FOREX.TODAY

Tag: 1 hour chart

Going Long on the EURCHF Pair
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-25_19-15-39eurchf1
Dear Traders, On the previous eurchf daily chart we were able to see that price broke the upper resistance of 1.09800. Therefore we prepare to enter the market long if price provides us with the following information / setup. We want to see price retrace to the previous area of resistance that turned now into…
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EURUSD 1 Hour Time Frame
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-22_01-18-58eurusd2
Dear Traders, Having seen the analysis to go short on the daily time frame lets try to find our entry points. Ideally we want to see price break support retrace back to the area and then continue in direction of our bearish trend. It is then and only then after receiving this confirmation that the…
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Chart Correlations
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-15_01-25-04 eurgbp
If in doubt of direction a trader might compare charts of the same currency like all the euro charts compared to other currencies. This enables a trader to confirm his bias and one is also able to choose the best chart. Higher highs and lows should also be on this euro chart to confirm the…
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The strength of a Trend
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-15_00-39-15 eurusd 1h
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A Fib applied to the EURUSD 1 Hour Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-18_00-47-42eurusd
The FOMC meeting took the eurusd up in value. Price went up to the next resistance area where probably some profit taking took place. We know that a healthy trend retraces 50% of the previous move so I thought I place a Fibonacci on the chart where you may see the 38% to 62% as…
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Preparing to trade after FOMC
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-18_00-04-27eurjpy forex.today
So I hope the pips have been with you if you traded FOMC. Let us concentrate now on the present and future price action. On this eurjpy chart we see clearly that price is over the two longer term moving averages. Price is also making higher highs and lows. It is also possible to see…
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Patience pays off
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-17_00-25-31eurgbpForextoday
On this eurgbp hourly chart I would recommend some patience. Price should go up or down. Then we will know if support holds or gets broken instead of guessing we just wait. Then please continue to be patient wait for the retracement if it will be provided and prepare for your trade entry. A long…
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A opinion about the EURAUD 1 hour chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-17_00-08-55euraud Forextoday
One thing I like about this chart is that price broke support and provided us with a lower low. The second thing I like about it is that price is below the two major moving averages. I would therefore recommend to take short positions on this pair. A nice entry would be if price retraces…
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The EURUSD currency pair
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-16_00-34-11eurusd forextoday
On this chart it can be clearly seen that price stopped to provide us with higher highs and lows. At number 10 we received the first hint that something could be about to change when no higher high was provided. Number 11 took out number 9 nicely where we received confirmation that we are now…
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Setting up a Strategy
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-16_00-11-58eurjpyforextoday
The eurjpy pair has the two bigger moving averages quite flat on this 1 hour chart. We deduce therefore that we are not in a strong trending mode for this pair. Also when price finds itself between the blue and purple moving averages it is a sign of indecision of price. Therefore we refer to…
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EURJPY 1 Hour Time Frame Analysis
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-14_21-58-31eurjpy forextoday
Well having a look at this time frame the first thing that comes to my mind is that a lower low has been provided. This might be the first indication that the up trend might be over. Price has been rising since the 4th of September and might now be on its way to turn…
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EURJPY Golden Cross
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-11_00-13-37eurjpy
Well the market is always right and incorporates on the price all available information about the economies. The euryen currency has been moving higher since the 4th of September 2015. Price is now at resistance and likely to retrace before moving up. If you use moving averages the you surely too spotted the cross of…
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A Double Bottom
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-10_00-41-59eurgbp
The eurgbp chart broke resistance and is heading higher. If we analyze the previous support we see in fact that we had a double bottom. Therefore as long as higher highs and lows are provided the bias should now be bullish. A change in bias should occur if double or tripple tops are provided or…
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Possible Range Trading
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-10_00-21-15eurusd
The eurusd 1 hour chart is showing signs of sideways price action. If the upper yellow boundary is not broken and if price prints a nice reversal candlestick pattern then a short trade might be taken. The target would be the lower yellow boundary for the short move. If on the other hand the upper…
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EURGBP Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-08_21-36-05eurgbp
On this EURGBP chart price is testing the resistance from below making it a very interesting chart. Should the blue zone manage to contain price from below then a short entry might be provided. If price decided to move a little higher then the oher area of interest would be to short price from the…
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EURAUD Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-08_21-12-44euraud
On this chart it can be seen that we have been provided with a lower low breaching the purple 200 MA. Therefore I prefer to be a bear and wait to analyze the retracement to see if a lower high will be provided. Areas I watch out for is to see if price respects the…
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A Descending Triangle
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-03_21-18-25eurusd
It helps of course to always plot trendlines on the charts to see if it is possible to visualize certain patterns that may make our life as a trader easier. To the right hand side of the chart you may see a descending triangle. Once the pattern is spotted we calmly wait for an outbreak…
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