The weeky Forex recap focuses on GBPNZD trade setup, GBP, NZD, EUR, and AUD.
Recap of the most interesting currency pairs. Make sure to check out this Forex summary for next week’s opportunities.
For more info: Weekly Forex Recap March 28, 2014
The post Weekly Forex Recap March 28, 2014 appeared first on FX FOREX.
via Winners Edge Trading:
Recap of the most interesting currency pairs. Make sure to check out this Forex summary for next week’s opportunities.
For more info: Weekly Forex Recap February 14, 2014
The post Weekly Forex Recap February 14, 2014 appeared first on FX FOREX.
via Winners Edge Trading:
Recap of the most interesting currency pairs. Make sure to check out this Forex summary for next week’s opportunities.
For more info: Weekly Forex Recap January 31, 2014
The post Weekly Forex Recap January 31, 2014 appeared first on FX FOREX.
via Winners Edge Trading:
Recap of the most interesting currency pairs. Make sure to check out this Forex summary for next week’s opportunities.
For more info: Weekly Forex Recap January 24, 2014
The post Weekly Forex Recap January 24, 2014 appeared first on FX FOREX.
via Winners Edge Trading:
Recap of the most interesting currency pairs. Make sure to check out this Forex summary for next week’s opportunities.
For more info: Weekly Forex Recap
The post Weekly Forex Recap appeared first on FX FOREX.
via Winners Edge Trading:
Happy New Year! 1st summary video of 2014!
Today’s trading room setups: AUDNZD, AUDCHF, AUDCAD.
The Winner’s Edge Trading Room consists of live trading every Tuesday, Wednesday, and Thursday from 8am through 10am EST (13:00 – 15:00 GMT).
This is not just an analysis room; this is a TRADING Room. Here’s the recap from Today’s Room:
Click here to subscribe to my mailing list
For more info: Double Trend Trap Trades: January 2, 2014
The post Double Trend Trap Trades: January 2, 2014 appeared first on FX FOREX.
via Winners Edge Trading:
Today’s trading room setups: EURUSD, GBPUSD, AUDCHF, GBPCAD, GBPJPY, EURNZD.
The Winner’s Edge Trading Room consists of live trading every Tuesday, Wednesday, and Thursday from 8am through 10am EST (13:00 – 15:00 GMT).
This is not just an analysis room; this is a TRADING Room. Here’s the recap from Today’s Room:
Click here to subscribe to my mailing list
For more info: Double Trend Trap Trades: December 30, 2013
The post Double Trend Trap Trades: December 30, 2013 appeared first on FX FOREX.
via Winners Edge Trading:
Today’s trading room setups: USDJPY, EURJPY, GBPJPY, EURAUD, GBPAUD.
The Winner’s Edge Trading Room consists of live trading every Tuesday, Wednesday, and Thursday from 8am through 10am EST (13:00 – 15:00 GMT).
This is not just an analysis room; this is a TRADING Room. Here’s the recap from Today’s Room:
For more info: Double Trend Trap Trades: November 27, 2013
The post Double Trend Trap Trades: November 27, 2013 appeared first on FX FOREX.
via Winners Edge Trading:
Hello Forex traders,
Patience is key in trading Forex and the EURUSD certainly tested that skill to the maximum. The long drawn out correction which slowly had turned into an uptrend was smashed yesterday as the EURUSD crashed through the trend line with lots of momentum.
In our trading room we have been consistently warning that the upside trend is corrective and will find its borders sooner or later before a break unfolds. The same holds true for the GBPUSD where we explicitly warned for the 78.6% Fibonacci retracement level at 1.6180. The EURUSD break and GBPUSD bounce signaled USD strength during the day of the FOMC meeting minutes.
If you were not aware of these pending “threats” for the bullish case, then take a look at the link of our trading room – it is definitely worth it 
EURUSD
The trend channel (purple) had a weak angle and price action behaved correctively and choppy, which easily could be described as a bear flag pattern. The turn occurred at the 50% Fibonacci retracement and the downside breakout has so far been accompanied with a decent thrust and momentum. This downside momentum was already very strong prior to the bear flag and supports the potential downside continuation in fact.
When zooming out to the daily chart, the bearish momentum translates into a big bearish daily engulfing twin. Downside continuation is imminent and test of the bottom at 1.3290 is more a question of when, not if.
Of course, a retracement of yesterday’s daily candle and a hook back to the broken trend line is always possible. A Fibonacci retracement key can be placed on yesterday’s daily candle if a retracement were to happen.
However, that does not necessarily have to occur today. The EURUSD could continue its fall before making a correction. Smaller time frames would have to be used to trade a break below yesterday’s low at 1.3415.
Once price breaks through the bottom at 1.3290 then the Fibonacci targets are in play. The first one is 1.3150, then 1.2960, then 1.2760. The downside scenario becomes less likely when price were to move up aggressively today and then make a bull flag or when the 4 hour chart is showing higher lows and higher highs.
