Live Trading Room Quick Links:
Forex Academy Quick Links:
Misc. Quick Links:
Language:
English

FX Instructor Forex Blog - For Traders, By Traders

February 5th, 2016 @ 6:56 pm by Muhammad Azeem

Click here to read the full article.

usd-jpy-FXITrend is bullish in 4 hours time frame. Vital support is present at 115.97 price level. Last week, price action in USD/JPY currency pair has showed some signs of selling pressure which looks like an Elliott wave B pull back pattern. The trend is still bullish but caution is required to take a buy trade. If price breaks below 115.97 vital support level then up trend is going to end. In such case, I will stay out of market and re-analyze the price action in 4 hours chart of USD/JPY currency pair.

Click here to read the full article.

February 5th, 2016 @ 3:45 am by William Gilday

Click here to read the full article.

Screen Shot 2016-02-05 at 06.47.27

Hello traders welcome to a Friday the biggest data day of the month as today we have NFP release in the N.Y. session. Traders if you are not experienced in trading news data trade a demo account all day today. There is no reason to trade this and it is fun to watch, or take the day off and enjoy your three day weekend. Check out the charts for today and the trade set ups we have for you……

OK let us take a look at the trade plan for the NUZUSD- This is the 30 Minute chart. I like that we are currently at resistance and my bias is bearish on this pair so all I want to do is sell this, Yes I see the bullish week we had i do not see this lasting. I would like to enter and sell this just below the daily pivot point at the price of 0.6688. I am looking to take profit at the 200 ema that is support at the price of 0.6596.

Traders talk with you all soon……William

Click here to read the full article.

February 5th, 2016 @ 12:44 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD continued its bullish momentum yesterday topped at 1.1239. As you can see on my daily chart below, price convincingly closed above the daily EMA 200 after broke above the trend line resistance, giving further confirmation to the bullish reversal scenario targeting 1.1500 area. The bias is bullish in nearest term testing 1.1300 – 1.1350 region. Immediate support is seen around 1.1160. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.1060 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

eurusddaily

Click here to read the full article.

February 5th, 2016 @ 12:42 am by Setyo Wibowo

Click here to read the full article.

GBPUSD Forecast
The GBPUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 – 1.4450 support area which is a good place to buy targeting 1.4700 region. My major technical outlook is neutral but overall price is in a bullish phase since formed a hammer candle stick formation on daily chart after hit 1.4080 key support.

gbpusdh1

Click here to read the full article.

February 5th, 2016 @ 12:38 am by Setyo Wibowo

Click here to read the full article.

USDJPY Forecast
The USDJPY continued its bearish momentum yesterday bottomed at 116.52. The bias remains bearish in nearest term testing 116.00 key support which is a good place to buy with a tight stop loss as a daily/weekly close below that area could trigger further bearish scenario next week targeting 112.50 region. Immediate resistance is seen around 117.35. A clear break above that area could lead price to neutral zone in nearest term testing 118.00 region. Overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

usdjpy4h

Click here to read the full article.

February 5th, 2016 @ 12:32 am by Setyo Wibowo

Click here to read the full article.

USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9921. As you can see on my H4 chart below price is now testing the trend line support, a good place to buy with a tight stop loss as a clear break and daily/weekly close below the trend line support and 0.9900 area could be an early signal of a bearish reversal scenario next week with nearest target seen around 0.9800 (daily EMA 200). Immediate resistance is seen around 1.0000. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains intact testing 1.0070 or higher.

usdchfh4

Click here to read the full article.

February 4th, 2016 @ 2:35 am by William Gilday

Click here to read the full article.

Screen Shot 2016-02-04 at 07.33.16

Hello traders welcome to a new trading day. Well as we get closer to the NFP release on Friday things will get exciting in the markets. Traders I have looked at the charts and there are some changes and we have to be alert to data releases during your trading day. Today the set ups are hard and we have to be patient for price to come to us before entering.

OK let us take a look at the trade plan for the AUDUSD- This is the 30 Minute chart. I see we are currently at resistance and I am looking to use the trend line trade plan, that is it breaks down below that and we get a retest. At the retest we look for a bearish candle as I am looking to sell this at the price of 0.7158. I am looking to take profit at the 200 ema that is support at the price of 0.7072.

Thank you traders talk soon….William

Click here to read the full article.

February 4th, 2016 @ 1:42 am by Setyo Wibowo

Click here to read the full article.

EURUSD Forecast    
The EURUSD had a strong bullish momentum yesterday topped at 1.1145. As you can see on my daily chart below, price slipped above the trend line resistance and now struggling around the daily EMA 200 located around 1.1110. Price is in a critical technical point now. The bias is bullish in nearest term. A clear break and daily close above the daily EMA 200 would give further confirmation of the bullish reversal scenario targeting 1.1500 region. Immediate support is seen around 1.1060. A clear break and daily close below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance as a false breakout scenario may take place.

eurusddaily

Click here to read the full article.

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory