Forex Signals Archive

  • Trade Idea Wrap-up: USD/CHF – Buy at 0.8970

    Trade Idea Wrap-up: USD/CHF – Buy at 0.8970

    USD/CHF – 0.9047 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.9039Kijun-Sen level                         :0.9004Ichimoku cloud top                     :0.8982Ichimoku cloud bottom                 :0.8958 Original strategy :  Buy at 0.8970, Target: 0.9100, Stop: 0.8935 Position: – Target:  – Stop:- New strategy  :   Buy at 0.8970, Target: 0.9100, Stop: 0.8935 Position: – Target:  –...

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  • Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead

    Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead

    Risk markets attempted a recovery last week on some positive news as Germany and Finland approved expansion of the EFSF while Troika returned to Greece finally. However, strength of the recovery was far from impressive and lost momentum towards the end of the week. While...

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  • Trade Idea: EUR/JPY – Sell at 104.50

    Trade Idea: EUR/JPY – Sell at 104.50

    EUR/JPY – 102.98 Recent wave: wave (i) of 3 ended at 105.44 and wave (ii) has ended at 123.33 Trend: Down New strategy : Sell at 104.50, Target: 102.50, Stop: 105.15 Position: – Target:  – Stop:- Despite intra-day resumption of recent decline to 101.95 (lowest since 2001), the subsequent...

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  • GBP/USD Candlesticks and Ichimoku Analysis

    GBP/USD Candlesticks and Ichimoku Analysis

    Weekly Last Candlesticks pattern: Hammer Time of formation: 12 July 2011 Trend bias: Sideways Daily            Last Candlesticks pattern: Shooting star Time of formation: 19 Aug 2011 Trend bias: Near term up GBP/USD – 1.5703 The British pound opened lower again this week and adding credence to our bearish view that...

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  • Trade Idea: USD/CHF – Buy at 0.8710

    Trade Idea: USD/CHF – Buy at 0.8710

    USD/CHF – 0.8828 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8821Kijun-Sen level                         :0.8819Ichimoku cloud top                     :0.8839Ichimoku cloud bottom                 :0.8817 Original strategy :  Buy at 0.8710, Target: 0.8850, Stop: 0.8675 Position: – Target:  – Stop:- New strategy  :   Buy at 0.8710, Target: 0.8850, Stop: 0.8675 Position: – Target:  –...

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  • Trade Idea: USD/CHF – Buy at 0.8440

    Trade Idea: USD/CHF – Buy at 0.8440

    USD/CHF – 0.8595 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8593Kijun-Sen level                         :0.8576Ichimoku cloud top                     :0.8413Ichimoku cloud bottom                 :0.8224 Original strategy :  Buy at 0.8440, Target: 0.8600, Stop: 0.8405 Position: – Target:  – Stop:- New strategy  :   Buy at 0.8440, Target: 0.8600, Stop: 0.8405 Position: – Target:  –...

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  • Trade Idea Wrap-up: USD/CHF – Buy at 0.7900

    Trade Idea Wrap-up: USD/CHF – Buy at 0.7900

    USD/CHF – 0.7961 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8019Kijun-Sen level                         :0.8022Ichimoku cloud top                     :0.8117Ichimoku cloud bottom                 :0.8097 Original strategy :  Buy at 0.7950, Target: 0.8080, Stop: 0.7915 Position: – Target:  – Stop:- New strategy  :   Buy at 0.7900, Target: 0.8050, Stop: 0.7865 Position: – Target:  –...

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  • Trade Idea Wrap-up: USD/CHF – Target met and buy again at 0.8000

    Trade Idea Wrap-up: USD/CHF – Target met and buy again at 0.8000

    USD/CHF – 0.8073 Most recent candlesticks pattern    : N/ATrend                                    : Near term up Tenkan-Sen level                       :0.8026Kijun-Sen level                         :0.8026Ichimoku cloud top                     :0.7938Ichimoku cloud bottom                 :0.7925 Original strategy :  Bought at 0.7905, met target: 0.8010 Position: – Long at 0.7905Target:  – 0.8010Stop:- New strategy  :   Buy again at 0.8000, Target: 0.8120, Stop: 0.7965 Position: –...

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  • Daily Report: Dollar Retreats from Highs as Traders Await Bernanke

    Daily Report: Dollar Retreats from Highs as Traders Await Bernanke

    Although the greenback rallied across the board yesterday as the Federal Reserve looked less likely to announce QE3, the greenback failed to extend yesterday’s gain and retreated quite sharply versus most major currencies. In the past 2-3 trading days, the greenback started to rebound...

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