Posts Tagged by forex market analysis
USD/JPY Forex Video – Where is this Currency Pair Going?
| July 13, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
So I was about to do an analysis of the USD/JPY and then I was sent this video which is basically exactly what I was going to say. If you follow any of my analysis, I use a a lot of chart patterns. You can learn what patterns I like to trade, and how to…
EUR/USD Makes a Strong Move
| June 23, 2009 | Posted by admin under Forex Technicals |
The eur/usd currency pair scorched higher today, moving almost double its 12 day average (daily) range. Breaking above daily support at 1.4000 it appears a new swing up is developing. The next resistance level is at 1.4170 with a push beyond likely to test the recent highs at 1.4330. Moves beyond indicates profit targets of…
USD/CAD Analysis: Where is it Heading? – Daily Chart
| June 22, 2009 | Posted by admin under Forex Technicals, Intro to Trading |
In my last post on the longer term view of this pair, I mentioned that how the pair reacted at 1.0800 would be critical in its longer term movements (this analysis was contributed to ForexPros.com and can be seen under my submitted analysis – My analysis of the eur/usd and usd/jpy can be viewed daily,…
USD/JPY Day Trading Signal – 30 Min Chart- June 22
| June 22, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair is in a sharp downward sloping wedge. The interesting thing is this wedge’s apex is right at the major support level of 95.60. Thus, this wedge can give us an early indication of which way the market is likely to act off this support level. From the chart you can see the trendlines…
EUR/USD Interesting Position – 15 or 30 Minute Charts
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair just broke minor and a major support ~Cory Mitchell, CMT Chief Market Strategist Remember, failed breakouts are tradeable too! ———- Want to learn more about chart patterns or other trading methods? Check out my Trading Courses page. ——— Are you interested in getting into trading? Or if you are already trading and dissatisfied…
EUR/USD Day Trade Idea – 15 or 30 Minute Chart
| June 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
June 18, 5:44 AM GMT Please read the latest How to Use the Trade Ideas blog if you have questions. If you still have questions after, feel free to comment With a short term uptrend in place we have a favorable set up for a buy. A push above 1.3980 would indicate a profit target…
USD/JPY Overview – Daily Chart Analysis – June 17
| June 18, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
If you look on the USD/JPY daily chart I have attached below there a few interesting things to point out. The first is the the pair is trading in a large range. This means that breakouts within the range may be stifled from reaching their full potential unless a break of the larger daily range…
EUR/USD Update and Broader Outlook
| June 15, 2009 | Posted by admin under Forex Technicals, Swing Trading Ideas |
If you read my earlier post about the potential trade today in the pair (http://vantagepointtrading.com/archives/1742) you will see the trade never materialized. In the comments to that post I wrote why the trade didn’t materialize. That the trade didn’t happen is fine, but the drop below the 1.3800 was a bit more unexpected and deserves…
EUR/USD Day Trade Idea 1 Hour Chart- June 14
| June 14, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The EUR/USD has formed a “sling shot” in the RSI indicator. It can be seen on the hourlies through the dailies. This indicates a day trade but also a swing trade as the sling shot unfolds on longer time frames. We will look at the hourly chart for this potential trade. The sling shot indicates…
GBP/USD Forex Day Trading Idea – June 1
| June 1, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair has consolidated but is still in an uptrend. While a break higher is more likely, a break in either direction is tradeable. A break above 1.6240 would target 1.6300. A move below 1.6210 provides a profit target of 1.6180-1.6170. This trade idea is based on a 15 minute chart for the GBP/USD currency…
USD/JPY Day Trade or Swing Trade Idea – May 27
| May 27, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
May 27, 5:46 PM GMT The pair is in a ascending trend channel on the hourly chart which provides several possible trade alternatives. Trades can be entered near the upper or lower trend lines, with profit targets just beyond the half way point of the channel (approx. 30-40 pips), or the more aggressive target is…
GBP/USD Forex Day/Swing Trade Idea – 1 Hour, May 24
| May 24, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
May 24, 8:00 PM GMT The markets are currently closes at the time of the this writing. A wedge has formed in the GBP/USD currency pair. This provides for potential day trades or swing trade set ups. The wedge is providing resistance in the 1.6000 area and support can be found at 1.5900. These these…
GBP/USD Forex Day Trading Idea -May 22
| May 22, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 21, 5:39 PM GMT The GBP/USD is marching sideways over the last hour, possibly as traders await Ben Bernanke speech at 6 PM GMT. A very small ascending triangle has formed within a larger ascending triangle. Prices have just broken down out of the small triangle, but a break of the larger formation would…
GBP/USD Forex Day Trading Idea – May 21
| May 21, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 21, 6:45 GMT The GBP/USD is likely to break out of the current range as we head into the London session. This range is easily seen on a 15 minute chart. Current patterns indicate a continuation of the uptrend. A move above the recent high at 1.5815 offers an initial profit target of 1.5870. …
EUR/USD Trade Idea – Aug 16/17
The EUR/USD pair has been in a tightening range after a very strong move a couple weeks ago. This has formed a triangle formation and points to breakout either higher or lower of roughly 400 pips from the breakout point. With the overall trend still up, the bias is for a break to the upside,…