Posts Tagged by usd
USD/JPY The Week Ahead
| September 6, 2009 | Posted by admin under Swing Trading Ideas |
After strong movement on both sides of the market after the Employment Situation news out of the US on Friday the pair finished moderately higher, just edging out pre-news levels. Currently the pair is in a downtrend , but a rise above 93.40 indicates a potential reversal. Resistance beyond is at 94.00. 92.00 – 91.75 …
EUR/USD Trade Set-Up Aug 25
| August 25, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas, Techncial Analysis Tutorials |
The pair has converged into a triangle like pattern after strong moves last Friday. In the triangle I have not actually included the extremes of that day in the triangle, although they do actually connect quite nicely. These extremes have been left out as they were due to a news event which will not repeat…
Tightly Wound Pairs and Strong Trends – Which Pairs to Trade? And How?
| July 28, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas, Techncial Analysis Tutorials |
Today I am going to briefly go over a few things to notice in the markets. For those of you who actively trade you will have noticed certain pairs have died – meaning volatility and movement has decreased. Other pairs have been extremely active and have developed strong trends. Certain strategies work during certain types…
USD/JPY Potential Trade Set-Up
| July 24, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The pair has seen a nice run up over the last 24 hours, but is now starting to consolidate. This sets up a high reward to risk trade. A break above 95.30 (+about 5 pips or so) will trigger a buy and an overall target of 160 pips, or 96.90. A break below 94.70 (-5…
Revisiting and Reanalyzing the USD/JPY Forex Pair
| July 22, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
Here is a great video and analysis on the USD/JPY pair. A couple things I will point out about this video as you watch it: Markets very often break out out of a formation, and then move back to test the breakout point. Many traders bail out of the trade here, taking a loss on…
Battle of the EUR/USD…Who’s the Winner?
| July 16, 2009 | Posted by admin under Forex Technicals |
Here is a longer term view of the EUR and USD relationship. Adam provides his analysis in this video of where the pair is likely to go. What I like about this video is he demonstrates a simple way to calculate profit targets. The method he describes I use myself in conjunction with other profit…
GBP/USD Day Trade Setup – July 16
| July 16, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
The GBP/USD currency pair has formed a downward sloping flag formation. This sets up a potential trade, and due to the action leading into the current formation, we have multiple profit targets. A break above the upper channel line (see chart) indicates a swing higher with a target of 1.6500. A move aggressive target is…
Analysis of USD Index
| July 15, 2009 | Posted by admin under Forex Technicals |
I will be posting a forex signal later today, so check back in several hours for that. In the mean time, as you know I love Ino videos. They put together quality videos which cover a longer time frame than I normally trade on, so I offer these videos for the traders who are looking…
AUD/USD Potential Day Trade
| July 15, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
Here is a potential trade which is likely to materialize in the late London or early US session. The AUD/USD has consolidated in a narrow band (happens often around this time of day), and is likely to have a breakout on the 30 or 15 minute chart. The bias is upwards indicated by the pattern…
USD/AUD Where is it going?
| July 11, 2009 | Posted by admin under Forex Technicals, Techncial Analysis Tutorials |
Here is a great video analyzing the longer term outlook of the USD/AUD forex currency pair. While this is a longer term view, the technical analysis which is used can be implemented on anytime frame. Also, even when trading short time frames it is good to have an idea of the overall picture of the…
USD/JPY Breaks Major Support – Heading Lower Still?
| July 9, 2009 | Posted by admin under Forex Technicals |
Yesterday the pair tore through support in the 94.00 area. A drop of that magnitude was not expected – the pair had almost a 300 pip move! The drop does signify a longer term down trend is about to begin with the target being 87.00. Intermediate support is expected between 90.00 and 89.50. Currently the…
USD/CAD Forex Swing Trade – Narrowing Channel
| July 8, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
The USD/CAD forex currency pair is jostling higher in a narrowing channel. This often means a break out and a profitable trade set up. From the chart you can see the current trendlines which have formed, with the internal lines being the minor support and resistance and the outside lines being more important. A break…
EUR/USD Long Term View
| July 8, 2009 | Posted by admin under Forex Technicals |
There are a few analysts I really respect and one of them is Adam over at Ino (Market Club). Here is a great video on the EUR/USD pair. It is a longer term view of the pair, but is very valuable and informative for traders on all time frames. What I love about these videos…
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…
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,…