ForexVader

ForexVader Updated 

Ok, so I promised I'd make another effort to do more analysis. I am however currently in Taiwan travelling so this will be short. Here we have another example of how including multiple time-frame analysis in your trading routine can keep you profitable. Let's go back to 12th November last week on the OANDA:CADCHF (Use the back testing feature on your chart in...

ForexVader Updated 

3 years! It has been, 3 years! Where did I go? Who cares. Let's jump straight back in... Starting simple, just how we like it, let's take a look at an interesting little set-up on the USDCAD . It's pretty obvious what we're seeing here on the daily. A tweezer top candlestick pattern retesting the bottoms of both the 1.3000 SR level and the 200EMA after a break...

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Last week closed with price forming a hanging man in the high confluence area of the medium term trend line and key 0.7100 support turned resistance. This also coincides with the daily 0.618 Fibonacci retracement. Weaker than expected data from china over the weekend may once again translate over in to the already bearish commodity market which in turn will...

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Last week saw the DXY get knocked down below the 50ema once again as indecision surrounding the US Rate Hike continues to grip the markets. This time however the 200ema has crept up to meet the 94.00 support level. Should price come down to this point it will also meet the backside of the descending triangle, giving stacked up confluence! A reversal signal here...

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Since the de-pegging of the Swiss, price became somewhat erratic, however the last few weeks have seen price moving nicely within this channel. Once again price reached the bottom of channel, coinciding with the minor daily support of 0.9700, before forming a double doji bottom formation, which should signal a bear move, a daily golden cross, supports the strength...

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It's safe to say it's been an exciting day in the Markets, and to be honest we don't expect that to change much over the next week. As Greece came out of the weekend with absolutely no progress whatsoever, Risk Aversion took a hold within the markets as investors started pumping their money in to "Safe Haven" arenas. One such Safe Haven is the Yen, and it seems...

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Friday closed with an apparent Tweezer Bottom set-up retesting the descending triangle (See - ). A look at the 4hr chart confirms the price pattern breakout and subsequent retest. A successful test of the 50ema would confirm the Bullish momentum and might provide intraday traders an entry point. Sticking with Swing Trading strategies, a stop loss at 123.15 and...

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After a Double Bottom formed through March/April, price has successfully broken through the 50/200EMAs. Since breaking through the 138.00 SR level, price has been consolidating for a few weeks now. In this sideways movement price has intercepted the prevailing trend line and simultaneously tested it alongside the 138.00 Support. Next significant resistance is...

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With Resistance at 1.5400 appearing to be holding strong, an uncertain GBP and hopes for a rate hike in the US sometime in the coming months, this pair definitely has Bearish potential. And the technicals appear to be backing that up with what seems to be a Head and Shoulders pattern in the making. Price has stalled below the 1.5400 level and the 0.382...

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Slight consolidation over the last two days from the election hype enabled a retest of the top side of the symmetrical to occur. This coincided nicely with the 50EMA and the 50% retracement level. Taking in the technicals, we're looking here to target the 2.000 level. However considering generally weak Aussie economic sentiment and a sigh of relief from the London...

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Confluence listed on the Chart, I believe this one more or less speaks for itself. High Technical bias to go Short. Strong downtrend began beginning of Dec '14, we have now reached the 0.382 retracement of that Bear run, which coincides nicely with the 97.50 Support/Resistance level. Historically this has proven to be quite strong with reactions creating...

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The GBPUSD has been ranging for a just over a month now but this choppy consolidation began to show signs of movement again by the end of last week. This week we have finally seen some real movement and it appears to be ending with a nice little set-up. There is some heavy resistance on the Bullish side with the 50ema laying on thee 1.5000 level, which has acted...

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Despite weaknesses starting to appear in the Australian economy, an already week Euro has been retracing over the last three weeks and now looks set to continue its winning position in the race to the bottom. Correlation with pairs such as the GBPAUD, show that the Aussie is due a retracement of its own anyway. The technicals are all there as highlighted on the...

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A very simple and quick analysis of AAPL stock. As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we...

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After we finished last week with a HUGE bullish pinbar on the GBPAUD (see: www.forexvader.com) , it looks like we might be able to ride the GBPJPY up too, with the confluence playing in our favour. The GBPJPY has been retracing in this descending triangle since Dec '14. Having been rejected from the 176.5 Support and the 0.618 retracement previously, price is now...

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As Friday draws to a close its time to get those weekly time frames out and see what is cracking. In the Forex market, it's the Aussie that looks to be showing signs of weakness. Here we have a QUALITY weekly set-up! The GBPAUD has been bullish since around the beginning of 2013 and that doesn't look likely to change anytime soon, with a relatively weak Aussie...

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A few weeks ago we wrote this article - - highlighting that after the breakout of the symmetrical triangle and the support at the beginning of the month a retest of the 1200.00 level as resistance would create opportunity to go short. Well, here it is Ladies and Gentleman! Sure enough we are currently seeing a successful retest of the 1200.00 level as resistance...

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Consolidation over the last week has created this nice ascending triangle, finding resistance at 1.5000, which coincides with the 0.382 Fibonacci Retracement Level. Space is running out now and the last 4H candle is a nice Harami Gravestone. Time to break out on the downside. Safe entries would be at 1.49 with a SL at 1.503.