Technical Analysis

  • EUR/USD Daily Free Signals by AutotradingFX 11/26EUR/USD Daily Free Signals by AutotradingFX 11/26

    November 26 2012 4:50 AM

    Sell @: 1.2949 TP Sell @: 1.2899 SL Sell @: 1.2999

  • GBP/USD Daily Free Signals by AutotradingFX 11/26GBP/USD Daily Free Signals by AutotradingFX 11/26

    November 26 2012 4:47 AM

    Buy @: 1.6000 TP Buy @: 1.6040 SL Buy @: 1.5950

  • EUR/USD Weekly Outlook and Trading IdeaEUR/USD Weekly Outlook and Trading Idea

    November 26 2012 4:19 AM

    I thought wave (F) of the Diametric formation from the July 2008 top was going to develop as a Flat pattern and that was the reason I expected a decline twd 1.2500 and below last week. But the last week's rally signals the structure of the suspected wave (F) will be different (not clear yet) and it seems the larger uptrend from the July 2012 low has already resumed. If correct, gains twd 1.3520 will be seen in the next couple of months. With this in mind I favor the long side here against the 1.2670 key Fibonacci level....

  • GBP/USD Weekly Outlook and Trading IdeaGBP/USD Weekly Outlook and Trading Idea

    November 26 2012 4:16 AM

    The last week's strong rally suggests wave D is already over and if that's the case, wave E of the suspected Neutral Triangle from June's low is already under way. Thus, one can favor the long side. The problem however is that I do not expect a huge upmove from here. My upside target is just above the 1.6300 level. So, I personally prefer to stay neutral.

  • USD/JPY Weekly Outlook and Trading IdeaUSD/JPY Weekly Outlook and Trading Idea

    November 26 2012 4:12 AM

    USD has continued its move higher and thus further confirms our long-term bullish idea here. Now, what we need, is a firm move abv 83.800/84.10 area. Once we see such a move, the weekly chart will become positive as well (now the weekly chart is still neutral as long as below 84.10). On the downside, the 80.60 level should provide strong support if a pullback develops from here. If the prices move back below 80.60, that will negate the afore-said bullish idea.

  • GBP/USD: Pivot Point Signal 26.11.2012

    November 26 2012 3:07 AM

    Buy at 1,60307 Stop Loss at 1,60007 Take Profit at 1,60607

  • EUR/USD: Pivot Point Signal 26.11.2012

    November 26 2012 3:05 AM

    Buy at 1,29742 Stop Loss at 1,29442 Take Profit at 1,30042

  • EUR/USD Daily Free Signals by AutotradingFX 11/23EUR/USD Daily Free Signals by AutotradingFX 11/23

    November 23 2012 5:14 AM

    Buy @: 1.2899 TP Buy @: 1.2912 SL Buy @: 1.2849

  • GBP/USD Daily Free Signals by AutotradingFX 11/23GBP/USD Daily Free Signals by AutotradingFX 11/23

    November 23 2012 5:06 AM

    Buy @: 1.5962 TP Buy @: 1.6004 SL Buy @: 1.5912

  • Trade Idea Wrap-up: EUR/USD Buy again at 1.2770Trade Idea Wrap-up: EUR/USD Buy again at 1.2770

    November 22 2012 3:38 AM

    Analyst Paul Ebeling of www.livetradingnews.com takes a look at EUR/USD. Trade Idea Wrap-up: EUR/USD Buy again at 1.2770

  • EUR/USD Daily Free Signals by AutotradingFX 11/22EUR/USD Daily Free Signals by AutotradingFX 11/22

    November 22 2012 3:18 AM

    Buy @: 1.2842 TP Buy @: 1.2862 SL Buy @: 1.2792

  • GBP/USD Daily Free Signals by AutotradingFX 11/22GBP/USD Daily Free Signals by AutotradingFX 11/22

    November 22 2012 3:07 AM

    Sell @: 1.5898 TP Sell @: 1.5882 SL Sell @: 1.5948

  • 11/21/2012 – USD/JPY Breaks Out to New Highs11/21/2012 – USD/JPY Breaks Out to New Highs