GBPUSD
The Cable respected the 78.6% Fibonacci retracement level, but this does not necessarily translate into a confirmed downside. The respect for the Fib level could still be a retracement and the currency could push up to the 88.6% Fib.
A key level is the 4 hour support at 1.6060. A break of that level is a very good first confirmation of impeding bearish momentum turn. The fall down could have lots of space. The only way I can become bullish on the GBPUSD is if price were to break above the daily resistance at 1.6250 and 1.6330 OR the Cable must provide clear higher highs and higher lows after the downside retracement to 1.5980 or 1.5920.
USDJPY
The USDJPY is clearly pushing to the upside and breaking the 100.60 top as I am writing this article. The triangle break and subsequent bounce off of the broken triangle is thereby getting a bullish continuation. The next major level to break is the 101.60. Once that happens then an upside trend would seem hard to stop. First target is the daily top at 103.70, after which the currency pair could make its move all the way to 110, 120 or even 125 eventually. Of course, expect ups and downs along the way, but the USDJPY could make many shallow bull flags once it is indeed in a confirmed weekly uptrend.
How do you see the above currency pairs unfolding? Let us know down below!
Thanks for sharing this article!! Good Trading!
For more info: USD Impact On Majors
The post USD Impact On Majors appeared first on FX FOREX.
via Winners Edge Trading:
Hello Forex Traders,
The first thing I do every early morning is to browse through the charts and search for trading opportunities. Are there any trend line breaks? Is there a pullback after a trend line break? Are there are chart patterns in play? What is the trend?
One thing I started to notice is the lack of a trend on most currency pairs. The GBPUSD has been bouncing up and down between 1.59 and 1.62 in big daily range. The USDJPY is still in a triangle as well – just as the GBPJPY and CADJPY. The NZDUSD is another classical example as well.
The exceptions to this range environment have been the Euro and Australian U.S. Dollar, which have seen decent trending moves against the USD and GBP for instance. GBPAUD for instance has moved up and down within a 1,300 pip range, which offers decent trending trades, but is historically a rather tight range for this currency pair.
NZDUSD
The Kiwi was unable to break the key support level at 0.82 yesterday. This support in fact caused the Kiwi to bounce and make a momentum push up, which closed with a big exhaustion wick. That wick could be a trend line bounce but if we take recent price action into account, then the entire zone becomes a massive range. A move back towards the top of the range is possible.
This daily consolidation (red and green) is in fact just part of a bigger triangle on the weekly (purple trend lines).
USDJPY
The UJ too is in a well established contracting triangle. The range has slowly but surely tightened to a range of a mere 200-300 pips on a daily chart. A break out – when it finally does occur – could be very powerful due to prolonged quietness. Price is currently right at the top the triangle and is at a bounce or break spot. Both an up and a downside break out are good trades to capitalize on.
GBPJPY
In this regard the GBPJPY might be leading the way because its 2 month’s consolidation zone of 300 pips is breaking as we speak. The GBPJPY owes its nickname – the Ferrari – due to its fast and big movements. This tight consolidation zone, therefore, lasted relatively long for the Ferrari among the currency pairs.
The current daily candle is pushing above the trend line and is in the process of breaking. No worries if you have missed the breakout. Remember, there the Forex market always offers retracements. Forex traders always have tons of time to plan a trade. And it is our job to implement our plan to best of our abilities, which then should lead to profitability. Never focus on profitability without a clear plan, otherwise the success will not repeat itself.
In any case, a good plan would be to wait for today’s candle close. A massive wick would not inspire us to consider this a sustainable break for the moment. Also, there is a lot of resistance to the left of the chart (red line). And last but not least, the USDJPY is at a top of the triangle. Keep an eye on that currency pair as well. As soon as the UJ breaks upwards, there will be a high chance of seeing upside follow through on the Ferrari.
Thank you for tuning in! Do you like trading ranges or are you a trend trader? Are you going to trade the Yen break out if it occurs? Let us know down below!
Good Trading!
For more info: Forex Triangles
The post Forex Triangles appeared first on FX FOREX.
via Winners Edge Trading:
Today’s trading room setups: GBPAUD, GBPNZD, EURCAD, AUDNZD.
The Winner’s Edge Trading Room consists of live trading every Tuesday, Wednesday, and Thursday from 8am through 10am EST (13:00 – 15:00 GMT).
This is not just an analysis room; this is a TRADING Room. Here’s the recap from Today’s Room:
For more info: Double Trend Trap Trades: October 30, 2013
The post Double Trend Trap Trades: October 30, 2013 appeared first on FX FOREX.
via Winners Edge Trading:
Live trade taken on the Winners Edge Trading account.
For more info: Forex Trading Room Live Trade AUDJPY
The post Forex Trading Room Live Trade AUDJPY appeared first on FX FOREX.
