Wednesday, February 11, 2015

EUR/USD Chart

Summary : Target Level : 1.1499Target Period : 2 days
Analysis :
Channel Down identified at 09-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.15 within the next 2 days.

Resistance Levels :
( B ) 1.1499Last resistance turning point of Channel Down.

Support Levels
( A ) 1.127Last support turning point of Channel Down.

Saturday, February 7, 2015

EUR/USD and GBP/USD Forex Trades

The following pair of charts are forex of both the EUR/USD and GBP/USD. You can see that at monthly charts is to help you understand where you are in the really big picture, plus to recognize if the current volatility is unusual compared to previous strong moves. They show a couple of turning points in the past, and also turned on the average true range which helps measure volatility.  As you can see, the ATR has been increasing for the past few months yet isn’t anywhere close to the highs seen a few years ago. While most believe that both pairs will continue their current trend you need to see if they continue to make a long term trade.
EUR/USD and GBP/USD

Thursday, February 5, 2015

EUR/USD chart

Summary : Target Level : 1.1205Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 05-Feb-01:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.12.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.1534Last resistance turning point of Channel Up.

Support Levels
( A ) 1.1313Last support turning point of Channel Up.

Tuesday, February 3, 2015

Pound chart

Summary : Target Level : 1.499Target Period : 3 days
Analysis :
Triangle identified at 02-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.499 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.5084Last resistance turning point of Triangle.

Support Levels
( A ) 1.499Last support turning point of Triangle.

Saturday, January 31, 2015

Swing Trading Forex Markets

 Always take note of the risks involved and what you are particularly risking in the exchanges. Always trade in reasonable sizes.  Some markets inside exchanges are able to make it possible for individuals to trade very large amounts of leverage. And so, a lot of people trade in large quantities in order to assure larger profits. However, doing this may also open up the possibility of losing money in such large quantities as well. It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your trading transactions from there.

Learn step by step how a successful forex trader makes consistent money trading trends on the forex market and how you can copy that success. The basic system was first unveiled on a public forum a few years ago and this book takes it to the next level. Put your trading on turbo with this updated version of an already profitable system. Learn how to predict when a trend will start. Discover the methods the pros use to suck the money out of the trend. Give yourself a head start against the 90% of traders who consistently lose. This book is written for every trader who is failing to make consistent money trading forex. Whether you have just started trading and want to make money from day one or you have been trading for a while but just can't seem to get the hang of it this book is for you.
Swing Trading Forex

Friday, January 30, 2015

USD/CHF Daily

USD/CHF  Daily
13::40 GMT -Earlier strength was capped near the 0.9285 target and     prices have levelled off last several hours. This is first res. while a new high should target 0.9330 next. To the downside, initial sup. is at today's low at 0.9197 then the 0.9115/45 band.  N.I.
R4: 0.9550/55  projection
R3: 0.9400/20  figure/projection
R2: 0.9330 * projection
R1: 0.9284  today high
S1: 0.9197  today low
S2: 0.9115/45  intraday level
S3: 0.9075  intraday level
S4: 0.9040 * Thurs low
S5: 0.8970/80  intraday level/Wed lo

GPB/USD

Summary : Target Level : 1.5224Target Period : 3 days
Analysis :
Inverse Head and Shoulders identified at 30-Jan-07:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.522 within the next 3 days.

Resistance Levels :
( B ) 1.5224Last resistance turning point of Inverse Head and Shoulders.

Support Levels
( A ) 1.5019Last support turning point of Inverse Head and Shoulders.