Tag Archives: forex signal
Trading Forex – EUR/USD & Greece Default
Posted on 13. Sep, 2011 by Jakob.
With the recent rumors about Greece Default we have seen some downside in EUR/USD. Currently the pair trades around the 1.3675 level. Now as always, after a move down like the one we have seen here, there is a good chance of a fairly strong retracement before we see further downside.
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Trading Forex – Cable Up for Further Downside
Posted on 27. Jun, 2011 by Jakob.
Trading Forex is all about planning your trade and trade your plan. Read todays outlook on Cable in order to have an idea of the possible moves in the market.
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Trading Forex – EUR/USD Towards 1.4000
Posted on 26. Jun, 2011 by Jakob.
Trading Forex is all about planning your trade and trade your plan. Read todays outlook in order to have an idea of the possible moves in the market.
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Trading Forex – EUR/USD
Posted on 01. Jun, 2011 by Jakob.
EUR/USD is currently trading at the 1.4430 level. From a technical standpoint it does look biased for further upside. We currently have a strong key level of resistance at the 1.4440 level. If the pair does break this level, the next apparent level of resistance will be around the 1.4540 level.
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EUR/USD – Up or Down?
Posted on 10. May, 2011 by Jakob.
EUR/USD has depreciated strongly over the previous five days. With a drop of just around 600 pips since the recent swing high to the currently traded level at 1.4325 over such a short period of time, a pullback is definitely a possibility. However, trading the pair after such a thrust to the downside, any trade, long or short does seem to carry a different level of risk; We don’t really want to take a short because of the recent thrust down with more than 600 pips a pullback seems likely. However, we don’t want to enter long, because that is clearly going short-term counter trend. Click on the picture below to see a daily chart of EUR/USD
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Trading Forex – Daily Outlook – April 29th
Posted on 29. Apr, 2011 by Jakob.
As stated in the recent post, we have a possible setup on EUR/USD if we get a pullback to the 1.48 level, where we could be looking for a possible long trade with a stop loss of just around 30 – 35 pips and an initial profit target around the 1.4880 level. In addition to this, I am in on a long trade on USD/CAD with a stop loss of 40 pips and I am looking to close this out before GDP or at least move my SL to BE if the trade allows for it. Finally we a beautiful picture on GBP/JPY which is looking perfect for a long trade from a technical perspective; however I will re-access a possible entry on this pair on Monday as I would prefer not to have any open positions during this weekend. See the video below for a detailed explanation.
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EUR/USD – 1.4960 Today?
Posted on 29. Apr, 2011 by Jakob.
EUR/USD is still trading around recent highs and further upside seems like a good bet in my opinion. Now keep in mind that it is UK bank holiday today so we are likely to have a low liquidity market so there is a good chance that it will be a very slow day, price action wise. However, looking at the charts, I think EUR/USD is heading for further upside. We do have a bunch of news releases today but not really something which should move the market significantly besides GDP from Canada. Click on the picture below to get a visual idea of the levels I am paying attention to.
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Trading Forex – Daily Outlook April 20th
Posted on 20. Apr, 2011 by Jakob.
A bit late here but I think the market is starting to give us a perfect chance to get in on a couple of trades. First of all, I might be looking for a possible short trade on EUR/USD due to recent price action and the strong move to the upside throughout the entire day. All depending on a possible break of recent highs of 1.4546 I will be looking for a pullback to either 1.4522 if we do move higher within the next 15 minutes or so. If not, I will be looking for a profit target around 1.4480 and ultimately 1.4450. Obviously we need to adjust for a good risk:reward so follow along on Facebook, where I will try to pinpoint the entry. Around US open we could be looking for a possible long, if we get the pullback I am looking for. Now as always, anything can happen, so keep you risk low. There are never any guarantees. Watch the video for more details.
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Trading Forex – Daily Outlook April 19th
Posted on 19. Apr, 2011 by Jakob.
This morning we have two potential trades. A possible short on EUR/USD around London open, if price action allows for it, and then a possible long trade later today. You can also find details about this in the post from yesterday and in the video below.
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GBP/JPY – Close to a perfect Setup
Posted on 18. Apr, 2011 by Jakob.
Click the picture below to see GBP/JPY on a weekly chart. This is, in my opinion, close to the perfect setup. I will wait for the daily candle to close before I do anything and probably I won’t do anything before tomorrow morning around London open. Now fundamentally it can be argued that further downside to GBP pairs might be possible due to the drop in inflationary pressure hence diminishing the possibility of a rate hike in a near future. Additionally JPY appreciates on risk aversion flows and could also continue until we get a more clear picture from the situation in Japan.
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