forexRbot » Forex News

CHF/JPY Short Opportunity at 83.42

admin — Thu, 29 Jul 2010 05:21:11 +0000

A bearish Gartley pattern is emerging on the CHF/JPY.

Swing Technicals- NZD/USD Short From 0.7395 Approaching Profit Target

admin — Thu, 29 Jul 2010 05:21:07 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait until a new pattern emerges.
GBP/USD (Medium Term)		Wait until a new pattern emerges.
USD/JPY (Medium Term)		Wait until a new pattern emerges.
USD/CHF (Medium Term)		Wait until a new pattern emerges.
USD/CAD (Medium Term)		Wait until a new pattern emerges.
AUD/USD (Medium Term)		Wait until a new pattern emerges.
NZD/USD (Medium Term)		Sell NZD/USD at 0.7395. Stop at 0.7526. Profit target at 0.7169.

Trade Update: CAD/JPY Short to Risk-Free

admin — Thu, 29 Jul 2010 05:21:03 +0000

Analysis of past price action on the CAD/JPY reveals that moving stops to breakeven on last week’s short is prudent

Intraday Technicals: USD/JPY Testing Bearish Trendline

admin — Thu, 29 Jul 2010 05:20:59 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Waiting for a new pattern to emerge
GBP/USD (Short Term)		Waiting for a new pattern to emerge
USD/JPY (Short Term)		Coming down off daily bear trendline & near-term fib resistance. Looking for bearish intraday pattern to emerge
USD/CHF (Short Term)		Room down to 1.0570, 1.0530 off bearish pattern completion on 4hr
USD/CAD (Short Term)		Waiting for a new pattern to emerge
AUD/USD (Short Term)		Approaching minor short-term support near .8900 (see 2hr chart)
NZD/USD (Short Term)		Bearish pattern recently completed, see Brad’s technical report for more

Review: Probabilities in Trading

admin — Thu, 29 Jul 2010 05:20:55 +0000

Why it is important to look at trading in terms of probabilities rather than absolutes.

Swing Technicals- USD/JPY to Resume Downtrend at 88.26?

admin — Thu, 29 Jul 2010 05:20:51 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait until a new pattern emerges.
GBP/USD (Medium Term)		Wait until a new pattern emerges.
USD/JPY (Medium Term)		Sell USD/JPY at 88.26. Stop at 88.56. Profit target at 87.80.
USD/CHF (Medium Term)		Wait until a new pattern emerges.
USD/CAD (Medium Term)		Wait until a new pattern emerges.
AUD/USD (Medium Term)		Wait until a new pattern emerges.
NZD/USD (Medium Term)		Sell NZD/USD at 0.7395. Stop at 0.7526. Profit target at 0.7169.

Euro and Pound Rallies Fizzle Out – Peak in Place?

admin — Thu, 29 Jul 2010 05:20:38 +0000

Choppy trading session for risk FX today with both EUR/USD and GBP/USD capped at 1.3000 and 1.5500 respectively as those barriers have so far proven to be difficult to overcome despite the fact that risk appetite has been supportive with European bourses higher by almost 1%. On the economic front the event risk was relatively empty with only the German GFK consumer sentiment survey on the docket.

German Consumer Confidence Hits 8 Month High

admin — Thu, 29 Jul 2010 05:20:33 +0000

German consumer confidence for August improved to 3.9 from 3.6 the month prior reaching its highest value in more than eight months. Consumer expectations were boosted by stronger economic growth, improving labor market conditions and Germany’s strong performance in the World Cup.

USD: Tracking Yields

admin — Thu, 29 Jul 2010 05:20:20 +0000

It was comeback day for the greenback, which rose strongly against the Japanese Yen, Swiss Franc and Canadian dollar. Even though the euro, Australian and New Zealand dollars ended the day unchanged against the buck, an intraday U.S. dollar rally forced higher yielding currencies to give up nearly all of their earlier gains.

US Confidence Weakens, Threatening Risk Rally in Currencies

admin — Thu, 29 Jul 2010 05:20:15 +0000

At the start of the NY trading session, risk was being bought aggressively pushing the euro above 1.30 and sterling above 1.55. However as we got closer to the release of consumer confidence, the momentum in the market began