fxsignals4pips

fxsignals4pips

Dollar currently remains bearish as this downward channel is tested once again at the upper boundary. I admit the lower boundary is a bit extreme and doesn't look like it will be hit any time soon. However, I still remain bearish for the time being as price is traded in this channel.

fxsignals4pips

The support zone holds up once again as gaps down into the zone upon market open. It is just the third hour and we are beginning to see that the selling has been overdone. This is a rather strong move with a mixture of short covers and traders entering into long positions once again. Like I said, the U.S. Dollar strength is expected to prevail.

fxsignals4pips

NZD pairs have been bearish across the board expect against the CHF experiencing a short term bullish move. While the moving average is rather invalid in this analysis serving no clear trend spotting, the resistance zone suggests that this pair is back on track to continue its bearish trend. The bearish trend is not established with the moving average, but rather...

fxsignals4pips

Is this the right time to buy into the USDJPY pair? EURUSD just dropped a whopping 158~ pips giving us a modestly bullish strength into the U.S. Dollar. Our recommendation is to conservatively buy into this pair as the Dollar strength is expected to prevail given the bearish gap down in EURUSD. We don't usually see both gapping in the same direction. It looks like...

fxsignals4pips

Over on the hourly time-frame, USDJPY remains bearish as it tests a resistance zone previous broken out of. As we look at the support zone, this pair once again looks to resume a range. Current trade set up is to go short with a price target just tad below the 122.80~ mark with a stop loss just at 124~ giving a good reward to risk ratio.

fxsignals4pips

Despite successfully testing and reversing from the resistance turned support zone, this pair would be considered in a range until it is able to break out above the 1.48~ price level. Going long has a much better pay off in this range, but keep in mind that the EMA-60 setting is working as a dynamic support and resistance level as well.

fxsignals4pips

The U.S Dollar experienced another up day, but GBPUSD still remains in the spotlight for being one of the later pairs to sell off. If you missed the move over on the other Dollar pairs, GBPUSD is the pair to be trading.

fxsignals4pips

There are different variations of spotting a trend change. One way is to use a moving average. This is exactly the case here.The GBPUSD crosses over the EMA-60 over on the hourly time frame. This is one of my personal favorite exponential moving average setup because the historical price data actually plays off the moving average. As you can see, the EMA-60 is a...

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The Euro picked up early morning along with the Pound and Australian Dollar, but the Greece debt crises soon put a damper on the optimism of the Euro. In fact, this is when the Euro zone accepted the new Greece debt proposal. It seems like they are willing to put up with Greece’s shenanigans just a bit longer. Before we get to the Euro pairs, the AUDUSD is back...

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EURGBP tests a redrawn trend-line. Keep in mind that trend-lines can be redrawn. In fact, there are multiple methods of drawing trend lines using the best fit method or connecting the two origin points. This is a re-drawn trend-line using the absolute extreme points instead of the previous best fit line.

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Trend-line tests once again as price soars into early afternoon. We near the approach of a this resistance zone that also serves as the base for an inverted or upwards triangle. Regardless of the technical terms, price is once again consolidating with a good probability of breakout out above. Why is the favor in this pair breaking out above? This is simply due to...

fxsignals4pips

The horizontal line of the triangle's base now confirms that this is a resistance line. We can now expect even further downward pressure to the height of the overall triangle.

fxsignals4pips

Earlier today, I posted a downwards channel. If we were to zoom in closer on a shorter time frame, you would see a triangle break lower pattern. This move is currently fundamentally driven based on the Greece budget meeting. This pair is currently worth watching in order to enter a short position once again.

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Partially on the news that the Bank of Japan is keeping monetary policy steady, both USDJPY and EURJPY gained a few ticks. What does a steady monetary policy mean? It devalues the Yen as it is a sign that the Japanese economy isn’t picking up sending a bearish wave of sellers. USDJPY is in the spotlight as it shows the U.S. Dollar strength may be returning. A bit...

fxsignals4pips

It doesn't matter which way this pair moves, it's that it is consolidating. Looking beyond the technical terms, you see indecision and it's time to play off the break out.

fxsignals4pips

Reflects the fundamental strength between the Euro and Great Britain Pound. This is using the EMA-20 as a dynamic support and resistance level along with the SMA-60, advice sell.