Posts Tagged by usd
USD/JPY The Week Ahead
| September 6, 2009 | Posted by admin under Forex - USD/JPY |
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 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 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 Forex - USD/JPY |
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 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 - EUR/USD |
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 Forex - GBP/USD |
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 Commodity Analysis, Forex - Other Pairs |
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 Forex - AUD/USD |
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…
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,…