunity Published on 06/08/2012


 
5
 

CHF/JPY Short Opportunity at 81.67.

Sun, 05 Aug 2012 13:34:40 GMT

Several factors suggest that the CHF/JPY may face strong resistance at 81.67.

EUR/USD to Resume Downtrend at 1.2477? (Updates: @BGareiss_GFT)

Sun, 05 Aug 2012 12:33:23 GMT

EUR/USD to Resume Downtrend at 1.2477? (Updates: @BGareiss_GFT) Published on 05/08/2012

Classic Technicals: The Week Ahead, Aug. 5 - 10, 2012

Sun, 05 Aug 2012 10:14:49 GMT

The key technical levels and trends to watch for the week of Aug. 5. Will the EUR/USD break 1.24 resistance?


 
3
 

Throwing in the Towel on EUR/CHF Long

Fri, 03 Aug 2012 12:56:17 GMT

In the case of my long EUR/CHF trade from way back in January, the initial thesis clearly has not played out as expected and recent reports suggest that the ris

Candlestick Daily: EUR/USD, AUD/USD Rally With NFP on Horizon

Fri, 03 Aug 2012 06:57:14 GMT

Candlestick Daily: EUR/USD, AUD/USD Rally With NFP on Horizon Published on 03/08/2012


 
2
 

EUR/JPY Long Opportunity at 94.69

Thu, 02 Aug 2012 20:20:11 GMT

A number of factors suggest that the EUR/JPY could rally at 94.69.

EUR/USD and USD/CHF Trend Lines Hold Amid Wild Volatility (Updates: @BGareiss_GFT)

Thu, 02 Aug 2012 18:08:15 GMT

EUR/USD and USD/CHF Trend Lines Hold Amid Wild Volatility (Updates: @BGareiss_GFT) Published on 02/08/2012

Strong AUD/NZD Sell Insulated from NFP

Thu, 02 Aug 2012 13:01:12 GMT

The AUD/NZD is once again testing 2-week lows near the 20-day EMA. This level is reinforced by the 38.

Candlestick Daily: EUR/USD Rises Modestly Ahead of ECB

Thu, 02 Aug 2012 06:53:26 GMT

Candlestick Daily: EUR/USD Rises Modestly Ahead of ECB Published on 02/08/2012


 
1
 

GBP/JPY to Resume Downtrend at 124.74?

Wed, 01 Aug 2012 20:15:56 GMT

Several factors suggest that the GBP/JPY may face strong resistance at 124.74. (Updates at @BGareiss_GFT)

AUD/USD Refusing to Break Out of Wedge (Updates: @BGareiss_GFT)

Wed, 01 Aug 2012 18:01:42 GMT

AUD/USD Refusing to Break Out of Wedge (Updates: @BGareiss_GFT) Published on 01/08/2012

EUR/AUD Sell Enters Perfectly, Tighten Stop Ahead of ECB

Wed, 01 Aug 2012 13:48:46 GMT

During today’s Asian session, the pair rose to 1.17352, triggering the sell trade by two-tenths of a pip before turning lower.

Candlestick Daily: Aussie and Kiwi Break Higher Ahead of Fed

Wed, 01 Aug 2012 06:57:40 GMT

Candlestick Daily: Aussie and Kiwi Break Higher Ahead of Fed Published on 01/08/2012