    November 21 2012 2:27 PM

    USD/JPY (daily chart) as of November 21, 2012 has extended a full week of substantial gains and has established yet a new 7-month high in the process. During this bullish run, price has broken out above several key resistance levels, including the important 80.50 level, which the pair had previously been unable to breach for the prior six months. USD/JPY has just risen to break out tentatively above 82.00 and, bearish retracements notwithstanding, has a potential upside bias towards a re-test of the important 84.00 level, last reached in mid-March. For the past two months, price has been forming a bullish trend line extending back to the September low just above 77.00. The current bullish breakout run can be seen as an acceleration of that short-term uptrend. To the downside, the strong previous resistance level at 80.50 could potentially serve as new support for any near-term bearish corrections.

  • Trading ideas on AUD/USD, GBP/USD and USD/CHF 11/21

    November 21 2012 11:06 AM

    Swiss has dipped towards its lower end of the 0.9520-380 range as the good performance in the Euro continues. But both Euro and Swiss are at the upper and lower end of their trading ranges respectively. Chances of Swiss breaking below 0.9380 remain, after which we can see it moving lower towards 0.9350 and 0.9300 in the immediate term. Also the break of this range on the down side is expected to make the medium term outlook bearish. We are not sure if we can see the range breaking today or will it hold till the next meeting of the Euro ministers to decide on the Greece bailout which is scheduled on Monday. On a rise it is expected to face resistance at 0.9460, we would avoid taking positions while it continues to trade in this range.

  • Forex Signals – EURUSD Extinction Burst

    November 21 2012 10:08 AM

    Our SL got hit on our EU short for a loss of 50 pips, pretty much balancing out our profit on the AU short (56 pips). Price got very, very chippy yesterday as there was a possible bearish extinction burst on the 04:00 candle (pretty much the inverse of what occurred on the USDCHF chart. Speaking of which, the inverse correlation between EU and UChf right now is incredibly high if you can come up with a consistent strategy for that :).

  • EUR/USD Daily Free Signals by AutotradingFX 11/21EUR/USD Daily Free Signals by AutotradingFX 11/21

    November 21 2012 9:04 AM

    Sell @: 1.2783 TP Sell @: 1.2733 SL Sell @: 1.2833

  • GBP/USD Daily Free Signals by AutotradingFX 11/21GBP/USD Daily Free Signals by AutotradingFX 11/21

    November 21 2012 8:58 AM

    Sell @: 1.5911 TP Sell @: 1.5899 SL Sell @: 1.5961

  • 11/20/2012 – USD/CAD Retreats from Key Resistance11/20/2012 – USD/CAD Retreats from Key Resistance

    November 20 2012 12:34 PM

    USD/CAD (daily chart) has shown a marked decline after touching and respecting strong resistance around 1.0050, just above parity. This retreat of the past two days follows a bearish divergence indication between price and oscillator (Stochastics), indicating a potential loss of the bullish trend momentum that has been in place since the September 0.9630 low. This decline from key 1.0050 resistance also occurs after price broke out above both a bearish trend line and the important 0.9900 resistance level in the latter half of October. If price is able to stay below 1.0050 resistance and re-break below 0.9900, thereby breaking down the short-term bullish trend that has been in place since the September 0.9630 low, price could decline further towards a potential re-test of the 0.9800 and then 0.9630 levels. To the upside, in the event of a subsequent breakout above the important 1.0050 resistance, price could move towards a further potential resistance objective around the 1.0230 price region.

  • Forex Signals – EURUSD Stay the CourseForex Signals – EURUSD Stay the Course

    November 20 2012 11:03 AM

    Our short was triggered at 1.2768 on the 22:41 support break.That short is still open after just missing our 50 pip SL by a few pips on two different occasions.

  •  EUR/USD Completing a Gartley near Resistance EUR/USD Completing a Gartley near Resistance

    November 20 2012 10:19 AM

    Correction, Gartley: EUR/USD continues to consolidate, but instead of a sideways manner between 1.28 and 1.2660, it seems like there is a bullish tilt and a correction. Since the 1.2660 low, you can see in the 4H chart 2 swings up. We are in the second swing now, and it is almost the same distance as the first swing. We can call this an almost completed ABC correction. Some might see it as a “abcd” harmonic retracement pattern as well – a Gartley.