fxsignals4pips

fxsignals4pips

This is a trade based on the direction of the long term fundamental factors. Euro is expected to reach parity with the U.S. Dollar as devaluation efforts drive the value down. The December rate hike anticipation will also signal the Sterling strength with the Bank of England expected to follow some sort of rate hike accordingly. Although I am not looking to...

fxsignals4pips

USDJPY has remained a boring pair to trade since the end of August of 2015. Partially due to the lack of optimism in the Fed’s rate hike, this pair slumped and remained in a range ever since offering much unwanted volatility. This recent breakout is tradable for both short term day traders and longer term trend traders. This upwards breakout with the testing of...

fxsignals4pips

Switching over onto the daily time frame, we have a very simple chart setup. The first is the trend-line breakout. I prefer more of a DeMark style trend-line plot. I'm not really looking for a trend-line retrace or correction simply because the rally appears almost exponential and so I do not see the immediate benefit of predicting an ascending trend-line...

fxsignals4pips

Using the Fibonacci retracement tool, I was able to plot the zone between the 40% to 50% retracement zone. This zone is also a critical zone. By this, I simply mean that it is a resistance turned support zone. Rather than being dead set on whether this will be a future support or resistance zone, I’ll leave it as a critical zone where further price action near...

fxsignals4pips

The AUDUSD rally may finally be over as we see the first move breaking below the trendline that has held the past few times. This is a good moment for the 2nd entry shorts as we experience the initial upticks from sellers covering their positions. Selling does not appear to be over as none of the buying pressure is sustaining.

fxsignals4pips

Marked this supply zone yesterday night, holding up very well as it had a 4-Hour moving average confirmation.

fxsignals4pips

I am currently still bearish on the AUDUSD pair despite the bullish close on Friday last week. I have plotted two potential fresh supply levels that I am monitoring. I believe the closer 1.7135~ price level will most likely hold up. The 120-period simple moving average also intersects at this level. Historically speaking, this simple moving average setup acts as a...

fxsignals4pips

I made a post about the 1.52~ demand zone a while ago with a strong chance of holding and guess what…it held up! Unfortunately, I ended up trading the EURGBP pair instead of this and so I admit my trade was not fully optimized. Currently at this point, we are testing a potential support turned resistance zone. If we were to look across all USD pairs, the U.S....

fxsignals4pips

I’ve had a nice run trading the range here. My last trade stopped out just before the market close marks the break out move. Instead of comparing the Euro against the Dollar, I’m doing it against the Sterling and it looks like I won’t be giving this currency a bearish sentiment much longer. I would not go full bullish on the Euro, but rather reduce my bearish...

fxsignals4pips

The Reserve Bank of Australia (RBA) kept the cash rate the same at 2.00% announced just yesterday. China’s slowdown is putting a damper on Australia activity especially with exports. The hourly time frame currently allows for a trend trading strategy. I plotted a 60 period exponential moving average along with a 120 period simple moving average. The two combined...

fxsignals4pips

If you take a look at sell-off, it seems as if price found support at a previous resistance zone that has broken out. Shortly after this, price broke through the zone signifying that the support zone is not holding up. Price is currently testing the zone once again on a bullish 30~ pips open. This is a very high reward to risk short entry. Your stop can be placed...

fxsignals4pips

With a mix of disappointing rate hike news in the U.S. and somewhat positive news regarding the Greece bail out, EURUSD surged in today’s trading session. We begin to see the selling action right now as buyers look to sell off their positions as prices tests a previous resistance level. Since the EURUSD is in an overall bearish trend (consolidation in the recent...

fxsignals4pips

This pair is currently testing a critical historic resistance turned support and now back to resistance zone. Based on the longer upper candle tail, it looks like buyers are unable to penetrate this zone to go beyond the 136.50~ mark. Currently remain bearish. Trade recommendation is a sell to maximize the reward to risk ratio as the opportunity for a tight stop...

fxsignals4pips

In the past few hours, this pair has been posting lower highs and lower lows. Fractal wise, we are looking bearish trend. However, we do have an ascending trend line that has yet to be tested. Although I cannot show it here, the EURUSD is currently selling off while GBPUSD has remained stable. The cross results in a greater weakness in the Euro currency and so I...

fxsignals4pips

This pair was ranging near the end of June and broke down as we entered the trading month of July. After a recent rally, we are seeing a double top formation signalling that the buyers are no longer in control. The buying strength can be expected to be near over as this pair failed to break a new high. The range boundaries continue to serve as a resistance area...

fxsignals4pips

The market opened much lower on the Greeks voting no in taking the austerity package in exchange for bail out funds needed to keep the banks running. If we take a look at the 4-Hour time frame, we can see this wedge pattern form. I tend to remain direction neutral in terms of the direction of the breakout. As of right now, you can see that there have been...

fxsignals4pips

I apologize for posting this, but I have been watching this pair for quite a while. If you were to switch over to the hourly time frame or higher, this pair still looks to be in an uptrend. However, the recent price movements show a bearish stance on this pair. First price breaks through a support zone and then now we just tested another fairly weak support turned...

fxsignals4pips

This channel is currently holding up nearing today's market close. For those looking for an optimized trade, I would actually leave any short entries to Monday's open. Given the current selling, we can expect a gap up as traders are looking to cover. Once the gap up occurs, I would be looking to enter short once again at the much better price. Pair continues to...