0.0 00 GBP/USD (1.5431) Some points to consider: The Sterling has crashed through a four month trend line Short trade now in play. Aiming below the 1.54 handle Trade Strategy: Short GBP at 1.56 The GBP/USD …
Read More »EUR/JPY – The Euro Moves Lower as the Downtrend Resumes
0.0 00 EUR/JPY (136.116) Three points to consider Euro breaks through the 2 month support Risk to reward argues against short trade right now Trade Strategy: Stand Aside The EUR/JPY Forex market is getting ready to …
Read More »EUR/GBP – Looking for a Short Euro Trade Setup
0.0 00 EUR/GBP (0.73220) Threes points to consider Euro’s recovery stall below the June top Short trade is an option, but patience is needed from a risk to reward perspective Trade Strategy: Stand Aside The EUR/GBP …
Read More »USD/CAD – Long US Dollar Trade Now in Play
0.0 00 USD/CAD (1.3310) Three points to consider US Dollar gains strength in this Forex market Traders are now targeting the 1.33 pivot and higher Trade Strategy: Long USD trade in play at 1.3248 The USD/CAD …
Read More »AUD/USD – Short Australian Dollar Trade Now Active
0.0 00 AUD/USD (0.7129) Three points to consider Australian Dollar drops the most in one day in three years Short Trade now in play. Target is below 0.71 Trade Strategy: Short at 0.7215 The AUD/USD Forex …
Read More »USD/JPY – Three Year Bullish Trend in Jeopardy
0.0 00 USD/JPY (119.552) Three points to consider: Yen gains back 5 months of losses over four days. Three year bullish trend line in trouble Trade Strategy: Stand Aside The USD/JPY Forex market has seen its …
Read More »EUR/USD – Buyers Now Looking at Resistance Above 1.18
0.0 00 EUR/USD (1.1548) Three points to consider The Euro has seen its fastest corrective bounce higher since 2009 Overall tone and outlook remains bearish euro Trade Strategy: Stand Aside The EUR/USD Forex market has now …
Read More »GBP/USD – The Sterling Breaks Out of the Consolidation and Inches Higher
0.0 00 GBP/USD (1.5766) Three points to consider: Sterling breaks through 1.57, sellers now aim for the June high Larger price action trend remains bearish Trade Strategy: Stand Aside The GBP/USD Forex market has broken out …
Read More »USD/CHF – Sellers Now Struggling Below 0.95
0.0 00 USD/CHF (0.9432) Support Levels: 0.9440, 0.9331, 0.9155 Resistance Levels: 0.9530, 0.9618, 0.9725 Trade Strategy: Stand Aside The USD/CHF Forex market has now seen five straight days of losses as the US Dollar has hit …
Read More »USD/JPY – The Dollar is Getting Ready to Break the 2015 Uptrend
0.0 00 USD/JPY (121.208) Support Levels: 122.85, 122.25, 121.54 Resistance Levels: 123.40, 124.11, 124.55 Trade Strategy: Stand Aside The USD/JPY Forex market remains under heavy selling pressure. Price action is now getting ready, and is currently …
Read More »