As you can see from this daily and weekly audcad chart I noted two things. The weekly chart is bullish where the previous swing high has been taken out. The daily chart has  support at the 0.98000 to 0.98600 levels. Price printed two days ago a candle with a very nice lower wick showing that…

Dear Traders, Today I am sharing a trade on the usdmxn on the daily chart. I went long on this pair when I arrived home and would like to share with you the reason why I took the trade. You see the big distance of price in regards of the 200 day blue moving average.…

Dear Traders, Hoping all are well let me share with you my view about the AUDJPY pair. The chart I use is the daily. Why is the daily chart especially important? Well we are able to see how price behaved in the three markets (asia, uk and us) in one whole day. This gives us…

On this eurusd daily chart you might note that price today broke out of our triangle. Price tested the cloud but printed during the day a bullish candle. This means that the cloud acted as support which held and attracted more buyers. MACD crossed the zero line upwards which would be another bullish signal. If…

Price on the audnzd printed a nice bullish impulsive candle today. This might be where the smart money is positioned therefore I take a bullish stance for this pair. The bottom provided as with a double bottom or a 123 pattern right from support. The target would be the upper blue line or should it…

AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment and stronger than expected data in China. The pair has found support at the .6950 minor psychological level and climbed back above .7000, possibly setting its sights on the top…

On this daily gbpchf chart I highlighted for you the areas which I find to be mostly of interest to traders and portfolio managers. Three days ago price bounced of an area of support and is climbing its way up to the next area of interest shown on the top of the chart. If the…

Well fundamentally the whole world speaks about the bearishness of the euro... On some sides it is the weakest currency pair that traders should trade... But lets look with an open mind on this eurusd daily chart, price found support at the 1.08000 level. If this level holds and the stochs provides us with a…

USDJPY sold off on Friday but is currently testing support at a rising trend line connecting the lows on the 1-hour time frame. Price could be due for a bounce from here, possibly taking it up to the previous highs around the 123.50 minor psychological level. The trend line coincides with the 200 SMA, which…

AUDUSD has broken below its mid-range area of interest and is now aiming for the bottom around the .6950 minor psychological level. A test of this support could yield either a bounce or a break, with technical indicators suggesting that bearish momentum is in play. The 100 SMA is safely below the longer-term 200 SMA,…

Once again we have a currency pair moving sideways price action Both yen crosses,  wait for price  to touch resistance or support wait for price action to fail to break support or resistance zone on a small time frame then pop in a small trade with a stop know more  then 20 pips away  …

One currency pair to watch and wait for ?. let price action tell you which way to trade. If price touch resistance @ 92.65 or support 91.53 Zones and you see price action has fail to break resistance or support on a 15 minute time frame.  Pop on a small trade with a  stop at know…

Looking at my daily chart for this pair we have broken lower, down to a possible support zone?. We have also broken the red 21 ema which could mean less bears are sell this currency pair short? . I have mark out where I think support zone is, I will also be watching my stochastic…

USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support. Price has formed a bearish flag right at the bottom of the channel around the .9600 major psychological support and might be due for a break lower. In that case, the pair could be in for a steeper…

NZDJPY is moving sideways on its 1-hour forex chart and might draw support from the bottom of the range around the 76.50 minor psychological level. A bounce off this area could lead to a move back to the top around the 78.50 minor psychological resistance. The 100 SMA is below the 200 SMA, confirming that…

So how to get sucessfull as a day trader? How to absorb all the information about the markets and which opinions are the right ones? Which systems works best and which should be avoided? Where to place stops and targets? How much money should I risk? How to conquer fear and anxiety? What kind of…

After the NFP announcement I analyzed the eurusd pair on a daily chart. After a down trend that we see on the chart from October we have been given a 123 pattern that you see with the numbers 1, 2, and 3. Since then the market gave as a higher high with the number 4…